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ISLAMABAD: After the Sharif family was named in the Panama Papers ─ one of the biggest leaks in history ─ Prime Minister Nawaz Sharif's son, Hussain Nawaz Sharif, told Geo that his family had done "nothing wrong" as they defended their ownership of offshore companies.
The Panama Papers leak, comprising 11.5 million documents from Panama-based law firm Mossack Fonseca, shows how some of the world's most powerful people have secreted away their money in offshore jurisdictions.
Among those named are three of Nawaz's four children ─ Maryam, who has been tipped to be his political successor; Hasan and Hussain, with the records showing they owned London real estate through offshore companies administrated by the firm.
"Those apartments are ours and those offshore companies are also ours," Hussain said in comments aired by the channel Monday.
"There is nothing wrong with it and I have never concealed them, nor do I need to do that."
"It is according to British law and laws of other countries that it is a legal way to avoid unnecessary tax via offshore companies."
He left Pakistan in 1992 and is therefore not resident, he said, adding that Pakistani tax law "says that if you are not staying in Pakistan for more than 138 days, then you are not required to declare your assets".
'Voluntarily present ourselves before NAB'
Pakistan Tehreek-i-Insaf (PTI) chief Imran Khan on Monday claimed that the revelations in the Panama Papers vindicated his party's stance and reiterated his call for fresh elections and probes by the National Accountability Bureau (NAB), Federal Board of Revenue, and the Election Commission of Pakistan.
Regarding Imran's call for NAB to investigate the matter, Hussain Nawaz said "We voluntarily present ourselves before it or any other judicial and investigative institution in Pakistan."
And he issued one final dig at Khan, calling on him to provide "proof that the prime minister has not declared his assets".
"If he is successful in that then we are ready to accept our fault and undergo punishment," he said.
Imran Khan is set to hold a press conference in Bani Gala at 5pm.
Sharif family's offshore holdings are legal, says Pervaiz Rashid
Speaking to the press on Monday, Information Minister Pervaiz Rashid strongly rejected revelations of the Panama Papers.
"Two children of [Nawaz] Sharif used to live abroad. They did not do any illegal work, all their assets are white money, there is nothing wrong in it."
"Can Imran Khan or other politicians claim none of their kith or kin reside abroad or do business offshore?"
Rashid continued: "In 1970, Sharifs’ companies were nationalised without due compensation, their homes were snatched, was that not injustice?"
"They decided their father is in politics and so they’ll stay away from politics. They were forced to take these decisions by authoritarian rulers of the past."
Read more
‘Panama Papers’ reveal Sharif family’s ‘offshore holdings’
Panama Papers: Secret accounts of the rich and powerful
The mystery of Raiwind palace ownership
Offshore accounts: What they are and how they are used
What the Panama Papers disclose about Pakistan’s politicians
Bollywood stars in spotlight after Panama Papers leak
On DawnNews
Comments (130) Closed
Apr 04, 2016 01:12pm
we know that already,nawaz is innocent and Imran khan is responsible for all the problems Pakistan have.
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Apr 04, 2016 01:16pm
Something is really odd about this leak. All the US and UK based newspapers are focusing on Putin and Bashar Al-Assad, while they weren't even mentioned in the document.
As for the house of Saud, isn't Saudi Arabia a tax free zone, and its a monarchy, they do as they please. Now David Cameron's father was listed in the documents, yet no one is questioning him.
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Apr 04, 2016 01:17pm
Till yesterday, they did'nt have any off shore businesses. Now they are legal. Were they showing the same in their tax returns. Its just a lame twist to cover corruption and tax evasion.
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Apr 04, 2016 01:24pm
Khan is right in his statement.
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Apr 04, 2016 01:24pm
this is what IK was saying in his dharna for 126 days has proven now .... PPP and PML(N) are the real enemy of the Pakistan Not only RAW.........
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Apr 04, 2016 01:24pm
The question is not about the legality of how the money was stashed, its about how it was earned in the first place?
