Pakistani politicians are among the richest people in the country. In the run-up to the General Elections 2018, they are legally bound to declare their assets before the Election Commission of Pakistan (ECP) to ensure transparency when it comes to their financial matters.
The ECP has been scrutinizing the details of their assets during the past few days. For our readers, we have compiled this list that features some of the most prominent Pakistani politicians and how much wealth they have to their name to date.
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Note:Â Property values mentioned in this list state the Cost Value (the price they were purchased at originally) and not their Present Value as per ECP’s rules.
Asif Ali Zardari
Former President of Pakistan, Asif Ali Zardari has declared his assets to be worth Rs 758,669,073 (758 million) before the ECP by submitting the Statement of Assets and Liabilities.
Pakistan Peoples Party Parliamentarians’ (PPPP) Co-Chairman’s major source of income is agriculture; he owns 349 acres of agricultural land and 7,399 acres obtained on lease, having earned Rs 134,016,650 in 2017.
Other businesses accounted for Rs 97,51,400 in 2017. Zardari’s taxes were reported to be Rs 26,32,490. Zardari holds a UAE Iqama as well.
Bilawal Bhutto Zardari
Chairman PPPP, Bilawal Bhutto Zardari’s documents reveal that he has assets in excess of Rs 1 billion. Bilawal paid Rs 237,152 as income tax, with his sources of income being foreign investments, rental properties, agriculture, and bank profits. In addition, the PPP head has claimed to have paid Rs 3.95 million as agricultural income tax.
Bilawal has Rs 50 million in cash, Rs 13.86 million in banks, 20 properties in Pakistan including commercial, agricultural and residential, 2 villas in Dubai, Rs 1.25 million in government bonds, Rs 1.11 million worth shares, one investment in the UK, 22 in UAE, arms and ammunition amounting to Rs 3 million and the same for valuables and other daily usage items.
The PPP leader does not own any car and Bilawal house is valued at Rs 3 million.
Maryam Nawaz
Pakistan Muslim League N (PML N) leader, Maryam Nawaz’s assets for the year 2017 amounted to Rs 845,953,559 (845 million).
Maryam owns 1,506 kanals of irrigation land, up from 958 kanals three years ago, and is a shareholder in multiple mills and industries including Hudaybia Paper Mills Limited, Hudabiya Engineering Co Private Limited, Muhammad Buksh Textile Mills Limited, Hamza Spinning Mills Limited and Chaudhry Sugar Mills Limited.
She also has jewelry worth Rs 1.7 million, received 40 million as gifts, and has invested 3.4 million in flour mills. Nawaz Sharif’s daughter has received a loan of Rs 20 million from her brother Hasan Nawaz, while she has granted a loan of Rs 7 million to Soft Energy Private Limited.
Imran Khan
Pakistan Tehreek-e-Insaf (PTI) Chairman, Imran Khan possesses assets worth Rs 38,694,493 (38.6 million) and paid Rs 303,763 in taxes in 2017.
Khan’s earnings in 2017 amounted to Rs 4,776,611 with sources of income being MNA’s salary, PCB pension, agricultural lands (168 acres) and bank profits.
The cricketer-turned-politician owns 14 properties in Pakistan as well. Khan has one Euro account, two Dollar accounts and one Pound account.
Shahbaz Sharif
In the recent drive by the ECP to make the assets of election candidates public, details of Shahbaz Sharif’s assets were also made public which reveal that the former Chief Minister of Punjab has assets worth Rs 159 million.
The younger of the Sharif brothers owns 670 kanals agricultural land, properties in Murree and Lahore, two flats in the UK worth £918,295, a bank balance of Rs 11.4 million, and shares in several mills, and a gifted land cruiser.
As per 2015 figures, Shahbaz Sharif’s assets in Pakistan included a 553 kanal agricultural plot, shares in different mills, two properties in Murree and a Land Cruiser which was gifted to him. Shahbaz’s first wife, Nusrat Shahbaz owned more assets that her husband (Rs 276.03 million), while the second wife, Tehmina Durrani’s net worth stood at Rs 9.23 million in 2015. His overall worth in 2015 stood at Rs 132 million as he had a liability of Rs 132.22 million.
Hamza Shahbaz
Shahbaz Sharif’s son, Hamza Shahbaz has shares in 21 mills, Rs 4.4 million in bank accounts and prize bonds, and a 155-kanal plot. In addition, he owns Rs 36 million worth of properties and non-agricultural land in Lahore amounting to a total of Rs 411,540,310.
Mehrunnisa (net worth Rs 2.2 million) and Rabia (net worth Rs 39.4 million) are Hamza’s wives as per the documents submitted to the ECP. He does not own any vehicle.
Khawaja Saad Rafique
Former Minister for Railways, Khawaja Saad Rafique has assets worth Rs 178.4 million as revealed by the ECP.
On his income of Rs 39.8 million, the former Federal Minister paid Rs 5.2 million tax. He has a bank balance of Rs 1.5 million, shares worth Rs 11.5 million, prize bonds worth Rs 14 million, furniture and other valuables worth Rs 2.5 million, and one Rs 125,000-ancestral home.
