ISLAMABAD - Owing to political unrest in the country, the Public Accounts Committee (PAC) has failed to discuss the Panama Leaks controversy. The PAC is apparently avoiding to discuss Panamagate even after commitment to debate the issue.

The Committee in its first meeting around a month had decided to take up the Panama Leaks issue after 30 days.

The issue remained inconclusive in the first meeting (held on September 20th) to ascertain any concrete measures to be taken by the government departments to probe the controversy. The Chairman Committee after unsatisfactory response from heads of NAB, FIA, SECP, SBP had decided to debate the issue of off-shore companies in next meeting. 

Sources in the Parliament said that the Committee even after passing 40-day did not decide to schedule the meeting.

FBR had given assurance to brief the committee about the details of persons having off-shore companies. “221 notices had been issued...All those who made offshore companies abroad after paying taxes will not be considered criminals,” FBR Chairman Nisar Khan had informed the meeting.

While majority of people having off-shore companies have still not responded to the queries sent to them by the top revenue body of the country. These persons had not responded to the notices even after passing almost two months.

The FBR has informed the National Assembly Standing Committee on Finance and Revenue on Wednesday that only 94 out of 303 Panama nominees had responded to the notices issued since September 1 2016.

The Committee, under Rule 224, decided to hold a discussion on the Panama Leaks issue but no official from the main govt departments had turned up in the first meeting for different reasons.