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Apr 04, 2016 01:27pm
1. Why do you need off shore accounts in the first place?
2. How did Sharif family acquire this wealth and how /when was it transferred to off shore accounts?
3. Do share receipts of bank transfers if it was done through legal means.
4. Cayman Islands, Monaco & Panama are known for managing illicit wealth of global elites.
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Apr 04, 2016 01:31pm
Our Enemy is not INDIA or any other country or any agency .. Our Politicians are our Worst enemies get rid of them ASAP.
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Apr 04, 2016 01:32pm
The question Mr. Sharif is not about the legal standing of having assets , the question here is from where did your family amassed such large amounts of wealth?
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Apr 04, 2016 01:37pm
hold on, they kept this money offshore so they don't pay any tax on it, THIS is the reason, legal it may be, but it exposes their dishonesty towards the system that enabled them to amass this amount of money. they are not paying tax but they want common citizen to pay? so this is not democracy.
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Apr 04, 2016 01:40pm
and mr sharif pays only Rs. 5000 annual tax
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Apr 04, 2016 01:57pm
Absolutely shameful; those that are downplaying the significance of these leaks are either doing it deliberately or do not understand to the full extent the meaning of these leaks. IK was/is correct in saying we need to get rid of status quo
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Apr 04, 2016 02:00pm
yeah right, i remember a friend of mine who cousin was a minister in previous provincial government helped him getting a contract (Theka) a big one in which he worked upto the mark and delivered, he made something like 3 corer profit in it. later on when he recived the money..he gave half of it back to his cousin for helping him.this exmaple i justed stated is also corruption no matter excellent work was delivered by contractor but its nepotisim .thats how no just you people most of the politicians make money. getting toll plaza contracts etc, even when new roads are built they give contracts of cutting trees to their relatives. well the supreme entity is watching no matter what you do he is watching, what goes around come around.hope you get to enjoy what you people have made, which i dont think so.
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Apr 04, 2016 02:06pm
Hussain says ' if you are not staying in Pakistan for more than 138 days, then you are not required to declare your assets'. Agreed. But how will you defend Maryam Nawaz? She is not only residing in Pakistan but also a politician..
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Apr 04, 2016 02:12pm
The issue is not of legality, it is the source of the funds and their concealment.
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Apr 04, 2016 02:13pm
Question is, how did she earn the money from to owe such wealth. She and her siblings are not known to work in Pakistan. If the wealth belong to her father, why did he not revealed this during last election when submitting his nomination papers? Was there any tax paid in Pakistan? British law is worth the paper it is written on when it comes to Pakistan own law. We're Pakistani laws followed?
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Apr 04, 2016 02:18pm
Making secret properties, what else evidence our majority illiterate voters want to stop being loyal to these corrupt names. Also remember ARY news was stopped by PEMRA on last Saturday for breaking this news..
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Apr 04, 2016 02:33pm
NS will call an inquiry commission to fast evade from this predicament. He will live happily ever after.
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Apr 04, 2016 02:35pm
As always people are following the hard despite of the fact that most do not even know the first thing about Wealth Management. Individuals as well as Corporates 'stash' their earnings in tax havens to pay lower taxes. This is smart money management and there is nothing illegal with that. Please read how Apple has save 8B$ in taxes by choosing to retain its earning in Ireland. For those saying that this money was acquired illegally - please visit the court with proof. From Jinnah Pur to Swiss Banks we have been hearing accusations without proof for decades.
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Apr 04, 2016 02:45pm
Where are all PMLN supporters now. I wonder if they still support Nawaz family after these revelations ??
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Apr 04, 2016 02:52pm
@Zubeida Aapa Get your facts right, Apple is a corporate concern that has off shore offices, they have complied with International Standards to retain money offshore or kept in a different country. Here we are talking about business and cash of people that have been denying these for decades and today they say its all legal. The PM should tell the Nation from where they became Billionaires (not in Rs but in dollars) starting from Scratch.
