The Chief Justice of Pakistan (CJP) Justice Mian Saqib Nisar has ordered Bahria Town to pay Rs.14 billion. The CJP criticized Bahria Town for causing losses of billions of rupees to the Pakistani exchequer. He said that the money will be taken back from Bahria Town.
Bahria Town representative was blasted by the Chief Justice. He was hearing the case of land allotment. He disclosed that the real estate developer has been involved in fraud of billions of rupees in the case of land allotment.
Chief Justice of Pakistan said, “Bahria Town owes the government billions of rupees under the head of transfer fees.”
Furthermore he said that Bahria Town gives allotment letter to the purchasers instead of sale deed andthe transfer fee & capital value tax is not paid.
The CJP revealed that according to the calculation of the court Rs. 14 billion is owed to the government by BahriaTown.
Bahria Town lawyer was informed that, “The payment of the complete fee for land registration is your responsibility.”
But the Bahria Town counsel just said that this practice is very common in the market. He shared the example of Defence Housing Authority (DHA) claiming that a similar practice is followed by DHA. On this point, the court asked the DHA representatives in the court on December 13th. On December 13th the hearing of the case will be held.