Real estate tycoon Malik Riaz has raised alarm bells, stating that Bahria Town’s operations across Pakistan may be forced to shut down due to relentless government pressure and a deteriorating financial situation.
Taking to social media platform X, Riaz claimed the ongoing clampdown has left Bahria Town crippled, citing the arrest of staff, seizure of employee vehicles, and complete freezing of the company’s bank accounts as reasons behind the looming collapse.
“Our daily operations are paralyzed. With no cash flow, we cannot pay salaries, provide services, or keep the system running,” he said, adding that the group is “just one step behind” a full shutdown.
He cautioned that the worsening situation threatens the jobs of tens of thousands of employees and could disrupt services to residents and investors tied to Bahria Town’s vast real estate ventures.
Earlier in the day, the National Accountability Bureau (NAB) announced plans to auction several major properties linked to Malik Riaz on August 7, intensifying legal and financial troubles for the controversial businessman.
Riaz’s post signals a potential crisis for one of Pakistan’s largest and most influential private housing developers. With massive infrastructure projects and residential communities spread across major cities, a full-scale shutdown would have wide-reaching consequences.
The billionaire businessman has often been at the center of political and legal controversies, but this latest development could mark a defining moment for the future of Bahria Town—and its stakeholders across the country.