PAKISTAN: Bahria Town founder Malik Riaz Hussain has appealed to Pakistan’s top leadership to intervene over what he describes as the forced seizure and auction of Bahria Town assets, warning that continued legal actions could have serious consequences for investors, employees, allottees, and the country’s real estate sector.
In a detailed representation, Malik Riaz claimed that Bahria Town properties with an estimated market value of Rs238.6 billion have either been attached, taken into possession, or placed under auction proceedings despite multiple legal cases remaining pending before the courts. He argued that the continued disposal of key assets has disrupted business operations, suspended development activities, and created uncertainty for thousands of stakeholders linked to the company’s housing projects.
The appeal further states that approximately Rs372 billion worth of development projects remain stalled, raising concerns over the company’s ability to complete infrastructure, residential, and public utility works if its core assets continue to be sold.
Appeal Seeks Independent Probe Into Threat Allegations and Calls for Institutional Dialogue
Malik Riaz also alleged that he and his family were subjected to threats, surveillance, and intimidation, claiming these security concerns ultimately forced him to leave Pakistan. The appeal states that although a First Information Report (FIR) regarding the alleged threats was restored by the High Court after initially being cancelled, no independent investigation has yet been conducted, and the accused remains at large.
The document also raises allegations concerning the treatment of members of Malik Riaz’s family, calling for an impartial investigation into the reported incidents.
Emphasising that the dispute extends beyond a private corporate matter, Bahria Town argued that thousands of families have invested in its projects and that continued asset seizures could trigger wider financial losses, legal disputes, and instability in Pakistan’s property market.
Malik Riaz urged authorities to resolve outstanding disputes through institutional dialogue rather than continued asset confiscation, stating that a negotiated settlement would help protect the interests of the state, investors, allottees, creditors, and other stakeholders while enabling the company to meet its legal and financial obligations.