No one catches the big fishes, while a petty tax payer is asked by FBR to show how he earned money and how the tax was calculated.
What right does a person to rule a country to ask others to invest in it when he himself is hiding money to avoid taxes etc. in other countries and lying to the Nation about it.
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Apr 04, 2016 02:53pm
Off shore accounts is legal but dishonestly intended way to save taxes. This is a way that tax experts use to avoid paying taxes. The bigger question is how the Shariff accumulated that wealth in the first place before all these account story come unto place.
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Apr 04, 2016 03:00pm
Imagine if all this wealth was invested in Pakistan.
How many jobs it could create? How many kids could get quality education? How many millions could be lifted out of poverty?
Sheer greed, selfishness and contempt for a poor country - the one they all want to rule.
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Apr 04, 2016 03:04pm
Boss nothing wrong just we want to know the source of money and we would like to know how your family built this empire in such a short time !!!!
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Apr 04, 2016 03:04pm
@Zubeida Aapa . The issue is not what was the money doing there, the issue is how it was aquired. A poor family in Pakistan (from the tax paid in Pakistan) has so much money abroad, isn't one entitled to ask the question . Also could some of this be invested in Pakistan to prove to foreign investors that Pakistan is safe. IF this scandal does not wake Pakistani public then we are dead nation and deserve everything happening at the moment.
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Apr 04, 2016 03:05pm
@Zubeida Aapa
There is a difference between Tax-Evasion and Tax-Avoidance. One is illegal, the other is morally wrong. But thats not all, such offshore companies are also used for illegal activities. Most intelligence agencies use a similar setup to pay their assets/agents. Like wise, throughout the 70s, 80s and 90s, Pakistan, UAE and Saudi-Arabia used a similar network to purchase nuclear material without detection.
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Apr 04, 2016 03:09pm
The laws and our judicial system is so devised by these same people....that they can with confidence say that they have done nothing wrong.....but does that make them right or innocent ?
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Apr 04, 2016 03:10pm
Don't they report wealth and income and tax to election commissioner. If they concealed they disqualified running or holding elected office.
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Apr 04, 2016 03:12pm
@Zubeida Aapa - Apple openly declares its business in Ireland and Ireland is not a tax haven shrouded in secrecy for ill-gotten money. If Panama leak hadn't occurred no one would have known whereas in Ireland business is conducted in the open and it’s in public record, so there is a clear difference!
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Apr 04, 2016 03:15pm
@Zeeshan Khan There is huge difference between Corporate Tax Planning and taking advantage of International Tax Treaties to minimize taxes, and Tax Evasion through shifty Wealth Management and Offshore accounts.
Tax avoidance is legal. Tax evasion is illegal.
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Apr 04, 2016 03:25pm
No you haven't. But we have by voting for you guys
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Apr 04, 2016 03:27pm
There is nothing wrong in keeping noes money and property anywhere in the world...and what about the small small Pakistanis even shopkeepers and retired people buying properties in Dubai...
When I was growing up my grandmother used to tell don't keep all your money in one pocket distribute it in all the pockets...it is the same...
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Apr 04, 2016 03:27pm
I can understand Sharifs trying to justify their wealth but how on earth Pervaiz Rashid, Information Minister of Pakistan, can come on record and defend them without being privy to the Sharifs businesses, accounts and personal estate.
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Apr 04, 2016 03:30pm
Legal or not legal, what hurts is the fact that the PM of a country doesn't contemplate providing jobs to the citizens of his poor country in order to avoid tax evasion and instead continue stacking loads of money elsewhere. Do we deserve these insincere people as our leaders??
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Apr 04, 2016 03:30pm
These people must really think that all of us Pakistanis are stupid. They don't realise that they can fool some of the people sometimes BUT not all the people all the time. Time has come for the nation to get these people out of their luxuries and sue them for every single rupee they have stolen for many decades.
