ISLAMABAD: The second list released by Panama Papers revealed that around 400 Pakistanis have established 350 offshore companies. They include various renowned businessmen, politicians and social figures.
More than 350 journalists have worked for International Consortium of Investigative Journalism (ICIJ) and Jang Group is the only Pakistani member of the ICIJ.
The second list of the Panama Papers has been released on Monday and Geo News gave the details in a special news bulletin at 11.00 pm.
The journalist of The News, Umar Cheema, who has worked for the ICIJ on behalf of the Jang Group, provided the names of the Pakistani owners of the offshore companies.
Pakistan’s Saifullah family of Lucky Marwat owned the highest number of offshore companies and the biggest owner among them is Javed Saifullah, who owns 17 companies while Humayun Saifullah owns nine off-shore companies.
The most owners belong to Karachi whereas people from Lahore and Islamabad are also included in the list.
The most favourite country of the Pakistanis for establishing off-shore companies is British Virgin Island where they made 153 companies, followed by Panama.
Courtesy : TheNews