Panama Case: Joint Investigation Team probe

[tarrar]

What about the rest of the nation itself??
I mean other than you and some other patriots on this forum (of course including me) do you really think people bother?
Other than discussing only this nation isn't capable of anything else. Why one should blame the corrupt elite class only when even the poorest of this country themselves are corrupt, liar and characterless.
Characterless leaders for a shameless nation.
The Quran itself says Jaisey tum khud hotey waisey hi hukumraan tum par musalad kardiye jaeingey.
I don't know about you but I don't think we are capable of good leaders until or unless we change ourselves.

It is true what the Quran says & nothing good can be expected from these uneducated & incompetent people, but who can save Pakistan they (PA) should do it.

 

[Arsalan]

This verdict is a big joke with Pakistan. Ishaq Dar is clear, Maryam Safdar is clear, Safdar is clear, the judges are oy talking about how much incompetent FIA & NAB is, there is absolutely no verdict against them?? How?

Similarly this JIT is a big joke against Pakistan, except for ISI & MI rest all are completely & massively corrupt filled with ganja & gadaris favourites. How can any one expect these bastards to question their father?

Pakistan is going towards complete anarchy thanks to corrupt & treacherous politicians. This DEMOCRAZY is only for ganja & gadari families & they are pushing Pakistan towards chaos & anarchy. Gen. Bajwa will seriously have to think about saving Pakistan.

What else were you expecting sir? Were you thinking that SC will just disqualify NS directly and throw him out of the office? That was not possible and we all discussed that in detail before the decision was announced. What else you think should have happened?

 

[kabooter_maila]

if you are expecting Justice from those Sell out judges than good luck ..
for me Supreme court is useless Organization where Judges ka lunda bazar held ..
there is no difference between a Prostitute and a Judge , both will do anything for Money

Come on, man. You're getting emotional just for nothing. Need to understand that a court cannot punish someone without having solid evidence as its basis. In this case both sides failed to offer authenticated evidence in their support. Than how the judges could punish NS. The court went ahead in right direction i.e. professional examination of the submitted evidence and possibly unearthing anything hidden. Again only experts and professionals can do that. Judges are not investigators. They interpret and apply laws. That's what they will do once JIT submits its report. Even then the court either restarts case anew or sends it to another court because the two parties must be given a chance to defend their positions in the court before the final court decision. It's a long process but we, as a civilized nation, must stick with that. Please don't get emotional and insult judges. That may cost you dearly.

 

[Airdef95]

It is true what the Quran says & nothing good can be expected from these uneducated & incompetent people, but who can save Pakistan they (PA) should do it.

Well thanks to Allah that at least our forces are not like others. But that's what I'm trying to say that no good leader, no savior can do any good to this incompetent nation until the nation itself realizes it's faults. And again it's not about only a few percent of the Patriots. Each and every one of us should make this country strong. Be it a child, rich, poor or whosoever.
And as far as Army is concerned.. Not only PA but all three forces are doing a perfect job.
This nation only needs chittar or even worse.

 

[Proudpakistaniguy]

Come on, man. You're getting emotional just for nothing. Need to understand that a court cannot punish someone without having solid evidence as its basis. In this case both sides failed to offer authenticated evidence in their support. Than how the judges could punish NS. The court went ahead in right direction i.e. professional examination of the submitted evidence and possibly unearthing anything hidden. Again only experts and professionals can do that. Judges are not investigators. They interpret and apply laws. That's what they will do once JIT submits its report. Even then the court either restarts case anew or sends it to another court because the two parties must be given a chance to defend their positions in the court before the final court decision. It's a long process but we, as a civilized nation, must stick with that. Please don't get emotional and insult judges. That may cost you dearly.

JIT will not be independent and there will be no free and fair investigations as long as Nawaz stay in power. Its funny that all judges made fun of NAB, FIA and others institutions and then made JIT who will rely on finding of these same corrupt institutions

 

[Lavrentiy]

It is true what the Quran says & nothing good can be expected from these uneducated & incompetent people, but who can save Pakistan they (PA) should do it.

