Property tycoon Malik Riaz has warned that Bahria Town may have to completely shut down its operations across Pakistan because of ongoing financial and legal troubles. Speaking on Tuesday, he said that the company is facing severe disruptions, including frozen bank accounts and halted services.
According to Malik Riaz, these problems are making it difficult to keep the business running smoothly. Staff salaries have already been delayed, and daily operations are under increasing pressure.
He added that the situation is getting worse quickly, and if things do not improve soon, a complete shutdown might be the only option left.
The challenges come at a time when Bahria Town, one of the largest real estate developers in the country, is already under close scrutiny. Authorities have announced that several properties linked to Malik Riaz will be auctioned on August 7, 2025.
A shutdown of Bahria Town would have a significant impact on thousands of employees, suppliers, and residents who depend on its projects. The company has been known for building large-scale housing and commercial developments across Pakistan, attracting both local and overseas investors.
Industry experts say that the current crisis highlights the need for better financial planning and dispute resolution in large property ventures.
For now, Malik Riaz has not given any timeline for when a final decision on the shutdown will be made, but his statement has raised concerns among stakeholders and the real estate market.
The coming weeks will be crucial in determining whether Bahria Town can overcome its challenges or face a complete closure.
