LAHORE (Staff Report) - Nawaz Sharif’s daughter Maryam Safdar, who previously denied links with any offshore company has now been revealed as the sole owner of a shell company.
According to the data released by the International Consortium of Investigative Journalists (ICIJ) yesterday, the PM’s daughter is also serving as partner with her brother Hussain Nawaz in two London-based companies, Nescol and Nielson, which came to light in the first tranche of Panama leaks.
Panama Papers: List of Pakistanis named in second installment of massive documents leak
The shell company registered in her name mentions the Sarwar Palace in Jeddah as its business address, in addition to addresses in Peru and Singapore.
The company was reportedly found in 1994 during Nawaz Sharif's second tenure as Prime Minister of Pakistan.
Last month, the names of over 200,000 offshore companies and their international clients associated with Panama law firm Mossack Fonseca were revealed in Panama Papers leaks.
Searchable database of Panama Papers released; here is full list of 259 Pakistanis and their offshore companies
An investigation by more than 100 media groups, described as one of the largest in history, revealed the hidden offshore assets of around 140 political figures, including Pakistani Prime Minister Nawaz Sharif.
The sons and daughter of the Prime Minister own at least six upmarket properties overlooking London’s Hyde Park, according to the Panama leaks.
Maryam Nawaz has already disqualified herself for public office by lying in public. In a TV interview in 2011, she forcefully rebuked those persons who had associated her "good" name with properties abroad.
Maryam had said: “I don’t own any property even in Pakistan. I live with my father, and am dependent on him.”
While owning offshore companies in itself is not illegal or a crime, it remains to be seen whether the money that went into the making or the purchase of these companies was taxed and earned through legal means.
Ms Maryam Nawaz or the Sharif family has, so far, not commented on this most recent revelation under the Panama Papers.
Pakistani rupee continued its momentum against the US dollar, and orther currencies in the open market on Thursday, as the local currency also improved in the inter-bank market.
On Thursday, the US dollar moved down and was being quoted at 283.2 for buying and 286.15 for selling.
Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.
UAE Dirham AED witnessed slight drop and new rate stands at 77.4 whereas the Saudi Riyal remained stable at 76.
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||358.5||362|
|Hong Kong Dollar||HKD||36.41||36.76|
|New Zealand Dollar||NZD||174.54||176.54|
Gold price in Pakistan remained under pressure as the yellow metal moved down despite an upward trend in the international market.
On Thursday, the price of a single tola of 24-karat gold stands at Rs217,100 and 10 grams of 24k gold costs Rs186,130.
Single tola of 22 Karat Gold costs Rs199,000, 21 karat rate for per tola is Rs189,960 and 18k gold rate is Rs162,825.00 for each tola.
In the global market, gold prices hover at around $2026, gaining $8.30 on Thursday.
Today Gold Price in Pakistan (4 September 2023)
|Lahore||PKR 217,100||PKR 2,565|
|Karachi||PKR 217,100||PKR 2,565|
|Islamabad||PKR 217,100||PKR 2,565|
|Peshawar||PKR 217,100||PKR 2,565|
|Quetta||PKR 217,100||PKR 2,565|
|Sialkot||PKR 217,100||PKR 2,565|
|Attock||PKR 217,100||PKR 2,565|
|Gujranwala||PKR 217,100||PKR 2,565|
|Jehlum||PKR 217,100||PKR 2,565|
|Multan||PKR 217,100||PKR 2,565|
|Bahawalpur||PKR 217,100||PKR 2,565|
|Gujrat||PKR 217,100||PKR 2,565|
|Nawabshah||PKR 217,100||PKR 2,565|
|Chakwal||PKR 217,100||PKR 2,565|
|Hyderabad||PKR 217,100||PKR 2,565|
|Nowshehra||PKR 217,100||PKR 2,565|
|Sargodha||PKR 217,100||PKR 2,565|
|Faisalabad||PKR 217,100||PKR 2,565|
|Mirpur||PKR 217,100||PKR 2,565|