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Apr 04, 2016 03:33pm
Some of the large companies do have financial accounts in tax heaven countries. What is wrong with that? they are managing their wealth very well. Banni galla tax, how much? Pervez Khattak tax how much? Problem is big with those who have assets in Pakistan and still don''t pay tax or with those who sharply manage their taxes? Imran Khan's assets his 2 sons where are they? In Pakistan? Imran khan wants only power and that is it and for that he will don anything to malign the Govt. paying no focus on KPK. He should have been at KPK saving families and visiting the affectess of floods but no he is here to reach to power. Mr Imran Mind it even if Nawaz quit politics, you are now not an option for people of Pakistan largely due to your ever increasing hunger and anxious attitude coupled with 0 performance and fake documents.
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Apr 04, 2016 03:34pm
Off Shores companies are basically meant for black business and tax evasion so there is no justication by telling people that we own them and we have got them through our blood and sweat...
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Apr 04, 2016 03:47pm
The Sharifs are defending their 'legitimate' use of shell companies through which they own properties abroad. The question is whether PM's son in the 90's use his family cash to buy those assets or the kickbacks and corruption proceeds from the mega projects, find their way into the offshore companies accounts of Nielson & Nescol? Simply put they need to provide the proof of the source of their legitimate transactions.
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Apr 04, 2016 03:48pm
People still vote for Nawaz League godd luck Pakistani people.
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Apr 04, 2016 03:50pm
From where they got billions of dollars money, how they transferred and why they did not inform to the nation.
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Apr 04, 2016 03:51pm
Ofcourse, Shariffs have not done anything wrong otherwise they would not loot the country and transfer money overseas.
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Apr 04, 2016 03:56pm
Hang on a minute!
Offshore companies count to tax evasion, and we have punishments for that right?
They want people to pay tax but they don't themeselves want to pay tax.
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Apr 04, 2016 03:58pm
Sir
Looting the country and amassing properties abroad may be fine with the corrupt leaders but it is considered a crime in free world.
This is why the people of Pakistan are being kept illiterate so that they do not read papers and can be fooled easily by these corrupt leaders and their families!!!
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Apr 04, 2016 04:02pm
If Nawaz,Shabbaz or Maryam have illegally amass this wealth and could be proven, then they should be removed and tried. As for rest of the family they are businessman and should be investigated as such.
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Apr 04, 2016 04:05pm
NZ will form a committee to wipe all the evidences and he will name it Investigation committee.
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Apr 04, 2016 04:05pm
Human mind is so sophisticated and it can justify anything and everything. But basic and fundamental truth always stands clear. The question here is where did this money come from. Tax avoidance is more important for the rulers and their families OR improvement of lives of the people and country they rule? Are they justified to borrow more monies and leaving burden of payment to masses while major portions of borrowed monies are so compromised? All these are moral issues and higher office occupiers must have high morals per the requirements of their selection/election. But do they? People for their own sake and for the sake of their next generations to reject such rulers who are hell bound to extract economic soul of their land. But after knowing all this, will they?
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Apr 04, 2016 04:05pm
@Zubeida Aapa You're confusing disclosure laws required of publicly listed companies, like Apple, and secretive and shell offshore companies devised to conceal the ownership of assets and thereby, source of the wealth, and thereby taxes due.
So, essentially, in this case, you are literally comparing Apple with Oranges!
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Apr 04, 2016 04:13pm
@Zahid Zia
More than 200 Pakistanis have been identified in the list so far. All big names from political background including your party.
Have you found Imran Khan's name or any other member of his PTI?
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Apr 04, 2016 04:17pm
How did they move the money out of Pakistan to establish/acquire these companies? How did they make the money?
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Apr 04, 2016 04:19pm
Jago Pakistan. Fight for your right Quaid-e- Azam have made this country for all of us, so we all have to take care of this country. If we all fight for corruption We can put this to an end.
