School owned by Ishaq Dar's son is being shut down due to "Financial Reasons"

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Former finance minister Ishaq Dar’s family is reportedly going through a financial crunch and has started to wind up their ventures abroad right after the accountability noose tightened around them.


In a fresh development, it has been reported that Ishaq Dar’s son Hasnain Dar has decided to shut down his Ontario International Canadian School (OICS) in Dubai citing ‘financial’ issues, which has placed over 200 parents in an awkward position to secure seats for their children’s future.


Mirdiff based OICS was opened in 2014 and follow the Canadian curriculum for KG to Grade 10 classes with fees ranged from Dh28,000-56,000 per year.


The school is in the process of shutting down, which will affect between 45-50 teaching and non-teaching staff as well.


According to the Project Manager and School Consultant Greg Cosgrove, the school is likely to be closed by the end of this school semester, adding that the school administration has put in a request with the Knowledge and Human Development Authority (KHDA) in a bid to shift the number of students to that school, but didn’t receive any answer yet.


Last week, the school administration issued a circular, signed by Dar, to parents, citing financial issues leading towards the closure of the school.


The circular read: “I have continuously been engaged in discussions with KHDA regarding the future of OICS. However, it is only fair for me to share with you that —the school does not have the financial support to continue beyond June 30, 2019,”.


Courtesy of Asset Declaration Scheme???


“I understand that this is an incredibly difficult time for families and we at OICS are committed to ensuring a smooth transition of your children to other schools. As a part of our effort for this smooth transition, we have asked Kings’ Education to honour the OICS fee structure for the next two academic years for any students who wish to transfer to Kings’ Schools,” the circular said further.


Pakistan and the United Kingdom (UK) signed a Memorandum of Understanding (MoU) regarding former finance minister Ishaq Dar’s extradition on June 23.


According to the document, UK and Pakistan have finalized an agreement according to which the UK authorities to only hand over Ishaq Dar as he will be extradited on a legal basis including corruption and embezzlement charges.


As per the MoU, Pakistan will pay all the expenses on the transit of Ishaq Dar, moreover, no country can make financial demands after the deliverance, custody or arrest of a person.


https://en.dailypakistan.com.pk/hea...down-school-in-dubai-citing-financial-issues/

 

[Path-Finder]

haram da dallah dollar dar. mofo

 

[FalconStar]

But according to Patwari's he's the most Genius Economist and Businessman the world has ever seen.
So he can't even manage to keep a school running while out of power.

And this School might have been used for Money Laundering, as it opened right after they came into power and has closed now that they don't have that consistent flow of cash.

 

[R Wing]

haram da dallah dollar dar. mofo

when will our agencies understand that such threats to the security and progress of our country (10000x more dangerous than any TTP terrorist for whom they risk lives) need to be eliminated?

 

[Mahmood-ur-Rehman]

Dar family is as rich as Zardari or NS families So no one should worry about their financial position they are the enemy of Pakistan

 

[Dubious]

Dar family is as rich as Zardari or NS families

I dont think Dar nor NS was before joining politics!

 

[Sine Nomine]

And this School might have been used for Money Laundering, as it opened right after they came into power and has closed now that they don't have that consistent flow of cash.

It's been indeed used for that purpose,millions going from Pakistan would have made their way into pockets of ghost parents then paid to this school as fee.
Ishaq Dar in Pakistan》》》Money looted from Pakistan》》》Ghost Students & Guardian》》》OICS Account》》》Ishaq Dar Pocket
So,once this school closes,record would be lost and you won't be able to find those student till dooms day,who have paid millions in fee to them.

I dont think Dar nor NS was before joining politics!

They were all rich business tycoons only taxation departmemt and we heared about them after the came third time into power,before that no one knew about them.
If you would check people who have their business
nationalized by Bhutto and you didn't find their names or if even found not so big then this all is black money.Looking at their state of mind i am sure they are not capable of doing any sort of business.

 

[Dubious]

,before that no one knew about them.

And you would think many would have heard of BUSINESS TYCOONS lolz

Before the 3rd time they came into power...they were also holding ministries and they were not business tycoons back then! ie. NS was Finance minister - can explain where the tycoon started...

If you would check people who have their business
nationalized by Bhutto and you didn't find their names or if even found not so big then this all is black money.Looking at their state of mind i am sure they are not capable of doing any sort of business.

