ISLAMABAD: Key members of Imran Khan’s cabinet, retired civilian and military officials and their families as well as owners of some of the country’s top media outlets, secretly own or have owned an array of companies and trusts holding millions of dollars in offshore jurisdictions.
The revelations are part of the Pandora Papers, a new global investigation carried out by the International Consortium of Investigative Journalists (ICIJ) with the collaboration of 600 journalists around the world. The investigation lifts the lid off the shadowy offshore financial system that allows multinational corporations, the rich, famous and powerful to avoid taxes and otherwise shield their wealth. The probe is based on more than 11.9 million confidential files from 14 offshore services firms leaked to the ICIJ.
The leaked documents reveal that several members of Prime Minister Imran Khan’s cabinet, or close members of their families, have holdings hidden offshore in several jurisdictions. Those whose offshore holdings have been exposed in the Pandora Papers include Finance Minister Shaukat Tarin and three of his family members, Minister for Industries and Production Makhdoom Khusro Bakhtiar’s younger brother Omer Shehryar, former federal minister Faisal Vawda and two other family members, Federal Minister for Water Resources Moonis Elahi, Senior Provincial Minister for Food Abdul Aleem Khan, former Special Assistant to Prime Minister on Finance and Revenue Waqar Masood Khan’s son,...
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