By Raza Ruman
Islamabad (Pakdestiny.com) Pakistani property tycoon Malik Riaz has bought Burj Bank. Sources privy to the negotiations between Malik Riaz and Gulf based administration of the Burj Bank, confirmed to Pak Destiny that deal between them has been finalized.
“Now Burj Bank Limited in Pakistan is owned by Malik Riaz,” the sources said. They said Malik Riaz was keen to have his own bank since his business is one of the largest in Pakistan and he wanted to give it to its own bank. “Now a number of banks here who are involved in the business transactions of Bahria Town may lose the business after this deal.” – Pak Destiny