Time for "Dubai se bhag chaloo"???

PKPolitics Discuss » Future of Pakistan

Time for "Dubai se bhag chaloo"???

(24 posts)

expakistani
Member

http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/news/business/07-dubai-faces-gradual-exodus-of-migrant-workers-ha-11

Any one from UAE plz put some light on over all situation there...

What going to happened if 1000s of unskilled workers start moving back to Pakistan?
Thanks

Posted 2 years ago on 09 Dec 2009 5:41 #
zingaro
Member

I have lived there in past and had firm belief that the pace which they have picked to build their economy is not on strong bases. It was certainly like a balloon which they were inflating day and night. You should know that construction can not be the only sector of an economy to progress. Unlike Abu Dhabi, the emirates of Dubai has no sufficient oil production to support the budgets. Every thing was based on loans. So this was due to happen. I was reading the economic surveys the other day and experts fear that situation is not going to improve in near future. While thousands of people have already lost their jobs and returned back to their home countries.

Posted 2 years ago on 09 Dec 2009 6:19 #
truepakistani
Member

since last 35 years pakistanis in UAE have remitted US$ 100 billion,

pakistani businessmen/industrialists/civil/military bureaucracy have transfered their wealth to UAE worth US$ 100 billion.

tell me what pakistan has gained during last 35 years.

Posted 2 years ago on 09 Dec 2009 7:48 #
sasherwani
Members

I work in Dubai and my field is Finance.

Dubai is a part of UAE which consists of six other Emirates. Abu Dhabi is the largest emirate and is the capital of UAE. Abu Dhabi generates most of its income from Oil and its investment authority (ADIA) has the largest pool of sovereign funds in the world (amounting to USD 600 Billions +). That means Abu Dhabi just using one of its funds can pay off the entire debt of Pakistan 40 times!

As for Dubai. Yes its sinking and the worst is yet to come. A lot of job losses are still on the cards especially with the restructing of its biggest firm 'Dubai World'. However, with Abu Dhabi's (or Abu of Dubai as they call it nowadays) hand on its head, this recession wont last forever and recovery will be seen in the next 2-3 years.

Cash is King and UAE as a country has enough of it!

Posted 2 years ago on 09 Dec 2009 7:50 #
Beenai
Moderator

i have been to Dubai in April this year for some workshop on advertising,and has found deserted look of shopping malls .
there were shoppers but lesser as compare to we usually see there ,there were queues at the shopping mall exit for cab ,
but smaller ones ...

i am thinking ,its a bad thing for ppl who live there .
but a good shock for those filthy rich political leaders ,who have invested our tax money in big business ventures there....

Posted 2 years ago on 09 Dec 2009 7:50 #
truepakistani
Member

during last 10 years , pakistanis have invested US$ 50 billion in Dubai.

Posted 2 years ago on 09 Dec 2009 7:51 #
Beenai
Moderator

our looted money has been invested into Dubai business ventures and now Dubai is badly hit by recession so the looted money FROM Pakistani political leaders is also going into the drain ....

Humara paisa na humara raha ,na lootnay walon ka !

Posted 2 years ago on 09 Dec 2009 7:58 #
netengr
blocked

@ Beenai

how do you know that the politicians invested money in Dubai ?
Most of the Pakistan investors in Dubai are business men who have been doing real estate business in Pakistan .

Dragging Pakistani politicians in Dubai issue is not fair

Posted 2 years ago on 09 Dec 2009 8:03 #
Beenai
Moderator

do u know ,new ventures of Zardari in Dubai?
do u know why Zardari has a house in Dubai?
why BB and Zardari was living in Dubai in exile days and not any other country of the world?
do u know ,why Zardari is frequently visiting Dubai every now and then ?

if u dont have answers then u have to believe what i am saying ....as i am NOT saying anything just like that .

Posted 2 years ago on 09 Dec 2009 8:07 #
sasherwani
Members

@ netenger,

Pakistani politicians did invest a lot of money in Dubai. Especially Shaukat Aziz, Nawaz Sharif, Zardari and Ishaq Dar.

Zardari's API Tower right next to Defence Roudabaout in Dubai is a tall example of the corruption of Pakistani politicians. Another Zardari money laundering example would be Dubai Pearl Project in which he heavily invested.

Ironically, both Nawaz Sharif and Zardari have AED30M+ mansions at Emirates Hills where they reside when in UAE.

Posted 2 years ago on 09 Dec 2009 8:10 #
Beenai
Moderator

@sasherwani ,
thats what i wanna tell netengr ...thanks for the help.

maybe ,he thinks that our political leaders are innocent enough to loot money and put it inside Pakistan .

Posted 2 years ago on 09 Dec 2009 8:18 #
netengr
blocked

@beena ,Sasherwani

Thanks for the information ,I did know about their investment ,

---

The dubai bubble hit most of the investors ,I a business man who moved from Pakistan to dubai and invested millions in real estate and have lots his money .

