Supreme Court Accepts Rs 460b offer for bahria town karachi
The Supreme Courtroom (SC) on Thursday ordered the final outcome of most legal proceedings against Bahria Town Karachi after accepting the Rs460 billion offer created by the true estate develop earlier and allowed the business to keep work in Karachi.
The apex court in addition has halted the Country wide Accountability Bureau (NAB) from filing any references against Bahria Town and allowed the business to market their plots in the metropolis.
Based on the order, NAB must seek approval from the very best court before going after any case against Bahria Town or the Sindh authorities.
The apex court also instructed Bahria Town Karachi to pay the total amount in installments over another seven years.
“Bahria Town Karachi can pay the first installment of Rs25 billion by August 27,” the courtroom said.
Sindh’s advocate general suggested through the hearing that the money should be deposited by Bahria Town in to the accounts of the provincial federal government.