UAE stays Pakistani lawmakers’ favourite destination for investment

The United Arab Emirates (UAE) continues to be the favourite foreign destination of Pakistani lawmakers for investment in business and properties, as most of around a dozen senators owning foreign assets invested in the Gulf emirate

Nov 10, 2020
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The United Arab Emirates (UAE) continues to be the favourite foreign destination of Pakistani lawmakers for investment in business and properties, as most of around a dozen senators owning foreign assets invested in the Gulf emirate.

Taj Mohammad Afridi from erstwhile Fata is the richest senator with the total worth of his declared assets coming to Rs1.22 billion — a little over the assets possessed by the only other declared billionaire in the upper house of parliament and federal Minister for Narcotics Control Senator Azam Khan Swati.

According to the statements of assets and liabilities of senators for the year 2019 released by the Election Commission of Pakistan (ECP) on Monday, Mr Afridi has total assets including agricultural and non-agricultural properties worth Rs1.17bn. He holds assets valued at Rs167.11m outside Pakistan — all in the UAE where he owns four properties.

https://www.dawn.com/news/1589583/uae-stays-senators-favourite-spot-for-investment

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