Shahbaz owns assets worth Rs153m in UK, Rs108m in Pakistan
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ISLAMABAD: The value of assets of Punjab Chief Minister Shahbaz Sharif abroad is more than what he owns in the country.
According to the statement of assets and liabilities submitted by him to the Election Commission, the total value of his two properties in London is over Rs153 million. On the other hand, he has assets worth Rs108.24m in the country – a 553-kanal agricultural plot (Rs3.6m), two properties in Murree (Rs16.60m), investments in the industrial sector (Rs720,000), a gifted Land Cruiser (Rs20.82m) and cash and bank balance (Rs66.59m).
Also read: Court acquits Sharifs in money laundering case
The total value of his assets in the United Kingdom and Pakistan stands at Rs262.29m, but he has a liability of Rs130.22m and, therefore, his net wealth amounts to Rs132.06m.
Interestingly, his first wife Nusrat Shahbaz is wealthier than him. She has net wealth of Rs276.03m — three houses (Rs186.58m) and over 810 kanals of agricultural land (Rs51.53m).
Nawaz doesn’t own any asset abroad
Nusrat Shahbaz’s investments in spinning mills, a trading company, textile mills, poultry farms, sugar mills, dairy farms, an energy company and plastic industry stand at Rs8.78m.
Her household furniture, jewellery and a car are valued at Rs3.41m. She has given Rs4.75m as loan to five women and a man. Her bank balance stands at Rs20.96m.
The second wife of the Punjab chief minister, Tehmina Durrani, has assets worth Rs9.23m, but the only aspect in which she surpasses Nusrat Shahbaz is that she owns two cars. Tehmina has only Rs24,380 in cash and bank balance, but her liabilities total Rs600,000.
The total wealth of Shahbaz Sharif and his two wives stands at Rs417.32m.
On the other hand, Prime Minister Nawaz Sharif has no asset abroad, but receives huge sums from his son Hussain Nawaz who lives in the UK.
Mr Sharif’s assets have witnessed a steady growth after he assumed the office of prime minister and the total worth of his assets has increased 12-fold in just four years.
Starting with just over Rs166m in 2011 and growing to Rs261m in 2012, he suddenly became a billionaire in 2013 and the declared value of his assets in 2014 reached Rs2.36 billion. He owns no house and lives in a house owned by his mother.
He has a Land Cruiser gifted to him by an unspecified person.
Published in Dawn, January 29th, 2015
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Comments (111) Closed
Jan 29, 2015 06:57am
I wonder how these two brothers manage to hide their real worth lolz
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Jan 29, 2015 06:59am
How come no one ever gifts me a land cruiser? and i love to buy Mian Sb's 553 Kanal agricultural property at 4.0 Million, he can earn a decent 0.4Million profit that way. He needs to add a few more zeros to his property values in Murree and London. Last i checked the only thing worth less than a 100,000 pounds (+160Million) in London was a card board box... Lies! that all....Lies!
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Jan 29, 2015 07:00am
it shud be 153 million pounds and not rupees
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Jan 29, 2015 07:04am
Both Sharif brothers should be disqualified immediately for concealing or misstating their wealth.
And please tell me where I can buy over 500 kanals of agricultural land for Rs 3.5million. I want to make an immediate investment.
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Jan 29, 2015 07:09am
This reminds of a Junoon song Dharti ke Khuda
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Jan 29, 2015 07:12am
How can a country develop when one corrupt family is ruling. I think state govts should bring land tenancy laws ie a limit to acquire land and distribute among tellers. At the same time if pak wants to develop then govt must focus on agriculture education law and order and industries ie manufacturing states. Pakistanis should support parties issues based... They should stop working for parties but work for urself and ur neighbour and ur areas only.
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Jan 29, 2015 07:27am
He is just a poor man doing his job to make the ends meet & supporting two wives.Rich leaders of poor people.
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Jan 29, 2015 07:28am
It's yours to do as you please do long as you gained it legally.
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Jan 29, 2015 07:30am
That's not a standard meeting the Pakistani Politicians' Benchmark!
Poor guy for sure!
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Jan 29, 2015 07:38am
These are the "assets and liabilities submitted by him to the Election Commission". OR we can say the "DECLARED ASSETS". Are we supposed believe that these are ALL the assets he and his family own.