Last time I checked, it was PA that failed to save East Pakistan. Nothing good can be expected from the most corrupt institute of Pakistan i.e. Armed Forces.

 

[HAIDER]

ISLAMABAD: The joint investigation team (JIT) being formed to probe the money trail of the assets owned by Prime Minister Nawaz Sharif and his family will not be able to obtain information from other countries through the multilateral Convention on Mutual Administrative Assistance in Tax Matters until September 2018.

Pakistan formally became a part of the 109-member Organisation of Economic Cooperation and Development (OECD) — the global regime that allows for information sharing regarding taxation and financial matters — in April 2017 and will automatically begin to exchange and receive records of assets from next year.

Under the multilateral convention, Pakistan will receive information regarding Pakistanis holding funds abroad and will begin to exchange similar information with other countries whose citizens hold bank accounts in Pakistan from July 2018. Details of non-residents will span the period between July 2017 and June 2018, as well as for those bank accounts opened before this period.

Most tax havens have no bilateral treaty with Pakistan, thus not bound to share information
On a reciprocal basis, Pakistan will also receive information regarding Pakistani holdings in 109 countries for the same period.

This process begins later for Pakistan as it was one of the last countries to join the OECD.

In its decision on Thursday, the Supreme Court ordered the JIT to complete its probe within 60 days and framed 13 questions, which will have to be investigated and answered.

When offshore companies of more than 444 individuals, including the PM’s sons, were revealed in the Panama Papers and Bahamas leaks, the Federal Board of Revenue (FBR) formally initiated an investigation into the leaks in September 2016.

A tax official told Dawn the JIT could only rely on alternative local and personal sources abroad to probe the case, if needed and required. The JIT would mainly be relying on information as provided by the prime minister and his sons, he said.

But Pakistan has no bilateral treaty on avoidance of double taxation with nine other tax havens, identified in the leaks, which could bind them to share information with Pakistan.

According to details available with FBR, the 444 individuals named in the leaks are said to own companies in the following nine tax havens: the British Virgin Islands (271), Bahamas (25), Panama (84), Seychelles (44), Niue (10), Samoa (four), Mauritius (three), Anguilla (two) and Jersey (one).

Two of these nine tax havens — Bahamas and Nieu — are not signatories of the OECD multilateral convention, while the seven others directly or indirectly fall under the purview of the convention.

Of these, three territories are in direct control of the United Kingdom — the British Virgin Islands, Anguilla and Jersey. Of the 444 individuals, 274 are said to own companies in these three tax havens alone. In March 2014, the UK extended the scope of the OECD convention to these territories.

The companies associated with the family of the prime minister were mostly based in the British Virgin Islands.

Other tax havens, such as Panama, will enforce the OECD convention from July 1, 2017.

To get detailed information about the offshore companies, the FBR approached nine tax havens through the Ministry of Foreign Affairs.

An official confirmed to Dawn that letters were dispatched to the governments of all nine havens on October 18, 2016, seeking the necessary information and documentary evidence from their revenue authorities.

On Feb 17, 2017, the FBR sent a reminder to the foreign ministry to follow up on the issue. “We have received one reply from Samoa, which declined to share information with Pakistan,” a tax official said, adding that their plea was that Islamabad had no bilateral double taxation treaty with Samoa.

Since then, the official said, FBR had initiated the process to solemnise a bilateral treaty on avoidance of double taxation with Samoa. “We are also considering bilateral treaties with all other tax havens,” the official said.

But these treaties will be of no use to the JIT, since they will become effective after its stipulated time period would have expired.

According to the FBR’s intelligence directorate, the board issued a total of 344 notices to individuals identified as owners of offshore companies in the Panama Papers. The notices sought information regarding ownership of companies/entities and details about their financial and tax matters.

