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Dubai property leaks scandal - Maria Memon's Detail Analysis
ARY NEWS
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5/18/2024
#MariaMemon #Dubaipropertyleaks #propertyleaks#Sawalyehai
Dubai property leaks scandal - Maria Memon's Detail Analysis
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00:00
Welcome back to Pakistan IMF program.
00:02
It has been going on for decades.
00:06
And now it is time to put our shoes on for just one billion dollars.
00:14
Pakistan wants to invest in big companies from all over the world.
00:19
But how will it invest?
00:21
It will invest when its citizens' relationship
00:24
with their state, financial system and government economy is in good hands.
00:31
This week we saw a scandal called Dubai Leaks
00:34
which revealed that Dubai property has assets worth 400 billion dollars.
00:40
According to the document, the Pakistanis have assets worth 11 billion dollars.
00:46
Dubai's assets are second highest in India after India.
00:51
And it was also revealed that 17,000 Pakistanis have purchased more than 23,000 properties in Dubai.
01:00
It is a good thing to invest in any country.
01:04
But why do people invest?
01:06
Why do investors go to any other country?
01:08
They go there because there is a rule of law.
01:11
They are safe.
01:13
They know that when they invest, the law will give them security.
01:18
They will have a financial safety net.
01:21
That is why they go somewhere.
01:24
They go to places where there is peace and security.
01:28
Where they don't get robbed.
01:31
Where they can invest their money.
01:34
Where there are good dividends and returns.
01:38
Investors invest there.
01:40
And a city like Dubai offers all this.
01:43
Investors go to places where they get incentives.
01:47
They make it easy for them.
01:50
So, Dubai is one of the few cities in the world.
01:54
But the sad part is that when the elite of Pakistan goes to Dubai,
01:59
our political leadership goes to different countries.
02:03
They go to different places and only invest in Pakistan.
02:07
Throughout the decades, every Pakistani Prime Minister will go on a tour and tell people to invest in Pakistan.
02:14
Despite all these invitations, the elite of Pakistan,
02:18
whether it is the political elite or the people with resources,
02:22
who have money and know how to invest,
02:26
is investing their money abroad.
02:29
So, how can you expect your own citizens to invest abroad?
02:35
Policy makers will have to ask this question.
02:37
Is there a rule of law here?
02:39
Is there security of your money here?
02:41
Is the money you are investing here worth it?
02:44
And most importantly, is there a margin for futuristic and future-oriented investments in Pakistan?
02:52
Just by saying it, by giving statements, it doesn't make a difference.
02:56
The whole world knows where, where, which spot, which country is a good investment spot.
03:02
The program is over. Don't forget to give your feedback.
03:04
Take care. Goodbye.
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