The National Accountability Bureau (NAB) has announced the auction of multiple high-value properties owned by real estate magnate Malik Riaz, scheduled for August 7, 2025. The move comes as part of proceedings related to the £190 million Al-Qadir Trust case.
The Islamabad High Court (IHC) has reserved its verdict on several petitions filed to challenge the planned auction of these Bahria Town properties. Despite legal objections, NAB has confirmed the auction will proceed at its Rawalpindi office, located in G-6/1, Islamabad.
Among the key assets set to go under the hammer are major commercial and recreational facilities within Bahria Town Rawalpindi and Islamabad. These include:
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Bahria Town Corporate Office II, Plot No. 7-D, Park Road, Phase II, Rawalpindi
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Bahria Town Corporate Office, Plot No. 7-E, Park Road, Phase II, Rawalpindi
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Rubbish Market & Lawn, near Bahria Garden City Golf Course, Islamabad
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Arena Cinema, Plot No. 984-Broad-A, Phase IV, Rawalpindi
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Bahria Town International Academy, Jasmine Street & Silver Oaks Road, Zero Villas I, Rawalpindi
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Safari Club, Plot No. 27, Safari Villas, Bahria Town, Rawalpindi
These properties were previously attached as part of NAB’s investigation into the Al-Qadir Trust case and a subsequent plea bargain involving Malik Riaz. The auction marks a significant step in the bureau’s efforts to recover public assets through legal proceedings.
Further developments will depend on the Islamabad High Court’s decision, which is currently pending.
