Thursday, August 16, 2018
BREAKING NEWS

Panama Papers verdict would have an impact on Pakistani economy

FEDERAL MINISTER FOR PRIVATIZATION, DANIYAL AZIZ ADDRESSING A PRESS CONFERENCE IN ISLAMABAD ON OCTOBER 21, 2017.

Muhammad Asad
Associated Press Service
ISLAMABAD: Federal minister and Pakistan Muslim League – Nawaz (PML-N) leader Daniyal Aziz has said that former prime minister Nawaz Sharif had become the victim of a “grave mistake”.

Speaking to the media in PID media centre Islamabad on Saturday, Daniyal Aziz said that the definition for the word ‘assets’ used by the Supreme Court in the Panama Papers verdict does not exist in the Black’s Law dictionary.

“The very dictionary used to define assets [Black’s Law dictionary] does not include the term’s definition,” he said, referring to the charges against Nawaz for not disclosing assets owned by him.

Aziz insisted that receivables, if not received, cannot be classified as assets, contrary to what was decided in the July 28 ruling by the Supreme Court disqualifying former Prime Minister Nawaz Sharif from holding public office.

The Minister for Privatisation said the Panama Papers verdict would have an impact on Pakistan’s tax system and economy.

“The court’s decision will have an impact on the entire tax system and economy,” he said.

“The decision has changed an entire system,” he said.

Aziz, however, insisted that he could not even ‘think of disrespecting the institutions.’

“I have been awarded medals for strengthening institutions,” he said, “but as a citizen and a Member of the National Assembly (MNA), I have some rights.”

He added that he [and his party] has fought battles to strengthen the judiciary of Pakistan.

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