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Will investigate all citizens mentioned in Pandora papers: PM Imran

Nearly 700 Pakistanis named in 'Pandora Papers'. (Source: AP)

ISLAMABAD: Soon after the Pandora papers were released on Sunday, Prime Minister Imran Khan has vowed to investigate all those Pakistanis mentioned in the report, saying if any wrongdoing was established “we will take appropriate action.”

“We welcome the Pandora Papers exposing the ill-gotten wealth of elites, accumulated through tax evasion & corruption & laundered out to financial ‘havens’,” the Prime Minister wrote on Twitter.

The premier continued, “The UN SG’s Panel FACTI [International Financial Accountability, Transparency and Integrity] calculated a staggering $7 trillion in stolen assets parked in largely offshore tax havens.”

“My government will investigate all our citizens mentioned in the Pandora Papers and if any wrongdoing is established we will take appropriate action. I call on the international community to treat this grave injustice as similar to the climate change crisis,” he added.

In another tweet, the Prime Minister wrote, “If unchecked, inequalities between rich & poor states will increase as poverty rises in the latter. This, in turn, will lead to a flood of economic migration from the poor to the rich states, causing further economic & social instability across the globe.”

The report

Among those named as holding foreign assets are Finance Minister Shaukat Tarin, his family, and the son of Prime Minister Imran’s former adviser for finance and revenue, Waqar Masood Khan.

Senator Faisal Vawda, Ishaq Dar’s son, PPP’s Sharjeel Memon, the family of Minister for Industries and Production Khusro Bakhtiar, PTI leader Abdul Aleem Khan among those with alleged links to offshore companies.

Besides, retired government officials, former and incumbent bureaucrats, businessmen including Axact’s owner Shoaib Ahmed Sheikh are also mentioned in the report. The ICIJ released a report on the Pandora Papers titled “Prime Minister Imran Khan promised ‘new Pakistan’ but members of his inner circle secretly moved millions offshore.”