NAB UNVEILS DETAILS OF NAWAZ SHAREEF'S ASSETS
NAB UNVEILS DETAILS OF NAWAZ SHAREEF'S ASSETS
Former premier has eight bank accounts; shares in four companies.
ISLAMABAD:
The country’s prime graft buster – the National Accountability Bureau (NAB) – has submitted a report to an accountability court, providing complete details of the movable and immovable assets of convicted former prime minister Nawaz Sharif.
Islamabad Accountability Court-II judge Azam Khan on September 10 declared Nawaz Sharif a proclaimed offender in a gift repository – Toshakhana – case after the PML-N supreme leader failed to appear before the court despite repeated summonses.
The court had also initiated the process to confiscate Nawaz’s properties and directed NAB to make his arrest through Interpol. Nawaz has been in London since November 2019 when the government gave him a rare permission to fly abroad to get medical treatment for debilitating health conditions.
On Friday, NAB investigating officer Raheel Azam submitted the report for which details had been sought from the Election Commission of Pakistan (ECP), the Federal Board of Revenue (FBR) and the Securities and Exchange Commission of Pakistan (SECP).
According to the SECP, Nawaz Sharif owns 467,950 shares in Muhammad Bakskh Textile Mill, 343,425 shares in Hudabiya Paper Mills, 22,213 shares in Hudabiya Engineering Company and 48,606 shares in Ittefaq Textile Mills.
He has eight accounts in various private banks, including three foreign currency accounts. He has Rs612,000 in five bank accounts and in his foreign currency accounts, Nawaz has €566, $698 and £498 respectively.
The Lahore Development Authority (LDC), The Galiyat Development Authority (GDA), additional-deputy commissioners of Lahore and Sheikhupura and assistant-commissioner of Murree also reported that Nawaz and his dependents have properties in Lahore, Sheikhupura, Murree and Abbottabad.
According to the report, Nawaz owns a bungalow in Murree, a 15 kanal house in Gali, Abbottabad and property in Upper Mall Lahore.
He and his dependents own more than 1,752 kanals of agriculture land which includes 936 kanal in Mouza Manak in Lahore, 299 kanal in Mouza Baduksani, 103 kanal in Mouza Mall Raiwind in Lahore, 312 kanal in Mouza Sultan, 14 kanal in Sheikhupura district and 88 kanal in Mouza Ferozwatan.
NAB reveals stunning details of Shahbaz Sharif assets and gifts to and from sons
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The National Accountability Bureau (NAB) has revealed more details about the shady transactions by former Chief Minister Punjab Shahbaz Sharif.
According to the Anti-Graft body the PML-N President Shahbaz Sharif gave more than Rs. 24 crores 22 lakh as gifts to his wife and children while Shahbaz Sharif received Rs. 42,680,678 as gifts from his sons.
NAB unveils details of Shahbaz Sharif’s assets in U.K
According to the Excise and Taxation Office of Lahore and Islamabad, Nawaz Sharif also owned three luxury vehiclesNAB unveils details of Nawaz Sharif’s assets
The National Accountability Bureau (NAB) has released details of flats bought in London by Leader of the Opposition and Pakistan Muslim League Nawaz PML-N President Shahbaz Sharif during his exile.
According to a document released by the NAB, Shahbaz Sharif bought four flats worth more than one million pounds in the UK during his exile.
As per NAB, PML-N President Shahbaz Sharif took loans from various businessmen, Barclays Bank, Asma Dar, and others.
NAB revealed that a flat was bought in London in 2005 by Shahbaz Sharif worth more than 235,000 pounds.
For the flat, 75,000 pounds was borrowed from a businessman and more than 0.1 million pounds from Barclays Bank.
According to the document, the second flat was bought in London in 2007 for 160,000 pounds. To buy the flat, Shahbaz Sharif borrowed 16075 pounds from a businessman and 143,000 pounds from Barclays Bank.
NAB report reveals Nawaz Sharif’s assets detail
The National Accountability Bureau (NAB) submitted a report in Islamabad accountability court,...
