NA Speaker constitutes 12-member body to probe Panama leaks

Islamabad—National Assembly Speaker Sardar Ayaz Sadiq has constituted a 12-member parliamentary committee which will decide the terms of reference (ToRs), timeline and the relevant forum to investigate the Panama Papers revelations. A notification in this regard was issued on Tuesday with the committee scheduled to hold its first meeting on Wednesday and complete its task within two weeks.
The body has been constituted nearly a week after Prime Minister Nawaz Sharif had announced in his parliamentary address that the panel, with equal representation the government and the opposition, would formulate ToRs to probe the scandal.
Leaked documents from the Mossack Fonseca law firm in Panama last month showed the premier’s three children – sons, Hassan and Hussain, and his daughter, Maryam – owned at least three offshore holding companies registered in the British Virgin Islands.
Finalised names of committee members Senator Muhammad Ishaq Dar, Senator Aitzaz Ahsan, Senator Mir Hasil Khan Bizenjo, Senator Muhammad Ali Khan Saif, Senator Ilyas Ahmad Bilour, MNA Khawaja Muhammad Asif, MNA Khawaja Saad Rafique, MNA Akram Khan Durrani, MNA Anusha Rehman Khan Advocate, MNA Makhdoom Shah Mahmood Hussain Qureshi, MNA Sahibzada Tariqullah and MNA Chaudhry Tariq Bashir Cheema.
Composition and ToRs
According to the notification issued by the NA Secretariat, the committee shall;
(1) Consider options for inquiring into important issues raised by Panama Papers and other reports in the media regarding (i) Offshore companies (ii) Transfer from Pakistan the funds originating from corruption, commissions or kick-backs; and (iii) Written-off bank loans, with priorities to be determined by the committee and recommend the most appropriate such forum.

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