Karachi Evacuee Trust Property Worth Rs. 2 Billion Reclaimed by FIA
The Federal Investigation Agency (FIA) Anti-Corruption Circle Karachi has reclaimed Evacuee Trust property worth Rs. 2 billion in Bhim Pura, … Read More The post Karachi Evacuee Trust Property Worth Rs. 2 Billion Reclaimed by FIA appeared first on ProPakistani .
On February 29, 2024, the Federal Investigation Agency's (FIA) Anti-Corruption Circle in Karachi reclaimed Evacuee Trust property valued at Rs. 2 billion in Bhim Pura, Nishtar Road. During the operation, authorities seized 160 shops and seven warehouses on Evacuee Trust Property No. LR-2/1/2. Subsequently, the seized property was transferred to the Evacuee Trust Property Board (ETPB).
An FIA spokesperson revealed that the tenants occupying the property had accrued outstanding payments amounting to approximately Rs. 100 million. The spokesperson emphasized that the operation aimed to eliminate illegal possession of Evacuee Trust property and safeguard government assets. The FIA stated that similar operations to protect government and Evacuee Trust properties are ongoing in Karachi.
Additionally, the spokesperson confirmed that the agency and relevant authorities are taking measures against illegal occupants as part of continuous efforts to recover state-owned properties. Notably, the FIA had previously reclaimed Evacuee Trust property worth over Rs. 60 million in Karachi's Jodia Bazaar.
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