Panama leaks case: PM Nawaz denies holding offshore companies

ISLAMABAD: Prime Minister Nawaz Sharif on Thursday during hearing of the Panamagate petitions, submitted his reply in the court, denied holding offshore companies, Aaj News reported. 

The reply was submitted by the counsel of the government, Salman Butt. The Prime Minister, in his reply, submitted that he does not own any offshore entity. The reply states that the Prime Minister regularly pays taxes as per the law and submits the details of assets with the Election Commission of Pakistan.

Awami Muslim League chief Sheikh Rasheed also submitted his Terms of Reference (ToR) in the court.  He said that details of the prime minister’s assets and source of income from 1985 till 2016 should be investigated.

While hearing the case of Panama Papers, Chief Justice of Pakistan Anwar Zaheer Jamali announced that a single member bench comprising a sitting judge of the Supreme Court will be constituted for investigation into Panama Papers.

The Chief Justice said that the commission will have all the powers of the apex court.

Anwar Zaheer Jamali said that the court will not drag proceedings of the case. He made it clear that the court will not be bound to the terms of reference of the parties rather it will be for the bench to fix the terms of reference for the commission.

The apex court further directed the counsel to submit the replies of remaining respondents on the next hearing on Monday – Nov 7. The parties have also been asked to submit their terms of references on that day.

Speaking to journalists outside the court after the hearing Pakistan Tehreek-e-Insaf chief Imran Khan said, “The prime minister did not submit reply for his children, the nation is watching, seven months have gone by and when the Panama Case is being heard he is not cooperating.”

“He said he was happy that the SC had taken up this case. “When the judgement comes people will know whether we were spreading chaos or not.”