Posts Tagged Ishaq Dar Empire

 

Date: Sat, Feb 8, 2014 at 1:27 AM

 

* HDS Tower in Cluster of Jumeirah Lakes Tower, Dubai, is only one of
the 34 storey buildings that belongs to the mighty HDS Group. The News
Tribe learnt that several other buildings in Jumeirah Lake Towers, Business
Bay and International City, like the HDS Sunstar Towers, are also owned by
the millionaire brothers, surprisingly Pakistanis.*

http://www.hdsgroup.org/about-hds

* The owners of HDS Group, Ali Dar and Hasnain Dar, are none other than
the sons of finance minister of Pakistan, Senator Ishaq Dar. It’s worth
mentioning here that the elder son, Ali Dar, is also the son-in-law of
Pakistan Muslim Leagues’ leader, Mian Mohammad Nawaz Sharif. Apart from
several real estate ventures, The HDS Group had also launched HDS Rent a
Car, in Jumeriah Lake Towers, in July 2012. Senator Ishaq Dar’s son, Ali
Dar, takes the Lamborghini Aventador LP 700-4 for the inaugural run. The
uniqueness of the car rental company lies in its array of niche car
manufacturers and models of cars unavailable to the market. HDS Rent a Car
owns the 2012 Lamborghini Aventador LP700-4, Mercedes Benz SLS 63 AMG
Gullwing, apart from the more economy cars such as Peugeot and Renault.
Some of the many exotic, luxury and SUVs in the line up are the the
Ferrari Berlinetta F12 and the McLaren F1, and you can do the numbers
yourself! *

*The owners from a ‘poor and starving’ country Pakistan, where the** average
monthly income for an individual is $41, *
*are offering such** exotic services in Dubai, which even the local
**rich **Emiratis
fail to afford.*

* Madhu Bhindari, the Indian Billionaire who invested money in Dubai with
Pakistani politicians. Sources further told The News Tribe that the story
does not end here; another Finance Minister from the Nawaz Sharif
Government, made hundreds of real estate transactions with Madhu Bhindari,
an Indian billionaire entrepreneur, who is on a run-away from Dubai, after
losing 150 million dirhams in the 2008 crisis. However, the finance
minister’s buildings and investments are still there, earning a
hefty income. A Pakistani real estate agent, who claimed to carry out
transactions for a serving government officer in Sindh Government, told The
News Tribe that a lot of Pakistani bureaucrats and politicians have
properties worth millions in Dubai. “The son of a serving government
officer from Sindh government invested a huge amount of money in real
estate here in 2008, and I carried out transactions for him,” the agent
claimed. “Where are these politicians getting the money from?” asked a
frustrated Pakistani in Dubai, who came to know that the building he lived
in is owned by Ali and Hasnain Dar’s HDS Group. “If they have billions of
dollars and so much money, why is it not in Pakistan? These politicians
talk about the welfare of Pakistani people, but all they can think about
is themselves!”*
* Previously, Directors of Swiss Bank had stated that Pakistan has
around 97 billion dollars only in Swiss Banks. But, it seems that
Pakistani politicians and businessmen have more than 97 billion dollars
outside the Swiss Banks, invested in various countries and financial hubs
like Dubai.*
* According to the Swiss Bank directors, if the money is utilized for the
welfare of Pakistan and its people, then Pakistan can make tax free budget
for next 30 years, can create 60 million jobs, can carpet four lanes road
from any village to Islamabad, provide endless power supply, every citizen
can earn Rs. 20,000 salary for the next 60 years and there is no need to
take loans from IMF or World Bank. *