Sec­ond bomb­shell of Panama Leaks

Pakistan Observer - - EDITORIALS & COMMENT -

AS po­lit­i­cal hul­la­bal­loo caused by rev­e­la­tions in the first phase of Panama Pa­pers is still rock­ing the boat, more promi­nent names have come to the sur­face in the sec­ond list of Pak­ista­nis owning off­shore com­pa­nies. These, among others, in­clude fi­nancier of Im­ran Khan, close as­so­ci­ates of PTI leader and former Pres­i­dent Zar­dari, Altaf’s friend, Os­car award win­ner Sharmeen Obaid and busi­ness fig­ures.

This is not end of the list and it is cer­tain that more names would be made public in re­leases to follow and this means con­tin­u­a­tion of the fuss that we wit­ness these days. It is agreed by all that owning of the off­shore com­pa­nies is not a crime in it­self and il­le­gal­ity arises only if the money trans­ferred abroad was earned and moved out through ques­tion­able means. This should lead one to the log­i­cal conclusion that a thor­ough in­quiry of what hap­pened should be car­ried out in a trans­par­ent man­ner and ef­fec­tive mech­a­nism should be evolved and put in place to en­sure that noth­ing of the sort hap­pens in fu­ture. How­ever, it is re­gret­table that the op­po­si­tion in Pak­istan seems to be just politi­ciz­ing the is­sue for the sake of its own ad­van­tage and is not se­ri­ous ei­ther in prob­ing of the cor­rup­tion or plug­ging the loop­holes in the sys­tem. Their en­tire fo­cus seems to be on oust­ing Prime Min­is­ter Nawaz Sharif and desta­bi­liz­ing his Govern­ment when there is an over­whelm­ing im­pres­sion that his ad­min­is­tra­tion was de­liv­er­ing as per ex­pec­ta­tions of the masses and might win the next gen­eral elec­tions as well. The PPP has noth­ing to its credit as apart from in­creas­ing salaries of the Govern­ment em­ploy­ees, it only earned no­to­ri­ety for its cor­rup­tion. Sim­i­larly, PTI is com­plet­ing three years in KPK but there is hardly any im­prove­ment in any sphere of life there and there­fore, it suits Im­ran Khan and PPP to ma­lign and desta­bi­lize the Govern­ment to cre­ate some space for them in the realm of real pol­i­tics. We be­lieve that the sham war on Panama Pa­pers should come to a halt and both sides should sit to­gether and re­form the sys­tem rather than to un­der­mine the on-go­ing sys­tem.

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