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Jan 29, 2015 07:40am
what else do you expect when gatekeepers befriend with housebreakers?!
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Jan 29, 2015 07:44am
What a pile of lies. He is not so 'poor'. An ordinary MPA has more than this wealth. BTW, did he declare the sources of income and did he pay all due taxes on his 'declared' wealth?
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Jan 29, 2015 07:51am
Hard earned money by giving good governance in Punjab.
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Jan 29, 2015 07:51am
The "Poor" Khadim-e-Aalaa..
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Jan 29, 2015 07:54am
Pales in comparison to SS'S "Khidmat" for the nation...oh people do not be so ungrateful... :)
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Jan 29, 2015 07:59am
I would quote from Bajaranama by Nazeer Akbar Abadi
If you are a millionaire, and your stores are brimming,
Know, O ignorant! There is always another merchant who is even greater than you.
What of your sugar, candy, jaggery and nuts? What of your doughs, sweet and salty?
What of your grapes, raisins, ginger and pepper? What of your saffron, cloves and betel?
All your splendor will lie useless, when the nomad packs-up and leaves.
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Jan 29, 2015 08:07am
Who are you kidding, Mr. Sharif. Why any one in right mind should believe you. How do you pay for three homes with servants, Range Rovers drivers and kitchen expenses. How much do you earn.
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Jan 29, 2015 08:10am
I say they deserve brand new BMWs for their honesty, ethics and good governance! Pakistanis should pay for it just like everything else
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Jan 29, 2015 08:16am
A pack of lies np by the looting family!!!
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Jan 29, 2015 08:18am
He is our Khadim-A-Aala.
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Jan 29, 2015 08:19am
there are many more Shabaze in this country that do not pay tax and transfer all the assists abroad. Almost every elite Pakistani today holds and other nationality owns houses and businesses there while they pay their tax their they avoid it here and live like Kings in our Country depriving all the rights of the poor. What do they care comes trouble they will go to where ever they have already established a second home.
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Jan 29, 2015 08:23am
Hard to believe that we have home less Prime Minister. I smell a Rate in these kind of Bed Time stories. Are we still primary school kids in there opinion or the tax man can be dodge.
Basically tax evasion is stealing so come clean or the public will Kick you out in the next election.
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Jan 29, 2015 08:25am
This is understated.It is what he has shown/declared.
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Jan 29, 2015 08:27am
I wonder why not an unspecified person gifts me a Land Cruiser. any idea?
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Jan 29, 2015 08:31am
Poor prime minister and chief minister for last 25 years. Prime minister is supported by his son. What is the source of income of their wives and son?
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Jan 29, 2015 08:32am
These are the declared properties. What about the undisclosed ones? Shall we multiply by 1000?
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Jan 29, 2015 08:34am
what a joke even to say this.
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Jan 29, 2015 08:50am
Report reminds me of those Mughal kings. Their 'R(L)oyal' historians tell us that they used to weave caps to make ends meet. Yet the number of their wives was in dozens. Quite a legacy isn't it?. NS became 166m man to 2400m man in 2 years. That beats apple in %age growth..
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Jan 29, 2015 09:06am
These asset figures are fake. Real figures are unimaginable.
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Jan 29, 2015 09:11am
And we deserve the Zar and Shar.
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Jan 29, 2015 09:13am
i will pay double for his pakistan property if he want to sale at that price which is mentioned in record.
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Jan 29, 2015 09:17am
Please share some wealth with your poor and honest brother nawaz too.
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Jan 29, 2015 09:17am
i laughed at nawaz shareef assets.. hahaha
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Jan 29, 2015 09:18am
Does anyone on this esrth really believe that PM Sharif does NOT even own a housr & still lives with his mom? He reslly needs to grow up move out of Mom's place.
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Jan 29, 2015 09:20am
I Wish I had found some "Unspecified" person who would "Gift" me a Land Cruiser or a VIGO
I would marry her / HIM (yep i am that desperate)
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Jan 29, 2015 09:21am
I would like to buy his 553-kanal agricultural plot (Rs3.6m) for Rs4Million. Whom should i contact in this regard?
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Jan 29, 2015 09:21am
Now he can blame India for failure of Pakistan !
