The NAB began the extradition process in January 2025. Malik Riaz is currently residing in the UAE, while Ali Riaz serves as the chief executive of Bahria Town. Both have faced multiple legal cases, including the Al-Qadir Trust case.

Key facts:

• Malik Riaz agreed to forfeit £190 million to Britain’s National Crime Agency (NCA) in 2019.
• The NCA returned these funds to Pakistan, central to a corruption case against ex-premier Imran Khan.
• The NAB chairman acknowledged challenges in bringing Malik and Ali Riaz back to Pakistan.

Malik Riaz is 72 years old, while Ali Riaz is 48. Their real estate ventures have drawn scrutiny over allegations of corruption. The NAB reports indicate substantial amounts of alleged fraud linked to various housing projects.

In the first quarter of 2026, the NAB recovered 2,962 billion rupees related to different corruption cases. This includes:

• 76.12 billion rupees alleged embezzlement in the Bahria Icon Karachi case.
• 152 billion rupees alleged fraud in the Bahria Golf City Islamabad case.
• 335 billion rupees alleged fraud related to the Takht Pari case.

Lt Gen (retd) Nazir Ahmed stated, “Today I am giving you breaking news that Interpol has issued a red notice against Malik Riaz and Ali Riaz.” However, he also noted that Dubai’s relationship with Pakistan could complicate matters further.

The claim regarding the Red Notices could not be independently verified through Interpol. As this situation develops, the focus remains on how Pakistan will navigate these legal challenges.

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The National Accountability Bureau (NAB) confirmed the issuance of the notices during a press briefing. NAB Chairman Lt Gen (retd) Nazir Ahmed stated that bringing Riaz back to Pakistan would be a challenge. He noted that the process to extradite both Riaz and his son began in January 2025.

Malik Riaz, aged 72, is the founder and chairman of Bahria Town, while his son Ali, 48, serves as the chief executive. The pair have faced multiple legal issues over land acquisition tactics used for their real estate projects.

In 2019, they agreed to forfeit £190 million to Britain’s National Crime Agency (NCA), which later returned the funds to Pakistan. This money became central to a corruption case against former Prime Minister Imran Khan.

Riaz had appealed in August 2025 for an opportunity to return to dialogue regarding his legal troubles. However, officials have not confirmed whether he will receive such an opportunity amidst these developments.

The announcement of the Red Notices has raised questions about potential extradition procedures. A Red Notice serves as a request circulated by Interpol to law enforcement agencies worldwide to locate and provisionally arrest individuals pending extradition.

Yet, there are uncertainties surrounding this situation. The claim of Interpol issuing Red Notices could not be independently verified at this time.

This latest action against Malik Riaz and his son adds another layer to their complex legal battles involving significant sums and high-profile allegations.

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Before the recent developments, there was an expectation that the government would manage petrol prices effectively, ensuring they remained stable for the benefit of the common man. However, this expectation has been shattered with the latest increase in petrol prices by Rs 55, which has significantly impacted household budgets across the country, including Bahria Town.

The decisive moment came when the government announced an increase in the petrol levy by Rs 20, bringing the total levy per litre to Rs 105. This change has led to a total collection of Rs 2600 billion from the public through petrol levies over the past two years. The immediate effect of these changes has been a strain on the finances of many households, as highlighted by PPP MNA Sharmila Farooqui, who stated, “High petrol prices have robbed the people of the joys of Eid.”

In response to the rising costs, Jamaat-e-Islami (JI) emir Hafiz Naeem-ur-Rehman has called for the withdrawal of the free petrol facility for ministers and government officials, arguing that the government is burdening the people to hide its incompetence. He emphasized that the salaried class is already paying taxes, questioning who will collect taxes from the elite.

The impact of rising petrol prices reaches every kitchen, affecting the common man in Bahria Town and beyond. As prices soar, the economic burden on families intensifies, leading to increased public discontent. The recent increase in petrol prices has not only affected household budgets but has also sparked a broader conversation about economic policy and government accountability.

On a different note, an earthquake measuring 5.3 on the Richter scale struck the Hindu Kush mountain range, with its effects felt in Malakand, Shangla, and Buner. Fortunately, there were no reports of loss of life or property due to this seismic activity, which occurred at a depth of 216 kilometers.

While the earthquake did not cause immediate harm, the ongoing economic challenges, particularly the rising petrol prices, continue to dominate discussions among residents. As the government faces mounting pressure to address these issues, the voices of concerned citizens grow louder.

Details remain unconfirmed regarding any further developments in the government’s response to the rising petrol prices. However, the situation remains fluid as stakeholders from various sectors continue to advocate for relief measures.

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