NAB documents stated that the third flat was purchased in 2007 for 650,000 pounds, for which the PML-N President borrowed 40,000 pounds from a businessman and 547114 pounds from Barclays Bank.
Shahbaz Sharif bought the fourth flat in London in 2009 for 286,000 pounds during his exile, for which the businessman lent him 2230,607 pounds.
Islamabad: Pakistani premier’s 20 advisers and special assistants have declared their assets and nationalities. The list of their possessions were published on the official website of Pakistan government’s cabinet division. At least six special advisers stated that they have dual nationalities as others announced self-declaration of their movable and immovable assets worth millions of dollars.
Many Pakistanis hailed the decision saying the declaration demonstrates PM Khan’s commitment towards accountability and has set new standards of transparency by the government. However, the move led to strong criticism by opposition leaders over dual nationalities of the advisers.
WHICH CABINET MEMBERS HAVE DUAL NATIONALITIES?
Out the 20 aides of Prime Minister Imran Khan, six declared that they are dual nationals. They include:
1. SAPM on Overseas Pakistanis Syed Zulfiqar Abbas Bukhari - United Kingdom
2. SAPM on Power Division Shahzad Qasim - United States
3. SAPM on Petroleum Nadeem Babar - United States
4. SAPM on Political Affairs Shahbaz Gill - United States
5. SAPM on Parliamentary Coordination Nadeem Afzal Gondal - Canada
6. SAPM on Digital Pakistan Tania Aidrus - Canadian citizenship by birth
Earlier, Dr. Moeed Yusuf’s name was also on the list but later it was clarified that he had the US residency and only holds citizenship of Pakistan as per the affidavit submitted to the government. “I have not returned to the US since I took up my current responsibility, have no employment or income in the US nor do I have any millions worth properties abroad” Dr. Yusuf clarified.
Who is the wealthiest of them all?
The wealthiest special assistant to the prime minister (SAPM) is Power Division and Mineral Resources Assistant Shahzad Syed Qasim who has assets worth over Rs4billion followed by SAPM on Petroleum Nadeem Babar with assets worth Rs2.75 billion. Adviser for Overseas Pakistanis Syed Zulfiqar Abbas Bukhari’s net assets are estimated over Rs2 billion.
ASSETS OF KEY MEMBERS:
Shahzad Qasim – over Rs4 billion
Nadeem Babar – Rs2.75 billion
Zulfiqar Bukhari – over Rs2 billion
Sardar Yar Muhammad Rind – Rs812 million
Tania Aidrus – over Rs481 million
Asim Bajwa – Rs158 million
Shehzad Arbab – Rs127 million
Dr. Moeed Yusuf - Rs109 million
Usman Dar – Rs62 million
Dr. Zafar Mirza – Rs50 million
Dr. Sania Nishtar – Rs14 million
Details of assets owned by Pakistani cabinet members:
Shahzad Syed Qasim – PM’s Aide on Power Division and Coordination of Marketing and Development of Mineral Resources owns assets in Pakistan, UAE and US. His three properties in UAE include two villas in Jumeirah Golf Estates and Sienna Lakes, Jumeirah Golf Estates and an apartment at Park Towers, DIFC – all worth Dh20,688,000 (Rs942 million). He also has three cars in the UAE worth Dh400,000. In the US, he has property worth US$865,000 (Rs144 million) while he has Rs4 billion in various local and foreign bank accounts and retirement funds including $2.1 million in US.
Nadeem Babar – Special Assistant on Petroleum Division Nadeem Babar owns assets worth over Rs2.7 billion, including several properties in Pakistan and abroad and stakes in more than 30 local and foreign companies.
Zulfi Bukhari – Prime Minister’s Special Assistant on Overseas Pakistanis, Sayed Zulfikar Bukhari, possesses over Rs2 billion. He has four gifted or inherited properties in Pakistan. His properties in the United Kingdom (a flat, furniture and paintings) are worth £5.28million (Rs1 billion). He owns four luxury vehicles in the UK, worth more than £578,000 (Rs121million) and one Toyota Land Cruiser in Pakistan. He also owns around Rs357million in banks and cash and around Rs482m in business capital.
