In a recent press conference held at the National Press Club in F-6/1, Islamabad, Saad Nazir, Chairman of BWC and Blue World City CEO Naeem Ejaz, addressed the media to shed light on the joint operation conducted by the Rawalpindi Development Authority (RDA) and the police at the Blue World City project.
During the press conference, Chairman Saad Nazir conveyed important information about the situation, emphasizing the legitimacy of their documents and actions, and called upon regulatory authorities to investigate the matter closely.
Project Background
Blue World City is a prominent real estate development project situated on the outskirts of Islamabad. Over the past few months, the project has come under scrutiny, with allegations of regulatory violations, illegal projects, and irregularities. The recent joint operation by RDA and the police further escalated concerns surrounding the project’s legality and compliance with regulations.
Key Points Addressed in the Press Conference
Chairman Saad Nazir clarified that Blue World City management had diligently compiled all the documents required for the project’s approval and compliance with regulatory standards. These documents, he stated, had been submitted to the relevant authorities for scrutiny. He asked the chief of army staff to look into the matter closely and let the society work to improve the nation and the country.
Legal Action
The Chairman stated that BWC had obtained a stay order from the court to stop any actions against the project. He emphasized that the project was operating within the bounds of the law and that any actions taken against it were unlawful.
Allegations of Illegality
Chairman Saad Nazir expressed concern over what he considered illegal actions by regulatory authorities and the police. He called upon these authorities to thoroughly investigate the matter and ensure justice prevails. He added that the Blue World City is known to be the first purpose-built tourist city developing for the last 5 years.
Transparency and Cooperation
The Chairman reassured the public and the regulatory bodies that Blue World City was committed to transparency and cooperation in addressing any concerns raised by the authorities. He expressed a willingness to work together to resolve any issues.
Economic Impact
Chairman Saad Nazir pointed out the significant economic impact of Blue World City, highlighting the investment it has attracted and the potential for job creation in the area. He urged regulatory authorities to consider the broader implications of their actions on the local economy.
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Conclusion
The press conference held by Chairman Saad Nazir of Blue World City provided a platform to address the recent joint operation by RDA and the police. He asserted that the project’s management had adhered to regulatory requirements, submitted all necessary documents, and secured a stay order from the court. The Chairman called for a fair and thorough investigation into the matter and emphasized the importance of upholding the rule of law. As the situation unfolds, it remains to be seen how regulatory authorities will respond to these claims and whether they will take the requested actions to resolve the dispute surrounding Blue World City.
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