The Supreme Court of Pakistan has stopped Bahria Town from doing any development on the state land allotted to it by the Malir Development Authority (MDA). The apex court also gave order to the National Accountability Bureau (NAB) to complete its investigation into the matter within two months. This was reported by leading English newspaper website.
Bahria Town which is one of the leading real estate firm in the country has denied all the allegations and the news circulating regarding Supreme Court’s restrictions on the development work by Bahria Town Karachi.
As an answer to that report the Chairman of Bahria Town Malik Riaz took twitter and has denied all the allegations and that the Supreme Court hasn’t imposed any restriction on development of Bahria’s projects.
Misreporting of facts regarding #BahriaTown #Karachi absolutely malicious.SC didn't put any restrictions on develop work by #BahriaTown(1)
— Malik Riaz Hussain (@MalikRiaz_) August 1, 2016
#BahriaTown ll continue all construction&related activities on the consolidated land 9385 acer.Twisted facts r product of cynical minds(2)
— Malik Riaz Hussain (@MalikRiaz_) August 1, 2016
We ve been facing ths mafia from day one &will continue to do so to safeguard development &investment in Pakistan. #BahriaTown #Karachi(3/3)
— Malik Riaz Hussain (@MalikRiaz_) August 1, 2016
In his tweets, he called it “misreporting of facts” by the media and vowed to continue the development of the mighty project. Malik Riaz has also been criticizing the DAWN group for continuously spreading false news against Bahria town over the time.
Been 6,7 years since @Dawn_News chasing #BahriaTown 4annual ad of Rs 8 crore,not in line wth r policies.we refused2 oblige against rules(2)
— Malik Riaz Hussain (@MalikRiaz_) January 31, 2016
People on social media commented that this news regarding Bahria is just a rumour and nothing will happen to this mega project of Karachi.
@MalikRiaz_ sir we are all #BahriaTown .. standing with you
— Muhammad Raheel (@MRaheeLU) August 1, 2016
Some journalists criticized media of Pakistan that they didn’t published this news
The front pages of The News, ET & Dawn today – only Dawn published the SC restraining 'Bahria Town from work' story pic.twitter.com/fpkbXc2x3e
— omar r quraishi (@omar_quraishi) August 2, 2016
#BlackDay for journalism in Pak
Only #DAWN published SC historic verdict ag Bahria Town
Jang/TheNews censored#Shame pic.twitter.com/a4QJkMEVNY— Ahmad Noorani (@Ahmad_Noorani) August 2, 2016
Some real estate experts say that the long term investors should not be worried about this rumour. However those people who invested for short term may face some hardships for few months.
