Govt committee still mulling TORs

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Special Assistant to the Prime Minister on Investment and Board of Investment (BOI) Chairman Miftah Ismail said that a committee has been formed to discuss the Terms of References (TORs) with the opposition.

He was talking to the Pakistan Today Editor Arif Nizam in his Channel 24 programme DNA on Monday night.

“Finance Minister Ishaq Dar is heading the committee while legal brains of the government including Law Minister Zahid Hamid are part of the committee,” he said. He further added that Dar is in constant touch with Leader of the Opposition in National Assembly Syed Khursheed Shah over the issue of TORs.

Answering a question, he said that the chief justice can amend the TORs by himself if he has any reservations. He said it seems that the opposition parties do not want a thorough probe as they only want to target the family of the prime minister. The BOI chairman said that capital control in a country is completely impossible when the world has become a global village.

“We should urge our businessmen to invest in other countries to earn a name in the world market,” he commented.

Leader of the Opposition in Senate Aitzaz Ahsan said that the opposition in its TORs had called for those who have been named in the Panama Papers to present their income tax record to the judicial commission since the year 1985 to prove their innocence.

“A Baloch officer is arrested if an amount Rs 730 million is recovered from his house but a ‘Punjabi Prince’ is walking free even after confessing that he owns an offshore company,” he said while referring to the son of the prime minister.

Analyst General (r) Ghulam Mustafa wondered how one could expect investment in this country when PM’s son is investing abroad.