Panama leaks busted the name and detail of Prime Minister & Parliamentarian [holding public offices] indulging in massive corruption & investment in offshore companies in Panama & Virgin Islands’ living across the globe.
For Pakistan the Panama law firm Mossack Fonseca revealed the secret money stashed away in offshore countries where Nawaz Shareef children have been named as owners of London Real estate through offshore companies.
And in accordance with British law and laws of other countries that are a legal way to avoid unnecessary tax via offshore companies – having left Pakistan in 1992 and not a resident - Pakistani law says if you are not staying for more than 138 days then you are not required to declare your assets, he clarified.
The prime minster announced a judicial commission to investigate the leaks manifested in panama papers - currently he is in UK for medical check-up.
Hence the credibility of the PM Nawaz Shareef has been compromised and according to the constitution framed at Article # 62 & 63 where morale & integrity of the premier been suspicious therefore he should have been resigned, asked PTI Chairman IK.
Its good time to break the menace of heightening corruption in Pakistan & expose not only politicians but the Business tycoon & Media owners, Bureaucrats & Real estate Executives - do a thorough investigation & confiscate their properties if they don’t bring back the money that’s they transferred just to avoid of tax, give them an exemplary punishment to discourage corruption menace.
It is an open breach who hid & misinformed, his premiership as such goes null and void where Election commission of Pakistan has liberty to verify from NS.
Opposition parties PTI, MQM, PPP, PML (Q), JUI (F), JI, JWP however are of the view to conduct inquiry under retired judges but PTI chairman Imran Khan insistence to constitute a commission under sitting judge of Supreme court of Pakistan to arrange a ‘’forensic audit’’& hire companies of international repute who is capable and expertise in detecting & unearthing offshore crimes to confirm premier NS involvement in Panama papers.
Besides, there is severe criticism among general public about Nawaz Shareef (NS) & Shahbaz Shareef (SS) identified as a route cause of dismemberment & permanent dis-figuration and mutilation of Pakistan economy.
NS basically a business man - an industrialist who works & prefers for his interest. Keeping poor governance & indulging in massive corruption a normal practice if we unfurl his association in Pakistan politics.
The only dogma before NS to plunder national exchequer- misappropriating country’s current account - usurping people due rights - using country’s resources for personal needs - awarding jobs to family and friends on top ranking position in public sectors - declaring govt. owned industries a sick unit & enveloping it with heavy liabilities.
Enabling him (NS) to portray such industries a burden on national economy instead to uplift, revive and revitalizing through administrative and technical expertise to avoid of its disposal at peanut price.
Keeping commission and kickbacks and that’s the reason people say that if NS can run his more than 200 multiple industries in Pakistan why not Pakistan Steel and PIA can be uplifted?, asked the audience at open public forum.
Living in a country where according to Economic Survey approx 70% people fall below the poverty line - if the poverty line is taken in-line with International Standards i.e. $2/- per day - In 2001 poverty line had been determined @ 61% now after 15 years we can say with certainty that it is running around 70-75% because more frustration & depravity and unmanageable social crimes having upward trends.
The world richest PM NS of developing country Pakistan where as many as 60 million people in the country are living in multidimensional poverty with 46 per cent of rural population and 18 per cent of urban households falling below the poverty line, says a survey report published in Tribune 2014.