THIS refers to news item (May 24) that Pakistanis transferred $5bn to Dubai in 2013 and 2015 annually for the purchase of real estate or investment in businesses.

One is surprised that daily advertisements invite Pakistanis to purchase villas and apartments worth billions of rupees, and for that real estate developers hold exposes in local five-star hotels.

We have also learnt about the seizure of fat bundles of dollars caught from a model. What about uncaught leakages of massive funds carried abroad by khepias?

Our cities are flooded with smuggled goods in ‘baras’ without any checks by ‘co-operative’ tax hounds! Would Pakistan need IMF loans and other foreign charities if these illegally smuggled funds are interdicted or brought back through incentives or penal provisions?

Saeed Ghori

Karachi

Published in Dawn, May 27th, 2015

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