Sardar Yar Muhammad Rind – PM’s Assistant on Ministries of Water Resources, Power and Petroleum in Balochistan, Sardar Rind, has assets worth Rs812 million total. Rind’s properties in UAE’s Spring Residential Villa in Dubai and apartment at International City Dubai are worth Rs75million.
Tania Aidrus – PM’s Assistant on Digital Pakistan Tania Aidrus owns four properties abroad — two in the US and one each in the UK and Singapore — with a value of Rs454million. The properties in Singapore and US are under mortgage. She has no property in Pakistan. Her bank accounts both in Pakistan and abroad are worth Rs25m. She owns a Toyota Fortuner vehicle.
Asim Saleem Bajwa – PM’s Assistant on Information & Broadcasting Lt Gen (retd) Asim Saleem Bajwa owns property worth Rs158 million — two in Islamabad, two in Karachi, two in Lahore and one each in Rahim Yar Khan and Bahawalpur.
Shahbaz Gill – PM’s Assistant on Political Communication Shahbaz Gill owns a total of 118 million including more than Rs2.6 million in local banks while more than Rs31 million in JPMorgan Chase in the US and a joint family account in the Busey Bank (US) that has Rs1.6 million.
Dr. Moeed Yusuf – PM’s Assistant on National Security and Strategic Policy Planning Dr. Moeed Yusuf has total assets worth Rs109million. He owns two cars worth Rs8.54m including an Audi A3 – both received as gifts.
Mirza Shahzad Akbar – Accountability Assistant Shahzad Akbar, along with his spouse, has properties worth Rs72 million.
Usman Dar – PM’s Assistant on Youth Affairs Usman Dar owns nearly Rs62 million including Rs35m cash in hand and Rs20m in bank and investment in shares.
Shehzad Arbab – Adviser to PM on Establishment owns assets worth Rs100 million, including houses, plots, and shops.
Nadeem Afzal Gondal - PM’s Assistant on Parliamentary Coordination Nadeem Gondal owns land worth more than Rs7.8 million and residential property worth over Rs9.4 million. His business capital is Rs2.5 million.
Ali Nawaz Awan – PM’s Assistant on Capital Development Authority Affair Ali Awan owns property in Pakistan worth Rs39 million. He has no properties abroad. His business capital amounts to Rs5.6million.
Dr. Zafar Mirza – PM’s Assistant on National Health Services and also Minister of State, Dr. Zafar Mirza owns assets worth Rs50.7 million, including a house worth Rs20 million and two plots worth Rs30 million.
Sania Nishtar - PM’s Assistant on Poverty Alleviation and Social Safety Sania Nishtar, along with her husband, have a total bank balance of Rs14.8 million.
NAB to also probe Maryam in Safdar’s assets beyond means case
Anti-graft watchdog says PML-N leader has been found to have properties in her name
Maryam Nawaz and Capt (retd) Safdar Awan. PHOTO: EXPRESS
LAHORE:
The National Accountability Bureau (NAB) has decided to include Pakistan Muslim League-Nawaz (PML-N) Vice President Maryam Nawaz in the assets beyond means probe against Captain (retd) Safdar, it emerged on Monday.
The Lahore division of the top anti-graft watchdog made the decision after it "found important leads in the case".
According to the authority, Maryam has been found to be the owner of the benami properties bought by Safdar, her husband.
Maryam, also the daughter of former prime minister Nawaz Sharif, has properties of hundreds of acres in her name in Raiwind and other areas of Punjab.
NAB's documents suggest that details have also been sought regarding Safdar's sources of earning.
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Read Reinvestigation ordered in Capt Safdar case
Sources in the bureau said that its Khyber-Pakhtunkhwa division received reports about him in 2020, saying the cases were moved to Lahore as majority of his properties were found to be in the provincial capital.
