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Imran declares assets worth Rs3.8bn

By Iftikhar A. Khan 2018-06-21
ISLAMABAD: The statement of assets submitted by politicians with their nomination papers showed that the worth of assets owned by Pakistan Tehreek-i-Insaf (PTI) chairman Imran Khan has increased from Rs1.4 billion in 2015-16 to Rs3.8 billion last year, while Maryam Nawaz owned assets worth Rs845 million.

The total value of assets of former president and co-chairman of Pakistan Peoples Party Asif Ali Zardari is around Rs758.66m.

According to the statement of assets for the financial year 2016-17 submitted with his nomination papers, the worth of Mr Khan`s assets has registered more than a twofold increase to reach Rs3.8 billion in one year, as it stood at Rs1.4 billion in 2015-16, making him the richest politician in terms of declared wealth.

Over one dozen properties owned by Mr Khan include his 300-kanal residence in Islamabad`s Banigala, a family home in Lahore`s Zaman Park and 168-acre agricultural land and an apartment in diplomatic enclave. His sources of income include earnings from agriculture, bank profit and salary.

MaryamNawaz Maryam Nawaz, former prime minister Nawaz Sharif`s daughter who entered active politics following the disqualification of her father and is now set to make her debut in electoral politics, owns assets worth over Rs0.840 billion.

According to the details of her assets annexed with her nomination papers, she holds shares in Chaudhry Sugar MillsLimited, Hamza Spinning Mills Limited, Mohammad Bukhsh Textile Mills Limited, Hudaibya Papers Mills Limited and Hudaibya Engineering Co Private Limited.

She owns 1,506-kanal irrigation land, invested Rs3.4 million in her family`s flour mills and gave a loan worth Rs7 million to Soft Energy Private Limited. She owns jewellery worth Rs1.7 million.

Besides, her brother Hasan Nawaz, who resides in the United Kingdom, has given her aloanofRs20million,whileshealsoreceived Rs40 million as gif ts.

Pervez Musharraf While the former military ruler, retired Gen Pervez Musharraf, does not own any immovable assets in Pakistan, he has an apartment, valued at Rs90 million, in the UAE.

The five properties in Pakistan in his wife`s name, Sehba Musharraf, include a farm house in Islamabad`s Chak Shahzad valued at Rs23.75 million, a house in DHA Karachi worth Rs5 million, two shared plots in DHA Karachi while she also has a shared property in DHA Islamabad.

The ex-army chief also holds Rs21 million in three of his eight accounts one of which is his pension account as former army chief in Rawalpindi and Islamabad, according to details of assets submitted with his nomination papers.

Half of the eight accounts are joint accounts with his wife.

Apart from the bank accounts, which were frozen on a court order, his only assets in Pakistan declared by the former ruler are two 2008-model SUVs, which are valued at Rs13 million.

However, his assets abroad include an apartment in South Ridge downtown Dubai, UAE, valued at Rs90 million, and two vehicles there worth Rs13 million.

Besides the immovable property, his wife owns three Toyota jeeps and two Toyota Hiace vehicles valued at Rs24 million. Her jewellery and furniture are worth Rs6.5m.