Pakistan's NAB consider Panama Papers for probe initiation

Islamabad, April 5 : Pakistan's National Accountability Bureau (NAB) will consider the "Panama Papers" revelations for the possible initiation of an inquiry against those alleged to have offshore companies.

An NAB source told The News on Monday that the top management of the bureau will discuss the leaks to decide whether to initiate an investigation.

Over 200 Pakistanis have been identified and the count is still going up. However, the list does not include the name of any army General -- serving or retired.

The report though reveals the names of people owning such offshore companies It admits that it does not mean that all those having offshore companies have ill-gotten money or are involved in tax evasion or money-laundering, Geo TV reported.

Husain Nawaz, son of Prime Minister Nawaz Sharif, has also told the media that he would welcome any such inquiry by the NAB.

He insisted that the Sharifs did not do any wrong and thus will not be shy to clear their name in any inquiry.

Certain other Pakistani names reflected in the 'PanamaLeaks' have also been under the focus of NAB for different allegations.

IANS