ISLAMABAD – A representative conference of lawyers of the country rejected the demand from some of lawyers’ bodies for resignation of the prime minister in the backdrop of Panama verdict on Friday. The conference was convened after some of lawyers’ bodies demanded the resignation of the prime minister to ensure independent working of the joint investigation team […]

Panama City (AFP) – The co-founder of the law firm at the center of the Panama Papers scandal says the fallout has set off a “thriving” boom in the creation of tax shelters in the United States. Juergen Mossack, who partnered with Ramon Fonseca to create the Panamanian firm Mossack Fonseca, said in a document […]

– File photo ISLAMABAD: The Supreme Court’s special bench on Friday constituted the six-member Joint Investigation Team (JIT) headed by Wajid Zia Additional Director of the Federal Investigation Agency (FIA) to probe Panama Papers case. Other members of the investigation team include Brigadier Muhammad Nauman Saeed from the Inter-Services Intelligence (ISI); Brigadier Kamran Khurshid from […]

Pakistan’s Supreme Court on Friday set up a high-level six-member Joint Investigation Team (JIT) to probe corruption charges levelled against Prime Minister Nawaz Sharif and his sons in the Panama Papers case. A three-member panel of judges reviewed the names submitted by various departments that had been ordered to do so by the apex court’s […]

Luxembourg has shared information with other countries on cases of possible tax evasion in relation to the ‘Panama Papers’, according to Finance Minister Pierre Gramegna. Gramegna, responding to a request from the EU Investigation Committee on Money Laundering, Tax Avoidance and Tax Evasion (PANA), said the exchanges took place partly spontaneously and partly at the […]

By Joe Kirwin European politicians are looking to force U.S. banks to exchange tax data with governments within the 28-nation bloc. With frustration mounting because the U.S. hasn’t adopted the OECD’s common reporting standard, members of the European Parliament asked the European Commission to propose a mandate to negotiate an accord with the U.S. to […]

Criticising the formation of JIT by the Supreme Court to further investigate the prime minister and his sons over corruption allegations, he said it was not possible for the team to carry out transparent investigation if Nawaz Sharif continued to be the prime minister. The SC directed to form a JIT comprising National Accountability Bureau […]

Says lion is paper made and bat is local made BADIN: Pakistan People’s Party Co-chairman Asif Ali Zardari said on Wednesday even the judges had said that Mian Sahib (PM Nawaz Sharif) you would have to leave now, adding that the prime minister was waiting for the Senate elections in March but the PPP would […]

LAHORE – Jamaat-e-Islami Senator Sirajul Haq has said that every person named in Panama papers would stand accountable after the ruling family trial.   Addressing a press conference at Mansoora on Wednesday, he said that the JI would chase every corrupt person so that the cancer of corruption could be wiped out from the homeland. He […]

NEW DELHI: The Income Tax department has sent over 260 requests overseas seeking information in connection with its tax evasion probe in the Panama papers leak case. The Enforcement Directorate (ED) has also initiated investigations in 49 cases to probe the alleged contravention of forex laws by the entities named in this list under the […]