Bahria Town auction will proceed after the Islamabad High Court dismissed four petitions seeking to halt the NAB’s sale of properties linked to Malik Riaz.
The court upheld NAB’s recovery drive in the fake bank accounts and UK National Crime Agency matters.
A two member bench led by Chief Justice Aamer Farooq heard arguments on 4 August and reserved its decision.
The written order, issued later, maintained the auction process and rejected Bahria Town’s pleas.
Bahria Town auction: six prime assets, single venue, firm timeline
NAB Rawalpindi will conduct the sale on 7 August 2025 at its office in Sector G-6/1, Islamabad.
The portfolio includes two corporate offices in Bahria Town Phase II (Plots 7-D and 7-E) in Rawalpindi.
Rubash Marquee and Lawn in Bahria Garden City, Arena Cinema on Plot 984 in Phase IV Rawalpindi.
Bahria Town International Academy in Safari Villas I, and the Safari Club on Plot 27 in Bahria Town Rawalpindi.
Bahria Town’s counsel Farooq H. Naek argued the attachment and sale exceeded the bureau’s powers.
NAB’s special prosecutor Muhammad Rafiq Maqsood defended the action as a lawful step to recover public money.
The bench sided with the regulator, finding the auction within mandate.
With the injunctions lifted, the sale timetable remains intact.
Proceeds will be deposited against liabilities identified in the broader recovery effort.
The ruling tightens scrutiny on high value real estate tied to major investigations.
For buyers, the Bahria Town auction offers rare, titled assets under a court cleared process.
For the state, it is a test of how quickly enforcement can turn paper recoveries into cash.
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