Pak PM Nawaz Sharif is a billionaire

ISLAMABAD (TIP):
Pakistani Prime Minister Nawaz Sharif is among the few parliamentarians who are billionaires, revealed statements of assets and liabilities of lawmakers for the year 2012-13 issued by the Election Commission of Pakistan (ECP). According to the declaration filed by Sharif, he owns six agriculture properties with over 1,700 canals worth Rs1.43 billion and a house in Upper Mall, Lahore valued at Rs 250m. The statement said that he has made investments of over Rs 13 million and has Rs 126 million in seven bank accounts. He has received Rs 197.4m in remittances from his son Hussain Nawaz as well. He owns a Toyota Land Cruiser (2010 model) as well as the 1973 and 1991 models of Mercedes Benz.

The premier also owns a 1991 model tractor. His wife Kulsoom Nawaz owns a bungalow worth Rs100m. She owes Rs1.75m to two people. The other billionaires in the National Assembly are petroleum minister Shahid Khaqan Abbasi and three members from Khyber Pakhtunkhwa province – Khial Zaman, Raja Amir Zaman and Sajid Hussain Turi. The former speaker of National Assembly Fehmida Mirza declared property worth Rs 40 million. In the declaration, she priced her apartment at Global Lake View, Dubai, at Rs 1.6 million ($16000) which is being seen as an exceedingly low price. Independent Member of National Assembly Jamshed Dasti was declared the poorest parliamentarian with no assets apart from his salary.

He did not fill his asset-declaration form and had informed the ECP of an account in a bank in the parliament house. He did not even show any cash in the account. The net assets of Imran Khan, chairman of Pakistan Tehreek-i-Insaf party, amounted to Rs29.6 million this year. Out of the 14 different properties he owned in Pakistan, he inherited eight while two were gifted. Khan has a Toyota Prado having estimated value of Rs 5 million. He also has Rs 13.6 million in a bank. Maulana Fazalur Rehman, chief of Jamiat Ulema-e-Islam party, declared his assets worth Rs6.5 million. He did not declare possession or ownership of any vehicle despite using SUVs for last many years.

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