Times of Islamabad

PM Imran Khan takes important decision over Panama Papers names in Pakistan

PM Imran Khan takes important decision over Panama Papers names in Pakistan

ISLAMABAD: Prime Minister Imran Khan has taken important decision over thePanama Papers case.

PM Khan on Friday ordered to track down those named in the 2016 PanamaPapers.

According to sources in the prime minister secretariat, more than 250people named in the Panama Papers have availed the tax amnesty and most ofthe companies named in the leak have shifted to China.

Sources further said, 175 people named in the leak could not be locatedwhile information regarding 78 was incomplete for which help from agencieshas been sought.

A trove of 11.5 million digital records from the Panamanian law firmMossack Fonseca revealed how many of the world’s wealthy used offshorecompanies to stash assets.

The data were leaked to a German newspaper, Sueddeutsche Zeitung, whichshared them with the International Consortium of Investigative Journalistsand reports appeared in major media from April 3, 2016.