Sindh has received the initial Rs6 billion installment from the amount deposited by Bahria Town with the apex court

The first installment of Rs6 billion, out of the total Rs65 billion deposited by Bahria Town Karachi with the Supreme Court, has reportedly been received by the Sindh government.

This follows the court’s directives in the Bahria Town implementation case, revealing a significant development in the ongoing legal proceedings.

In a groundbreaking decision, Chief Justice of Pakistan Qazi Faez Isa and the three-judge Supreme Court bench addressed the complex Rs460 billion settlement case involving Bahria Town Karachi.

The court allocated Rs35 billion to the federal government and Rs30 billion to the Sindh government from the overall settlement amount.

As part of the court’s directive, the National Bank of Pakistan was tasked with providing a certified complete bank statement for the account involved.

Additionally, a separate certificate, bearing the signatures of the Bank Manager and the President of the National Bank of Pakistan, specifying the remitted amounts to the Government of Pakistan & Sindh and confirming the closure of the account was mandated by the Supreme Court.

Sources disclosed on a recent Wednesday that the provincial government had received advice indicating the transfer of Rs6 billion to its account.

They also noted that the decision regarding the utilization of this amount would be made by interim Chief Minister retired Justice Maqbool Baqar after consulting with members of his cabinet.

In 2019, the Supreme Court accepted an offer from Bahria Town to pay Rs460 billion over a seven-year period for the acquisition of 16,896 acres near Karachi’s Superhighway.

Despite the real estate giant depositing approximately Rs65 billion over the years, it later approached the court for the resettlement of the remaining amount.

However, a recent ruling by the apex court concluded that Bahria Town had not fulfilled its commitment of depositing agreed-upon installments in the Supreme Court account for a significant period, leading to the declaration of default on the consent order.

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