ISLAMABAD, May 30: PML-N leader Mohammad Shahbaz Sharif, who is set to regain the office of Punjab chief minister, is richer than his elder brother, the incoming prime minister Nawaz Sharif.
According to statements of assets and liabilities submitted by them to the Election Commission along with their nomination papers, the net worth of Nawaz Sharif’s assets was Rs261.6 million last year and that of the assets of Shahbaz Sharif Rs336.9m.
Interestingly, the worth of Nawaz’s assets increased by Rs95.6m in a year and that of Shahbaz dropped by Rs56.5m. In 2011, the assets of the two brothers were worth Rs166m and Rs393m.
According to tax details, Nawaz’s total income in 2010 was Rs9.7m, which grew to Rs10.6m in 2011 and Rs12.4m in 2012 and he paid Rs2m, Rs2.8m and Rs2.4m as income tax.
The land holding of Nawaz increased from 934 kanals in 2010 and 2011 to 1,707 kanals in 2012. His agricultural income was Rs5.2m, Rs5m and Rs8.3m and he paid agricultural tax of Rs0.75m, 0.73m and Rs12.3m during the years. He lives in a house owned by his mother.
The income of Shahbaz was Rs3.1m in 2010 which swelled to Rs12.8m in 2011 and Rs14.9m in 2012. He paid Rs0.25m, Rs2.2m and Rs2.6m as income tax. In 2010, his agricultural income from 867 kanals was Rs3.5m. The land holding dropped to 677 kanals in 2011and the income remained at Rs16.5m and Rs16.4m in 2011 and 2012. Agricultural tax paid by him during the three years was Rs0.44m, Rs2.7m and Rs2.5m. Shahbaz Sharif lives in a Rs120m house owned by his spouse.
PTI chief Imran Khan paid Rs1.8m in taxes in 2010 when his income was Rs11m, but when his income more than doubled to Rs23.5m in 2011, he paid Rs0.32m as income tax. The income declined to Rs16.1m in 2012 and the tax to Rs0.27m.
His agricultural income from 931 kanals remained Rs0.75m and Rs2.3m in 2010 and 2011. It rose to Rs3.5m in 2012 when the land holding increased to 1,346 kanals. He paid Rs61,500, Rs0.29m and Rs504m tax.
Mr Khan holds four foreign currency accounts, with one of them showing a deposit of over $0.5m. He has shown net worth of his assets in 2012 at Rs30m.
Former military ruler retired Gen Pervez Musharraf, whose nomination papers were rejected, mentioned the worth of his assets in and outside the country at Rs0.64m, but showed an increase of Rs129m in value in one year.
PPP Parliamentarians chief Makhdoom Amin Fahim paid Rs1.17m, Rs1.25m and Rs1.35m as income tax in 2010, 2011, and 2012 for the income of Rs11m, Rs11.4m and Rs12.4m. He mentioned salary and rent as sources of his income. He holds agricultural land measuring 360 acres and his agricultural income was Rs5.46m, Rs5.45m and Rs4.12m. He paid Rs0.74m, Rs0.72m and Rs0.52m as agricultural income tax.
The value of assets owned by Qaumi Watan Party chief Aftab Ahmad Khan Sherpao grew from Rs43.7m in 2011 to Rs126m in 2012. He paid Rs55,327, Rs46,832 and Rs58,862 as income tax in 2010, 2011 and 2012.
JUI-F chief Maulana Fazlur Rahman paid Rs27,208, Rs46,832 and Rs57,064 as income tax on his salary. He has declared the worth of his property, including two houses and a five-kanal plot in Dera Ismail Khan, at Rs4.7m.
Syed Khurshid Shah of PPP, who has been named leader of the opposition in the National Assembly, has put the worth of his assets as Rs11.8m.