ISLAMABAD: The value of assets owned by Prime Minister Nawaz Sharif saw a decline for second consecutive year.
According to a report, PM Sharif’s assets were valued at Rs 261.6 million in 2012 which increased six times and reached Rs 1.82 billion in 2013. This was the first time that PM Sharif was declared an official billionaire.
His assets crossed the two billion-mark in 2014 but the values decreased to Rs. 1.96 billion in 2015.
Election Commission of Pakistan (ECP) on Thursday disclosed that the value of PM Sharif’s assets has further gone down to Rs1.72 billion at the end of the fiscal year FY16-17.
It was also mentioned that the chief executive was receiving remittances from his son Hussain Nawaz for the past four years.
It was mentioned that the prime minister is the owner of a Toyota Land Cruiser, which was gifted to him by an unknown person, along with two Mercedes cars.
The prime minister’s mother owns the house he lives in and he has multiple foreign and local currency accounts along with agricultural lands and sugar, textile and paper mills.
The Sharif family’s Raiwind residences was valued at Rs 4. million while his property in Lahore’s Upper Mall area is said to be valued over Rs.250 million.
The assets of Pakistan Tehreek-e-Insaf (PTI) were valued over Rs. 1.4 billion.
In 2012, his assets were valued at 22.9 millions with liabilities worth Rs. 0.38m.
In 2013, the value of his assets were recorded at Rs. 14 million which increased to Rs 33.3 million in 2014. In 2015, he became a billionaire after his assets were valued at Rs 1.33 billion.
His 300-kanal residence in Banigala was valued at Rs750 million and whereas Khan House was priced at Rs. 5.9 million.
The value of his family residence in Lahore’s Zaman Park area was valued at Rs. 29 million.
Khan has been an investor in various schemes and is the owner of furniture costing owns furniture worth Rs. 0.6 million and livestock.
Mr Khan is one of the lawmakers with no cars registered in his name.
The assets of Federal Finance Minister Ishaq Dar were valued at Rs. 583.7 million. He has invested approximately Rs. 325 million in Pakistan Investment Bonds, including defence saving certificates.
Meanwhile, Emir Jamaat-e-Islami (JI) Siraj-ul-Haq has cash deposits in two banks with Rs. 439,472 in one account while Rs. 20,21,156 in the other. The value of his agricultural land is unknown and he jointly owns 12 kanals of land.
The Deputy Chairman of the Parliament’s Upper House Abdul Ghafoor Haideri is the owner of a house in Kalat which is worth Rs500,000. He also owns a a plot in Gwadar which is valued at Rs150,000.
Haideri has a 20-marla plot in Bhara Kahu worth Rs. 500,000 in his name along with a plot in the Senate Avenue Housing Society. The value of the plot was not mentioned.
Petroleum Minister Shahid Khaqan Abbasi, PTI Secretary General Jahangir Tareen and Khyber Pakhtunkhwa MNAs Khayal Zaman and Sajid Hussain Turi were amongst the “billionaire parliamentarians”.
Turi is the owner of commercial and residential properties in Kurram Agency and Islamabad which is valued at Rs. 1.44 billion and other assets valued Rs. 19.78 million, including automatic and semi-automatic weapons.
Abbasi has shares in one of the leading private airlines of the country which were valued Rs. 900 million, and land valued at Rs. 400 million. His net worth was valued at Rs. 1.29 billion. He has a loan of Rs. 30 million.
Net worth of Khayal Zaman of PTI was Rs1.89 billion with a loan worth Rs. 450 million in the United Arab Emirates (UAE), and properties there worth more than Rs880 million.
PTI leader Jahangir Tareen’s net worth was Rs. 781 million and his shares in JDW Aviation were valued at Rs. 3.75 million whereas Amina Tareen’s net worth was recorded at Rs. 172.61 million.