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Grand Hayat : Facts Are Facts

34 0
05.05.2026

What is the reason that when the law knocked at the doorstep of the elite at the Grand Hyatt Tower Islamabad in Islamabad, sections of the media reacted with visible anger? Why have some journalists taken such a strong position on this issue? If the law is being enforced, what exactly is the problem, and why this reaction?

Let us take a closer look.

According to the facts that have emerged so far, in 2005, the Capital Development Authority allotted 13.5 acres of land for a five star hotel project, which BNP secured for Rs 4.8 billion, receiving possession after paying only 15 percent, yet failing to make further payments and instead repeatedly seeking rescheduling.

The case went to court, and in 2019, the Supreme Court of Pakistan directed BNP to pay Rs 17.5 billion to restore the lease, but the company has so far paid only Rs 2.9 billion and remains in default of Rs 14.5 billion, leading to the cancellation of the lease in 2023.

Apart from non payment, BNP also violated the agreement by constructing 263 residential flats on the site, despite CDA placing clear notices warning that buyers in this disputed project would be responsible for the consequences, yet buying and selling........

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