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United Arab Emirates (UAE)

PM’s aide meets UAE minister to track down ‘unlawful’ wealth

DUBAI: Special Assistant to Prime Minister on Accountability Shehzad Akbar on Saturday met with United Arab Emirates Minister of Justice and discussed matters related to recovery of unlawful wealth of the Pakistanis in the UAE. In his tweet, PM's special assistant said, "recently met with UAE Minister of Justice Sultan Saeed Al Badi to discuss setting up operational liaison between both the countries for exchange of information and signing bilateral accords for seeking information and recovery of unlawful wealth."…

Pakistani residents in UAE are majority in availing tax amnesty scheme

ISLAMABAD: Pakistani nationals being UAE residents have made to the top position in the list of people who have filed the details of their assets under foreign tax amnesty scheme. Pakistani nationals from various countries filed their assets, some of the countries includes UK, Switzerland, USA, Canada, Singapore etc. According to details, 5363 people have availed the foreign tax amnesty scheme and 77846 have availed the domestic amnesty scheme. According to the statement of Rukhsana Yasmeen, Chairperson Federal Board…

Abraaj founder, Naqvi faces cheque bounce charges in UAE

Dubai: The founder of the Abraaj Group, Arif Naqvi is facing criminal investigation in the UAE for issuing bad cheques, as cheque bouncing is treated as criminal offence in the UAE. The new development is expected to endanger the prospects the company’s efforts to resolve its issues with investors and creditors through liquidation. According to sources, Naqvi has been issued an arrest warrant in UAE relating to a cheque bounce case. According to sources, the bounced cheque was used as partial security for…