Pakistan

Panama Papers: Parliamentary committee on ToRs meet today

ISLAMABAD: The 12-member parliamentary committee, which will decide the Terms of Reference (ToRs) for the judicial investigation of Panama Papers, will hold its first meeting on Wednesday (today), ARY News reported.

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The meeting will be held at 04.00 p.m. Pakistan Standard Time (PST).

Speaker of National Assembly Sardar Ayaz Sadiq had approved the committee which will decide the ToRs for the judicial probe of the allegations leveled by the Panama Papers against the children of Prime Minister Nawaz Sharif and others in Pakistan.

The committee comprises of Defence Minister Khawaja Muhammad Asif, Finance Minister Ishaq Dar, Railways Minister Saad Rafique, Housing and Works Minister Akram Khan Durrani, Information Technology Minister Anusha Rehman, Ports and Shipping Minister Hasil Khan Bizenjo, Pakistan People’s Party (PPP) Senator Aitzaz Ahsan, Pakistan Tehreek-e-Insaf (PTI) MNA Shah Mehmood Qureshi, Pakistan Muslim League – Quaid (PML-Q) MNA Basheer Cheema, Jamaat-e-Islami (JI) MNA Sahibzada Tariqullah, Muttahida Qaumi Movement (MQM) Senator Barrister Saif and Awami National Party (ANP) Senator Ilyas Bilour.

According to a notification issued by the Secretariat of National Assembly, the NA Speaker can replace any member of the body of the request of the parliamentary party’s leader.

The body will set the Terms of Reference for investigating offshore wealth, written off bank debts and loans and transfer of funds earned through corruption or illegal means.

It will prioritize the importance of each of the above mentioned issue and will submit a report in two weeks.

The Panama Papers had claimed that PM Nawaz Sharif’s children Maryam, Hassan and Hussain Nawaz had offshore wealth and are owners of companies outside Pakistan.

The opposition parties had demanded the federal government to carry out a judicial probe of the claims after which the prime minister wrote a letter to the Chief Justice of Pakistan for the formation of judicial commission to investigate the matter.

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