In a recent development, the National Accountability Bureau (NAB) has temporarily frozen 457 immovable properties across Pakistan as part of an ongoing investigation into the Malir land allotment case. Some of the frozen assets are associated with Bahria Town Pvt. Ltd., a company within the broader real estate ecosystem in Pakistan, including past transactions related to land in Karachiโs Malir district.
What Is the Case About?
The freeze order stems from a NAB investigation into the alleged illegal transfer of approximately 16,896 acres of public land in Malir. According to NAB, this land was originally reserved for government use or development under public institutions and was allegedly transferred and commercialized in violation of regulations.
Under Sections 12 and 34A of the National Accountability Ordinance (NAO) 1999, NAB has the authority to prevent disposal or transfer of properties suspected to be connected with ongoing corruption investigations. Although the freeze is initially set for 15 days, legal precedent allows such orders to remain in effect until reviewed by an accountability court.
The case is currently pending before a court in Karachi, where NAB has submitted the relevant documentation for judicial confirmation.
The list of frozen properties includes:
- Residential and commercial plots in Rawalpindi, Islamabad, Karachi, Lahore, and Nawabshah.
- Properties registered under individuals including Ahmed Ali Riaz, Zain Malik, and other associates.
- Land assets belonging to Bahria Town Pvt. Ltd., an independent developer.
This freeze is part of a broader investigation that includes the Al Qadir Trust case and other inquiries into real estate transactions involving government land. Legal actions are being taken against multiple individuals, including prominent developers and former officials.
Taz Group recognizes the seriousness of this development and its impact on public trust in the real estate sector. We remain committed to:
- Operating transparently
- Complying with all regulatory frameworks
- Upholding ethical real estate practices across our projects
Taz Group continues to focus on delivering value to our clients, partners, and communities, and supports measures that bring greater accountability and structure to the industry.