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Apr 04, 2016 04:24pm
Nobody says he has done any thing wrong
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Apr 04, 2016 04:36pm
The question isn't of tax avoidance because it's legal. The issues are:
a) How money was earned
b) How money reached to safe heaven from Pakistan
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Apr 04, 2016 04:41pm
The issue is not whether you have done something wrong or not. That the Income Tax authorities and courts will decide as and when the case comes up. The issue right now before you is whether the information that has come out is true or not.
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Apr 04, 2016 04:43pm
@Karachite You have a point. But there is a lot of information in public domain today. People will do selective questioning. But in the end, it will all catch up.
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Apr 04, 2016 04:44pm
Is Maryam Nawaz also non resident?
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Apr 04, 2016 04:48pm
Of course. They are very honest and hard working family, an example to us all. That if you are honest, decent, uncorrupt, you make it big. They do so much good. Sharif has become a PM for the third time because he is just SO good for the country and economy. Pakistan is developing fast, poverty is vanishing, there is a lot economic development because this very competent man has been in charge of the country. His other friends Zardaris/Bhuttos are also very respectable and honest family. They have built Sindh into a powerhouse and they are so democratic. They believe in democratic values. So much honesty, my eyes hurt.
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Apr 04, 2016 04:48pm
Dear PM,
Taxes are to be paid by the working classes only who are trying to make ends meet. You should go invest more in Panama, Saudia, UK , USA etc. since the returns are as per your satisfaction... Thanks for not paying taxes and don't you worry we will vote for you in 2018 because we love you so much for the "roads and stuff".
Long Live the Shareef's (Pakistan ki kher hai)
Yours obediently,
Pakistanis...!
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Apr 04, 2016 04:51pm
Technically what they are doing is not legal. However it raises questions. For one where did they get all this money from? 2) If this is what we DO know what about all the money what about what we DONT know? 3) What moral justification does PML have when he siphons off money to save money instead of paying to his nation, PK? How can you call yourself a patriotic, die-hard Pakistani when PKs interests aren't first but rather your bank account? Remember he is PM of . Irony is this money is stored offshore. Just that says a lot.
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Apr 04, 2016 04:53pm
What did Nawaz children did do since 1992 to earn such large assets which resulted in hiding thru Panama firm? Being so patriot, why didn't these children of financial genius not invest in their motherland? As you may recall, even the nephew, and Faizalabad mayor hid his assets oversease!
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Apr 04, 2016 04:54pm
if you check office income tax records in 1984 Mr N S only paid 180 rupees and for many years paid 0.00 declaring no income! so the question is how did he aquire so much wealth? and now he has all this wealth why doesn't he paid take on it? is this fair? i am a low paid clerk and i think i have paid more tax than the sheiffs
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Apr 04, 2016 04:54pm
Off shores are considered notorious even in the west as tax evasion heavens. This is a big news in British press too and in particular they have mentioned Sharif family on the front page.
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Apr 04, 2016 04:54pm
The constitution of Pakistan does not allow our elected representative to indulge in any profitable activities.
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Apr 04, 2016 04:55pm
Simple, take the matter to the court
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Apr 04, 2016 04:59pm
@Ansir.khan exactly right..... We want answers
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Apr 04, 2016 05:16pm
Only chief Justice of Pakistan can appoint a commission to investigate ,
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Apr 04, 2016 05:41pm
Sure, they have done nothing wrong. This is what we stupid people of this land deserve.
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Apr 04, 2016 05:56pm
So altaf Bhai and mqm bad for 700k£ but all other politicians ok after billions of £ worth of corruption.
How biased are we?
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Apr 04, 2016 06:00pm
The law is made by you for yourself intelligent enough to make scape door for you but every common man is paying taxes on petrol,milk bread mobile card soap and on this you are taking trillions of rupee loan which he and his next generations will pay.
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Apr 04, 2016 06:10pm
If they had kept the money in Pakistan, we wouldn't have had to beg IMF and the World Bank for loans. Shameful!
