Monday, July 16

What’s Hot

Bahria Town Chairman Malik Riaz gets a big blow

Bahria Town Chairman Malik Riaz gets a big blow

What's Hot
The Supreme Court ordered Bahria Town Chairman Malik Riaz to deposit Rs5 billion as security within two weeks in a case related to a housing project in Karachi.   A three-judge SC bench, headed by Chief Justice of Pakistan (JCP) Mian Saqib Nisar, ordered that the personal property of Malik Riaz, his wife, and his sons will be taken into official custody. The JCP also ordered Malik Riaz to deposit Rs5 billion as security Rs5 billion within two weeks. During the hearing, the chief justice directed Riaz to submit an attested audit report in the court every month. However, the chief justice in its order made it incumbent upon Bahria town Karachi to deposit twenty percent of the amount it will receive from the allottees in the apex court’s account. The remaining eighty percen