It is not prohibited under international law to invest money in another country for the purpose of business, but the source of the money has to be probed and it has to be made sure that the money has not been accumulated through illegal ventures, said an expert in International Law Ahmer Bilal Soofi Monday night.
Talking to Pakistan Today Editor Arif Nizami in his Channel 24 Programme DNA, Soofi said, in the wake of revelations that the sons and daughter of Prime Minister Nawaz Sharif had invested millions of dollars in offshore companies, that the international law does not prohibit this practice.
Pakistan Today Editor Arif Nizami said in his analysis that while holding assets in offshore companies may not be illegal, it is still highly unethical.
He analysed the whole affair in light of Punjab Chief Minister Shehbaz Sharif and Interior Minister Chaudhry Nisar Ali Khan’s recent meeting with Army Chief General Raheel Sharif.
Arif Nizami commented on the 37th anniversary of former prime minister Zulfiqar Ali Bhutto and paid tribute to the founder of Pakistan People’s Party (PPP).
“I was there when Bhutto laid the foundation of PPP in 1967 at the residence of Dr Mubashar Hassan in Lahore,” Nizami recalled. He said that Bhutto was the leader of the masses and had given political awareness to the people of Pakistan. He, however, noted that the party which was founded in Punjab had been routed from the province in the elections of 2013. He said the vacuum to a large degree has been filled by Pakistan Tehrik-e-Insaf. He said that Bilawal has a lot of work ahead if he wants to revive the party of his late grandfather in Punjab.