Particle.news
Download on the App Store

NAB Hands Over Rs348 Million of Seized Karachi Property to Federal Estate Office

The public transfer spotlights the bureau’s drive to reclaim assets tied to corruption and place them under state management.

Overview

  • NAB Karachi formally handed four confiscated properties valued at Rs348 million to the Directorate General of Estate on Monday, July 6, 2026.
  • The assets were taken from former MNA Abdul Aziz and his wife after an accountability court sentenced each to seven years’ rigorous imprisonment and fined them Rs1 million.
  • The convictions were upheld when appeals to the Sindh High Court and the Supreme Court were dismissed, clearing the way for physical seizure and transfer of the real estate.
  • The seized sites include a house in DHA Phase V Extension, a plot in KDA Scheme-1-A Extension, and two plots in Hawke's Bay Scheme-42, placing high-value Karachi land under federal custody.
  • NAB officials used the handover ceremony to stress continued emphasis on recovering ill-gotten assets for the national exchequer and returning them to government control, which could increase available state property for management or disposal.