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Supreme Court lets Barhia Town operate

ISLAMABAD: Supreme Court, while accepting its Rs. 460 billion offer, has allowed Bahria Town Karachi to operate, sell plots while NAB will have to seek permission before filing any reference against it. 

According to the court order, Bahria Town will pay a down payment of Rs. 25 billion by 27th  by August 2019 and the remaining amount on monthly installments of Rs. 2.5 billion for the next three years. 

A relevant piece published earlier: 

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

 

 

 

 

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.