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HomeBusinessGrand Hyatt lease dispute unfolds with legal and financial issues

Grand Hyatt lease dispute unfolds with legal and financial issues

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

Read full story on Daily Times – Latest Pakistan News, World, Busines

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