ISLAMABAD: The government has indicated that Prime Minister Nawaz Sharif will not immediately bring back his family’s foreign investment to the country due to technical reasons.

“Due to laws of foreign countries, bank loans and job security of employees, the Sharif family cannot bring back its offshore investment to the country in the near future,” Pakistan Muslim League-Nawaz (PML-N) lawmaker Daniyal Aziz told reporters after a joint press conference with Federal Minister for Capital Administration and Development Division Tariq Fazal Chaudhry.

Asked why the prime mi­­nister was not bringing back his wealth from abr­o­­ad though he urged foreign investors and overseas Pakistanis to make investment in Pakistan, Mr Aziz avoided a direct answer and accused Pakistan Tehreek-i-Insaf chairman Imran Khan of keeping his wealth outside the country and evading taxes.

Speaking at a press conference, the PML-N leaders rejected another set of documentary evidence presented by the PTI against the Sharif family and termed it ‘contradictory’ to previous stance of the opposition party.

“Today the PTI submitted a set of documents to the Supreme Court which contradicted the party’s own stance in Panama Papers case,” Mr Aziz said.

He said the PTI tried to confuse the apex court as the documents were submitted when the court was about to conclude the case. “If the evidence was so important and relevant, then why the PTI had not submitted it when its lawyers were given time for arguments,” he added.

The court had said in the last hearing that it would hear points of view of the National Accountability Bureau and the Federal Board of Revenue in the next hearing to ascertain the role of the two organisations regarding the Pan­a­ma Papers scam, he said.

“But today, the PTI submitted piles of documents as delay tactics and to confuse the court,” the legislator said.

He said the new documents carried distorted facts and figures regarding income of Maryam Nawaz, daughter of Prime Minister Sharif, and foreign investment of the Sharif family.

“There is a lot of contradiction between the contents of new papers and the documents earlier submitted by the PTI,” he added.

Published in Dawn, February 21st, 2017

Editorial

Ominous demands
Updated 18 May, 2024

Ominous demands

The federal government needs to boost its revenues to reduce future borrowing and pay back its existing debt.
Property leaks
18 May, 2024

Property leaks

THE leaked Dubai property data reported on by media organisations around the world earlier this week seems to have...
Heat warnings
18 May, 2024

Heat warnings

STARTING next week, the country must brace for brutal heatwaves. The NDMA warns of severe conditions with...
Dangerous law
Updated 17 May, 2024

Dangerous law

It must remember that the same law can be weaponised against it one day, just as Peca was when the PTI took power.
Uncalled for pressure
17 May, 2024

Uncalled for pressure

THE recent press conferences by Senators Faisal Vawda and Talal Chaudhry, where they demanded evidence from judges...
KP tussle
17 May, 2024

KP tussle

THE growing war of words between KP Chief Minister Ali Amin Gandapur and Governor Faisal Karim Kundi is affecting...