Done No Wrong, says Nawaz Sharif’s Son

The Economic Times - - Around The World -

The fam­ily of Pak­istani Prime Min­is­ter Nawaz Sharif (in pic) was de­fi­ant on Mon­day, de­fend­ing their own­er­ship of off­shore com­pa­nies. Among those named are three of Sharif’s four chi ld ren — Maryam, Hasan and Hus­sain, with the records show­ing they owned Lon­don real estate through off­shore compa- nies ad­min­is­trated by the firm. Hus­sain told the coun­try’s largest pri­vate broad­caster Geo that his fam­ily had done “noth­ing wrong”. “Those apart­ments are ours and those off­shore com­pa­nies are also ours,” he said in com­ments aired by the chan­nel Mon­day.

“It is ac­cord­ing to Bri­tish law and laws of other coun- tries that it is a le­gal way to avoid un­nec­es­sary tax via off­shore com­pa­nies.”

He left Pak­istan in 1992, he added, and there­fore is not res­i­dent, adding Pak­istani tax law “says that if you are not stay­ing in Pak­istan for more than 138 days, then you are not re­quired to de­clare your as­sets”.

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