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Bahria Town asks SC to end all inquiries in return for Rs.485b

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Bahria Town asks SC to end all inquiries in return for Rs.485b

KARACHI: Bahria Town management has asked the Supreme Court for complete legal immunity in return of its new offer of Rs.485 billion.

The new proposal was submitted in the apex court today by the legal management.’

“After finalisation of the proposal, all criminal and civil liabilities against its directors (past and present), shareholders, management of BTPL and/or its associated entities shall cease to exist,” read the proposal.

All “on-going inquiries, investigations by all agencies (NAB, FIA, FBR, Anti-corruption) in said matters is said to be ceased/waived/discharged,” according to the proposal. It asks for the court to refrain investigating agencies from investigations against the management for “all times to come”.

On May 4, 2018 the court ruled that the Malir Development Authority illegally granted land to Bahria Town.

The Sindh government had allotted the land to MDA for building a housing scheme. The MDA, however, exchanged the land with Bahria Town, the court said. Bahria Town was even barred from selling any plot or apartment in the housing scheme. The top court has been hearing a case on the implementation of its verdict.

The Bahria Town has made several proposals to get the land transferred to it. The court has rejected all the proposals so far.

Crime

ANF arrests drug peddler recovers hashish

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KARACHI: Anti-Narcotics Force (ANF) Sindh in an intelligence-based operation conducted near Indus Chowrangi Korangi Industrial Area today arrested an accused and recovered 5 kg hashish from his possession.

 

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Karachi

National Bank’s regional branch on fire?

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KARACHI: Cause of fire that engulfed the sixth floor of FTC building – harboring National Bank’s offices – here this morning has not yet been ascertained.

It is pertinent to mention here that in an enormous Metropolis like Karachi there are only 24 fire stations. Hence the sufficient number of fire tenders reaches the scene from far off places that let the fire spread.

In case of today’s fire too it took ten fire tenders and two snorkels four hours to douse the incendie, but the fire tenders reached the spot quite late.

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Economy

NBP regional office FTC on fire

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