Dawn News about Behria Town.!

The Supreme Court has rejected an application of Bahria Town (Pvt) Ltd Karachi (BTLK) seeking a three-year delay in the payments of the total Rs460 billion that it had agreed to pay for purchasing prime land in Karachi.
In its plea filed on Tuesday, BTLK had sought freezing of the payment plan issued by the SC in view of pandemic-related recession, requesting that the payment of Rs2.5bn monthly instalments be deferred for three years — till September 2023.
The BTLK counsel argued in the court today that businesses the world over had been devastated due to the coronavirus pandemic. They said that BTLK’s operations had been badly harmed by the economic downturn as well.
But the bench remained unconvinced, with Justice Akhtar remarking that the “Supreme Court is not a bank where concession can be obtained through negotiations.”
The court subsequently rejected BTLK’s application through a short order, saying the detailed verdict on the plea will be issued later.