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)
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Updated 21 November 2022
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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.


Bangladesh approves new rice imports from Pakistan amid price pressures

Updated 23 December 2025
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Bangladesh approves new rice imports from Pakistan amid price pressures

  • The deal follows Bangladesh’s resumption of direct rice trade with Pakistan earlier this year ⁠for the first time since independence in 1971
  • Diplomatic ties between the two nations have improved since the ouster of prime minister Sheikh Hasina after mass protests last year

DHAKA: Bangladesh has approved the import of 50,000 metric tons of white rice from Pakistan under a government-to-government deal as ​part of efforts to stabilize domestic prices, officials said on Tuesday.

The Cabinet Committee on Government Purchase cleared the deal at $395 per ton, reinforcing Dhaka’s renewed trade engagement with Islamabad.

Rice prices in Bangladesh have jumped by between 15 percent and 20 percent over ‌the past ‌year, with medium-quality ‌rice ⁠selling ​at about ‌80 taka ($0.66) per kilogram. Despite increased imports and the removal of duties to ease supply constraints, prices for the staple grain remain stubbornly high.

The deal follows Bangladesh’s resumption of direct rice trade with Pakistan earlier this year ⁠for the first time since independence in 1971. In ‌February, it imported 50,000 ‍tons of rice from ‍Pakistan at $499 per ton under a ‍similar agreement.

Diplomatic ties between the two South Asian nations have improved since an interim government led by Nobel laureate Muhammad Yunus took office after ​mass protests forced then prime minister Sheikh Hasina to flee to neighboring ⁠India last year.

Formerly East Pakistan, Bangladesh gained independence after a nine-month war in 1971, and relations with Pakistan have remained fraught in the decades since the conflict.

Separately, the government approved another 50,000 tons of parboiled rice through an international tender, part of a series of recent purchases aimed at cooling local prices. India’s Pattabhi Agro Foods secured ‌the contract with the lowest bid of $355.77 per ton.