Malik Riaz responds to SC verdict on Bahria Town Karachi

Malik Riaz responds to SC verdict on Bahria Town Karachi

KARACHI: Malik Riaz, real estate tycoon and founder of Bahria Town, Wednesday pledged that the construction work on thousands of acres of the mega project in Karachi is underway with full force.

“Bahria Town Karachi would allot its each plot, house, flat and shop to its members at promised time,” Riaz said in a video message posted on his Twitter account.

The video statement comes two days after Supreme Court ordered Bahria Town Karachi to halt the construction work at 5, 786 acres of land illegally allotted by Malir Development Authority (MDA) with an immediate effect.

“I want to give good news to hundreds of thousands of members that Alhamdullilah! the initial project of this modern new city in Karachi is in final phase,” he said.

“I want to assure Bahria Town Karachi’s one and a half lac respected members, 35 thousand employees and their faimies, all investors, laborours and stake holders that Bahria Town has always complied with the laws.”

He said that the remaining members of Bahria Town Karachi who have not yet been allotted numbers would get them in balloting on August 15.

“The journey of Bahria Town Karachi and Pakistan would continue at all cost Insha’Allah,” he added.

Also read: SC restrains Bahria Town Karachi, MDA from construction work

Earlier this week, the Supreme Court ruled in an interim order that 5, 786 acres of land was illegally allotted to Bahria Town by the MDA.

The court also directed National Accountability Bureau (NAB) to complete its investigations and submit a report within two months. It also restrained the Sindh government from allotting any further land to Bahria Town.

Reacting to the court’s order, Bahria Town Chairman Malik Riaz insisted that the construction activity would continue uninterrupted in Bahria Town Karachi.

“Misreporting of facts regarding Bahria Town Karachi absolutely malicious. SC (Supreme Court) didn’t put any restrictions on develop work by Bahria Town,” Malik Riaz tweeted.

“Bahria Town will continue all construction-related activities on the consolidated land of 9385 acres. Twisted facts are product of cynical minds.

“We have been facing this mafia from day one and will continue to do so to safeguard development &investment in Pakistan.” –Samaa

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