Supreme Court accepts Bahria Town Karachi’s Rs460 billion offer
#GEOBREAKINGNEWS - SC accepts Bahria Town Karachi’s Rs460 billion offer | #GEONEWS ISLAMABAD: The Supreme Court of Pakistan on Thursday accepted Rs460 billion settlement offer from Bahria Town Karachi to be paid over seven years for land it occupies in the Malir District. The top court has restrained the National Accountability Bureau (NAB) from filing references against concerned individuals unless Bahria Town defaults on payment. Last week, the Supreme Court had reserved its ruling on whether or not to accept an offer of Rs450 billion from Bahria Town to settle case pertaining to its Malir or Karachi Super Highway project. The amount was increased to Rs460 billion today and accepted. Bahria Town Karachi will be required to pay the entire amount over seven years. It will have to make a down payment of Rs25 billion by August 27 this year. From September onward, it will have to pay monthly instalments of Rs2.25 billion for the next three years. After three years, Bahria Town Karachi will have to pay a four per cent markup in case of late instalments. A three-judge bench of the apex court had taken up implementation of its May 4, 2018 judgement in which grant of land to Malir Development Authority by the Sindh government, its exchange with the land of Bahria Town and anything done under the provisions of the Colonisation of Government Land Act 1912 by the provincial government was termed illegal. #GEOSPECIALREPORT #PAKISTANNEWS
View on YouTube
Friday, March 22, 2019
Home »
Geo News
» New video by Supreme Court accepts Bahria Town Karachi’s Rs460 billion offer Geo News on YouTube
New video by Supreme Court accepts Bahria Town Karachi’s Rs460 billion offer Geo News on YouTube
Related Posts:
New video by Pakistan test matches ki series aik aik se brabar kernay me kaamyab Geo News on YouTubePakistan test matches ki series aik aik se brabar kernay me kaamyab Geo Pakistan aims to deliver news from every genre with the main focus firmly resting on hard, political and national news. Taking inspiration from a newspap… Read More
New video by Tokyo me Paralympics ka aghaz Geo News on YouTubeTokyo me Paralympics ka aghaz Geo Pakistan aims to deliver news from every genre with the main focus firmly resting on hard, political and national news. Taking inspiration from a newspaper, Geo Pakistan aspires to cover and … Read More
New video by Pakistan ki Javelin throw champion Fatima Hussain Geo Pakistan ki mehmaan Geo News on YouTubePakistan ki Javelin throw champion Fatima Hussain Geo Pakistan ki mehmaan Geo Pakistan aims to deliver news from every genre with the main focus firmly resting on hard, political and national news. Taking inspiration from a n… Read More
New video by Geo Headlines 11 AM | 25th August 2021 Geo News on YouTubeGeo Headlines 11 AM | 25th August 2021 #GeoHeadlines 11 AM | 25th August 2021 | #GEONEWS Watch LiveStream: https://www.youtube.com/watch?v=qKaWsr-9aUE For More Videos Subscribe - https://www.youtube.com/geonews Visit our Webs… Read More
New video by Miftah Ismail ka party se Isteefa N league k liye bara dhachka Geo News on YouTubeMiftah Ismail ka party se Isteefa N league k liye bara dhachka Geo Pakistan aims to deliver news from every genre with the main focus firmly resting on hard, political and national news. Taking inspiration from a newspaper, G… Read More
0 comments:
Post a Comment