Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

NAB files another reference against Ahad Cheema

byCT Report
19/10/2018
in Business
Share on FacebookShare on Twitter

LAHORE: The National Accountability Bureau (NAB) has filed another reference against Lahore Development Authority (LDA) former director general Ahad Khan Cheema in an accountability court here for possessing assets beyond his known sources of income.

According to NAB, Mr Cheema had made property worth billions of rupees in the name of his family members. It said the suspect and his family members owned over 300 kanals of agriculture land in Hafizabad, over 190 kanals in Lahore, a flat in Hill View, Islamabad, two plots in FIA Employees Cooperative Housing Society, Islamabad, two flats and plots in Federal Government Employees Housing Foundation, Islamabad, a 10-marla plot in Faisal Town, Islamabad, two five-marla plots in Faisal Residencia Islamabad and a three-kanal plot on Bedian Road, Lahore.

You might also like

Business leaders seek greater relief for salaried class in budget 2026-27

13/06/2026

Canadian delegation visits UAF

12/06/2026

In June, NAB had filed a reference against Mr Cheema and five others over their alleged role in Ashiana Housing Scheme scam.

The five others were Bismillah Engineering Company owner Shahid Shafiq, LDA chief engineer Israr Saeed, Punjab Land Development Company (PLDC) chief engineer retired Col Arif Majeed, former PLDC chief executive officer Imtiaz Haider and PLDC official Bilal Kidwai.

In the Ashiana reference, Mr Cheema was accused of causing a loss of Rs660m to the national exchequer. The project cost ballooned to Rs3.4bn while 61,000 people who had applied for plots in the project suffered, NAB alleged.

Ahad Cheema was arrested in February over charges of misusing his authority and, with criminal intent, processing and awarding Ashiana scheme project contract worth Rs14bn to the Lahore Casa Developers, a joint venture firm that was ineligible for the same.

Related Stories

Business leaders seek greater relief for salaried class in budget 2026-27

byCT Report
13/06/2026

ISLAMABAD: Leading business representatives have expressed mixed reactions to the federal budget, arguing that the salaried class deserved greater relief...

Canadian delegation visits UAF

byCT Report
12/06/2026

FAISALABAD: A three-member delegation from the Canadian High Commission, Islamabad, visited University of Agriculture Faisalabad (UAF) to discuss the area...

Pakistan eyes $25m annual buffalo genetics exports to China

byCT Report
11/06/2026

ISLAMABAD: Pakistan has signed a Material Transfer Agreement (MTA) with China's Royal Group to export buffalo genetic material, opening a...

FILE PHOTO: The Habib Bank Limited (HBL) logo is seen on the head office building in Karachi, Pakistan, April 18, 2016. REUTERS/Akhtar Soomro/File Photo

HBL announces 3-day service shutdown following Meezan & Allied Bank

byCT Report
10/06/2026

KARACHI: Habib Bank Limited (HBL) has officially announced a temporary closure of all its services. Consequently, the massive shutdown will...

Next Post

Tractor manufacturers’ refunds mount to over Rs5b

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.