Seven housing societies placed under liquidation
The ICD said the societies did not launch their projects or had failed to achieve their objectives
The ICD said the societies did not launch their projects or had failed to achieve their objectives. PHOTO: FILE
The Islamabad administration on Friday announced that it had placed seven housing societies in the capital under liquidation.
According to a notice shared by the Islamabad Cooperative Department, the societies which have been placed under liquidation include Ahbab Multipurpose Cooperative Housing Society, NADRA Employees Cooperative Housing Society, Islamic University Staff Cooperative Housing Society, Banks Employees Cooperative Housing Society, Christian Multipurpose Cooperative Housing Society, Rail Garden Employees Cooperative Housing Society and the Baltistan Cooperative Housing Society.
The ICD said that these societies did not launch their projects or had failed to achieve their objectives as per the bylaws governing housing societies in the capital.
Published in The Express Tribune, April 22nd, 2017.