Rawalpindi — According to available information and evidence, the Multi-Professional Cooperative Housing Society was allegedly taken over in a systematic manner, and substantial amounts collected from its members were unlawfully diverted to commercial housing projects such as Faisal Town Phase 1 and Phase 2.
Sources say efforts were made to obtain a No Objection Certificate (NOC) for Faisal Town; however, the relevant authority rejected the request due to serious violations of rules and regulations. Despite this, Faisal Town—located in an area classified as a green zone and a high-risk flood-prone area—continued development activities, marketing, and the sale of residential plots and commercial units without interruption, allegedly generating billions of rupees.
Reports further indicate that billions of rupees collected from members of the Multi-Professional Cooperative Housing Society under LRTs (Long Registration Terms) and other heads—entirely public funds—were spent on land acquisition, infrastructure development, road construction, and marketing for Faisal Town. The manner in which these funds were transferred and utilized has raised serious concerns regarding transparency and accountability.
Legal and Institutional Aspects
Legal experts state that transferring land purchased with cooperative society funds into private names constitutes criminal breach of trust, abuse of authority, and potentially money laundering. They argue that the continuation of housing project activities despite the rejection of the NOC points toward criminal negligence or alleged collusion by regulatory authorities, district administration, and other state institutions.
This issue is not limited to a single housing project. In the broader context of Pakistan news today, it represents a critical test for state authority, rule of law, and public trust. Matters of transparency, accountability, and citizens’ rights also hold central importance in global politics and world news, where international bodies maintain a strict stance against illegal financial activities.
Citizens and affected members have demanded high-level and transparent investigations, a forensic audit of all financial transactions, and a complete accounting of the allegedly misappropriated funds, with those responsible brought before the law. According to experts, the outcome of this case could significantly influence the future regulatory direction of Pakistan’s housing sector.
