No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut
No Result
View All Result
No Result
View All Result

Interior Minister Mohsin Naqvi defends overseas investments amid Dubai Leaks controversy

News Desk by News Desk
May 17, 2024
in Latest News, National, Politics, Top News
Reading Time: 2 mins read
Interior Minister suggests Indian involvement in Amir Sarfraz Tamba’s murder

Interior Minister Mohsin Naqvi has defended his and his family’s investments abroad, following recent disclosures in the Dubai Leaks. Speaking on Thursday, Naqvi emphasised that as a businessman, he has the right to invest his money wherever he chooses.

“My wife owns a property in London and previously had one in Dubai, which she sold in 2023,” Naqvi explained. He clarified that these investments were fully taxed and that he was not holding any public office ten years ago when these properties were acquired. This clarification comes in response to the Dubai Leaks, which revealed data on over 23,000 properties owned by Pakistani nationals up to the spring of 2022, including a high-value property linked to Naqvi’s wife.

Naqvi stressed the legality of investing abroad and suggested that authorities should focus on investigating those who acquired offshore properties illegally. “There is no illegality in investing abroad. Being a businessman, I will invest where I like,” he stated. He also pointed out that numerous media houses also have investments in Dubai, which should not be problematic if done legally.

Despite facing criticism on social media for his wife’s overseas properties, Naqvi remains committed to his role. “No matter how much criticism is made against me, I will focus on service delivery,” he asserted. He also compared Pakistan’s treatment of its businessmen to that of India, noting that India’s support for its business community has been a significant factor in its progress, whereas in Pakistan, successful businessmen are often labelled as thieves.

Addressing various other issues, Naqvi responded to Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur’s remarks about taking over a state building, suggesting the statement might be political but assuring appropriate action if necessary. Regarding PTI’s demand for talks with the establishment, Naqvi stated that any discussions should be held with the government.

On the matter of passport issuance delays, Naqvi acknowledged the backlog, noting that passports were currently taking five to six months to process. He assured that efforts were underway to resolve this issue promptly.

News Desk

News Desk

Related Posts

Killed
Latest News

Young trader killed during robbery bid in Karachi

December 2, 2024
KSE-100 index lose over 500 points as PSX experiences negative trend
Business

PSX soars over 1,200 points amid optimism on inflation and interest rate cuts

December 2, 2024
PTI suspends Islamabad protest following deadly clashes, appeals for justice
Featured

PTI suspends Islamabad protest following deadly clashes, appeals for justice

November 27, 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TOP NEWS

Killed

Young trader killed during robbery bid in Karachi

by News Desk
December 2, 2024

A 22-year-old trader was tragically shot dead during a robbery attempt on New M.A. Jinnah Road on Sunday evening, according...

KSE-100 index lose over 500 points as PSX experiences negative trend

PSX soars over 1,200 points amid optimism on inflation and interest rate cuts

by News Desk
December 2, 2024

The Pakistan Stock Exchange (PSX) maintained its bullish momentum on Monday as the benchmark KSE-100 index surged 1,248.84 points, or...

PTI suspends Islamabad protest following deadly clashes, appeals for justice

PTI suspends Islamabad protest following deadly clashes, appeals for justice

by News Desk
November 27, 2024

The Pakistan Tehreek-e-Insaf (PTI) announced the suspension of its Islamabad sit-in early Wednesday after a day of intense clashes in...

PSX in boorish trend for second consecutive day; benchmark KSE-100 index lost over 700 points

KSE-100 Index surges over 600 points amid banking sector rally

by News Desk
November 25, 2024

Bullish sentiment dominated the Pakistan Stock Exchange (PSX) on Monday as the KSE-100 index climbed 621.85 points, or 0.64 per...

The Upcut is a news platform that brings you the latest news, developments from all walks of life, from all over the world. We cover Business, news from Pakistan and rest of the world, Sports, and Entertainment. You can also read Tech Reviews and How-To Guides for simple solutions and dailylife hacks.

BUSINESS   |   NATIONAL   |   WORLD   |   SPORTS   |   ENTERTAINMENT   |   TECH   |   HOW-TO GUIDES

  • Home
  • About Us
  • Privacy Policy
  • Editorial Guidelines
  • Contact Us
  • Stories

Copyright © 2022 The Upcut. All rights reserved.

No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut

Copyright © 2022 The Upcut. All rights reserved.

Go to mobile version