Section: Pakistan Today (Pakistan)
This too shall pass
Or won’t it? Termed by American dissident, Edward Snowden as ‘one of the biggest leaks in the history of journalism’, confidential data of a Panamanian firm – which specializes in offshore tax havens – hit media across the world. 100 media organizations globally, with the help of 300 journalists went through 2.6 TB of Mossack...
Panama Leaks : Cyber war fare
Superpowers for ages have used various tools to exert their influence on the affairs of neighbors far and wide. East and West India companies were non-state actors used by imperial powers to seek trading rights to gain foothold in countries that were later converted into colonies. Trading was the soft power that created enabling environment that...
IMF projects 4.5% economic growth for Pakistan in 2016, 4.7% in 2017
Pakistan’s economy is projected to grow at 4.5 per cent in 2016 and 4.7 per cent in 2017, according to the new World Economic Outlook by the International Monetary Fund released on Tuesday. However, growth in the Middle East, North Africa, Afghanistan and Pakistan (MENAP) region has weakened considerably because of further decline in oil...
Rich nations probe Panama Papers tax revelations
Tax authorities from the world’s richest nations on Wednesday probed a mass of murky offshore dealings revealed in the huge Panama Papers data leak, just hours after police raided the law firm at the centre of the scandal. The leak of 11.5 million confidential offshore financial documents from Panamanian law office Mossack Fonseca offered...
Panama raids offices of Mossack Fonseca law firm
Panama´s attorney general raided the offices of the Mossack Fonseca law firm late on Tuesday to search for any evidence of illegal activities, authorities said in a statement. The Panama-based law firm is at the center of the “Panama Papers” leaks scandal that has embarrassed several world leaders and shone a spotlight on the shadowy world of...
Pakistan’s ‘Quaker Oats Man’
Reminiscing about my childhood, the image of the Quaker Oats tin box is indelibly etched in my mind. Featuring the “Quaker Man” logo, the picture of the white haired distinguished looking man, in a swish black coat, white cravat and a black hat, brimming with good health conveyed good breeding. The company states, “The ‘Quaker man’ does not...
Two Indian students stabbed to death, one injured in Ukraine
Two Indian students at a medical college in Ukraine were stabbed to death while another sustained injuries in the attack on Sunday. Those who died in the Sunday attack allegedly carried out by three Ukrainian nationals have been identified as Pranav Shaindilya from Muzaffarnagar and Ankur Singh from Ghaziabad in Uttar Pradesh. Indrajeet Singh...
Chinese FM says clarification needed on Panama Papers
China needs clarification on a massive leak of documents from a Panamanian law firm that revealed the offshore financial arrangements of some of the world’s rich and powerful, including family members of China’s top leaders, Foreign Minister Wang Yi said on Friday. The Foreign Ministry has denounced accusations arising from the...
Panama leaks: Opposition to unite against Nawaz Sharif in NA session
President Mamnoon Hussain has summoned National Assembly session at 5:00 pm in Parliament House Islamabad today. According to sources, members of the opposition parties will raise the issue of the offshore companies owned by Prime Minister Nawaz Sharif’s family mentioned in the Panama Papers. In a message posted on Facebook, Pakistan...
Panama to form independent commission to review financial practices
Panama said on Wednesday it would form an independent commission to review the country’s financial practices following the leak of information from a local law firm that has embarrassed a clutch of world leaders. “The Panamanian government, via our foreign ministry, will create an independent commission of domestic and international experts...
