Posts Tagged ‘Estate’

h1

Zardari to sell part of Pakistan’s Kabul estate

May 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.
Follow

Get every new post delivered to your Inbox.

Join 39 other followers