Dar, Shah agree on new law to investigate Panama leaks


ISLAMABAD: Federal Finance Minister Ishaq Dar said on Tuesday that he had reached a consensus with Leader of the Opposition Syed Khursheed Shah on coming up with a new law to investigate the disclosures contained in the Panama Papers.

A meeting was held between Khursheed Shah and Ishaq Dar on Tuesday to discuss the issue of investigation pertaining to the Panama Papers controversy. Syed Khursheed Shah said that during the meeting, both representatives discussed the terms of reference on which the judicial commission would hold an inquiry into the disclosures of the Panama Papers.

“We have reached an agreement on the formation of a new law to investigate the findings of the Panama Papers,” said Ishaq Dar. “Since the past sixty years, a single law had been in operation which was deemed ineffective by the Supreme Court,” he added.

This meant that the government and opposition have agreed to form a new law to hold the Panama leaks investigation rather than use the 1956 Inquiry Act. Ishaq Dar further said that in order to investigate corruption, there was a need to strengthen the law. Dar further said that the government would try to call a meeting in connection with the terms of reference as soon as possible.

Syed Khursheed Shah said that there was consensus among the government and the opposition regarding the new law but a disagreement on the process of how to conduct the investigation. He said that after holding consultations with Aitzaz Ahsan, a schedule for the next terms of reference meeting would be readied.