October 5, 2021
2 mins read

Pandora papers leak exposes more high profile Pakistanis

Renowned journalist and editor of Pakistan Today, the late Arif Nizami was also among those who had their names in the report. …reports Asian Lite News

More Pakistani individuals ranging from media group owners to family members of army personnel to businessmen and executives were identified in the International Consortium of Investigative Journalists’ (ICIJ) Pandora Papers — a major international research into the financial holdings of high-profile individuals around the world, Dawn reported.

The exposé was unveiled on Sunday and some of the names already reported include prominent figures from the PTI-led government including Pakistan Finance Minister Shaukat Tarin and Senator Faisal Vawda.

A report by The News published on Monday said Jang group editor-in-chief Mir Shakilur Rehman, Dawn CEO Hameed Haroon and Express Media Group CEO Sultan Ali Lakhani also owned offshore companies.

Renowned journalist and editor of Pakistan Today, the late Arif Nizami was also among those who had their names in the report. He owned New Mile Production Limited in BVI that was incorporated in July 2000 with him and his wife declared as its beneficial owners.

The report by The News identified more former military leaders and their family members named in the Pandora Papers.

According to the report, the son-in-law of former Punjab governor Lt Gen (retd) Khalid Maqbool, Ahsan Latif, owned an offshore company Dylan Capital Limited that was registered in the BVI jurisdiction.

It added that according to the documents, the company was incorporated for “investment holding for certain properties in the UK and the UAE, but it was used for importing LPG (liquid petroleum gas) from Russia’s Vacus Oil Company Ltd”.

Zahra Tanvir, the wife of Lt Gen (retd) Tanvir Tahir, was also identified by the report as owning an offshore company, Ener Plastic Limited, in the BVI jurisdiction.

Javed Afridi, owner of the Peshawar Zalmi franchise, also owns three offshore companies according to revelations from the Pandora Papers: Old Trafford Properties Ltd, Sutton Gas Works Properties Ltd and Gas Works Property Ltd.

According to the report, National Bank President Arif Usmani incorporated a company, Sasa Partners Inc, in the BVI offshore tax havens in March 2018. It added that the Pandora Papers revealed him to be the company’s beneficial owner where he kept bankable assets.

The report also identified the managing director of National Investment Trust, Adnan Afridi, as having registered an offshore company, Veritas Advisory Services Ltd, in the BVI jurisdiction in October 2011.

ALSO READ: Russia pinpoints Pakistan as culprit behind terror in Afghanistan

ALSO READ: India terms Pakistan world’s biggest destabilising force

Previous Story

EU’s first event at EXPO 2020 titled ‘EU Green Deal’

Next Story

India vows to curtail emissions in Antarctic atmosphere

Latest from -Top News

Beijing Targets Hong Kong Democracy

Latest annual UN report highlighted the growing and sophisticated trend of cross-border repression targeting human rights activists…reports Asian Lite News The United Nations, in its latest report on reprisals, revealed that two

‘1945 INA trial gave Congress huge impetus’

Congress’ freedom movement against British rule got a tremendous impetus from the 1945 showpiece trial of three officers of Netaji Subhas Chandra Bose’s Indian National Army (INA), says CPI(M) leader Subhashini Ali

Minorities in Bangladesh Live in Fear

Minorities are insecure in Bangladesh, be they ethnic or religious. The Bengali-speaking Hindu minorities have been facing attacks regularly since the fall of the Sheikh Hasina government … writes Rahul Sharma The

Pakistan, Afghanistan Seek Calm

The Doha talks are seen as a crucial step in de-escalating hostilities, addressing security concerns, and preventing further civilian casualties along the Afghanistan-Pakistan border. Afghanistan and Pakistan have agreed to an immediate
Go toTop

Don't Miss

Balochistan leader warns Pak govt over CPEC

The local people have been protesting against Chinese projects as

Shehbaz ready to fight ‘tooth and nail’ against inflation

The reason for this shortage is reduced area under wheat