Pakistani Dubai real estate mei itna paisa kyun laga rahay hain? Investor Pakistan se kyun bhag raha hai?

Daily Pakistan

پاکستانی دبئی ریل اسٹیٹ میں اتنا پیسہ کیوں لگا رہے ہیں؟ انویسٹر پاکستان سے کیوں بھاگ رہا ہے؟ #Tax #dubaiinvestors #pakistaniinvestors

Transcript

00:00 The rise of Pakistan's 20 billion dollars in foreign currency accounts

00:05 This is a huge amount that Pakistan has invested in the real estate sector

00:10 Dubai's real estate is the top of the list

00:12 Along with this, Pakistan has invested a huge amount in London, Singapore and Paris

00:19 and has stolen tax from Pakistan

00:21 Who says Pakistan is a poor country?

00:23 Not only is this a poor country, but by not paying taxes, rich people are making this country poorer and poorer

00:30 On one hand, Pakistan's economy is on the ventilator and is counting its last breaths

00:39 On the other hand, Pakistanis have a huge amount of foreign currency

00:43 Pakistanis currently have 19 billion 20 billion dollars in foreign currency accounts

00:49 This has been reported in the Global Tax Commission report by Inqashaf Tax Story

00:54 Half of this amount has been invested in Dubai's real estate sector

01:00 The report that has been released is just a trailer

01:02 The entire film will be released in January

01:05 and when this report comes out, people will forget about Panama

01:08 and this will be a huge explosion from Panama

01:11 According to the European Union's EU Observatory,

01:16 Pakistanis have 19 billion 20 billion dollars of offshore assets

01:21 8 billion dollars of these assets are cash, shares, bonds and investment

01:27 In addition, Pakistanis have invested a lot in real estate in foreign countries

01:33 In this sector, Pakistanis have 11 billion 20 billion dollars in capital

01:38 2 billion dollars of Pakistanis are in European tax havens

01:41 and 1 billion dollars are in Swiss banks

01:44 In addition, Pakistanis have 910 million dollars in US tax havens

01:50 The amount of assets of Pakistanis in foreign countries

01:53 is 3.6% of the country's GDP

01:57 In comparison to 2021, in 2022,

01:59 Pakistanis have a shortage of 1 billion 10 crore dollars in foreign currency assets

02:04 Once upon a time, Pakistanis had the most assets in Switzerland

02:09 It was not only the center of Pakistan, but also the center of all the black money in the world

02:13 Here, money was kept for corruption, smuggling and other crimes

02:17 In 2007, the assets of Pakistanis in Swiss banks reached up to 19 billion dollars

02:22 In 2016, when the Panama Scandal came,

02:25 Pakistanis started taking out all their money from Swiss banks

02:29 Now, there are only 2 billion dollars of Pakistanis in Swiss banks

02:33 Not only the citizens of foreign countries,

02:35 but also the multinational companies operating in Pakistan

02:39 transfer their money to foreign countries

02:42 These companies transfer a large part of their profits to foreign tax havens

02:48 Pakistan had to incur a loss of $403 million due to the transfer of foreign currency assets

02:57 Of this amount, $310 million was transferred to tax havens

03:01 According to the latest report,

03:05 Pakistanis have made a large investment of $11 billion in the real estate industry

03:13 Dubai, London and Singapore are included in these cities

03:16 This amount makes 3.4% of Pakistan's GDP

03:20 The largest share of real estate in the foreign country sector has been invested in Dubai

03:25 Pakistanis have made the largest capital in the real estate sector after Dubai in London

03:31 Where this amount is about $740 million

03:34 $120 million in Singapore

03:36 While in Paris, the property of $18 million is owned by Pakistanis

03:42 At present, around 3,000 million people in the world have assets worth $13,000 billion

03:49 But this tax is only $44 billion

03:52 which makes 0.3% of the total tax

03:56 The report also suggests that if only 2% of the world's richest people are taxed,

04:03 then $250 billion in revenue can be collected annually

04:07 Only in Europe, the number of millionaires is 499

04:10 They have assets worth more than $24 billion

04:14 But they have paid only $6 billion income tax

04:17 Similarly, the assets of 835 million people in North America, i.e. Canada, Mexico and America

04:25 are $4,800 billion

04:27 But they have paid only $24 billion income tax

04:31 The world's richest people are in Japan, Taiwan, China and Hong Kong

04:38 There are 838 people here whose assets are more than $1 billion

04:42 The total wealth of these people is estimated at $3,500 billion

04:47 Pakistan experts say that the details of the assets of Pakistanis in the report are very little

04:56 In addition, the report does not include data on tax havens such as Varian Island

05:01 Therefore, the real wealth is not known

05:04 The real explosion will be in January 2024

05:07 A new law will be enacted on the global level regarding tax havens

05:11 According to this law, the data of tax havens will be obtained

05:14 After which there will be such a big explosion that people will forget the Panama Papers and Panama Scandals

05:20 When the Panama Scandal came out, Pakistan launched amnesty schemes

05:24 Under these schemes, the unpopular Pakistanis in Panama had whitewashed their black money

05:29 Now we will see how many people are exposed

05:34 I am your host Yasir Khami

05:35 Please allow me to leave from Delhi Pakistan, the largest digital media network in Pakistan

05:39 See you in Delhi Pakistan, Allah Hafiz

05:41 (dramatic music)

05:44 (upbeat music)

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