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      “ELECTION INTERFERENCE, KANGAROO COURT!” Trump says on indictment charges

      US court rules against Trump’s birthright citizenship order

      Gaza death toll, 3000 children among 7028 casulties

      Gaza civil defence says 52 killed by Israeli forces

      Pakistan hopes to secure eighth term in UNSC

      Pakistan warns against Indian weaponisation of water at UN

      Israeli forces killed 50 rushing to humanitarian aid trucks, says Gaza medic

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      Pakistan condoles martyrdom of 12 Turkish soldiers in methane gas poison

      Pakistan condoles martyrdom of 12 Turkish soldiers in methane gas poison

      Pakistan urges UNSC to stop Israeli aggression against Iran

      Terrorism inflating from Afghanistan serious threat to neighbours, Pakistan warns UN

      24 dead in Texas flash flooding, two dozen campers missing

      24 dead in Texas flash flooding, two dozen campers missing

      Hamas releases two women hostages after Egyptian-Qatari diplomacy

      Hamas agree to respond ceasefire proposal in ‘a positive spirit’

      Hamas says body of captive Shiri Bibas “mistakenly mixed” with others

      Hamas seeks ceasefire guarantees as Israel intensifies attacks in Gaza

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      Pakistan, Russia vows to expand trade, economic ties

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      Pakistan receives $2.3 billion from China

      Remittances surge over 26% to record $38.3bn in FY25

      Hancock urges Johnson to back Sunak to lead the country

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      Azerbaijan’s President arrives Islamabad on PM Shehbaz’s invitation

      Pakistan, Azerbaijan agree to enhance cooperation in trade, investment

      Govt lifts import ban on non-luxury items under IMF condition, Miftah

      Pakistan notifies duty cuts on imported luxury items

      Karachi: FBR seals over 30 shops for tax, PoS violations

      PM applauds FBR for collecting record tax revenue

      NEPRA notifies increase in power tariff for Karachiites

      NEPRA approves Rs1.15/unit cut in domestic electricity tariff

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      Murder allegations surface about mysterious death of actress Humaira Asghar

      Murder allegations surface about mysterious death of actress Humaira Asghar

      Humaira Asghar’s family refuses to receive her body

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      The Odyssey trailer sparks online backlash

      The Odyssey trailer sparks online backlash

      Actor Michael Madsen passes away at 67

      Actor Michael Madsen passes away at 67

      Netflix star Kylie Page’s cause of death at 28 revealed

      Netflix star Kylie Page’s cause of death at 28 revealed

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      Pandora Papers: Moonis Elahi denies allegation of owning offshore company

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      ISLAMABAD: Minister for Water Resources Moonis Elahi on Tuesday reacted to the news of his name being mentioned in the Pandora Papers and denied the allegations of owning an offshore company.

      Taking to Twitter, Elahi wrote: “I do not own any offshore company nor do I have any assets which have not been declared.” 

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      The minister further said that he refutes “all assertions to the contrary.”

      I do not own any offshore company nor do I have any assets which have not been declared. I refute all assertions to the contrary.

      — Moonis Elahi (@MoonisElahi6) October 5, 2021

      It should be noted that Elahi’s name, along with 700 Pakistanis, was mentioned in the Pandora Papers, an investigation uncovering financial secrets held by high-profile individuals across the world.

      Aside from Elahi, Minister for Finance Shaukat Tarin; Senator Faisal Vawda; PML-N leader Ishaq Dar’s son, Ali Dar; PPP’s Sharjeel Memon; the family of Minister for Industries and Production Khusro Bakhtiar; and PTI leader Abdul Aleem Khan, among others were mentioned in the report with alleged links to offshore companies.

      Some retired army officials, businessmen — including Axact’s CEO Shoaib Sheikh — and media company owners, have also been named in the leaks.

      Earlier, Shaukat Tarin, Abdul Aleem Khan, Sharjeel’s Memon, and Ali Dar had also issued clarifications regarding the Pandora Papers probe.

      The probe

      The International Consortium of Investigative (ICIJ) received more than 11.9 million documents containing 2.94 terabytes worth of confidential information from service providers who helped set up and manage offshore companies and trusts in tax havens around the world.

      The ICIJ shared the data with 150 media organisations and has led the broadest collaboration in journalism history. It took the ICIJ almost two years to organise the investigation that involved more than 600 journalists in 117 countries, making it the biggest-ever journalism partnership.

      By comparison, for the Panama Papers, almost 400 journalists from 80 countries participated in the investigation.

      The News was the only ICIJ partner from Pakistan on both occasions. In addition, also partnered with the ICIJ in the Bahamas leak and the Paradise Papers.

      The Pandora Papers leak uncovers the financial secrets of more leaders and public officials than the Panama Papers did and provides more than twice as much information about the ownership of offshore companies.

      The Panama Papers were based on the data of a Panama-based law firm called Mossack Fonseca that revealed offshore holdings of 140 politicians, public offshore, and sports stars. Those documents were obtained by the German newspaper, Süddeutsche Zeitung, which contained records dating back 40 years.

      By comparison, the Pandora Papers investigation is bigger in size, and revelations about politicians and public officials are also far more than what previously came to public attention.

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