AGL 8.30 Decreased By ▼ -0.03 (-0.36%)
ANL 10.95 Increased By ▲ 0.25 (2.34%)
AVN 79.70 Increased By ▲ 1.51 (1.93%)
BOP 5.75 Increased By ▲ 0.18 (3.23%)
CNERGY 5.64 Increased By ▲ 0.26 (4.83%)
EFERT 79.36 Increased By ▲ 0.71 (0.9%)
EPCL 67.48 Decreased By ▼ -0.31 (-0.46%)
FCCL 14.89 Increased By ▲ 0.39 (2.69%)
FFL 6.70 Increased By ▲ 0.10 (1.52%)
FLYNG 7.16 Increased By ▲ 0.13 (1.85%)
GGGL 11.60 Increased By ▲ 0.26 (2.29%)
GGL 17.51 Increased By ▲ 0.27 (1.57%)
GTECH 8.35 Increased By ▲ 0.05 (0.6%)
HUMNL 7.17 Increased By ▲ 0.11 (1.56%)
KEL 3.14 Increased By ▲ 0.06 (1.95%)
LOTCHEM 35.20 Increased By ▲ 2.33 (7.09%)
MLCF 28.35 Increased By ▲ 0.05 (0.18%)
OGDC 87.70 Increased By ▲ 3.15 (3.73%)
PAEL 16.63 Increased By ▲ 0.18 (1.09%)
PIBTL 6.05 Increased By ▲ 0.20 (3.42%)
PRL 19.46 Increased By ▲ 1.34 (7.4%)
SILK 1.14 No Change ▼ 0.00 (0%)
TELE 11.41 Increased By ▲ 0.31 (2.79%)
TPL 9.20 Increased By ▲ 0.20 (2.22%)
TPLP 20.25 Increased By ▲ 0.37 (1.86%)
TREET 27.10 Increased By ▲ 0.48 (1.8%)
TRG 96.20 Increased By ▲ 1.70 (1.8%)
UNITY 20.85 Increased By ▲ 0.48 (2.36%)
WAVES 13.90 Increased By ▲ 0.27 (1.98%)
WTL 1.34 Increased By ▲ 0.03 (2.29%)
BR100 4,275 Increased By 67 (1.59%)
BR30 15,794 Increased By 348.3 (2.26%)
KSE100 42,872 Increased By 628.4 (1.49%)
KSE30 16,219 Increased By 247.6 (1.55%)

ISLAMABAD: Prime Minister Imran Khan said on Sunday that his government would investigate about all Pakistani citizens whose names are mentioned in the Pandora Papers and if any wrongdoing is established appropriate action would be taken against them.

The prime minister tweeted following the release of Pandora Papers: "We welcome the Pandora Papers exposing the ill-gotten wealth of elites, accumulated through tax evasion and corruption and laundered out to financial "havens".

The UN SG's Panel FACTI calculated a staggering $7 trillion in stolen assets parked in largely offshore tax havens.

The prime minister said that his over-two decades' struggle has been premised on the belief that countries are not poor but corruption causes poverty because money is diverted from being invested in the people.

'Pandora Papers' could further validate PM Imran's stance on money-laundering: Fawad

Also, this resource-theft causes devaluation, leading to thousands of poverty-related deaths, he added. Just like the East India Company plundered the wealth of India, ruling elites of developing world are doing the same, he said, adding that unfortunately, the rich states are neither interested in preventing this large-scale plunder nor in repatriating this looted money.

Prime Minister called on the international community to treat this grave injustice as similar to the climate change crisis. "If unchecked, inequalities between rich and poor states would increase as poverty rises in the latter, which in turn, will lead to a flood of economic migration from the poor to the rich states, causing further economic and social instability across the globe," the PM said.

Copyright Business Recorder, 2021

Comments

Comments are closed.