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Jan 29, 2015 09:22am
Why be cowardly enough to blame the rich alone when they
literally own the chartered accountants, lawyers, judges,
architects, engineers, scientists, educationists, doctors,
musicians, actors, legislators, clergy, traders, etc, with who's help they have acquired all their wealth? After all who do you think finances the acquisition of this misplaced greed for
knowledge that the 'middle class' is so deviously tempted with? Only those who see through such plans will guide us towards preventing further rape of our mother-earth.
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Jan 29, 2015 09:24am
Hard to believe....
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Jan 29, 2015 09:26am
Does he file taxes or evade just because he is is CM and brother of PM Nawaz Sharif?
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Jan 29, 2015 09:31am
2 wives.? two wives !! that's ridiculous. I just can't get over it, sorry. 2 wives.....
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Jan 29, 2015 09:32am
Hmmm!!! Poor guy!!!! I think two zeroes were missing in both the numbers.
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Jan 29, 2015 09:39am
553 Kanal Agricultural plot for 3.6 million rupees only? Where in pakistan is it? I'd like to buy one for myself...
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Jan 29, 2015 09:44am
It is Dharnaa's fault that it made them accumulate this wealth otherwise they would be living like Edhi sahib
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Jan 29, 2015 09:45am
He only declare 1% of his total assets .
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Jan 29, 2015 09:45am
Its nothing but for us to think, should we always select zardaris, bhutoos and sharif ??? We should be ashamed of our selections on our leaders.
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Jan 29, 2015 09:49am
it would be British Pounds in UK
and 153 Billion in Pakistan
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Jan 29, 2015 09:52am
He should bring back his assets or should take his politics to UK where his major stakes exist. This is simply unacceptable.
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Jan 29, 2015 09:58am
so what? they are businessmen. I bet there are many Pakistani families richer than this. We are not concerned with their assets and money. We are concerned about our Pakistan. if they are delivering a good job, they are good for us.
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Jan 29, 2015 10:01am
Come and invest in india ..Pakistan will not understand value of your currency ....
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Jan 29, 2015 10:04am
I left pakistan in 1997, at that time my monthly income tax deduction was way more than the combined taxes of NS and BB for the whole year. My tax deducted at source per month was PKR 5400. I could not even afford a brand new suzuki car. BB, NS owned several S class mercedes Benz. Had i stayed there, i would still be driving a antique suzuki 800, instead of a Rolls Royce.
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Jan 29, 2015 10:04am
These two really seems to be hard-working man.Pakistan futures are in safe hands !
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Jan 29, 2015 10:05am
Such a liar just one property in park street London w1 worth lots of money and what about the rest. Nawaz is a joke he doesn't own anything not in Pakistan or in London.
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Jan 29, 2015 10:05am
I think dawn made a currency error in all the places where they have put "Pakistan Rupees" it should have been British Pound Sterling.....jokes...I wish the assets they have declared were all that they had....but unfortunately we know what their real worth is and hence we can never trust these corrupt leaders to make a 'khushaal Pakistan" Motorway and Metro bus doesn't bring khushaali to masses!
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Jan 29, 2015 10:07am
I bet the Net Worth is at least 10 times what is being disclosed, or can be gathered from public records.
Public figures, industrialists, shrewed businessmen, and career criminals are masters at concealing their real assets, or hold them in the names of cronies, other family members, partners-in-crime, or dummy off-shore corporations.
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Jan 29, 2015 10:09am
And they want to compete with Modi!!!
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Jan 29, 2015 10:14am
@Sunil - He pays all taxes. He pays even my taxes.
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Jan 29, 2015 10:19am
lol what a joke!!!! i think they disclose only 10% of their property
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Jan 29, 2015 10:21am
only 108 million RUPEES.... Of all the properties which belong to honorable men, not one is so highly prized as that of character. which both of those brother don't have...I wish if i could tell them... when you leave you will leave everything behind except for good character and good deeds...SUB MAYA HAY.. JO BHI HUM NE PAYA HAY...
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Jan 29, 2015 10:26am
12 fold in four years!!! Mr. Sharif please tell all the people of pakistan where you are investing, even they would like to benefit from the same scheme !!! unbelievable!
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Jan 29, 2015 10:35am
@Muhammad Farooq Still it is jugglery of numbers.