Captain (retd) Safdar has been facing the probe for around two years over the possession of assets that are allegedly disproportionate to his known sources income, a crime under the National Accountability Ordinance, 1999.
The executive board of the anti-graft watchdog had given the nod for the probe in 2018 after a complaint was sent to it by a citizen.
According to the complainant, Safdar owned 300 kanals of land, a 30 kanals plot, a one kanal house, a flour mills and other properties in Mansehra.
NAB reveals asset details of Shehbaz Sharif
The National Accountability Bureau (NAB) has revealed the value of the unnamed assets of Pakistan Muslim League-N President Shehbaz Sharif.
Shahbaz Sharif, according to the NAB report, owns the assets valued Rs 7.58 billion. According to NAB documents, Shehbaz Sharif’s apparent assets are worth Rs 269.31 million. Shehbaz Sharif’s unnamed assets include properties, 3 companies, secret bank accounts, and shares.
According to the report, the assets of Shehbaz Sharif’s unnamed company Unitas and Good Nature are worth Rs 1.88 billion. Nisar Trading, an unnamed company of PML-N president Shahbaz Sharif, is worth Rs. 51.52 million. NAB has found evidence of Rs. 271.339 million in the secret bank accounts by Shahbaz Sharif. According to the document, Shahbaz Sharif’s shares are worth Rs 1.2 billion.
Let it be known that Lahore High Court will hear pre-arrest bail proceedings of opposition leader in National Assembly Shehbaz Sharif in assets beyond means and money laundering cases on September 24.
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Nawaz Sharif and Shahbaz Sharif Assets in Pakistan
Sharifs’ Gharibi Hatao Program in the Punjab
Mian Mohammad Sharif, father of Nawaz Sharif and his six brothers founded Ittefaq foundry in 1939. The House of Ittefaq, the industrial conglomerate of Nawaz Sharif’s family is not unity anymore and 119 offspring’s siblings and spouses of the seven founding brothers are currently battling in courts for the division of the assets of the Ittefaq group.
The House of Ittefaq claims to have lost an industrial unit in East Pakistan, besides losing Ittefaq foundry to Bhutto’s nationalization. In the aftermath of nationalization Mian Mohammad Sharif tried luck in UAE where he set up a steel re-rolling mills. He is reported to have told his family that while leaving for UAE that he would not return till the mill was ready. The factory was therefore, completed on time but proved too taxing for aging Mian Sharif in an unfamiliar enviroment and therefore, he returned after operating it for about a year or two.
Lady luck smiled on the Sharif family when in late 1970′s General Zia ul Haq returned them Ittefaq foundry and Nawaz Sharif was appointed finance minister in the Punjab cabinet. By that time the House of Ittefaq comprised of following five enterprises:
Ittefaq Textile
Nawaz Shahbaz Enterprise
Jawaid-Pervaiz Enterprise
Ittefaq Brothers (Pvt) Ltd
Khalid Siraj Industries (Pvt) Ltd
New industrial units were set up with electrifying speed in the 1980′s while Nawaz Sharif was the finance minister and later chief minister of Punjab.
Ittefaq Sugar Mills was set up in 1982, Brothers steel in 1983, Brother’s Textile Mills in 1986, Ittefaq Textile units in 2-3 in 1987, Khalid Siraj Textile Mills in 1988.
During Benazir’s first tenure, when Nawaz Sharif was the uncrowned King of the Punjab, the group started work on Brothers Sugar Mills and Ramzan Sugar Mills which turned out to be the last project set up under the banner of Ittefaq.
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بھٹو کیسے زندہ ھے اور کیوں زندہ رھے گا۔ پلیز تھوڑی سی توجہ چاھئے۔ پاکستان کے نوجوانوں کے لئے بطور خاص۔ شکریہ۔
The Bhutto government established around
6,500 elementary schools,
900 middle schools,
407 high schools,
51 intermediate colleges and
21 junior colleges.
Bhutto's government founded Abbasi Shaheed Hospital in Paposh Nagar Karachi in 1974.
