An accountability court in Karachi ordered authorities on Saturday to attach the properties of Zain Malik, a builder and the son-in-law of property tycoon Malik Riaz, in a case pertaining to illegal amalgamation of commercial land for a multi-storeyed building in Karachi. According to local media reports, the issue was presented before the accountability court-III judge Sher Bano Karim on Saturday, who...
Work on Daducha Dam will start in two or three weeks as Punjab government has released Rs150 million to the Frontier Works Organisation (FWO). Dam is closed to DHA Valley. Frontier Works Organisation (FWO) has won the contract for Daducha Dam construction. The project will be completed in a period of three years. According to the details, FWO will complete the work on Dadocha Dam at a cost of PKR...
The Supreme Court on Monday reserved its judgment in the Bahria Town implementation case. Supreme Court sought a new report from the Survey of Pakistan on the demarcation of Bahria Town Karachi while taking notice of the occupation of more land than the allotted one. Attorney General, instead of asking money for the federal government, requested to spend it through a judicial committee and said a...
The Supreme Court in its last hearing, intended to find a solution under the law in the cases relating to encroachment of forest and Shamlat lands by Bahria Town in the areas of Rakh Takht Pari in Rawalpindi, and Sulkhtar and Manga in Murree. In this regards, Supreme Court issued notices to Forest Department, Government of Punjab as well as National Accountability Bureau (NAB),and adjourned the hearing...
سپریم کورٹ میں ڈھڈوچہ ڈیم کی تعمیر سے متعلق کیس کی سماعت کے دوران پنجاب حکومت نے ڈیم بنانے کی بحریہ ٹاؤن کی پیشکش مسترد کرتے ہوئے اسے خود تعمیر کرنے کا فیصلہ کیا ہے۔ عدالت عظمیٰ میں جسٹس عظمت سعید کی سربراہی میں 3 رکنی بینچ نے...
The Supreme Court accepted Malik Riaz’s offer to pay Rs460 billion within a period of seven years for Bahria Town Karachi. The apex court restrained the National Accountability Bureau (NAB) from proceeding with its reference against the real estate developer and relevant officials. The company will have to deposit the amount to the top court within seven years. Bahria Town made this offer for the...
Bahria Town has offered to pay Rs440 billion for Karachi Superhighway project, Rs22 billion for Takht Pari Rakh forest land and Rs23 billion for land in Sulkhtar and Manga. Bahria Town has asked for complete legal immunity of its directors and management in return of its new offer of Rs485 billion. The new proposal was submitted in the Supreme Court on Tuesday. After finalisation of the proposal all...
Good days of Bahria Town Karachi (BTK) investors would soon become reality. Owner of Bahria Town seems serious to give relief to their investors who are worried for the last many months. In the last hearing, the management of Bahria Town offered payment of Rs479.598 billion (all inclusive of fee, charges, duties, taxes etc comprising of land price, regularisation fee and profit for full and final...
Malik Riaz, in his recent statement on social media, promised to secure his investors’ hard earned money which is invested in his Bahria Town projects. He also promised to deliver such projects brilliant projects in future too. Malik Riaz and Bahria Town is expected settle its cases in near future which would definitely bring sigh of relief among Bahria’s...
Today, Malik Riaz offered to pay Rs358 billion for the legalisation of Bahria Town Karachi. But the Supreme Court of Pakistan termed it “unsatisfactory”. The Supreme Court bench asked Bahria Town to reconsider near to estimated Rs600 billion. Three-judge implementation bench, headed by Justice Sheikh Azmat Saeed hearing the case formed after the court had discarded review petitions filed against...
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