Tuesday, July 19, 2016

Opposition to hold no further talks with govt on Panama ToRs

ISLAMABAD: The joint opposition on Tuesday decided not to hold any further talks with the government on the terms of reference (ToRs) of Panama leaks probe.

Opposition parties today held a meeting in Islamabad to discuss prospects of Panama leaks investigations. The joint opposition decided to table a bill in the Parliament, which will be named as Corruption Bill.

The meeting, however, turned down the suggestion of taking to streets in protest against the government for using delaying tactics in finalizing the ToRs of Panama Papers probe.

An unprecedented leak of 11.5 million files from a Panamanian law firm Mossack Fonseca, spanning over nearly 40 years, spelled out the extensive use of tax havens by politicians, world leaders, and celebrities to launder money and evade taxes had taken the world by storm earlier this year.

Many Pakistanis were also named in the leaked documents.

The documents identify a number of Pakistani business tycoons and politicians including late two-time Prime Minister Benazir Bhutto as well certain members of the ruling Sharif family (excluding PM Nawaz Sharif and his brother Chief Minister of Punjab Shahbaz Sharif) to have used tax havens to hide their wealth.

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