Exactly! Before NS became Finance minister ...he was unknown!

 

[Sine Nomine]

And you would think many would have heard of BUSINESS TYCOONS lolz

Before the 3rd time they came into power...they were also holding ministries and they were not business tycoons back then! ie. NS was Finance minister - can explain where the tycoon started...


Exactly! Before NS became Finance minister ...he was unknown!

They are just nothing only jugglers who have fooled awam successfully and made into helms of affairs, in turn brown babus have courted them very well and this misbegotten kind has made quite a good fortune out of this despicable relationship at expense of state due to which we suffer.

 

[war&peace]

It was a money laundering factory.... the school was just a facade. The money laundering stopped so the school became unnecessary.

 

[khanmubashir]

Mirdiff based OICS was opened in 2014 and follow the Canadian curriculum for KG to Grade 10 classes with fees ranged from Dh28,000-56,000 per year.
nice racket to launder loot $ from pak and calling it fee

 

[iw.hassan97]

Former finance minister Ishaq Dar’s family is reportedly going through a financial crunch and has started to wind up their ventures abroad right after the accountability noose tightened around them.


In a fresh development, it has been reported that Ishaq Dar’s son Hasnain Dar has decided to shut down his Ontario International Canadian School (OICS) in Dubai citing ‘financial’ issues, which has placed over 200 parents in an awkward position to secure seats for their children’s future.


Mirdiff based OICS was opened in 2014 and follow the Canadian curriculum for KG to Grade 10 classes with fees ranged from Dh28,000-56,000 per year.


The school is in the process of shutting down, which will affect between 45-50 teaching and non-teaching staff as well.


According to the Project Manager and School Consultant Greg Cosgrove, the school is likely to be closed by the end of this school semester, adding that the school administration has put in a request with the Knowledge and Human Development Authority (KHDA) in a bid to shift the number of students to that school, but didn’t receive any answer yet.


Last week, the school administration issued a circular, signed by Dar, to parents, citing financial issues leading towards the closure of the school.


The circular read: “I have continuously been engaged in discussions with KHDA regarding the future of OICS. However, it is only fair for me to share with you that —the school does not have the financial support to continue beyond June 30, 2019,”.


Courtesy of Asset Declaration Scheme???


“I understand that this is an incredibly difficult time for families and we at OICS are committed to ensuring a smooth transition of your children to other schools. As a part of our effort for this smooth transition, we have asked Kings’ Education to honour the OICS fee structure for the next two academic years for any students who wish to transfer to Kings’ Schools,” the circular said further.


Pakistan and the United Kingdom (UK) signed a Memorandum of Understanding (MoU) regarding former finance minister Ishaq Dar’s extradition on June 23.


According to the document, UK and Pakistan have finalized an agreement according to which the UK authorities to only hand over Ishaq Dar as he will be extradited on a legal basis including corruption and embezzlement charges.


As per the MoU, Pakistan will pay all the expenses on the transit of Ishaq Dar, moreover, no country can make financial demands after the deliverance, custody or arrest of a person.


https://en.dailypakistan.com.pk/hea...down-school-in-dubai-citing-financial-issues/

only rich people and businessmen can afford such hefty amount of money as fee.. 58K dirhams for 10th Grade??!! [emoji44]

I remember my fee for 12th grade was 13K Saudi Riyals yearly.

 

[war&peace]

Mirdiff based OICS was opened in 2014 and follow the Canadian curriculum for KG to Grade 10 classes with fees ranged from Dh28,000-56,000 per year.
nice racket to launder loot $ from pak and calling it fee

It is very simple .. A person never closes his successful business. It means this school was never meant to be a school rather a smoke screen for laundering the money looted from Pakistan by his father.

 

[Syed1.]

Mirdiff based OICS was opened in 2014 and follow the Canadian curriculum for KG to Grade 10 classes with fees ranged from Dh28,000-56,000 per year.
nice racket to launder loot $ from pak and calling it fee

Dh 56,000 equals Canadian dollars roughly 20,000. That is close to the annual international student fees for universities in Canada itself. I wonder who are these rich parents dishing out so much money for primary/secondary school????


Seems like a front for money laundering.

 

[Vortex]

Wasn’t the rich patents holders of some of the fakes accounts ?