ISLAMABAD - NESPAK evaluation of the Defence Housing Authority property sold to Employees Old-Age Benefits Institution (EOBI) shows a remarkable increase of Rs2.26 billion in the open market value.

According to DHA sources, this evaluation is done under the circumstances when DHA accounts are frozen and its credibility has been made doubtful. This increase in price of the property has been almost double as current value of the land is estimated as Rs5 billion by NESPAK.

The DHA sources said that following the evaluation of the property, it is emphasised that poor man’s fund invested by EOBI in DHA is not only safe but has escalated. It is also reiterated that title of land sold to EOBI is not only held with DHA but is also verified by revenue staff concerned, the sources added.