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Malik Riaz announces $ 2b for affectees - Lahore_Real_Estate - 09-01-2010 03:07 PM
ISLAMABAD—Chairman Bahria Town, Malik Riaz Hussain announced the donation of 75% of all his assets for the relief and rehabilitation of flood victims.
In an exclusive interview with CNN, Malik Riaz Hussain announced unprecedented amount of US$ 2 Billion to the cause of helping the flood victims and elaborated the severity of the calamity damaging the agriculture and economy of the country to the extent of 60 percent. When the anchor person of CNN reconfirmed whether Malik Riaz Hussain would donate US$ 2 billion he not. not. Only confirmed but went a step further saying “ ever more”. Chairman Bahria Town dwelled on the massive poverty the country is facing and the relevant social issues that arise out of it. billionaires of Pakistan to come forward and help their country. “If 140 rich Pakistanis come together and commit to alleviating poverty, then this grave national problem could be solved within days he said.”
In this regard, he personally committed to give away 75% of all his wealth to charitable causes within Pakistan.Malik Riaz Hussain said that if Pakistan gets US$ 25 billion, it will be enough for the construction of 10 thousands homes which not only accommodate 80,000 people but will also provide them facilities of education, healthcare & entertainment.
He said if approached Bahria Town will construct these houses on no profit basis. Infact he is ready to donate more from his pocket for this cause. He suggested a special team should be established to monitor funds utilization & quality of the houses being constructed. Speaking of Bahria Town’s ongoing efforts for the poor, Malik Riaz Hussain said his company presently provides 150 thousand free daily meals, free Healthcare to 80 thousand individuals, everyday. They are also providing them relief goods including tents, utensils, daily items etc. He said “And I am ready to spend my each every penny for this purpose, because if my people are out of food, out of houses, I cannot sleep.”