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Apr 04, 2016 06:12pm
Of course he/they have done nothing wrong. Who in their right mind would call corruption, money laundering, not paying taxes and other vices as wrong in Pakistan. No it is not wrong it is norm.
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Apr 04, 2016 06:18pm
NO!!!! they have not done anything just looted the people and the country and made fortune out of the billions they have milked. No they are all good to go yes people are so dumb what can you say right!!!!!
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Apr 04, 2016 06:25pm
Because all wrong is right in your book.
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Apr 04, 2016 06:25pm
'Done nothing wrong' by not declaring your assets dear Sharifs?? Why is NAB still silent? Where did 150 scandals go that had these allegations?
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Apr 04, 2016 06:31pm
As a Pakistani leader, Nawaz should show all his assets and there should be an investigation about how the made so much money in the short time???
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Apr 04, 2016 06:35pm
On the election form, there is box to declare "World Asset"! Did Mr Nawaz Sharif declare at that fom? If he didn't, his election is void! And the ball could be in the court of election commission!
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Apr 04, 2016 06:38pm
Having a business or assets is not illegal, but having no trail of the money behind it and no declaration of those assets is CRIMINAL!
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Apr 04, 2016 06:45pm
"We have done nothing wrong', PM Nawaz Sharif’s family reacts to leak"
Previous Government also say so, every one is clean & honest in the government, only the masses are wrong doers & sufferers.
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Apr 04, 2016 06:50pm
poor Bhutto, Nawaz, Zardari, Chaudhry & Family: Wish they had done something 'WRONG' by abiding the law of the land!!!
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Apr 04, 2016 06:55pm
In present law and system question is "why they own that much month". Question is how did they earn it. If they earn it through legal ways and paid all due taxes than no question but if they earn it through corruption, nepotism or bribing officials through cash or other incentives being in government then they are bunch of criminals.
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Apr 04, 2016 06:59pm
Guys! interestingly, Senator Osman Saifullah is a member of the Tax Reform Commission set up by the government to check revenue leakage, broaden the revenue base and improve tax administration. This person is himself accused of offshore business empire in different countries.
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Apr 04, 2016 07:07pm
Let them show us legal documents showing source of this money. Where did all this money come from when they have earned nothing as they all together payed less than a crore rupees in taxes since 1947 to 2010. And then they don't have a legal transaction of money from Pakistan. Hussain Nawaz lied that they had bought these companies after selling their steel mills in Saudi Arabia in 2005 but the papers clearly show that they bought these companies in 199s. On the other hand Mariyam lied that her brothers do not own anything abroad.
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Apr 04, 2016 07:41pm
Prime Minister Nawaz Sharif's , his son Hussain Nawaz Sharif, Hussain Nawaz Sharif and daughter Maryam Safdar did nothing wrong. Wrong are the people of Pakistan who elected them to power. It is the people who will take the family to task.
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Apr 04, 2016 07:43pm
What else to expect from?
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Apr 04, 2016 07:48pm
If it's honestly earned money why hide it, bring it back to Pakistan and pay taxes on it. If it's illegal, then they should face the music.
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Apr 04, 2016 07:54pm
stop to elect the corrept politicians
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Apr 04, 2016 08:07pm
Sharif family thinks there future and money is more safe and secure in UK than in Pakistan. Pakistan give nothing to them. Why don't they get UK citizenship and settle there?
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Apr 04, 2016 08:10pm
Model Ayan has to suffer a lot even she has to go to jail, when she tried to take dollars to Dubai. Where is law for Sharif family? they are hiding much larger amount in UK?
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Apr 04, 2016 08:12pm
When anybody has heard a criminal will admit that he/she is criminal?
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Apr 04, 2016 08:23pm
when prime minister himself is in corruption, who will save the nation?
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Apr 04, 2016 08:27pm
Pakistani money stashed overseas to avoid paying taxes is a crime. Accountability is a must. Nawaz family is not above the Law.
