Pakistan, May 3 -- The Capital Development Authority allotted 13.5 acres of land in 2005 for a five-star hotel project in Islamabad, awarding the lease to BNP for Rs4.8 billion. The authority handed over possession after receiving 15 percent payment, allowing construction to begin, however, the company failed to clear remaining dues and instead sought repeated rescheduling of payments over time.

As disputes intensified, the case reached the Supreme Court of Pakistan, which in 2019 ordered BNP to pay Rs17.5 billion to restore the lease. Despite the ruling, the company has so far paid only Rs2.9 billion, leaving outstanding dues of around Rs14.5 billion, ultimately leading authorities to cancel the lease in 2023 due to continued non-compli...