ISLAMABAD: The Federal Investigation Agency (FIA) on Thursday presented a list of 100 Pakistanis who own properties in Dubai to a sub-committee of the National Assembly Standing Committee on Finance, but no government agency has been able to ascertain whether they had complied with regulatory requirements or obtained the assets through illegal means.
The sub-committee discussed reasons for the failure of government functionaries to gather details of purchase of properties worth $8 billion by Pakistanis over the last four years in Dubai.
The sub-committee is headed by Dr Shezra Mansab Ali, and its members include Pakistan Tehreek-i-Insaf’s Asad Umar, and Pakistan Muslim League-Nawaz’s Isphanyar M. Bhandara, who does not attend meetings, and Qaiser Ahmed Sheikh of the PML-N who attends it voluntarily.
Members of the sub-committee were informed earlier that neither the FIA nor the Federal Board of Revenue or the State Bank was empowered to demand details of Pakistanis who had made investments abroad. They were told that the National Accountability Bureau was the focal agency mandated to probe money laundering or corruption cases with other countries. Incidentally, nobody from NAB attended the meeting.