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Apr 04, 2016 08:34pm
YES, They have done NOTHING WRONG.
What else Pakistanies can expect from these politicians
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Apr 04, 2016 08:35pm
Forget about others my dear. Look within your country
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Apr 04, 2016 08:39pm
Shariffs like Zardari made money using political influence...first they make money in corrupt ways then they run away to their off shore heavens! No accountability at all!
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Apr 04, 2016 08:40pm
yeah nothing wrong, this awam deserves to be looted!
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Apr 04, 2016 08:49pm
Friends, these politicians come in power to serve themselves. We need accountability one which is not influenced or control by these politicians. So much corruption where is the light? I hope and pray people can understand and vote in those who are sincere.
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Apr 04, 2016 08:52pm
Yeah right. When has any politician accepted that s/he is guilty??
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Apr 04, 2016 08:58pm
@Zahid Zia - Just for the record, its the sharif's family that owns offshore accounts not the Imran Khan family. What have elections and Imran khan's political standing got to do with it? I am sorry but your logic/ argument has no relevance here.
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Apr 04, 2016 09:06pm
Of course nothing wrong. This is business as usual for these people.
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Apr 04, 2016 09:10pm
The British government asked on Monday for a copy of leaked data on the clients of a Panama-based law firm so it can examine the information and act on any possible tax evasion.
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Apr 04, 2016 09:17pm
Looting poor people money!
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Apr 04, 2016 09:17pm
What is done is done,
Nawaz Sharif and Maryam Sharif claim to be patriots, would it not be appropriate for them to invest at least 25% of their new found wealth in the country that they rule ?
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Apr 04, 2016 09:17pm
Did Sharif family declare there offshore assets? No, I do not think so. Regardless legal or not; they lied. So not trustworthy to lead the nation.
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Apr 04, 2016 09:20pm
@Karachite Check out BBC news, relevant department has started to investigate in the UK.
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Apr 04, 2016 09:27pm
No wonder as to why poor people in Pakistan die of hunger or commit suicides.
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Apr 04, 2016 09:53pm
Why Pakistani politician don't understand simple thing majority of people don't trust them . Even they don't do anything wrong they will get blame for everything. So don't be stupid and don't do anything which rise suspicion.
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Apr 04, 2016 10:01pm
Having offshore companies or bank accounts is not a crime. This disclosure proves nothing against the Sharif family. Money laundering is of course unlawful which remains unproven as of this date.
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Apr 04, 2016 11:05pm
As they say in the West: 'Fool me once. Shame on you. Fool me twice. Shame on me.'
After all these revelations and widespread suspicion of corruption by the current and past leaders of PML-N and PPP, if the same cabal is re-elected to ruin the country, than the people will not have anyone to blame than themselves. People in the end, get the leaders they deserve. That speaks more about the ignorance of the populace than the cunning leaders who seek their votes.
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Apr 04, 2016 11:06pm
@Wali Very simple, Parvez Rasheed wants to remain Information Minister.
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Apr 04, 2016 11:24pm
For any politician and bureaucrats holding public office and not making illegal money is very rare. The honest are far and few, the crooks widespread.
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Apr 05, 2016 12:09am
Let Nab investigate it
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Apr 05, 2016 01:44am
How about the daugter of Nawaz Shatif, Marrium? She is resident of Pakistan & has not declared any corporations or offshore assets. They should get her for tax evasion. Also, all Sharif must declare & justify where they got the initial investments into these sham corporations to begin with?
Nab must act now! Enough is enough. Everytime Zardari & Sharif come to power, they loot the people & get richer.
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Apr 05, 2016 01:51am
The consequences, Just a day after Indien prime minister Mody visiting Saudi Arabia?
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Apr 05, 2016 03:01am
It is time for the public with moral values to do dharna on this issue; problem is moral values are had to find and it not just Pakistan , morality is a commodity in short supply all over the world.