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Jan 29, 2015 10:37am
I'd love to have a gifted land cruiser too. Anyone feeling generous, today?
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Jan 29, 2015 10:43am
By all standard & with this worth he is a poor CM. Three government opportunity & just this amount, shaa. He may be fifty times of what has been declared.
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Jan 29, 2015 10:51am
This is the money they have looted from the country. How can they sleep at night when millions of Rs. are sitting in the banks and nation is dying of hunger.
People should learn from this , and remove these looter from their seats. They will have God's curse on them.
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Jan 29, 2015 10:54am
I simply cannot understand why the Election Commission only asks for submission of wealth statement. It should ask the politicians to submit their wealth statement along with wealth reconciliation and the income tax paid. FBR should probe the gifts received from "unspecified person".
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Jan 29, 2015 10:56am
Ha ha its not even 5 percent of what these 2 brothers own in both Pakistan ans abroad. What a joke :-)
By the way, did he declare the numbers of wives he has both at home and away :-)
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Jan 29, 2015 10:57am
The person who has assets of Rs 261 million ,how could he understand the grievances and problems of poor citizen. Only poor persons representing canunderstand the need of poors.May god save the poors from these millionaires.
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Jan 29, 2015 10:58am
democracy zindabad, the american dollars are directly going in their pockets. i told my friends on the days these two brothers came into power that Pak hasn't got the right leaders for one of the most important jobs. but it is so called democracy & we have to respect the verdict given by the people of Pak in the elections.
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Jan 29, 2015 11:00am
Kashmir , India . America keep on doing it ??? These kind of people will keep on fooling you.
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Jan 29, 2015 11:01am
Where can one buy 553 kanal (30000 square meter) of agricultural land in just 26 million rupees? Wow what Sharifs' think we ordinary Pakistanis are, fools?
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Jan 29, 2015 11:01am
My God !!! an ordinary minister in pakistan has more wealth than our PM Modi.
Great!!!
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Jan 29, 2015 11:02am
@Muhammad Farooq In Pakistan tax evasion and money laundering are not crimes but tax avoidance is. In Pakistan kids of rich are born with millions with no tax authorities to question them for their sources. Even in most backward countries in Africa have a system with fairly strong network of tax collection but Dar the samadi is equally corrupt with multimillion dollars investment in Dubai/UK
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Jan 29, 2015 11:04am
Log time ago Benazir Bhutto has labled NS as "plunderer of wealth". Nowadays IK is saying the same thing.
The values of assets are undervalued and who is the big heart person who gifted Land Cruiser; he should be named so FBR and Pakistanis may know his enormous wealth if he is a Pakistani and why he gifted it and what he got in return.
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Jan 29, 2015 11:08am
Would request the people to open their eyes. Open their minds and speak the truth if we want the zardari's and Nawaz's to rule us for the upcoming years.
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Jan 29, 2015 11:16am
The undisclosed offshore family ownership is the ownership that no ruler should be allowed to get away with?
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Jan 29, 2015 11:24am
Sharifs live below poverty line.
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Jan 29, 2015 11:27am
is there any paki politician or an army general who is based in Pakistan ?
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Jan 29, 2015 11:32am
ignorant Pakistani voters deserve these kind of leaders. They should only blame themselves.
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Jan 29, 2015 11:35am
This is only the tip of the Iceberg.
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Jan 29, 2015 11:38am
I think they chew currency notes instead "Blessed Roti" ,unlike Us.We shouldn't envy them.They are pathetic!
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Jan 29, 2015 11:42am
I really appreciate your highly business minded pm ...this kind of people can actually improve the economy to a business friendly one ....whatsoever modi also is a business minded person ...but he has only 15millions(rupee)of assets
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Jan 29, 2015 11:59am
Congrats to all Pakistanis.
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Jan 29, 2015 11:59am
Why we always talk about their wealth in UK they have investment through out the world
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Jan 29, 2015 12:03pm
Ghareeb kaa Khadim - mera sohna Shehbaaz and Nawaz saaien
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Jan 29, 2015 12:09pm
A very rich Politician. Knows 'how' to make lots of money, in 'short' period of time.
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Jan 29, 2015 12:12pm
I wounder why both our leaders get so many gifts!!!!Hmm. Are they so charming?
