Bahria Town founder Malik Riaz Hussain has sought the intervention of Field Marshal Asim Munir and other senior Pakistani figures over the seizure and proposed sale of the developer’s assets, claiming the measures could affect thousands of investors, property allottees and employees.
In an appeal, Malik Riaz said Bahria Town assets valued at around Rs238.6 billion have been seized, sold or placed at risk of auction. He alleged that some properties were being disposed of at significantly reduced values while related legal proceedings were still pending.
According to the appeal, the attachment and sealing of properties and disruption of Bahria Town’s operations have created uncertainty for investors, allottees, employees, contractors and suppliers associated with its projects.
Malik Riaz also claimed that development work worth approximately Rs372 billion has been halted. He argued that the continued disposal of Bahria Town’s income-generating assets could make it more difficult for the company to finance unfinished projects and meet its obligations.
The appeal further raised allegations concerning threats against Malik Riaz and his family. It claimed he received threatening messages and was subjected to surveillance, eventually leaving Pakistan because of security concerns.
Malik Riaz said an FIR concerning the alleged threats was registered but later cancelled before being restored following court intervention. He called for an independent investigation into the alleged threats and surveillance, claiming the person accused in the case has not been arrested.
The appeal also contained allegations concerning members of his family, including claims of unlawful detention and threats. Malik Riaz alleged that his brother was missing for several months and was later found in severely poor health.
He argued that the Bahria Town dispute has wider implications because thousands of families have invested in its housing projects, while businesses, contractors, suppliers and employees rely on the company’s continued operations.
Malik Riaz called for the matter to be resolved through institutional dialogue rather than continued asset seizures and auctions. He said a negotiated settlement could help preserve resources needed to fulfill lawful financial obligations while protecting the interests of the government, investors, allottees, creditors and other stakeholders.
He maintained that his appeal does not seek exemption from the law, but a structured resolution of the outstanding disputes through legal and institutional channels.
