11.7 C
London
Tuesday, April 16, 2024
HomeNewsPakistan PM proposes Panama Papers probe in parliament, opposition walks out

Pakistan PM proposes Panama Papers probe in parliament, opposition walks out

Date:

Related stories

‘Pakistan advanced nuclear programme despite economic challenges’

DESPITE economic challenges, Pakistan continued upgrading its nuclear capabilities,...

Ukraine and Britain sign defence cooperation agreement

OFFICIALS in Kyiv have announced that Ukraine and Britain...

Nobel Prize-winning physicist Peter Higgs, passes away at 94

Peter Higgs, the Nobel Prize-winning physicist renowned for proposing...

Modi’s party ropes in influencers to woo young voters

Indian folk singer Maithili Thakur thought she was successful,...

WHO raises alarm over 3,500 daily deaths from hepatitis infections

The World Health Organization (WHO) has issued a warning...

Pakistan Prime Minister Nawaz Sharif asked parliament on Monday to form a commission to investigate allegations stemming from the Panama Papers leak but opposition lawmakers walked out, saying he had evaded questions about his family’s affairs.

Sharif has been under pressure since documents released as part of the Panama Papers data leak showed his children owned several off-shore companies and used them to buy properties in London. He denies wrongdoing, as do his children.

The opposition has seized on the Panama Papers scandal as a fresh opportunity to try to unseat Sharif, who told parliament that his wealth was acquired legally in the decades before he entered politics and no money was siphoned off-shore.

“I can say with surety that … not a single penny went out of Pakistan,” Sharif told the parliament.

Sharif asked the opposition and other lawmakers to help form a parliamentary commission.

Previous efforts to have a retired or sitting Supreme Court judge chair a judicial commission have stalled as all the judges rejected the offer.

It is not clear if the opposition will take up Sharif’s latest offer. They walked out soon after Sharif stopped speaking, angered that seven questions they posed to him ahead of the parliamentary session were not answered.

“Not a single question has been answered by the PM,” said Khursheed Shah, leader of the opposition in the National Assembly.

Imran Khan, leader of the opposition PTI party, said: “We didn’t need to hear such a long story. He could have shown the documents as I have done so.”

Opposition politicians said they would announce on Tuesday their response to Sharif’s speech.

Analysts say opposition attacks on Sharif have lost some of their bite since Khan on Friday admitted he once owned an off-shore company to buy a London flat and avoid paying British taxes.

 

The leak of documents from a Panamanian law firm has captured global attention, uncovering among other things the use of off-shore businesses by wealthy individuals and corporations worldwide. While such off-shore companies are often not illegal per se, their use spurs suspicions of illegal activity, such as money-laundering, corruption, and tax evasion.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here

2 × four =