PAC to discuss the issue of Panama leaks today, Notices issued to 450 people

The Public Accounts Committee will discuss the issue of Panama leaks today (Thursday). Sources told daily times that PAC would meet opposition leader Khursheed Ahmad Shah at parliament house on a single point agenda: the Panama leaks. PAC issued notices to the finance secretary, the State Bank governor, the federal board of revenue chairman, the security and exchange commission chairman, DG FIA and NAB officials to ensure their presence in the committee today. The Parliamentary body ordered all above departments to provide working papers to all the members of PAC at least three days before the meeting. PTI members will raise serious objections to not initiate any formal investigations of the scandal while government members have been directed to defend the prime minister and his family in the meeting.The Federal Board of Revenue (FBR) on Saturday sent notices to people accused in connection to the Panama leaks as Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan severely criticized the board’s chairman over his ‘inaction’ after mega scandal surfaced, a spokesperson said.

The FBR has dispatched notices to 450 people including Prime Minister Nawaz Sharif’s children, Maryam Nawaz and Hussain Nawaz. Panama Leaks had disclosed that sons and daughter of the prime minister were holding off shore holdings.

The letters ask if they own any offshore companies or not. If the individuals have offshore companies, the letter asks them to provide details.

The move comes some moments after Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan severely criticized the FBR chairman for what he called failing to take action against those who have offshore holdings.

“I speak to you, the head of FBR, I know how much money you sent to Dubai on monthly basis,” Imran claims while addressing the participants of Pakistan Ehtesab March at Shahdara in Lahore.
“I state this to you today that if the Prime Minister manages to escape accountability on Panama leaks more institutions will be destroyed,” he added.
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