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Rs1.4b fortune: Nawas richest politician, Achakzai ‘poorest’, Imran has Rs30m net assets

byCustoms Today Report
09/01/2015
in Business
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ISLAMABAD: Prime Minister Nawaz Sharif has topped the list of richest lawmakers in country with his financial fortune together with his spouse worth Rs1.4 billion and Pakhtunkhwa Milli Awami Party (PkMAP) Chief Mehmood Khan Achakzai seems to be the ‘poorest’ member of the assembly as he owns nothing.

This was disclosed when the Election Commission of Pakistan (ECP) made public assets of Parliamentarians on Thursday.

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According to the annual financial disclosures, the Prime Minister as MNA National Assembly is the richest member of the House and his assets include ancestral land, four vehicles, cash money in banks, commercial buildings, under construction properties, and residential villas with his spouse Begum Kulsoom Nawaz owning residential houses worth Rs600 million.

With the ECP not empowered to cross check the assets disclosed by lawmakers, the commission has urged the Electoral Reforms Committee to make amendments in Constitution in order to empower the ECP so that it could independently confirm the actual assets of lawmakers.

Mehmood Khan Achakzai owns nothing in his name even the house he resides in except three assault rifles (AK-47) and a 30-bore pistol.

Pakistan Tehrik-e-Insaf (PTI) Chairman Imran Khan has net assets worth Rs30 million showing an increase of Rs3 million compared to last year. While the value of a residential flat located in posh and secured Diplomatic Enclave has been estimated at Rs1.1 million, the value of two cows and buffaloes owned by the PTI chief collectively are worth Rs300,000.

Senator Israrullah Zehri has emerged as the wealthiest member of the Senate who owns 38,000 acres of land besides having commercial plazas, plots and properties.

Asad Umar, a key leader of PTI, has a fortune worth Rs600 million besides having three luxury cars and his spouse possessing gold worth Rs4 million.

The representative of poor class Muttahida Qaumi Movement’s (MQM) MNA Farooq Sattar has disclosed his assets to be worth Rs29 million although he owns an ordinary car worth Rs400,000.

Ameer JUI-F Maulana Fazlur Rahman has shown his two residential houses in DI Khan and has not mentioned any vehicle in his name while the lawmaker has mentioned the value of a his house spread over five kanals of land as less than a million in D.I.Khan.

Interior Minister Chaudhry Nisar has shown a bank balance of Rs 53 million. He inherited a property in Chakri along with a property in Rawalpindi.

Assets of Rs700 million have been marked against the name of Finance Minister Ishaq Dar. KP Chief Minister Parvez Khattak’s assets are of Rs270 million. Information Minister Pervaiz Rasheed possesses no property.

Moreover, Pakistan People’s Party (PPP) leader Khursheed Shah’s total assets are worth more than Rs20 million, whereas Chief Minister Sindh Qaim Ali Shah’s assets amount to more than Rs10 million. PTI Vice President Shah Mehmood Qureshi’s total assets are more than Rs130 million.

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