Real estate magnate Malik Riaz has issued a stark warning about the future of Bahria Town, stating that the company may soon be forced to halt all operations across Pakistan. The alarming statement was made on social media, where Riaz outlined the escalating financial and operational constraints that have nearly crippled one of the country’s largest private housing developers.
According to Riaz, the company’s financial structure has been devastated by ongoing legal and administrative actions. These include the freezing of Bahria Town’s bank accounts, the arrest of dozens of staff members, and the seizure of employee vehicles. As a result, day-to-day functions have become unsustainable.
“Our cash flow has been completely destroyed. It has become impossible to provide daily services or pay salaries to tens of thousands of our employees,” Riaz stated. “We are only one step away from completely shutting down all Bahria Town activities nationwide.”
He emphasized that while the decision to cease operations has not yet been finalized, the situation is deteriorating rapidly, and a shutdown appears increasingly likely if conditions do not improve.
Mounting Pressure from Authorities
The statement follows fresh actions taken by the National Accountability Bureau (NAB), which earlier announced plans to auction multiple high-value properties linked to Malik Riaz. The auction is scheduled for August 7, 2025, and is part of ongoing investigations and recovery efforts against the property tycoon.
The government’s tightening grip on Riaz’s assets appears to be part of a broader accountability campaign, with Bahria Town facing increasing legal and regulatory hurdles. The company’s operational paralysis now threatens the livelihoods of thousands of employees, as well as services to residents in various Bahria Town projects across cities like Karachi, Lahore, and Rawalpindi.
Impact on Employees and Residents
With thousands of staff reportedly unpaid due to frozen assets, uncertainty looms large for those employed by Bahria Town. Additionally, residents living in Bahria Town developments are beginning to feel the strain, as services such as waste management, water supply, and security could soon be interrupted.
Riaz noted the emotional and financial toll of the current crisis, urging for reconsideration of the stringent measures being applied to the organization.
Uncertain Future
While no official shutdown has occurred yet, the possibility remains imminent. If Bahria Town ceases operations, the effects could ripple throughout Pakistan’s real estate sector, affecting homeowners, contractors, suppliers, and thousands of employees.
Industry analysts believe the situation may also lead to investor concerns and a general slowdown in real estate activities, particularly in gated communities modeled after Bahria Town.
The coming days are expected to be crucial, as all eyes remain on whether a resolution can be reached before a complete shutdown becomes reality.
