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_: Starting his business in 1947 with interests in real estate, followed by stock-broking, father of Aqeel Karim Dhedhi , late Haji Abdul Karim Dhedhi, laid the foundation of what today is the AKD Group, one of the premier business enterprises in Pakistan. Being the chairman his vision for the group is to evolve it into a vibrant set of business enterprises operating in the key sectors of Pakistan's economy including financial services, telecom, infrastructure, manufacturing and natural resources. Aqeel Karim Dhedhi strongly believes in the 'first mover advantage'. AKD Securities was the first to launch a stateof-the-art Online Stock Trading service in Pakistan and remains the leader in this arena today. The first institutionalized technology venture capital fund in the country was launched by AKD in the year 2000.
The AKD Group is a major force in Pakistan's real estate market with extensive interests in numerous residential and commercial real estate projects all across the country. The Group has a beneficial ownership in Karim Centre, situated in Saddar, Karachi. Among other projects, AKD Group has also ventured into the development and construction of Creek view and Creek Terraces (The Arkadians) opposite Golf Club Karachi.
AKD Capital was one of the 1st two companies to have been awarded Real Estate Investment Trust (REITs) license.
AKD Group also has interests in various sectors including oil and gas, telecommunication and technology, equity brokerage, asset management etc. In addition, AKD Group is a partner with Port of Singapore Authority (PSA) to set up a Free Trade Zone (FTZ) in Gwadar.
PAGE: IT IS BEING SAID THAT YIELDING TO PRESSURE FROM BROKERS THE GOVERNMENT HAS DECIDED TO ALLOW THROUGH A PRESIDENTIAL ORDER INVESTMENT OF BLACK MONEY IN THE CAPITAL MARKET, GIVING THEM AN OPPORTUNITY TO WHITEN MILLIONS OF DOLLARS IN UNDECLARED EARNINGS. YOUR VIEWS.
AKD: In my view, the government's actions will in fact help documentation in the economy since tax returns and wealth statements will still need to be filed. To say that there is no track record or traceability is incorrect and misleading especially when every account opened by an investor requires an account opening form carrying necessary background details and bank verifications with payments made through cheques which provide a complete transaction trail. In this...