NAB and FIA to Reopen Investigation into Islamabad's Most Luxurious Real Estate Project

National Accountability Bureau (NAB) and Federal Investigation Agency (FIA) are Pakistan’s law enforcement agencies but have different mandates and responsibilities.

NAB is an independent anti-corruption organization established in 1999 to investigate and prosecute corruption, economic crimes, and financial fraud in Pakistan. On the other hand, FIA is a federal law enforcement agency that is responsible for investigating and enforcing federal laws and regulations in Pakistan, including those related to terrorism, cybercrime, economic offenses, and immigration. 

While both NAB and FIA are involved in investigating and prosecuting financial crimes, their mandates and focus areas differ. NAB primarily focuses on cases of corruption and economic offenses, while FIA has a broader license that covers a range of federal laws and regulations. In this news, we tell you the NBA and FIA reopened the investigation into Islamaabd’s Most Luxurious Real Estate Project. 

NAB and FIA to Reopen Investigation into Islamabad's Most Luxurious Real Estate Project

The PAC has directed the FIA and NAB to reopen the case related to one constitution, a luxury real estate project in Islamabad. In the latest press release, the PAC has directed authorities that if a business fails to pay its bills, the government may freeze its assets, put its members on the Exit Control List, and cancel their CNICs (ECL).

The committee also directed the Capital Development Authority to assume management of the building and terminate the employment of the defaulting property owner. However, any illegal construction in the building should be discontinued immediately. Since the land’s owners had not paid the required Rs 14 billion, the lease was terminated.

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Manahil Tariq
Manahil Tariq

Manahil Tariq, A content writer and copywriter with over 2 years of experience. Throughout her career, she worked with a diverse group of clients from around the world. She also works with real estate firms and marketing agencies. Writing is where her skills and expertise really shine.

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