• Historic embassy building in Washington, D.C., sold by Pakistan for $7.1 million.
• Building had been vacant since 2003 and lost diplomatic status in 2018.
• Sale generates revenue for Pakistan and enhances embassy security.

Pakistan has successfully sold its historic embassy’ building in Washington, D.C. The property, previously used as a chancery, had been vacant since 2003 and lost its diplomatic status in 2018. The building’s assessed value increased due to local government taxes and a downgrade in property classification.

In an auction, Pakistani businessman Hafeez Khan emerged as the highest bidder, acquiring the building for $7.1 million, surpassing the initial offer of $6.8 million.

The sale of the building serves as a means for Pakistan to generate revenue and alleviate financial burdens. Moreover, the transaction improves embassy security, eliminating potential risks associated with an empty property.

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