Wednesday, May 15, 2024

• This OCCRP ‘Property Leaks’ story does not focus on Pakistan. Out of $389 billion, Pakistanis own less than 2.8% of the value.

• Owning property outside Pakistan is not an illegal activity per se; many people own properties abroad — because they have worked abroad or have used their taxed income to buy those assets. It is for tax authorities in their respective countries to decide the legality of the matter.

• Dubai stands as a beacon of progress and innovation in the Muslim world, exemplifying a unique blend of cultural heritage and futuristic vision. Dubai’s pro-business environment is bolstered by state-of-the-art infrastructure, strategic global connectivity, and forward-thinking economic policies that encourage investment and foster economic diversification while committing to sustainability and smart city initiatives. Dubai not only celebrates its rich cultural heritage but also embraces diversity, making it a dynamic cosmopolitan metropolis. However, like any major global city, Dubai is not without its challenges. It is important to acknowledge that in every community, there are individuals who may seek to exploit systems to their advantage, sometimes misusing laws for personal gain. Such actions by a few do not reflect the overall integrity or values of the city or its governance. Dubai continues to strive for transparency and legal fairness to minimize such abuses and promote a healthy, inclusive economic and social environment.