Finance minister orders probe into leak of wealth details of relatives of Pakistan army chief

Pakistan's finance minister Ishaq Dar during a press conference in Islamabad on June 2, 2016. (AFP/File)
Short Url
Updated 21 November 2022
Follow

Finance minister orders probe into leak of wealth details of relatives of Pakistan army chief

  • Fact Focus last week published wealth and tax details of General Bajwa’s immediate and extended family members
  • Report said they became "billionaires" by setting up businesses and properties and shifting capital abroad

ISLAMABAD: Federal Minister for Finance and Revenue, Ishaq Dar, on Monday ordered an investigation into what he called the "illegal and unwarranted leakage" of tax information of the family members of Pakistan army chief General Qamar Javed Bajwa.

Dar was referring to a report by Fact Focus, an independent investigative journalism website, which last week published wealth and tax details of members of General Bajwa’s immediate and extended family, saying they had become "billionaires over the last six months" by establishing international businesses, shifting capital abroad, and buying foreign properties.

The report, citing the family’s tax and wealth statements, said the current market value of known assets and businesses owned by the family within Pakistan and abroad during the last six years amounted to “more than Rs12.7 billion.”

"This is clearly violative of the complete confidentiality of tax information that the Law provides," the finance division said in a statement attributed to Dar, saying he had taken "serious notice" of the leak.

"The finance minister has directed the SAPM [special assistant to the prime minister] on Revenue Mr. Tariq Mehmood Pasha to personally lead an immediate investigation into the violation of tax law and breach of FBR data, affix responsibility and submit a report within twenty four hours."

 

 

 

Fact Focus, which has previously published investigative reports on the “misappropriation of funds” by prominent Pakistani politicians and generals, released its recent report at a crucial time when General Bajwa, who has been the country’s army chief since 2016, is due to retire on November 29, following the final day of his second three-year term.

The army chief is arguably the most powerful man in the country. The military has for decades ruled Pakistan either through coups or as the invisible guiding hand in politics.

In 2020, a retired general who at the time chaired the government body overseeing billions of dollars of investment from China, faced scrutiny over his family's finances after an investigative report in Fact Focus claimed they had acquired a vast empire as he rose through the ranks. Gen Asim Bajwa, who is not related to the current army chief, denied the allegations.

The military defence spending appears each year as a single-line figure in the annual budget and is not open to public scrutiny like the budgets of other government departments.


OIC’s COMSTECH stresses academic collaborations across Muslim world in Islamabad meeting

Updated 4 sec ago
Follow

OIC’s COMSTECH stresses academic collaborations across Muslim world in Islamabad meeting

  • COMSTECH holds annual meeting in Islamabad featuring 30 delegates from Iran, Somalia, Palestine, Indonesia and other OIC states
  • Limited pool of skilled professionals one of the foremost challenges facing Muslim world, notes COMSTECH secretary general 

ISLAMABAD: The OIC Standing Committee on Scientific and Technological Cooperation (COMSTECH) called for stronger academic collaboration across Islamic states to secure the future of higher education in the Muslim world, state-run media reported on Saturday. 

COMSTECH’s Coordinator General Prof. Dr. Muhammad Iqbal Choudhary was speaking at the Annual Meeting of the COMSTECH Consortium of Excellence at the organization’s Secretariat in Islamabad. The event brought together vice chancellors, rectors, and senior representatives from leading universities across OIC member and observer states. 

Nearly 30 international delegates representing universities from Iran, Somalia, Palestine, Indonesia, Malaysia, Thailand, Uganda, Bangladesh, Benin, Cameroon, Gabon, Côte d’Ivoire, and Senegal joined their counterparts from several Pakistani institutions at the meeting. Participants attempted to chart a collective path forward for tertiary education in OIC countries.

“Collaborations, knowledge sharing, best practices, exchange of scholars, technology transfer and joint academic programs are vital for overcoming the educational challenges faced across the OIC region,” Choudhary said, according to the state-run Associated Press of Pakistan (APP).

The COMSTECH secretary general noted that one of the foremost developmental challenges facing OIC nations remains the limited pool of skilled professionals and workforce. 

He said this gap can only be bridged through strengthened tertiary education systems and expanded opportunities for knowledge transfer.

Discussions at the event highlighted the urgent need for competency-driven education, modern pedagogical tools, university–industry partnerships and collaborative training programs designed to equip graduates with the skills necessary to address emerging global challenges.

“The Annual Meeting served as a vital platform for reviewing progress achieved over the past year, identifying future priorities, and deepening academic cooperation to promote scientific excellence and sustainable development across the OIC region,” the APP said.