Why calls to Pakistan have become expensive?

[arshad5]

Re: Why calls to Pakistan have become expensive?

@firenze

UBL Bank = 55% own by NBP & rest Al-Nahyan family of UAE
Bestway = Sir Anwar Pervaiz of UK - minority share holder

No one is saying a word on oversees Pakistani contribution but it yikes me to core when oversees Pakistanis implies they run the country. Real estate schemes have nothing to do with overall economy given they speculate prices and the bubble bust after few year take the whole economy into emergency ward.

Also the major share holder in foreign exchange is by labor class of Middle East not by Europe & North American Pakistanis. Figures are publicly available, but its the oversees Pakistanis of North America & Europe who cry the most.

Lol if Mr Pervez is a minority shareholder in Bestway Cement than who is the majority shareholder?

The government of Pakistan held only 19% of the shares in the Bank. 31% were held by Mr Pervez and his group in 2010 although that may have gone up if the government sold more shares later. Making him the single largest shareholder irrespective.

Real estate allows people in Pakistan to get decent houses as expatriates put up significant capital in a project and wait years before it is developed, which would otherwise not have got off the ground. They create jobs in Pakistan. The pay money to landowners so that they can live comfortably and give their children a good start in life. They spend more money in Pakistan in one month than a average family would do in one year, thereby again contributing to the economy. We help the country in two ways, one by helping create jobs and then by keeping inflation in check in Pakistan. This in an important help for Pakistan. We also give money to charities there.

Expatriate is an expatriate irrespective of where he is in the world. We don’t run Pakistan (unfortunately) but we do more for it than people sitting there do, who enjoy all the perks without performing anything for the country.