Panama Papers: Nawaz Sharif hints at probe into funds collected by Imran Khan

In a move indicating strong rebuttal, Pakistan Prime Minister Nawaz Sharif said that an inquiry should be held into the four billion Rupees collected by the Imran Khan Foundation (IKF) in 2010 for flood-affected people.

The development comes after the PTI chief had called for a probe into Sharif regarding the expose.

According to Dawn, when asked about the funds collected by the IKF, the premier said this issue "should also come to the surface".

Last week, Defence Minister Khawaja Muhammad Asif proposed that an investigation should be held into IKF's fund-raising campaign.

"Khawaja Asif has not shared any random or baseless thoughts, He [Khawaja Asif] has studied that subject deeply. He has even briefed me about that issue. So I think things should be made clear and it should also come to the surface. These thoughts were highlighted when floods were there so I think one should look into details of these things as well and one should know about the facts." Sharif said.

Brushing aside rumours about the possibility of his replacement, Prime Minister Nawaz Sharif returned to the country on Tuesday night after a week-long 'medical visit' to London.

Nawaz Sharif and some of his family members are facing serious allegations in the wake of appearance of the Panama Papers.

Opposition parties are demanding the formation of a judicial into the off shore companies and assets allegedly owned by the Prime Minister and his family.