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Wednesday, August 6, 2025

Malik Riaz: Bahria Town Faces Collapse as Accounts Frozen, Staff Arrested

Bahria Town, Pakistan’s largest real estate developer, has nearly shut down nationwide operations after staff arrests, frozen accounts, and asset seizures crippled its cash flow. Founder Malik Riaz warns of stalled projects, unpaid salaries, and calls for arbitration to resolve the crisis.

Bahria Town, Pakistan’s largest real estate developer, has announced a near-complete halt in operations across the country, citing what it calls intense and unprecedented pressure from government authorities.

In a series of posts on X (formerly Twitter), founder Malik Riaz revealed that staff members have been arrested, bank accounts frozen, and company vehicles seized—bringing essential services and salary payments to a standstill.

“Our cash flow has been completely crippled,” Riaz stated. “We can no longer provide routine services, nor pay salaries to our tens of thousands of employees.”

Current Impact:

  • Over 50,000 employees affected nationwide

  • Trillions of rupees in citizen investments frozen in Karachi, Lahore, and Islamabad

  • Commercial projects worth hundreds of billions left incomplete

  • Thousands of families facing uncertainty and severe psychological stress

Expressing regret over the difficulties faced by residents and stakeholders, Riaz highlighted Bahria Town’s two-decade-long contributions, including world-class housing projects, major job creation, and significant tax contributions to the national economy.

Calling for a constructive resolution, he assured:
“We are ready to engage in any arbitration process and will fully comply with its outcome. If a payment is required, we will make it—God willing.”

He concluded with a message of determination, affirming that despite the crisis, Bahria Town will not “exit silently” and remains committed to serving Pakistan with dedication and sacrifice.