Bhutto's government established Sindh Medical College karachi on April 7 1973.
Bhutto's government established chandka medical college larkana in April 20 1973.
Bhutto's government established bolan medical college Quetta in 1972.
Bhutto's government established Allama Iqbal Medical College Lahore (then Lahore Medical College) on May 2 1975.
Bhutto's government established Hayat Shaheed Teaching Hospital Peshawar in 1976 (now is called khyber teaching hospital).
Bhutto's government made Islamic and Pakistan studies compulsory in schools.
Book banks were created in most institutions and over 400,000 copies of text-books were supplied to students.
Bhutto established Gomal University Dera Ismail Khan in 1973 and world class Quaid-e-Azam University and Allama Iqbal Open University in Islamabad in 1974.
Bhutto established the Allama Iqbal Medical College in 1975.
In 1974, with the help of Dr Abdus Salam, Bhutto gave authorisation of the International Nathiagali Summer College on Contemporary Physics (INSC) at the Nathiagali and as even as of today, INSC conference is still held on Pakistan, where thousands of scientists from all over the world are delegated to Pakistan to interact with Pakistan's academic scientists.
In 1976, Bhutto established the Engineering Council, Institute of Theoretical Physics, Pakistan Academy of Letters and Cadet college Razmak in North Waziristan.
further four new Universities established at Multan, Bahawalpur, and Khairpur.
People's Open University is another innovative venture which has started functioning from Islamabad.
For Hostels, Directions were issued that fans, water-coolers and pay-telephones must be provided in each and every hostel in as short a time as physically possible.
Seven thousand new hostel seats were planned to be added to the existing accommodation after the 1977 election.
The agricultural land ceiling, for the first time, was fixed, in Bhutto's period, to 150 acres of irrigated land and 300 acres of non-irrigated land.
Huge tax exceptions were also introduced for small landowners.
Bhutto upgraded a number of dams and barrages.
Bhutto Government initiated schemes for combating water logging and salinity.
In 1976, the Bhutto government established Federal Flood Commission (FFC), and was tasked to prepare national flood protection plans, and flood forecasting and research to harness floodwater.
Bhutto government launched programs to put the country on to self-sufficiency in rice, sugar, wheat and industries.
Bhutto's nationalisation of industries heavily benefited the poor mass, but badly upset the influential feudal lords.
In Balochistan, Sardari System was abolished.
KESC was created and kept under complete government control with no private influence.
Bhutto also established
the Port Qasim,
Pakistan Steel Mills,
the Heavy Mechanical Complex (HMC)
and several cement factories.
Throughout Bhutto's period the growth rate of economy relative to that of the 1960s remained at equilibrium level despite the global oil crises in 1973 and without USAid and with USA sanctions.
Bhutto's policy largely benefited the poor and working class when the level of absolute poverty was sharply reduced.
The land reform programme provided increased economic support to landless tenants.
Development spending was increased especially in health, education, roads, rails and airports constructions.
Foreign companies and industries in Pakistan were exempt from nationalisation to keep the flow of investment intact.
In 1973, Bhutto said that: "activity of public sector or state sector prevents the concentration of economic power in few hands, and protects the small and medium entrepreneurs from the clutches of giant enterprises and vested interests" in front of investers of Lahore Chamber of Commerce.
In July 1973 Bhutto founded the National Development Finance Corporation(NDFC) with an initial government investment of 100 million rupees. The NDFC is currently the largest development finance institution of Pakistan. 42 projects financed by NDFC have contributed Rs. 10,761 million to Pakistan's GDP and generated Rs. 690 million after-tax profits and 40,465 jobs.
The Bhutto government increased the level of investment, private and public, in the economy from less than Rs. 7,000 million in 1971–72 to more than Rs. 17,000 million in 1974–75.
Bhutto amended banking laws forcing banks to ensure 70% of institutional lending should be for small land holders of 12.5 acres or less. It was a revolutionary idea at a time when banks only clients were the privileged classes.
The number of bank branches rose by 75
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