The orders for attachment were passed by the Benami Transaction (Prohibition) Zone-I Islamabad and Benami Zone-III Karachi. The properties have been attached for a period of three months and during this time, all the parties will have time to explain their positions before an adjudicating authority.
In case it is proven that these are, indeed, benami properties, the government will have the right to confiscate these properties and the culprits can face up to seven years of rigorous imprisonment, apart from a fine equalling 25% of the fair market value of the property.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
