Pakistani opposition urges PM to remove ministers named in Pandora Papers

Pakistani politicians speak to journalists in Islamabad, Pakistan, on August 2, 2018. (Social media/File)
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Updated 04 October 2021
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Pakistani opposition urges PM to remove ministers named in Pandora Papers

  • The document dump lists more than 700 Pakistanis, including several members of Khan’s cabinet, who have hidden wealth
  • Finance Minister Shaukat Tarin, among Pakistanis identified, says everyone would be investigated, including himself

ISLAMABAD: Pakistan’s opposition on Monday called on Prime Minister Imran Khan to order cabinet ministers and aides named in leaked financial documents known as the Pandora Papers to resign from office and face investigation. 
Major news organizations published the leaked documents on Sunday. 
The International Consortium of Investigative Journalists (ICIJ), a Washington, D.C.-based network of reporters and media organizations, said the documents link about 35 current and former national leaders and more than 330 politicians and officials in 91 countries and territories to secret stores of wealth. 
Among those named in the papers are more than 700 Pakistanis, including several members of Khan’s cabinet, Pakistani partners of the ICIJ said. 
Finance Minister Shaukat Tarin, who was among the Pakistanis identified, told Geo TV everyone would be investigated, including himself. He denied wrongdoing. 
The ICIJ did not say how the files were obtained, and Reuters could not independently verify the allegations or documents detailed by the consortium.
A spokeswoman for the main opposition Pakistan Muslim League (PML-N) party of former Prime Minister Nawaz Sharif told Reuters Khan had to remove all of those identified in the files. 
“Imran Khan is bound to direct all his ministers and aides named in Pandora leaks to resign with immediate effect,” Maryam Aurangzeb, the spokeswoman for Pakistan Muslim League (PML-N) opposition party of former Prime Minister Nawaz Sharif, told Reuters. 
The Supreme Court sacked Sharif as prime minister in 2017 on corruption charges after his family’s London properties came to light in an earlier leak of documents known as the Panama Papers. Sharif, who lives in self-exile, denied wrongdoing.
Khan said his government would investigate all of those mentioned in the latest documents. 
“If any wrongdoing is established we will take appropriate action,” he said on a Twitter.
Sherry Rehman, a leader of the opposition Pakistan People’s Party, questioned “shallow” accountability slogans. 


Pakistan forms committee to negotiate financial advisory services for Islamabad airport privatization

Updated 18 February 2026
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Pakistan forms committee to negotiate financial advisory services for Islamabad airport privatization

  • Committee to engage Asian Development Bank to negotiate terms of financial advisory services agreement, says privatization ministry
  • Inaugurated in 2018, Islamabad airport has faced criticism over construction delays, poor facilities and operational inefficiencies

ISLAMABAD: Pakistan’s Privatization Ministry announced on Wednesday that it has formed a committee to engage the Asian Development Bank (ADB) to negotiate a potential financial advisory services agreement for the privatization of Islamabad International Airport.

The Islamabad International Airport, inaugurated in 2018 at a cost of over $1 billion, has faced criticism over construction delays, poor facilities, and operational inefficiencies.

The Negotiation Committee formed by the Privatization Commission will engage with the ADB to negotiate the terms of a potential Financial Advisory Services Agreement (FASA) for the airport’s privatization, the ministry said. 

“The Negotiation Committee has been mandated to undertake negotiations and submit its recommendations to the Board for consideration and approval, in line with the applicable regulatory framework,” the Privatization Ministry said in a statement. 

The ministry said Islamabad airport operations will be outsourced under a concession model through an open and competitive process to enhance its operational efficiency and improve service delivery standards. 

Pakistan has recently sought to privatize or outsource management of several state-run enterprises under conditions agreed with the International Monetary Fund (IMF) as part of a $7 billion bailout approved in September last year.

Islamabad hopes outsourcing airport operations will bring operational expertise, enhance passenger experience and restore confidence in the aviation sector.

In December 2025, Pakistan’s government successfully privatized its national flag carrier Pakistan International Airlines (PIA), selling 75 percent of its stakes to a consortium led by the Arif Habib Group. 

The group secured a 75 percent stake in the PIA for Rs135 billion ($482 million) after several rounds of bidding, valuing the airline at Rs180 billion ($643 million).

Pakistan’s Finance Minister Muhammad Aurangzeb said this week the government has handed over 26 state-owned enterprises to the Privatization Commission.