Latest Buzz
from Pakistan

Home Pak Buzz Today

,

NAB Recovers and Protects National Assets Worth Rs. 241 Billion in Two Months

The National Accountability Bureau (NAB) has facilitated the recovery and protection of national assets valued at approximately Rs. 241.408 billion over the past two months through three major initiatives involving government land, mining rights and public property.

According to an official announcement, NAB Islamabad and Rawalpindi played a key role in securing valuable national resources through administrative and legal interventions. The initiatives focused on protecting public assets, resolving longstanding disputes and ensuring that government property remains under the ownership and control of relevant public institutions.

One of the major achievements involved the protection and transfer of Pakistan Railways land spread across several districts of Punjab and the federal capital. NAB facilitated the securing and mutation of 3,927 kanals of railway land in Islamabad, Rawalpindi, Jhelum, Chakwal and Murree.

The land has an estimated market value of Rs. 118 billion, making it a significant part of the overall assets protected during the two-month period. The development is expected to strengthen the legal ownership record of Pakistan Railways and help prevent potential disputes, encroachments or unauthorised use of valuable public property.

Longstanding Mining Lease Dispute Resolved in Gilgit-Baltistan

Another major development involved the resolution of a longstanding dispute over the Pozzolan mining lease in the Gini area of Gilgit-Baltistan.

According to NAB, its intervention helped facilitate a settlement that allowed the provincial government to set aside the previous lease arrangement and issue a fresh mining lease in favour of the Water and Power Development Authority (WAPDA) and DBDC.

The resolution is an important development for the management of mineral resources in the region. Pozzolan is a naturally occurring material used in cement production and other construction-related applications, making mining rights an important economic and commercial asset.

The revised lease arrangement is intended to place the resource under a new framework involving public-sector institutions. It also addresses a dispute that had remained unresolved for an extended period.

The mining rights initiative forms part of NAB’s broader efforts to protect public resources and facilitate the resolution of disputes involving government assets.

Focus on Protection of Public Assets

The overall recovery and protection figure of Rs. 241.408 billion reflects the reported value of national assets addressed through NAB’s three major initiatives. While the protection of Pakistan Railways land and the resolution of the Gilgit-Baltistan mining lease dispute account for two of the highlighted developments, the bureau’s announcement also refers to a third initiative involving public property.

These interventions highlight the importance of maintaining accurate land records, resolving legal disputes and ensuring that public resources are managed through transparent administrative processes.

Government-owned land and mineral resources represent significant national assets. Their protection can help prevent financial losses, reduce the risk of unauthorised occupation and support the effective use of resources by public institutions.

NAB Islamabad and Rawalpindi’s reported achievements over the two-month period underline the role of institutional coordination in safeguarding government property. The initiatives also demonstrate how administrative and legal measures can help resolve disputes that affect the ownership and utilisation of national resources.

The bureau’s latest announcement places the estimated value of the assets recovered and protected at more than Rs. 241 billion, with further attention expected on the management and protection of public property across the country.

Advertisement

Previous story
Next story