Panama hearing to end on Thursday: Justice Khosa

Panama hearing to end on Thursday: Justice Khosa

ISLAMABAD: Heading a five-judge bench of Supreme Court of Pakistan, Justice Asif Saeed Khosa said  the hearing of landmark Panamgate scandal case will hopefully be complete on Thursday.

He said the Panama case is headed to its completion and directed the Attorney General to finish his arguments by 11am tomorrow.

Justice Khosa also said the bench will hear Naeem Bukhari’s response to the reply pleaded by the Sharif family.

Supreme Court of Pakistan Tuesday resumed hearing of Panamagate scandal case as Prime Minister Nawaz Sharif and his children filed a new petition against the additional documents filed by Pakistan Tehreek-e-Insaf (PTI).

The PM’s petition pleaded with the court not to allow the PTI’s additional documents to become a part to the record, and requested the court to grant 8-week’s time in case it intends to take them up.

The petition states, “The documents were submitted after our lawyers completed their arguments. Hence, they will have no time to submit their response to these documents.”

Justice Asif Saeed Khosa said it is a decided fact that it is not wrong to found an offshore company, adding, “But, we want to know the role of Federal Board of Revenue (FBR) regarding offshore companies.”

Chairman FBR Dr. Irshad was asked to head to rostrum. He said Panama is a heaven for tax evasions and Pakistan is not in agreement with Panama to share tax details.

However, he said the board made efforts to contact the country with the help of foreign affairs ministry.

Chairman FBR told the court that the Board has issued notices to 343 owners of offshore companies, adding Hassan, Hussain and Maryam Nawaz have submitted their replies to the FBR.

He said Maryam Nawaz in her reply has said that she owns no property abroad. On the directions of the bench, the Chairman NAB also appeared before the bench.

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