PDA is asked to stop Bahria Town from using the term 'Bahria' in Peshawar.
PESHAWAR -- The Bahria Foundation has strongly objected to the use of term 'Bahria'for housing projects by a private housing authority and called upon the Peshawar Development Authority (PDA) to disallow this practice in Peshawar. The letter of the Bahria Foundation (BF) has surfaced few days after Bahria Town took its first step for bringing a housing project in Peshawar by inaugurating office for this purpose. The letter addressed to Director General Private Housing Schemes in PDA states that Bahria Foundation was set up in 1982 for welfare of Shuhada and personnel of Pakistan Navy (PN). With objective to ease out housing constraints of PN personnel, BF entered a joint venture with Hussain Global Associates (Pvt) Limited (HGA), a company owned by Malik Riaz Hussain in 1995.
The BF and HGA agreed to form housing societies primarily for PN personnel in Lahore and Islamabad. Certain conditions were set, including payment of royalty, were set for the use of name Bahria by the company and subsequently a joint venture company with the name of Bahria Town Private Limited (BTPL) was registered in 1995. The letter said that in 1999 the BTPL defaulted on royalty payment and the NAB also informed the BF about alleged involvement of Malik Riaz Hussain in illegal acquisition of land. Consequently, both the parties entered in Extrication Agreement in 2000 under which it was agreed that the name of Bahria would not be used for projects in Lahore and...
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