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Panama Papers

Panama Papers are one of the biggest leaks in the human history. International Consortium of Investigative Journalists (ICIJ) released. The panama papers consists of over 11.5 million leaked documents that detail financial and attorney–client information for more than 214,488 offshore entities.The documents, some of which dated back to the 1970s, belonged to the Panamanian law firm and corporate service provider Mossack Fonseca, were leaked in 2015 by an anonymous source.

The documents contain personal financial information about wealthy individuals and public officials that had previously been kept private. While offshore business entities are legal, reporters found that some of the Mossack Fonseca shell corporations were used for illegal purposes, including fraud, tax evasion, and evading international sanctions.

The case was brought to court by Pakistan Tehreek-e-Insaf leader Imran Khan alleging money laundering, corruption, and contradictory statements by Nawaz Sharif, the incumbent Prime Minister of Pakistan, after the Panama Papers leak uncovered links between Sharif’s family and eight offshore companies.

Tahirul Qadri departs for London, vows to return soon

LAHORE: Pakistan Awami Tehreek (PAT) chief Tahirul Qadri on late Sunday night left for London after a brief stay here.   Boarding his flight, Qadri lashed out at former Prime Minister Nawaz Sharif and his family for their alleged involvement in corrupt practices. He said he will return to the country after a fortnight long foreign visit. In a brief interaction with media persons, he said that Supreme Court of Pakistan has granted many opportunities to Sharif family and it is third consecutive chance for the ruling…

UAE work permit of Nawaz Sharif’s wife also surfaces

ISLAMABAD: After the foreign work permits of ousted prime minister Nawaz Sharif and three federal ministers making headlines for several days, one more permit has surfaced. This time round it is Kulsoom Nawaz's, wife of the deposed prime minister and PML-N's candidate for the by-election in NA-120. In a tweet, Pakistan Tehreek-e-Insaf's chief whip in the National Assembly Shireen Mazari posted what she claimed to be the UAE permit of Kulsoom with a caption which reads" Oops! undeclared Sharif family's Iqamas coming out…

Kulsoom’s nomination papers for NA-120 challenged

LAHORE: Nawaz Sharif has been disqualified following the Panama Papers probe unveiling his family’s stashed offshore wealth and it seems the disqualification is continuing to haunt the Sharif family as an aftermath. In a latest development, nomination of Kulsoom Nawaz, wife of ousted PM Sharif, to contest for NA-120 has been challenged as she used name of disqualified person’s party in the election, which according to a petitioner, cannot be allowed. The NA-120 seat, Lahore-III, fell vacant after the Supreme Court of…

Marriyum deplores dismissal of elected PMs before mandated term

ISLAMABAD: Deploring Nawaz Sharif’s ouster, Minister of State for Information Marriyum Aurangzeb on Friday said that the country is yet to witness an elected Prime Minister to complete a five-year mandated term, ARY News reported. Addressing a ceremony here ahead of 70th Independence day, Marriyum lamented that parliament has remained insecure as an institution throughout the country’s 70-year long history. “It’s unfortunate that not a single elected prime minister could complete the mandated tenure,” Marriyum Aurangzeb …

PML-N resolves to file review plea against Sharif’s disqualification: Rafique

ISLAMABAD: Federal Minister for Railways and Pakistan Muslim League-Nawaz (PML-N) senior leader Khawaja Saad Rafique on Friday said that his party has resolved to file a review petition against Nawaz Sharif’s disqualification in the Panama Papers case. He was talking to media persons after taking oath as Minister for Railways on Friday when he asserted that the ruling party should be provided with a fair chance to appeal against the disqualification. Making an appeal for level-playing field, he said that the court must…

Pakistan has become victim of Panama Papers conspiracy: Fazl-ur-Rehman

ISLAMABAD: Pakistan has become victim of Panama Papers conspiracy which led to parliamentarians accusing each other of corruption, said President of Jamiat Ulema-e-Islam (JUI) Maulana Fazl-ur-Rehman adding that Panama is under influence of the United States. “This all (Panamagate) did not unfold automatically. It was hatched at international level in a bid to strip each other,” he said addressing a press conference in Islamabad. Transparent and serious politics should be practiced in the country. An environment is…

Indian media react with fury over Nawaz Sharif’s disqualification

Former prime minister Nawaz Sharif is in the media spotlight for last few days, particularly after his disqualification by the Supreme Court in the Panamagate probe. The media coverage  saw more storm when it transpired that the PM has been disqualified for life, stirring up debate in the political circles of the country. The disqualification news received ample coverage in both national and international media with mixed reactions about the political turmoil in Pakistan and its possible impact in the region. The…

‘Go Shahbaz Go’: PTI turns its guns on next Sharif

Pakistan Tehreek-e-Insaf (PTI) had been pressing for resignation of recently-ousted Prime Minister Nawaz Sharif since he was elected in 2013 general elections and the party amid a wave of protests introduced ‘Go Nawaz Go’ chant that later rose to national prominence... and now the PTI is looking to target Shahbaz Sharif with same ammunition. ‘Go Nawaz Go’ is a political slogan in the country, popularised during the 'Azadi March' and 'Inqilab March' protests against the former Prime Minister Nawaz Sharif, led by the PTI…

Mujtaba Shuja among top contenders to replace Punjab CM

LAHORE: As incumbent Punjab Chief Minister is expected to quit the provincial assembly seat by next week to contest NA-120 by-polls to replace his brother Nawaz Sharif, the provincial Minister for Excise and Taxation Mujtaba Shuja-ur-Rehman is likely to be elected as new chief minister of the province, party sources said. The other top contenders for the provincial CM post include Punjab Law Minister Rana Sana Ullah, Punjab Assembly Speaker Rana Iqbal and Minister for Population Welfare Begam Zakia Shahnawaz. The party…

Timeline: Events leading up to Nawaz Sharif’s ouster

Prime Minister Nawaz Sharif resigned on Friday after the country's top court ruled him unfit for office for failing to disclose income and ordered a criminal investigation into his family over corruption allegations. The prime minister's fall follows revelations in the so-called "Panama Papers" last year, which revealed Sharif's family had bought posh London apartments through offshore companies. Here's a timeline: April 4, 2016  The Panama Papers show involvement of Sharif's family in offshore companies. April 22,…