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Top Court Allows Bahria Town To Continue In Larger Public Interest With Caveats

Real Estate Tycoon Malik Riaz was present at the hearings, along with many overseas Pakistanis and investors in Bahria projects. JUN 28, 2018: Bahria Town has been ordered to deposit Rs5 billion (US$42 million) as surety within two weeks before the Supreme Court, and 20% from the total amounts collected every month by the real estate firm on its ongoing projects shall be deposited in the specified account set up by the top court which will be held in escrow. Bahria Town Chairman Malik Riaz has also been ordered toRead More


Expat Pakistani Talent: There’s Not Much Here To Motivate Them to Return

DR. ISHRAT HUSAIN: There is little doubt the main driver of growth and shared prosperity in the 21st century is the knowledge economy. The evidence of this has already been demonstrated by Japan, Korea, Taiwan, Singapore, etc. China is embarking upon the same path. Most of these countries have invested heavily in their higher educational institutions and research establishments, sent hordes of young men and women for advanced studies particularly in science, technology, engineering and mathematics (STEM) subjects. These young scientists have studied at top universities, worked in cutting-edge laboratories,Read More


Amnesty: Chasing “Billions of Hidden Assets” Vs. “Trillion Dollar Net Worth Potential” of Overseas Pakistanis

(BE2C2 Report); IRSHAD SALIM — Some 9 million Pakistanis are now abroad and in two different broad categories: Pakistanis working overseas mostly in the Middle East (NICOP card holders), and those who have switched citizenship or hold dual nationality, and are living and working abroad over the years (Pakistani Diaspora holding POC cards). Almost 99 percent of Pakistanis working in GCC countries are NICOP holders and according to our best estimate do not need an amnesty to bring monies back. They regularly remit most of their disposal income with noRead More