May 262017

ISLAMABAD, May 26 (APP): Finance minister Ishaq Dar Friday, lauding the contributions made by expatriate Pakistanis, announced that the government wanted them to invest in the national infrastructure and in that connection, US$ 1 billion non-convertible bond would be issued.
The proposed bond would be floated through establishment of Pakistan Development Fund, he said.
The minister informed the Capital Development Authority would also announce a separate sector to make expatriates’ investment secure in the real estate of the country.

 Posted by at 11:52 pm
May 252017

In order to curb the menace of land grabbing and to devise a legal mechanism for the speedy restoration of properties in illegal possession,
The Anti-Qabza Group Sub Committee has started preparing recommendations for effective and meaningful reforms in land related laws.
Commissioner Overseas Pakistanis Commission (OPC) / Member Anti-Qabza Group Sub Committee, Afzaal Bhatti informed in this regard that Committee formulated by Chief Minister Punjab is minutely reviewing the laws pertaining to land and property and would recommend necessary amendments in Land Revenue Act, Illegal Dispossession Act and other relevant laws. He further said that Sub Committee includes the representatives of Board of Revenue, OPC, LDA, Laws & Parliamentary Affairs, Police, Local Government, Excise and Taxation, Housing, Auqaf, Irrigation and Forest departments.
Afzaal Bhatti said that purpose of the Sub Committee is to submit proposal to effectively deal with land mafia and to award exemplary punishment to them.
He said that by enforcement of existing laws and making necessary amendments, issues of illegal possession, encroachment and trespassing would be solved and effective steps can be taken to deal with qabza mafia and land grabbers. This is yet another step of Punjab Government to facilitate Overseas Pakistanis by providing them prompt, speedy and effective legal support for the redressal of their land related issues, concluded Commissioner OPC.

Courtesy: Pakistan Observer

 Posted by at 10:45 pm
May 192017

By Muhammad Javed

According to a news item an Overseas Pakistanis Convention would be held in December this year where His Excellency the Prime Minister Mian Muhammad Nawaz Sharif would be the guest of hour.

Seeing how emotional, practically, the Overseas Pakistanis whether an illiterate labourer in a Saudi desert site or a highly educated Engineer in Canada was towards the famousقرض اتارو ملک سنوارو scheme, Main Nawaz Sharif called an Overseas Pakistanis Convention in Islamabad in 1997. Taking advantage of the over-enthusiasm of the participants, Mian Sahib as the Chief Guest told those attendees that they were all “our” family members whether holding Pakistani or foreign nationality and that the doors of their motherland were always open for them.

As soon as these so called family members happily returned back, Mian Sahib introduced a separate identity card for these “family members” on very huge fees which was really unaffordable to the majority.  Many termed it as a sort of new tax.  The participants in a symposium organized by Daily Jang termed the purpose as to earn money only.  Later on Mr. Zafarullah Jamali as PM feeling the injustice drastically reduced this fee. Tasting how tasty the newly introduced NICOP fantasy was in fetching the money, the next Government created another new item Pakistan Origin Card.  To meet ever increasing expenses on, huge over huge salaries and perks to new appointees, Main Sahib from July 1, 2015 introduced a new tax on OPs but only on the “poorest” in shape of extra charge on remittances through legal channel.

I pray ALLAH that whatever is good for us, the ordinary of this poor debit ridden country that may come in the “Panama JIT” final before this forthcoming Convention brings a new financial burden on us.


 Posted by at 1:06 pm
May 142017

Chief Justice of Pakistan has ordered for the establishment of special cells in the Supreme Court and High Courts for redressal of complaints of the overseas Pakistanis and also asked the chief justices of high courts to come up with concrete proposals to minimise delay in litigations. The chief justice also took serious notice of delay in completion of the Islamabad jail project Continue reading »

 Posted by at 11:26 pm
May 052017

In a move that may eventually force influential people to disclose their offshore beneficial ownerships, a Senate panel on Wednesday proposed an amendment to the Companies Bill to make it binding on non-resident and dual-national Pakistanis to disclose their monetary interests abroad.

The Senate Standing Committee on Finance amended Clause 452 of the under discussion Companies Bill 2017 that deals with companies’ global register of beneficial ownerships. The Securities and Exchange Commission of Pakistan (SECP) also endorsed the committee’s proposal, which will ensure that the government backs the new amendment at the time of final voting in the National Assembly. Continue reading »

 Posted by at 11:16 am
May 052017

 Just because they support PTI: Imran Khan

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan slammed ruling party for ‘raising question on patriotism of overseas Pakistanis’.

On his Twitter account, Khan wrote that due to PTI’s large support among overseas Pakistanis the ruling party is now targeting them.

The PTI chairman was referring to the latest case filed by PML-N leader Hanif Abbasi in Supreme Court about foreign funding of the party and raising question on Imran Khan’s ‘patriotism’ under Article 62 and 63.

Khan further criticized PMLN leadership stating it is really shameful that ruling party is targeting Pakistanis residing abroad even though they send almost $20billion remittances annually to the country.

The case is underway in Supreme Court and being heard by larger bench headed by Chief Justice Saqib Nisar.

 Posted by at 11:14 am