’On 16,896-acre of land’, Bahria Town’s new proposal of Rs 450b to SC
Bahria Town has submitted a new proposal of Rs 450 billion for 16,896-acre of Karachi Superhighway project after an increase of Rs 10 billion to Supreme Court (SC).
Bahria Town’s lawyer, Ali Zafar offered SC that Group would pay Rs 2.25 billion every month for five years and remaining amount would be paid in three years.
“We are willing to keep Danzoo (day and night zoo), parks and Cine Gold Cinema as a guarantee for payment”, he further informed SC.
SC while reserving its verdict on Bahria Town’s proposal will announce it on March 21.
Justice Azmat Saeed said that Court cannot suspend the ruling over transfer of land. “You will have to pay tax and government fee on it,” he said.
Bahria Town has asked for complete legal immunity of its directors and management in return for its new offer. After finalisation of deal, all criminal and civil liabilities against its “directors (past and present), shareholders, management of BTPL and/or its associated entities shall cease to exist,” according to proposal.
All “on-going inquiries, investigations by all agencies, NAB, FIA, FBR and anti-corruption in said matters is said to be ceased/waived/discharged,” according to proposal.
The Malir Development Authority lawyer said that all cases against Sindh government officials relating to Bahria Town should be waived off too.
Justice Saeed told him that Court was finalising a deal with Bahria Town, not Sindh government. “People should refrain from creating impression that Court will accept deal,” said judge.