JournalismPakistan.com | Published December 02, 2016
Join our WhatsApp channelISLAMABAD - The International Consortium of Investigative Journalists (ICIJ) Friday said the Panama papers investigation has produced an almost daily drumbeat of regulatory moves, follow-up stories and calls by politicians and activists for more action to combat offshore financial secrecy.
Terming the Panama Papers impact “historical”, the ICIJ said at least 150 inquiries, audits or investigations into Panama Papers revelations have been announced in 79 countries around the world. It adds that an estimated 35 billion dollars have been wiped off the value of nearly 400 companies after the Panama papers.
“Governments are investigating more than 6500 taxpayers, and have recouped at least $110 million so far in unpaid taxes or asset seizures.” Additionally Nine Mossack Fonseca offices have shuttered around the world, and the law firm has been fined close to half a million dollars.
ICIJ said two world leaders, in Argentina and Pakistan, remain ensnared in public scandals and ongoing probes related to the Panama Papers. “In Argentina, a federal prosecutor is examining President Mauricio Macri’s directorship of a Bahamian company that he had failed to include in public financial disclosures when he was mayor of Buenos Aires. Pakistan’s Supreme Court is currently hearing a petition brought by the political opposition against Prime Minister Nawaz Sharif, whose children owned real estate in London through companies created by Mossack Fonseca.”
It said since the Panama Papers broke in early April, hundreds of journalists from dozens of countries who collaborated on the investigation have published more than 4,700 news stories based on Mossack Fonseca, the globe-spanning law firm that has created hard-to-trace shell companies for corporations, politicians and fraudsters.
June 11, 2025: Pakistan celebrated a narrow win over Bangladesh, but beneath the jubilation lies a deeper crisis—from sidelined veterans to a collapsing domestic structure—signaling an urgent need for cricket reform.
June 11, 2025: Journalists walked out of the post-budget press conference in Islamabad to protest the absence of a technical briefing and the government's dismissive behavior, calling it unacceptable and intolerable.
May 31, 2025: Dr. Nauman Niaz has issued a defamation notice to Shoaib Akhtar over derogatory remarks made during a recent broadcast, reigniting a longstanding media feud between the two prominent figures in Pakistan.
May 30, 2025: The Human Rights Commission of Pakistan has demanded the full repeal of PECA, citing its vague language, coercive powers, and threats to free speech and digital rights in Pakistan.
May 30, 2025: The Pakistan Federal Union of Journalists (PFUJ) has condemned the murder of journalist Syed Mohammed Shah in Jacobabad, calling for urgent justice and improved safety for media professionals in Sindh.
May 26, 2025: In Rawalpindi, police allegedly side with Jang Group to block 66 reinstated employees from resuming work despite court orders, drawing sharp criticism from unions and press freedom advocates.
May 25, 2025: PFUJ condemns the Jang Group's decision to dismiss over 80 employees in Rawalpindi, calling it an 'economic massacre.' The union warns of nationwide protests if workers are not reinstated.
May 25, 2025: Daily Jang Rawalpindi has terminated over 80 employees, including female staff, despite multiple court rulings in their favor—raising concerns over labor rights violations and misuse of authority in Pakistani media.
May 19, 2025 PJS reports 219 Palestinian journalists killed in Israeli attacks since October 7, with 30 women among the victims. Over 430 were injured and 685 family members were killed. Read more on the systematic targeting of media in Gaza.
May 15, 2025 Discover the legacy of Samiullah Khan, Pakistan’s legendary "Flying Horse," whose breathtaking speed and artistry redefined hockey. From Olympic glory to World Cup triumphs, his story is one of myth, movement, and magic.
May 04, 2025 Algerian authorities suspend Echorouk News TV for 10 days after it used a racist slur against African migrants. ANIRA demands an apology, calling it a violation of human dignity.
May 04, 2025 NCHR and MMfD launch a journalism fellowship to train reporters on digital rights & gender inclusion in Pakistan. Supported by UNESCO, this initiative aims to bridge the gender digital divide. Apply by May 15, 2025!
April 23, 2025 Discover Dr. Nauman Niaz’s In A Different Realm: Story of Quadruple & Triple Centuries 1876–2025, a profound exploration of cricket's most monumental innings, blending historical analysis with poetic narrative.