Advertise
Search Options
Search
Ask Your Question 
Ask Now
Prop Guide

Property Guru
7338 posts
24 best
Nadeem Ahmed

Property Guru
4896 posts
18 best
Falcon

Property Guru
4713 posts
6 best
Pakistani-1

Property Guru
3031 posts
26 best
Nasir

Property Guru
2515 posts
21 best
Abdul Qayyum

Property Guru
2385 posts
7 best
Khalid Javai

Property Guru
1977 posts
0 best
Imtiaz

Property Guru
1958 posts
12 best
Sayeein

Property Guru
1868 posts
0 best
Sheikh Abdul

Property Guru
1753 posts
16 best
Baber Rabban

Property Guru
1716 posts
16 best
Isloo

Property Guru
1529 posts
3 best
Dsa

Expert Authority
1478 posts
2 best
Syed Ibrhaim

Expert Authority
1438 posts
17 best
Arshad

Expert Authority
1189 posts
1 best
Pardesi

Expert Authority
1172 posts
8 best
Mbs

Expert Authority
1157 posts
13 best
Ht

Expert Authority
1114 posts
9 best
Irfan

Expert Authority
1112 posts
8 best
Real Estate

Expert Authority
1052 posts
3 best
Become an expert on the forum, check Forum Ranks.
Where to Buy questions and answers. All your Where to Buy questions answered by our experts and thousands of other members. Get professional Where to Buy answers to your questions. Get started by asking a new Where to Buy question now.
MBS
( 1157 posts )

[45 Answers]
New Scandal: Malik Riaz bribed Cheif Justice's son by with Rs 350 m - suo moto by CJ taken

http://www.thenewstribe.com/2012/06/06/arsalan-graft-case-sc-begins-hearing-against-cjs-son/

http://tribune.com.pk/story/389460/chief-justice-summons-his-son-on-reports-of-financial-impropriety/

    3097 days ago In Where to Buy
    Post Reply
    Arshad
    (765 posts)
    Best Answer
    That is why it is important to have regulation of the housing schemes to ensure that they keep the money raised from file owners separate, and it is only spent on development work and not for admin expenses or for anything else.

    Phase 1-6 is safe as well as phase 7, safari valley and some parts of phase 8. Basically where you have plots on the ground you are safe otherwise you are taking a big risk. I would be reluctant to buy a new launched project when I can buy an existing on the ground plot for the same price or with a little premium on top.

    Bahria has benefitted Pakistan, it has pioneered a new type of development that was aimed at affluent overseas pakistanis and their high expectations, and he made it affordable. Now Bahria is a big organisation it needs to evolve and go straight. It is unfortunately becoming a victim of ego of Malik Riaz and his desire to become a politician instead of remaining a businessman. It is also becoming a victim of his greed. At the start having a vision and taking big risks was a gamble and it worked for Bahria but doing the same again could be the undoing of Bahria Town.

    If the field was open and there was no corruption then there would be plenty of other operators like BT in the marketplace, but there aren't because of the environment in Pakistan which only favours organisations like BT and DHA. It is very difficult to make any headway there without paying bribes to people.

    The root cause is the system in Pakistan. There is a need to overhaul it. To have checks and balances and to have systems and procedures. Power needs to go with responsibility and accountability. Power corrupts and absolute power corrupts absolutely.
      3095 days ago 

      MBS
      (1157 posts)
      What's going to happen now? He has come in between the conflict of giants.
        3097 days ago 

        Arshad
        (765 posts)
        As I mentioned previously Malik Riaz has been blessed with a lot, and now he needs to start acting like a real businessman as opposed to continue acting like a don. Being a don may have helped him in the past but now only being a businessman will help him and his organisation. Some people just don't know when it is time to stop.
          3097 days ago 

          MBS
          (1157 posts)
          I have heard he has resigned as the chairman and is now in Dubai. His son is also abroad.
            3097 days ago 

            Arshad
            (765 posts)
            What a coincidence that they are both out of the country if it is true. Doesn't matter if he is no longer the chairman as it is a private family company so he will still be the head even if someone else has the title.
              3097 days ago 

              MBS
              (1157 posts)
              Arshad,

              You are probably right. But the problem with Pakistan is this corruption in politics, they will not let anyone operate without getting their share and wrap you around so bad that once plunged into it, can't rise again. And being a don is probably the way out. And he is too deep into it now. The day he pulled out, he will be history.
                3097 days ago 

                MBS
                (1157 posts)
                That's a pity. Pakistan gives true freedom to these rich men and politicians. Just book and fly. :)
                  3097 days ago 

                  MBS
                  (1157 posts)
                  You know the funny thing, last few days received a lot of compliments about Enclave and I had almost decided to buy a plot there. But now am seriously contemplating...
                    3097 days ago 

                    Arshad
                    (765 posts)
                    I understand what you are saying but there are also many other big businessmen in Pakistan that operate on a different level even if they still have to bribe the bureaucrats and politians. Asad Umer of Engro is a good example as is shaukat and janhangir tareen.

                    I would not encourage anyone to buy into BT's new projects when they have failed to even complete the old projects. Older projects are safer than newer ones. They keep launching new schemes and using other peoples money to make more money, and eventually it could be a big Ponzi scheme.
                      3097 days ago 

                      MBS
                      (1157 posts)
                      I am in no way trying to defend him. Certainly he could have done it right from the beginning or at least have shown the intention now. But the blame goes to the system too.
                        3097 days ago 

                        Post Answer (45 Answers)
                        1 2 3 4 5 >
                        Email Basket (0)
                        SEND EMAIL   REMOVE ALL