Exactly how much of Pakistan's wealth is coming back from abroad?

[Alpha BeeTee]

The purpose of this thread is to educate ourselves about the volume of wealth which has been stored illegally out of Pakistan and how much of it can be pottentially brought back easily without having to maneuver the complexities of national and international law.

Not a day goes by and we hear different reports on media of this much $billion stored in country 'x', that much $billion illegally stored in 'y'.

Just recently I heard that $135 billion is stored is UAE. These are huge sums considering our reserves right now. There's a lot of talk about 'looti hui daulat wapis layen gay' but no clear targets, goals and timelines.

So I would like all to share your inputs about roughly how much wealth return are we looking at and in how much time and in what forms. I don't think it's going to be as simple as Swiss govt transferring x $billion and Arab govts returning y $billion directly into our banks in days. Kudos

 

[The Accountant]

Difficult to estimate ... However, I think we can highlight here if we have some known property of persons and NAB or FIA can trace it to the tax returns and investigate ...

 

[Path-Finder]

The purpose of this thread is to educate ourselves about the volume of wealth which has been stored illegally out of Pakistan and how much of it can be pottentially brought back easily without having to maneuver the complexities of national and international law.

Not a day goes by and we hear different reports on media of this much $billion stored in country 'x', that much $billion illegally stored in 'y'.

Just recently I heard that $135 billion is stored is UAE. These are huge sums considering our reserves right now. There's a lot of talk about 'looti hui daulat wapis layen gay' but no clear targets, goals and timelines.

So I would like all to share your inputs about roughly how much wealth return are we looking at and in how much time and in what forms. I don't think it's going to be as simple as Swiss govt transferring x $billion and Arab govts returning y $billion directly into our banks in days. Kudos

We hear about $200 billion for few years but that is one group of crooks. another group of crooks has so many hundreds of billions!

 

[Alpha BeeTee]

Difficult to estimate ... However, I think we can highlight here if we have some known property of persons and NAB or FIA can trace it to the tax returns and investigate ...

We hear about $200 billion for few years but that is one group of crooks. another group of crooks has so many hundreds of billions!

It means we are looking at an undefined target with no timeline of returning back.
Jis hisaab se looti hui daulat batai jaati hai us ka 50% bhi wapis a gayi tou yahan doodh ki nehren behni chahiyen

 

[Path-Finder]

It means we are looking at an undefined target with no timeline of returning back.
Jis hisaab se looti hui daulat batai jaati hai us ka 50% bhi wapis a gayi tou yahan doodh ki nehren behni chahiyen

I think its a case of knowing the amount but its not being made public as of now! The public has the right to know.

 

[Dubious]

Difficult to estimate ... However, I think we can highlight here if we have some known property of persons and NAB or FIA can trace it to the tax returns and investigate ...

My question is how will Pakistan tax a property overseas? I mean does it have right to tax on foreign land?

 

[Sine Nomine]

My question is how will Pakistan tax a property overseas? I mean does it have right to tax on foreign land?

Such Government talks are only stunts.They won't be able to do anything in that regard.

 

[Dubious]

Such Government talks are only stunts.They won't be able to do anything in that regard.

Exactly my thought...What they can do is bring back illegal money (through money laundering) but about properties...I think that is a long shot...that is also why people invest in properties coz you cant tax across borders!!

 

[Sine Nomine]

Exactly my thought...What they can do is bring back illegal money (through money laundering) but about properties...I think that is a long shot...that is also why people invest in properties coz you cant tax across borders!!

One solution kill or capture their families.

 

[AZADPAKISTAN2009]

Only way Pakistan , can get out of it's financial problem is when more people will pay taxes locally and Expats will help in minor sense.

200 Million residents in Pakistan (200,000,000 )
800000 only pay taxes , which is only 0.04% , not even 1%


There are only 2 Million Pakistanis overseas

The stories of "Money stored overseas" is created so local people will not pay taxes it is used as an excuse to bail out on Tax paying duties

Decade--------Drama Story----------------------------Reality
90's ----------Money is stored in Swiss Banks ---->Local Tax payers 1%
00's ----------Money is stored in Swiss Banks ---->Local Tax payers 1%
10's ----------Money is in UK, UAE, Swiss Banks ---->Local Tax payers 1%
2013-2018---Money is in UK, UAE, Swiss Banks, Panama--->Local Tax payers 0.04%
2018----------Money is in UK, UAE, Swiss Banks, Panama ----> People still can't see the problem


When the Kunda wala Bijli Choor, is asked why don't you pay Electricity Bill

• They normally laugh and say , every one is doing it why should they not get electricity for free?

Until the mindset of expecting things for free will not change the challenges will not decrease

The main difference between Western Society and Pakistan is only

a) They pay Taxes (Income Tax/ Sales Tax / Property Tax/ Car Number plate yearly Tax renewals)
b) They got solid judicial System for penalties & Functional Police force
--------------------------------------------------------------------------------
c) All social programs are created after they have collected taxes on time

• Schools
• Hospitals
• Libraries / Sports facilities

 

[Dubious]

One solution kill or capture there families.

1stly their

2ndly, that wont send any good msg....we are not in a state for bad press

 

[Sine Nomine]

1stly their

2ndly, that wont send any good msg....we are not in a state for bad press

There isn't any good press coverage given to us already.Better to get bad press along with our money,bad press would be history while money would live on.
If you want to make everyone happy, then go and sell ice cream.
Do you think Zardari or Mian would gave you anything,which they have made from black money in foreign countries?

 

[VCheng]

So I would like all to share your inputs about roughly how much wealth return are we looking at and in how much time and in what forms. I don't think it's going to be as simple as Swiss govt transferring x $billion and Arab govts returning y $billion directly into our banks in days. Kudos

Q: How much wealth return are we looking at? A: About $57.23. Minus expenses. In many years. May be.

Seriously though, this is just a red herring to divert attention from real issues.

 

[Alpha BeeTee]

Q: How much wealth return are we looking at? A: About $57.23. Minus expenses. In many years. May be.

Seriously though, this is just a red herring to divert attention from real issues.

That's a disappointing estimate.

 

[VCheng]

That's a disappointing estimate.

Okay, let me double that to one hunnert ferteen dollars and fertisix sense.

Seriously, the people of Pakistan are being told a story here that will not end well. Their imaginary billions are not coming back. Ever. Only their own hard work will produce results.