Saadian Associates Marketing and Consultancy is valued at Rs 29.8 million, while he owns three houses in Lahore; one in DHA and two in Cantt. His liabilities stand at Rs 29.5 million, which he took as a loan from a cousin.
Sharjeel Memon
PPP Leader Sharjeel Memon owns assets worth Rs 160 million as per his statement submitted to the ECP. His last year’s income tax was Rs 2,211,858 and he also paid agricultural income tax of Rs 4,650,000.
Previously at Rs 173.758 million in 2016, Memon’s overall assets have declined. The former member of Provincial Assembly owns a house and agriculture land in Tharparkar (Rs 15,080,000), a plot in Karachi (Rs 120,000), two houses in Defence Karachi (Rs 14,100,000), foreign properties (Rs 148, 900,000) and an international business named International Gulf Group (Rs 3,000,000) in his wife’s name.
His bank balance is Rs 32,112,524, cash worth Rs 80,791,389, 3 vehicles (Rs 39,570,000), jewlry (Rs 300,000) and other valuables worth Rs 25,00,000.
Nasir ul Mulk
Caretaker Prime Minister, Nasir ul Mulk’s asset details also surfaced over the media after ECP had asked the interim setup members to declare their assets.
Justice (retd.) Nasir ul Mulk owns properties in Pakistan including a 2-kanal plot in Bahria Enclave (Rs 11 million), two 1-kanal plots in G-14 and D-14, an apartment in Diplomatic Enclave (Rs 22 million) among others making a tally of 14 properties in the country along with 45 shops in Swat. His foreign properties are in Singapore (£272,850) and London ($714,286), both registered under his wife’s name, who is a foreign national.
In addition, the interim premier has $380,363 mortgage on properties, a bank balance of Rs 100 million, Rs 6.5 million furniture, Rs 3.1 million jewelry, and other investments worth $722,590 including shares in a CNG station and a flour mill.
Hasan Askari
The interim Chief Minister (CM) Punjab, Hasan Askari’s assets amount to Rs 20.48 million.
The caretaker CM has Rs 10 million in banks, Rs 0.93 million cash/prize bonds, and a 7-million house in Lahore, and one vehicle.
Dost Muhammad Khan
KPK’s Interim Chief Minister, Justice (retd.) Dost Muhammad Khan’s assets include multiple residential plots worth more than Rs 30 million in Islamabad, bank balance worth Rs 102.7 million (some sources say its 12.7 million), and prize bonds worth Rs 23,000-28,000.
Note: This list will be updated periodically as asset details of other politicians are made public by the ECP.
Sources: Dawn, Dunya News, ECP
Irony,
world richest peoples are leader of the world’s poor country.
That’s how they become rich my friend..
correction- its Pakistan’s richest people
Lol ahad cheema a DG did corruption of 18.5 billion dollars which is just 0.2 billion less the prince al waleed bin talal the richest Saudi Arabian think how much these upper people have made
If anyone knows or lived in Bani Gali and surrounding areas i.e. Lakhwal, Kori Shehr, Mora Noor must be knowing that how expensive the land there is.
I do not know about the rest (no personal knowledge) but I can only say about two asset declarations by Imran and Zardari/Bilawal.
Considering the current land market value in Bani Gala, Mora Noor and surrounding one can easily say Imran has declared 1% of actual market value for Bani Gala/Mora Noor land.
Zardari’s front man, raised by Hakim Zardari and in past de-fecto CM of Sindh.. Owais Muzafar owns property worth billions of dollars in Dubai’s Deira, Bur Dubai (mainly hotels and hotel apartments), Garden, Palm, Dubai Healthcare (towers) and others. This is actually property of Zardari. I could not find Ajman palace declared by Zardari.
Shareef khaandan k assets bhool gae?
Ye sab politicians (sab matlab SAB) ne shayad 5% asaasay show kiay hain. Jo assets in logoun ne show kiay hain ye to joke hai.
He will never debate on assets of PMLUN as he is a G4nd0
If a DG can do corruption worth 18.5 billion dollars then how much this big fish make
What about the Nawaz Sharif ?
ECP has made public the assets details of only those contesting the General Elections 2018. Nawaz Sharif cannot contest the elections therefore he wasn’t asked by the ECP to submit asset details.
Right, just check the level of knowledge of Insafians :) Little kids
Who told you, He’s insafian? apki is harkat se ap lazmi patwari lagtay ho jinhay in dino raat khawab main bhi imran khan nazar ata hai :p
How come IK paid 300K tax in 2017? Any proof?
Tax paid in 2015 = 76244,
Tax paid in 2016 = 159609,
Tax paid in 2017 = 103763,
The writer seems to be equally capable of lying as his ideal IK.
There is no proof of anything in the above-mentioned figures. I have written that these are the numbers from the Statement of Assets and Liabilities submitted by politicians to the ECP. I haven’t made up anything and everything written above is linked back the original sources.
Next time you label someone as a liar, be very careful. Check the reference links and you will get your answers.
so they are here again to loot us and we will elect them while we know they will become more rich and we will decline further more.
just one thing folks, FBR section 116 allows candidates to show their assets at cost value. so till there’s a loophole in rules, ppl would make advantage of the same.