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Apr 05, 2016 03:06am
Now we will see how Ch Nisar reacts, or one would assume that his principles are just for others.
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Apr 05, 2016 03:43am
@AKB and yet peoples keep electing the corrupt leaders over and over again?
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Apr 05, 2016 04:29am
Yes Mam'm you are right, the wrong start with minimum 10 billion dollar.
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Apr 05, 2016 05:11am
who makes laws that defines this behavior as legal? Why not change these laws? I am sure PM and ziradari will be in forefront to change these laws. In most devloped countries, its a crime punishable by jail time and fines.
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Apr 05, 2016 06:24am
Legally correct - morally wrong
That's the loop hole all rich people have been using to evade taxes - but if you are a leader, you should lead by example and do what you expect masses to do - pay taxes
If you as a leader don't believe in the system, why do you expect common people to pay taxes
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Apr 05, 2016 06:42am
@Ansir.khan .. ..... That is called capitalism.
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Apr 05, 2016 11:31am
Our country is one of the poorest in the world..and most of population doesn’t have access to basic amenities ..and these politicians are hiding their wealth ..Investing money abroad..Buying properties and starting business to provide employment in other countries ..While making trips on the expense of Pakistani tax payers and asking foreigners to invest in Pakistan..pure hypocrites ..no sincerity to the country. And if those was not enough ..the one topping the list from Pakistan is Senator Osman Saifullah ( member of the Tax Reform Commission set by PML-N..BRAVO ..India has already started a probe on this ..and in Pakistan ..The probe will most probably be led by the culprit... (Senator Osman Saifullah )...and yet again people blindly vote for these parties
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Apr 05, 2016 12:22pm
It's legal, only in Pakistan. No wonder they never want to leave power.
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Apr 05, 2016 01:15pm
An off shore account in which Mariam Nawaz is shown as owner was opened in mid 90s when she was probably 17-18y ,so money must not be earned by her and NS was paying aooRs.477 as tax for almost five years during this perioud.So , legally money in neither earned by MNS or NS ,then from where it came ??Answer Mr.Nawaz Sharif ,,,what was the need to open off shore account when both of youu were not earning ?.Sorry to say they delbrately kept 70% of population illitrate so that they cannot understand the game
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Apr 05, 2016 03:10pm
OK thanks for letting us know.
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Apr 05, 2016 03:11pm
@khan How can Imran Khan be responsible for anything when he is not the leader.
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Apr 05, 2016 03:12pm
@Karachite Actually Putin was mentioned in the documents....But they wonder where all the money is going too... Considering what Russia is doing in Syria.
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Apr 05, 2016 03:47pm
of course what is wrong with siphoning off millions of USD from Pakistan and money laundering... :)
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Apr 05, 2016 08:02pm
Fine they got this money abroad legally. Have they declared and paid tax on it in Pakistan before they moved it abroad. If so can they show the tax returns.
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Apr 05, 2016 08:16pm
If the Sharifs are honest in their dealings and they have nothing to hide, maybe they should let the authorities do a complete audit of how their billions were earned, having sugar mills, textile mills and properties worth million(dollars that is) yet they pay very little taxes, I find myself asking the same questions again and again, its nothing new, the questions have been raised several times, we the public just never gets the honest answers, the truth, it maybe all white money but so are the answer, they are all white lies to avoid paying taxes yet they expect the poor people to step up and pay more,whenever you(Sharifs) decide to pay more, we the public can start paying more too, as of right now, based on what you own and the percentage you pay according to your holdings, we the public should also pay according to our earnings.That would be fair, and let me tell you, the IMF will be all over the government for not collecting taxes or increase in their collections.
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Apr 05, 2016 08:16pm
No , you have done no wrong. It is the people who have done wrong to elect you.
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Apr 06, 2016 09:45pm
I am open for any celebration that is fun, has good food, good deals for shopping, brings people together and generates a feeling of togetherness and community.
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