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Jan 29, 2015 12:13pm
What about million of pounds worth of assets in the UK which we all know about.
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Jan 29, 2015 12:18pm
Chief minister of Punjab has more money invested in the UK than in Punjab. :-)
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Jan 29, 2015 12:23pm
@Mrs. Khan Wow they are businessmen. Nawaz in 2011 owned 166 million rupees and it jumped to 266 million and that also within one year! More shockingly, he becomes a billionaire in the following year and in 20i4 he has more than 2 billion rupees. wow. I think we should ask him that why are you so clever in profiting yourself and what about the prosperity of the country? Secondly, we should ask him if he can prosper his economy then why not the country's? Please do not give me the reference of recently published world economic forum, corruption perceptions index and 20i5 freedom of economic index because ordinary people have been suffering from poverty, hunger, unemployment has touched the new level, there is no gas, no electricity, petrol crisis, security and law and order crisis, justice crisis, no healthcare and standard education and more importantly climate change which is going to dry up our water within 30-40 years. Please think about it and answer me.
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Jan 29, 2015 12:25pm
They have just showed a peanut of their assets, If they bring their money from abroad and invest in own country i think in near future pakistan will grow and lot of families would bring out from the line of powerty.
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Jan 29, 2015 12:49pm
I cant stop laughing after reading the worth of our poor leaders. What they have declared entitles them to BISP. I am pretty sure what they have declared is not even 10% of their actual illegal wealth sucked out of poor pakistanis.
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Jan 29, 2015 01:03pm
more outside and less inside...and yet he claims to be the patriot...!!!!
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Jan 29, 2015 01:10pm
Please check this link on wikipedia;
List of Pakistanis by net worth
http://en.wikipedia.org/wiki/List_of_Pakistanis_by_net_worth
Nawaz Shareef is the 5th richest Pakistani with a net worth US$ 1.4 billion and Asif Zardari is the second richest Pakistani with a net worth of US$ 1.8 billion. No wonder why Pakistan is a poor nation!
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Jan 29, 2015 01:19pm
Matter for both should be explored and investigated how could they muster up so much wealth. No accoutability for them, no accountibility for others, dissolve NAB to save poor man bread and butter.
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Jan 29, 2015 01:43pm
@kaali billii "This reminds of a Junoon song Dharti ke Khuda" Reminds me of the song Mr Fraudiya.
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Jan 29, 2015 02:02pm
DEMOCRACY, they didnt mentioned how they got this money and last year what was total.
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Jan 29, 2015 02:15pm
Makes me nauseous this ill gotten wealth whilst the country is going down the drain
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Jan 29, 2015 02:19pm
Their was a news a day ago, that Pakistan was doing pretty good economically around it's Assian countries, according to the wall street. This is what they actually meant.
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Jan 29, 2015 02:19pm
blatant lies
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Jan 29, 2015 02:20pm
Ready to buy UK & Pak properties at the specified amount. Who are they fooling ?
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Jan 29, 2015 02:22pm
Take all the money from both brothers and give it to people in Pakistan the one who needs
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Jan 29, 2015 02:33pm
The figure are grossly under stated .......
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Jan 29, 2015 02:33pm
A land cruiser that was "gifted"
Oh plz!
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Jan 29, 2015 02:58pm
What a sorry state of affairs.
And yet we keep electing them. Pakistanis love self flagellating themselves by electing the wrong people.
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Jan 29, 2015 03:05pm
Starting from a foundry in Lahore, look where Sharif brothers are now. Practically, Punjab is their fiefdom, they are masters of all they survey, sky is limit.
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Jan 29, 2015 03:31pm
The visionary leaders of Pakistan have clear agenda of making their own money. Still people are not understanding IK,s voice.
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Jan 29, 2015 03:50pm
Nawaz doesn’t own any asset abroad!!!!! Is anybody, except his family and out of way benefitted persons, in Pakistan can believe it
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Jan 29, 2015 03:53pm
@Yaser £100000 is not Rs160mn. Its 16mn
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Jan 29, 2015 04:08pm
What about his hotel in Manchester?
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Jan 29, 2015 11:40pm
"Crooks"
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Jan 30, 2015 10:10am
Pakistan zindabad... Mera watan sersabz rahega sada....! Politician make us hopeless!!
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