Supreme Court of Pakistan accepts Bahria Town’s Rs.460 bln offer

By MG News | March 21, 2019 at 03:02 PM GMT+05:00

0:00

March 21, 2019 (MLN): Supreme Court of Pakistan has accepted Bahria Town’s offer to pay Rs.460 billion to acquire 16,896 acres of Karachi Super Highway, reported local media channels earlier today.

At the previous hearing, the Authorities had submitted a new proposal of Rs.450 billion for acquisition of the aforementioned land.

According to these sources, Bahria Town authorities will pay Rs.25 billion by August 25^th 2019, as down payment.

Bahria Town is bound to pay up the whole sum over a period of 7 years, after which the land’s ownership will be transferred in its name.

Furthermore, in case of failure to pay three consecutive installments, Bahria Town will be declared as a defaulter.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	132,576.99 161.03M	-0.62% -826.20
ALLSHR	82,983.68 903.36M	-0.25% -204.38
KSE30	40,358.80 56.86M	-0.72% -292.66
KMI30	190,727.32 67.92M	-0.71% -1356.60
KMIALLSHR	55,698.48 457.08M	-0.27% -149.22
BKTi	36,242.06 11.15M	-0.50% -180.82
OGTi	28,323.42 10.71M	-0.40% -114.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	111,720.00	112,170.00 111,425.00	-525.00 -0.47%
BRENT CRUDE	69.99	70.06 69.91	-0.20 -0.28%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.45 1.51%
ROTTERDAM COAL MONTHLY	108.00	109.00 107.95	0.90 0.84%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.13	68.31 68.04	-0.25 -0.37%
SUGAR #11 WORLD	16.54	16.61 16.08	0.41 2.54%