Six-month recoveries reach record Rs5.41 trillion as anti-corruption watchdog intensifies asset recovery drive.
(more…)Tag: NAB
-
NAB introduces comprehensive real estate reforms to ensure transparency
Chairman says new measures will regulate property transfers, curb cash dealings and improve investor protection.
LAHORE: The National Accountability Bureau (NAB) has announced sweeping reforms in the real estate sector aimed at improving transparency, protecting investors, and facilitating ease of doing business in Pakistan.
(more…) -
NAB freezes two foreign currency accounts linked to Bahria Town in money laundering case
Two Mauritius-based accounts holding $4.5 million frozen as NAB pursues asset recovery under anti-money laundering laws
The National Accountability Bureau (NAB) Karachi has frozen two foreign bank accounts linked to Bahria Town executives Ahmed Ali Riaz and Mubashira Ali Malik as part of an ongoing investigation into alleged international money laundering.
(more…) -
NAB makes major seizures of Bahria Town land in Sindh
NAB freezes thousands of acres linked to Bahria Town Karachi and seals ‘Ali Villa’ in ongoing land inquiries
Pakistan’s anti-corruption watchdog has taken possession of large tracts of land linked to Bahria Town projects in Sindh and sealed a luxury property allegedly associated with property tycoon Malik Riaz Hussain, according to an official statement issued on Tuesday.
(more…) -
NAB Karachi freezes Bahria Town luxury mansion, thousands of acres of land
Anti-graft body alleges illegal occupation and fraudulent purchase of government land linked to Bahria Town Karachi
The National Accountability Bureau Karachi has frozen a luxury mansion allegedly linked to property tycoon Malik Riaz Hussain along with thousands of acres of land associated with Bahria Town Karachi in connection with alleged illegal occupation and purchase of government land.
(more…) -
National Accountability Bureau Recovers Nearly Rs3 Trillion in Q1 2026
Islamabad, April 29, 2026 — The National Accountability Bureau (NAB) reported a record recovery of approximately Rs2.96 trillion during the first quarter of 2026, reflecting a dramatic surge in performance driven by reforms and targeted enforcement strategies.
(more…) -
NAB recovers 350 acres of prime government land in Karachi worth Rs423.5bn
Karachi, February 27, 2026 – In a major breakthrough against illegal land allotment and administrative corruption, the National Accountability Bureau (NAB) has successfully recovered 350 acres of high-value government land in Karachi, with an estimated market worth of Rs423.5 billion. The reclaimed property, located in the highly sought-after Clifton Block-I and Block-II areas, marks one of the largest land recoveries in Pakistan’s recent history.
(more…) -
NAB Discloses Huge Capital Outflow Seeking Citizenship Abroad
Karachi, February 12, 2025 – The National Accountability Bureau (NAB) on Wednesday revealed alarming statistics regarding capital outflows, highlighting that a significant number of Pakistanis had moved abroad last year, transferring substantial sums to secure foreign citizenship.
(more…) -
NAB to Drop Unnecessary Cases Against Business Community
Karachi, January 16, 2024 – The National Accountability Bureau (NAB) has taken a positive step towards fostering a supportive environment for the business community by agreeing to drop unnecessary cases.
(more…) -
President Alvi retains major penalty on NAB official
ISLAMABAD: The President of Pakistan, Dr. Arif Alvi, has rejected the appeal of a NAB official to set aside the major penalty awarded to him over unlawful communication of official information for benefits of corruption.
He also directed NAB to proceed against other officers involved in such cases and if found guilty punish them for doing corruption within the very institution that was responsible for controlling corruption.
READ MORE: President Alvi directs bank to refund unfair recovery
Noman Iqbal, Assistant Private Secretary (BS-16) had been awarded the major penalty of “reduction to a lower post for a period of five years” after it was proven that he copied and shared official information with unauthorized individuals.
National Accountability Bureau (NAB), Karachi had conducted a fact-finding inquiry, based on a source report, under which confidential record was found in the mobile phone of appellant, which he was otherwise not authorized to hold.
READ MORE: President Alvi rejects FBR plea in maladministration cases
NAB had recommended initiating disciplinary proceedings against Iqbal. Initially, the matter was probed by Chairman Inspection and Monitoring Team, NAB (HQ), which revealed that Iqbal was involved in unlawful communication of official information inside and outside NAB in connivance with two other officials of NAB, Karachi.
An inquiry committee was also constituted to probe into the matter that found the appellant guilty on charges of “misconduct” and “disclosure of official secrets”.
A forensic analysis of appellant’s phone also found chats and documents which proved that he had copied and shared information with unauthorized individuals. Afterwards, Iqbal was awarded the penalty of reduction to a lower post for five years and two other officers involved were also penalized.
READ MORE: Dr. Alvi orders action over misconduct with 82-year taxpayer
Iqbal then submitted an appeal to the President, being the Appellate Authority, under NAB Employees Services Rules (TCS-2002) to set aside the major penalty.
Chairman NAB through a summary, circulated through the Ministry of Law and Justice and endorsed by the Prime Minister, requested that the appeal of Iqbal may be rejected. President Dr Arif Alvi upheld the original decision on the grounds that Iqbal had not provided any cogent reason or additional justification to recall the earlier decision of major penalty.
READ MORE: Dr. Alvi rejects banker’s plea in woman harassment case
He emphasized that for such individuals this penalty does not do justice and wished that the punishment should have been harsher. “I direct NAB to complete the investigation against other officers involved and if found guilty punish them for the wrong done to the country and tarnishing its image,” the President noted while rejecting the appeal.