The FBR’s Directorate of Intelligence and Investigation (Inland Revenue) received responses from 250 individuals and a breakdown shows that 72 individuals were confirmed as owners of offshore companies.

According to officials, 12 of them were reported as being dead in the responses received from their widows. Interestingly, 55 of the individuals claimed that they had no links with the offshore companies mentioned in the Panama Papers.

Thirty-nine individuals replied that they did not fall under the jurisdiction of Pakistani authorities because they were non-resident Pakistanis. In 72 cases, the process of investigation was adjourned for various reasons and in 84 cases, notices could not be served as the individuals remained untraceble.

Around 155 individuals in the Panama Papers were identified as directors of 600 companies in Pakistan. “Most of these individuals have not filed any income tax returns,” a revenue official said.

Published in Dawn, April 23rd, 2017

 

[Arsalan]

Last time I checked, it was PA that failed to save East Pakistan. Nothing good can be expected from the most corrupt institute of Pakistan i.e. Armed Forces.

To be honest, even that was a political screw up!!
What is funny though is that the party who commited that idiocy have come to power multiple times, the latest was during last regiem! This is what we as a nation as capable of.
Bhutoo AJJ bhe zinda ha, despite EVERYTHING.

 

[Baghial]

I don't trust society to protect us, I have no intention of placing my fate in the hands of men whose only qualification is that they managed to con a block of people to vote for them.” ― Mario Puzo, The Godfather

 

[Lavrentiy]

To be honest, even that was a political screw up!!
What is funny though is that the party who commited that idiocy have come to power multiple times, the latest was during last regiem! This is what we as a nation as capable of.

While you conveniently forget that it was our beloved General Ayub who discriminated against Bengalis in resource distribution and other state affairs.

The military, along with politicians like Bhutto had no shame in refusing to hand over power to Mujib.

The shamelessness and self-righteousness was so extreme that they declared him a traitor while forgetting he was one of the activists of the Pakistan Movement before 1947 while the military officers were serving British interests for their salaries.

Nobody has ever pondered what lead a true patriot to become rebellious. If we West Pakistanis have a shred of honour left in us, we should hang our heads in shame rather than abusing Mujib.

 

[Baghial]

IN MY REALISTIC OPINION ABOUT JUSTICE FOR RICH IN PAKISTAN BY OUR COURTS
IS LIKE A GAY MARIAGE BETWEEN 2 MAN
AND THEN HOPING FOR A BABY.
THAT WONT HAPPEN IN A MILLION YRS, EVEN WITH A TRILLION TRIES

 

[Kompromat]

All Pakistanis nominated in Panama scandal should be arrested and kept in detention until they return the money.

 

[Arsalan]

While you conveniently forget that it was our beloved General Ayub who discriminated against Bengalis in resource distribution and other state affairs.

The military, along with politicians like Bhutto had no shame in refusing to hand over power to Mujib.

The shamelessness and self-righteousness was so extreme that they declared him a traitor while forgetting he was one of the activists of the Pakistan Movement before 1947 while the military officers were serving British interests for their salaries.

Nobody has ever pondered what lead a true patriot to become rebellious. If we West Pakistanis have a shred of honour left in us, we should hang our heads in shame rather than abusing Mujib.

wow
that was an emotional speech
however when you cool down do read my post again. I am not abusing Mujib, my comments were against Bhutto huzoor
So before you go after someone all guns blazing, at least take a moment or two to see and understand what they are SAYING.

 

[Arsalan]

Have the Supreme Court made public the 12/13 points that JIT will be investigating on? TOR of sorts?

Anyone?

@PakSword @Guvera @Farah Sohail @Verve @El Sidd ??

 

[Guvera]

Have the Supreme Court made public the 12/13 points that JIT will be investigating on? TOR of sorts?

Anyone?

@PakSword @Guvera @Farah Sohail @Verve @El Sidd ??

I think yes they did, i ve read some where.