The Imran Khan-led government has vowed to take on the corrupt people with iron hands including politicians. (Photo: Reuters)

The Pakistan government led by Prime Minister Imran Khan has served notices to at least 294 Pakistanis out the 444 who have been named in the Panama Papers leak, said Federal Minister for Finance Asad Umar.

Asad Umar also said that action is being taken against all the Pakistani nationals that have been listed in the Panama papers.

It was also revealed that at least 150 people were untraceable while at least four had already given up their Pakistani nationalities.

The finance minister said that the investigation in at least 15 cases, worth about Rs 10.9 billion (Pakistani rupees), is in the final stages. So far, Rs 6.2 billion has already been recovered by the authorities.

The Federal Bureau of Revenue (FBR) has acquired financial records of at least 96,000 Pakistanis abroad, which includes those mentioned in the Panama leaks, Minister of State for Revenue Hammad Azhar said.

The Imran Khan-led Pakistan government has vowed to take on corrupt people with iron hands including politicians, highlighting that zero tolerance will be shown against those who have opted for illegal and corrupt practices to hide their assets abroad.

Panama papers are leaked documents of about 1.15 crore files containing details of about 2.15 lakh bank accounts. The documents were leaked from Mossack Fonseca, which is headquartered at Panama.

More than 100 media houses from across the globe sifted through the leaked data and dug out names of people who invested their money in tax havens.

The list included 12 world leaders - serving and ex-head of states. Prominent names are Russian President Vladimir Putin, Pakistan's former Prime Minister Nawaz Sharif, China's President Xi Jinping, and former Pakistan PM Benazir Bhutto among others.

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