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700+ Pakistani named in Pandora Papers

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Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com
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The International Consortium of Investigative Journalists (ICIJ) unveiled “Pandora Papers” — major international research into the financial secrets held by high-profile individuals around the world. Meanwhile, here are the details revealed so far.

The International Consortium of Investigative Journalists (ICIJ) published a report on the Pandora Papers titled “Prime Minister Imran Khan promised ‘new Pakistan’ but members of his inner circle secretly moved millions offshore.

This massive reporting effort brought together more than 600 journalists from 150 media outlets in 117 countries across the globe. One of the ICIJ’s members from Pakistan is The News investigative journalist Umar Cheema.

The report revealed the “key members” of Prime Minister Imran’s inner circle, including cabinet ministers, their families, and major financial backers “have secretly owned an array of companies and trusts holding millions of dollars of hidden wealth”.

The report also mentioned that “Military leaders have been implicated as well,” and clarified that the documents contained “no suggestion” that Imran himself owned offshore companies.

The prominent figures revealed so far are:

  • Finance Minister Shaukat Tarin,
  • Minister for Water Resources Moonis Elahi,
  • Senator Faisal Vawda,
  • Ishaq Dar’s son,
  • PPP’s Sharjeel Memon,
  • Family of Minister for Industries and Production Khusro Bakhtiar,
  • PTI leader Abdul Aleem Khan
  • Axact’s CEO Shoaib Sheikh
  • Ali Dar
  • Arif Usmani (President National Bank of Pakistan)
  • Ali Jahangir Siddiqui

Known financial analyst of Pakistan Ashfaq Tola said that formation of offshore companies isn’t illegal unless the person or group of persons do not evade the tax of origin country

International leaders whose names are in the Pandora Papers include:

  • Shah Abdullah of Jordan
  • Tony Blair, former prime minister of the UK
  • Qatar’s ruler
  • Leaders of Ukraine, and Kenya
  • Czech PM Andrej Babis

Pop Singer Shakira’s name is also included in the Pandora Papers.

The #PandoraPapers is the biggest dataset ICIJ has ever investigated, 2.94 terabytes of confidential information from 14 offshore service providers — enterprises that set up and manage shell companies and trusts in tax havens around the globe.

“We’re not talking about millions of dollars here, we’re talking about trillions of dollars,” ICIJ director Gerard Ryle said.

ICIJ announced the release on Saturday in a tweet saying that it was the “most expansive exposé of financial secrecy yet”.

Prime Minister Imran Khan tweeted on the information revealed by the Pandora papers:

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Ibrhaim Dancha
Ibrhaim Dancha
13 days ago

Can’t wait to see Imran Khan’s reaction 😋

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