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Ad issued to auction Ishaq Dar’s house in Lahore

Ad issued to auction Ishaq Dar’s house in Lahore
January 14, 2020
LAHORE (92 News) – The court has issued an advertisement to auction the house of former finance minister Ishaq Dar in Lahore. According to the advertisement, Ishaq Dar’s four kanal and 17 marla bungalow located in Lahore, furniture and antiques will be auctioned at 12 noon on January 28. The official bidding of the 12-room house has been fixed at Rs185 million. On November 7, Accountability Court Judge Muhammad Bashir allowed the National Accountability Bureau (NAB) to auction the property of former finance minister Ishaq Dar. Earlier, the NAB had confiscated all of Ishaq Dar’s moveable and immoveable assets, including a house in Gulberg III, Lahore; three plots in Al Falah Housing Society, Lahore; six acres of land in Islamabad; a two-kanal plot in Parliamentarians Enclave, Islam­abad; a plot in the Senate Cooperative Housing Society, Islamabad; a plot measuring two kanals and another of nine marlas in Islamabad and six vehicles. It was stated that Ishaq Dar had acquired in his name and/or in the names of his dependants’ assets worth Rs831.7m, which was disproportionate to his known sources of income. On Oct 2, 2018, Judge Muhammad Bashir had attached Ishaq Dar’s properties with the Punjab government and allowed its auction as per rules. The same month, Tabassum filed an application in the accountability court against the confiscation of the property of her husband after he was declared an absconder in the reference filed by NAB. She had contended that her husband had verbally gifted the property to her on Feb 14, 1989, in lieu of her dower amount. She said that since she had accepted the gift and was residing there, NAB had erroneously shown the property as an asset of Dar. She had requested the court to cancel the order for the auction of the property. The NAB, in reply, said that the house was registered in the name of Dar in the revenue record and was not yet transferred to the name of his spouse.