Malik Riaz Says Bahria Town Could be Shut Down Soon

Controversial property tycoon Malik Riaz Tuesday said that the situation has reached a point where we are being forced to completely shut down all Bahria Town activities across Pakistan. In a post on X, the property tycoon said that due to the arrest of dozens of staff members, freezing of all the company’s bank accounts, the seizure of staff vehicles, and other stringent measures, Bahria Town’s operations across the country have been severely paralyzed. Our cash flow has been completely destroyed, it has become impossible to provide daily services, we are unable to pay the salaries of our tens of thousands of staff, and the situation has reached a point where we are being forced to completely shut down all Bahria Town activities across Pakistan, Riaz said. We are certainly one step behind this last step, but the situation on the ground is getting worse by the minute, he warned. Earlier in the day, the National Accountability Bureau (NAB) announced that it will auction multiple high-profile properties belonging to real estate tycoon Malik Riaz on August 7, 2025.