The other option is to declare and then let the future sort itself out. Dubai: Investment flows into Dubai property market from India and Pakistan could come under severe pressure as tax authorities back in Indian and Pakistan take a closer look at overseas purchases made by their citizens. In the first 11 months of , Pakistani investors put up nearly Dh3 billion to acquire properties in Dubai. Tighter scrutiny by tax authorities there could dampen inward flows. Would Pakistani investors sell their property assets in Dubai or elsewhere rather than declare these holdings under the Amnesty Scheme? The most important business and market news each morning. In Pakistan, the Amnesty scheme has worked well — the number of resident Pakistanis who had declared their assets topped 76, plus.
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