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…)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 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…)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…)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…)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…)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…)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.
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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.
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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.
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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.
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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.
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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.
ISLAMABAD: Dr. Arif Alvi, the President of Pakistan, has upheld the major penalty of dismissal from service to a senior official of National Accountability Bureau (NAB).
President Dr Arif Alvi while rejecting the appeal of ex-Assistant Director NAB, Muhammad Umair has asked the NAB to prosecute him to the maximum extent of the law on account of him being guilty of grave “inefficiency and misconduct”, and stealing 15 original deeds of property in reference no. 15/2019 (State v/s Sharjeel Inam Memon & Others).
The President upheld the maximum service punishment in law of “major penalty” of “dismissal from service”, which he considers definitely not enough considering the crime involved, a press release issued by the President’s Media Wing here on Monday said. Muhamamd Umair, ex-Assistant Director (AD), had submitted an appeal to the President of Pakistan against the orders of Chairman National Accountability Bureau (NAB) imposing a major penalty of “Removal from Service”.
Rejecting the appeal, the President stated that it was a case of blatant corruption, and was tantamount to throwing mud in the eyes of the people of Pakistan who had been betrayed. He said that Pakistan had suffered a great deal because of corrupt looters and plunderers, adding that so-called accidental fires destroy entire floors to remove every bit of evidence.
The President added that documents were stolen even in foreign countries where corruption of Pakistani politicians was being investigated.
According to the details, NAB had taken possession of 15 original deeds of property from the Secretary of Sharjeel Memon, Izhar Hussain, at the time of his arrest from his house in April 2019.
Subsequently, the documents were kept in a steel Almirah in NAB which had been specifically provided to ex-Assistant Director, who was made the sole custodian of these documents.
On 18th August 2020, the Defense Counsel claimed before the court that NAB did not possess the original documents, in response to which Umair promised to bring them to court the following day.
On 19th August, the appellant told the court that he had lost the record in his office.
This lapse resulted in the instant relief and granting of post-arrest bails to the accused persons.
According to the fact-finding report, all the record was present but only the most important 15 original documents were removed cleverly from the file and were recovered only after pressure was brought upon the NAB official.
NAB had recommended an immediate suspension of Umair, along with initiation of disciplinary proceedings under NAB Employees Terms and Conditions of Service (TCS) 2000 and proceeding under section 31(a) of National Accountability Ordinance, 1999. He was placed under suspension for three months with effect from 03-09-2020.
In the light of the report of the Fact-Finding Inquiry Committee, it was decided to proceed against the officer under clause 11.05(2) of NAB’s TCS-2002 and issued him the show cause notice. After the fulfillment of legal requirements, Chairman NAB, on the recommendations of the Authorized Officer, awarded a major penalty of “Removal from Service” on Muhammad Umair under clause 11.03(1) (b) (iii) of NAB Employees Services Rules (TCS 2002).
Subsequently, the ex-Assistant Director submitted an appeal to the President of Pakistan on 28-07-2021. While rejecting the appeal of Umair, President Dr Arif Alvi stated that the incident was shocking and documents were missing not as an accident but by deliberate action of a very corrupt official of NAB.
He expressed surprise over the timing of the theft, adding that the theft was clever and the file was not lost.
He observed that theft could not have been done by any outsider but only by someone who was totally aware of the entire case.
The President said that it was very painful case for him and the criminal action caused huge damage of billions of rupees to Pakistan, besides betraying our trust and exchanging it for corrupt money.
“I, therefore, reject the appeal and urge NAB to prosecute the individual to the best of its abilities”, the President noted.