Re: NS and IK income and Taxes
Yes father had one small factory which he set up in 1939 as I have mentioned so where is the exaggeration? 42 years ago refers to 1972. By 1972 they had expanded it to be a formidable business in order for it to have been nationalised by Zulfikar Bhutto. After nationalisation they left Pakistan and set up business elsewhere in the world until after the removal of Bhutto, when they returned back to Pakistan. If you had millions in 1970’s now they would be billions just due to compounding, without any special skill being required.