Panama Papers to Pandora Papers: What is for Pakistan (original) (raw)

2021, Paper presented in 1st International Conference on Public International Law, Organized by the Department of Law, the University of Gujrat on 14-15 December 2021 at Gujrat, Pakistan.

This paper is related to the information leaked for secret business modules which highlighted different financial controversies of significant business, political, armed, judges, and bureaucratic personalities. Furthermore, these paper leaks highlighted Pakistan's very sound personalities, who are involved in this sort of financial controversies, including tax evasion and money laundering. It is pertinent to mention that, there are certain allegations of financial crimes on the renowned personalities of Pakistan. Therefore, this matter has very significance for Pakistan as it has financial constraints due to sanctions of FATF. Further, it is a need of the hour to look into this matter because our economy is on the ventilator due to financial crimes and how our institutions like SECP, FBR, FIA, and NAB are dealing with the financial crimes. For the conduct of this research, the library and internet sources will be used as a tool for data collection. The qualitative methodologies will be adopted for this analytical and descriptive study. Moreover, the data analysis for the secondary data will be carried out through a critical analysis of the Pakistani legal framework dealing with financial transactions. Therefore, this article will highlight the issues related to the provision of good governance regarding business law and its impact on the economic system of Pakistan. Further, to give suggestions and recommendations for Pakistani institutions and legislature for prevention of increasing rate of mal-practices of financial transactions and white color crime in Pakistan.