Panama Papers probe: FBR writes letters to 250 people, only 25-30 respond

ISLAMABAD: In the ongoing investigation related to Panama Papers’ leaks and offshore companies owned by Pakistanis, the Federal Board of Revenue wrote letters to around 250 people, sources said.

The FBR sources said that up til now only 25 to 30 people responded to the letters sent.

All the responders asked for time to consult with their lawyers, the FBR sources added.

The board also sent letters to three women, although they responded that the companies were owned by their husbands, not them.

According to FBR sources, the women asked the board to take back the letters sent.

On Tuesday, a Public Accounts Committee session was held to probe the Panama leaks and offshore companies that are owned by Pakistanis.

The PAC demanded a report within a month over the matter of Panama Leaks from relevant authorities.

During the session, Chairman Federal Board of Revenue Nisar Mohammad said those who made offshore companies abroad after paying taxes will not be considered criminals.

In the meeting, Opposition leader Khursheed Shah had said that more than 400 Pakistanis own over 250 offshore companies, asking what the relevant authorities did so far in this regard.