But one of my friend is blessed ,His apartment rent reduced 70 thousand Dirham ,He is saving this money every year now .Also now the Dubai traffic is not as bad as before :)

Posted 2 years ago on 09 Dec 2009 8:30 #
sasherwani
Members

@ Netenger,

The only two things Dubai residents talk about is:

Rents
Traffic

:)

Posted 2 years ago on 09 Dec 2009 8:51 #
netengr
blocked

@beenai

not all politician has loot money only ,Nawaz Shareef was rich businessman before he came in politics ,If he invested somewhere does not mean this he is corrupt unless it is proved in the court .

Posted 2 years ago on 09 Dec 2009 11:09 #
javedsheikh
Members

* Leaders and Politicians of Pakistan managed to siphon over 150 billions (Dollars ?).
* Beneficiaries of NRO managed to legalize over 125 billion (Dollars ?)
* Tax evaders have succeeded to hold over 135 billion (Rupees) as principal.
* Civil and Military Officers of Grade 22 have managed to live luxurious life like Sheikh Khalifa bin Zayed Al Nahayan.
* Pakistanis sacrifice over 100 billions (Rupees) to perform Hajj and Qurbani on Eid-al-Azha, every year.

* Where this money comes from?
* How Pakistan generates that much wealth?
* Is it through Exports or Foreign Aid?
* What are Pakistan's major Exports?

Posted 2 years ago on 09 Dec 2009 11:11 #
jaypk
Member

@proved in court..??? this is the last resort fr politicians nowwadays....lets see in a few more months...no one would be saying this line..Allah karay..!!

Posted 2 years ago on 09 Dec 2009 11:13 #
Beenai
Moderator

@Netengr ,
though i am going off topic but i have to answer u that Nawaz or for that matter any political leader is not as Sharif to have full authority and NOT to go for looting and plundering money...for money minded losers like we have as leaders ,its impossible to believe that they would have been refrained themselves from looting and plundering public money .

where is Qarz Utaro ,Mulk Sanwaro money?
any idea ?

Posted 2 years ago on 09 Dec 2009 11:18 #
Beenai
Moderator

@sasherwani ,
thats true ...i was in Dubai and went broke ,paying cab fares ...
thanks God my ad agency was bearing my expenses of hotel stay .

Posted 2 years ago on 09 Dec 2009 11:24 #
Justapakistani
Member

یو اے ای:نشیب و فراز سے بھرپور اڑتیس برس
http://www.bbc.co.uk/urdu/world/2009/12/091203_dubai_feature_hardy_zs.shtml

Posted 2 years ago on 09 Dec 2009 11:38 #
linkwheel
Member

i am also moving to Dubai after Inter,sayonara

Posted 2 years ago on 09 Dec 2009 12:24 #
zingaro
Member

sasherwani have given good information regarding Abu Dhabi and it is true. These days the two emirates viz a viz Abu Dhabi and Dubai have also developed heat internally as Dubai expected that Abu Dhabi might rush to help her in this hard time but it could not happen. I read a news that Abu Dhabi may ask Dubai to surrender major assets like Emirates Airline, Banks against the monetary assistance. Some even went further and feared about the continuation of federation but I don't think there can be any threat to federation. Both the emirates know very well that any loss to federation may cause a draconian upset for their emirates as well.

Posted 2 years ago on 09 Dec 2009 14:58 #
netengr
blocked

@ Beenai

I think we should start another topic for Qaz utaro Mulk sanwaro issue ,But I think this was just to get popular in public and this was wrong policy cannot be called corruption ,Is there any proof that NS took all the money from this program ? if yes then why this is not challenge in the court .
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javedsheikh wrote :

"Pakistanis sacrifice over 100 billions (Rupees) to perform Hajj and Qurbani on Eid-al-Azha, every year.

* Where this money comes from?
* How Pakistan generates that much wealth?
* Is it through Exports or Foreign Aid?
* What are Pakistan's major Exports? "

@JS

Allah Paak apnay Khazanon say pora kertay hain .

Posted 2 years ago on 09 Dec 2009 15:13 #
zingaro
Member

Javed Sahib .. for the common public i believe you also know that they spent their lives to save enough money to perform Hajj .. secondly "Qurbani" on Eid ul Adha is also made once in a year ... I hope you understand that common public does that out of their salaries or normal incomes...

Posted 2 years ago on 09 Dec 2009 15:25 #
expakistani
Member

@SirJavedshikh

" Pakistanis sacrifice over 100 billions (Rupees) to perform Hajj and Qurbani on Eid-al-Azha, every year...."

Sir Hajj per zaror pabandi laga don, eik bar yeah door band hogia to pher log gunha nhi kareen gey or Hajj ke zarorat nhi hogi.

Qurbani... ager Behari or seekh Kabab bananey nhi atey to Bakra eid nhi honi chahey...

-------------------------------------------------

Beside joke i am worry about non skilled workers in Dubai, what they going to do .... 1000s of families in pakistan and Bangladesh are dependent on their income....

not to make people in dubai upset ... but some thing to smile about ...

Posted 2 years ago on 10 Dec 2009 3:28 #