The government has initiated the process to auction the Lahore residence of Pakistan Muslim League-Nawaz (PML-N) leader and former finance minister Ishaq Dar, which was confiscated by the National Accountability Bureau (NAB) in an assets beyond means case earlier.
According to The Express Tribune, the government on Tuesday advertised the auctioning of the house on January 28, which would allow the highest bidder to take its possession. The district government has set a minimum price of Rs185 million.
Located in the H-Block of Lahore’s posh Gulberg neighbourhood and spreading over four kanals, the house comprises 12 rooms. It was sealed by the district government on NAB orders three months ago. Dar’s wife had challenged the order, but in November 2019, an accountability court had dismissed her petition.
Tabassum Ishaq Dar had contended that the house was owned by her as it was given to her by Dar on February 14, 1989. The court had ruled that Tabassum had failed to prove that the property was gifted to her, and upheld NAB’s decision to confiscate the property.
Dar, who is currently in London, has been absconding court proceedings since 2017 following the registration of the corruption reference against him. NAB has also confiscated his various bank accounts worth Rs500 million.
