A well past 3 decades, Pakistan was lacking a state of the art society which could match the living standard of other developed countries. With the rise of Malik Riaz (Owner of Bahria Town) in the real estate industry of Pakistan, a new society came into existence. This society not only provided luxury living to people but also gave overseas Pakistanis the chance to invest in their home country. One of the most notable things about this society is that it is the biggest and the sole society in the whole Asia of this standard.
Malik Riaz launched Bahria town on 14th of January 1997. Before that there was no concept of community living in Pakistan and in the whole Asia. He was the first one to introduce this kind of living. Till date Bahria Town has 160,000 employees. This huge number of employs is itself contributing to Pakistan’s economy.
Talking about Overseas Pakistanis, Bahria Town and DHA were the two societies in which there was a huge footfall of overseas investors. It was solely because of the modern living standard of these societies and the trust Malik Riaz had gained over the years.
Fast-forward to 2023 where Bahria Town is the most established and well maintained society of Pakistan, Malik Riaz is in Dubai. Why is he there for over a year now? We all know the political situation of over country was unstable from the past 3 years, which also affected the businesses and the people who were actively involved in the political and businesses arena. Now coming to the main point, Pin92 has got some news which is yet to be confirmed.
Bahria Town Shifting to Dubai?
Sources told that Malik Riaz is planning to buy a huge area of land in Dubai. The purpose is yet to be disclosed for that land but sources are indicating towards the launch of Bahria Town in Dubai over that land which Malik Riaz is planning to buy. Is it good or bad for Pakistan? An overview in which we can see is that overseas Pakistanis who were investing in Pakistan will now turn their faces to Dubai which would be a huge loss for Pakistan economically and in the real estate sector.
As one of the biggest real estate company in Pakistan, Pin92 understands the importance of negotiations and we pledge the government to sort this matter on urgent basis so that the Pakistani brand like Bahria Town can say in Pakistan for the betterment of our own homeland.
