Pakistan

Bahria town properties to be auctioned on June 12

Published by
Digital Desk

ISLAMABAD: An Auction of several Bahria town properties is scheduled on June 12 at 11 am at the National Accountability Bureau regional office in Islamabad by the NAB, according to media reports.

Prominent properties such as Arena Cinema, Safari Club, Rubeish Marquee and Lawn, Bahria Garden City, Golf Course, Bahria Town Islamabad, and the Corporate Office in Phase 2 of Bahria Town shall be auctioned by the authorities.

Before the auction, purchasers will also get a special briefing at the NAB headquarters.

The initiative is a component of NAB’s continuous endeavors to retrieve assets and guarantee openness via public auctions.

Earlier, the National Accountability Bureau (NAB) had recovered over Rs 88 billion in the first quarter of 2025, according to official figures released on Saturday.

The anti-corruption body reported Rs two billion in direct recoveries and approximately Rs 86 billion in indirect recovered. mainly involving land reclaimed in corruption cases.

The recovered funds and assets were returned to the affected government departments and institutions.

A large portion of the recoveries came from housing and infrastructure scams, particularly from NAB Lahore, which recovered Rs 70 billion from the high-profile cases, including the Employees Cooperative Housing Society and Sarwar Omega Villas.

In Balochitsanh, NAB recovered 590 acres of land valued at Rs 6.4 billion while NAB KPK retrieved Rs 560 million in a case involving Swat University and government departments.

Nab sukkur reclaimed 610 acres of the National Highways Authority and Rs 8.5 billion, and NAB Multan reported Rs 13.2 million in the GFS Seven Wonders housing scheme case.

Digital Desk

Recent Posts

Farrukh Khokhar arrested after court hands down life sentence in Majid Satti murder case

RAWALPINDI: Farrukh Khokhar was arrested inside the courtroom on Monday after a Rawalpindi court sentenced…

1 hour ago

Cabinet reshuffle preparations underway

ISLAMABAD: Preparations for reshuffle in the federal cabinet have been intensified, and the possibility of…

2 hours ago

Petroleum prices lower than regional countries: Petroleum Minister

ISLAMABAD: Petroleum Minister Ali Pervaiz Malik has said that the prices of petroleum products in…

2 hours ago

Shaheen Afridi Granted NOC to Join Kandy Royals for Lanka Premier League

ISLAMABAD: Pakistan's star fast bowler Shaheen Shah Afridi has been granted a No Objection Certificate…

3 hours ago

Iranian Rial Latest Rate in Pakistan – July 13, 2026

KARACHI: The Iranian Rial continues to face significant challenges internationally due to sanctions and economic conditions. It…

3 hours ago

Latest Gold Rate in Pakistan – July 14, 2026

KARACHI: The price of gold per tola fell across the country today, according to the…

3 hours ago