Zardari to sell part of Pakistan’s Kabul estateMay 16, 2009
- Pakistan owned 24-acre Kart-i-Parwan estate is considered to be one of the most prestigious assets in the Afghan capital.
- It housed Pakistan’s embassy till 1995 until it was moved to a rented property in another part of the city because of security reasons.
- British Government has repeatedly requested to buy this land from Pakistan in the last few years, offering $25m in 2006.
- Former President Musharraf repeatedly turned the British offers down, on the premise that the prestigious estate would be an asset when security situation improved and it would save nearly $1 million annually in rent.
- Zardari had been trying to push deal through for some time but the Foreign Office had serious reservations.
- Sale of the land has now been agreed for an undisclosed price between Zardari and the British High Comissioner.