PML-N scion Hamza Shahbaz has declared that his net assets are worth over Rs411 million while his father, former Punjab chief minister Shahbaz Sharif, has declared that he owns 675 kanals of land within Pakistan and possesses assets totalling over Rs159m.

The financial details of the two PML-N leaders and their dependents were mentioned in the statements of assets and liabilities submitted by them along with their nomination papers to contest the July 25 election. The copies of these documents have been obtained by DawnNewsTV.

Following are other details of assets owned by the father-son duo:

Hamza Shahbaz (Total assets: Rs411,540,310)

  • Owns 11 pieces of non-agricultural land and properties in Lahore worth over Rs136m
  • Owns 150 kanals of agricultural land worth Rs30m
  • Has shares in 21 companies, including sugar and textile mills, worth nearly Rs133m
  • Owns no vehicles as per the documents
  • Has nearly Rs4.4m as bank balance and cash/prize bonds
  • His wife Mehrunissah Hamza has net wealth worth Rs2.2m
  • His other wife Rabia Hamza has net wealth totalling Rs39.4m

Shahbaz Sharif (Total assets: Rs159,010,066)

  • Owns non-agricultural property worth Rs14.8m in Lahore and Murree
  • Owns 670 kanals of agricultural land worth Rs35,000, since most of it is stated to be a gift from his mother
  • Owns two flats in London worth £241,281 and £677,014
  • Has shares in several mills including Hudaibiya Paper Mills worth Rs273,000 (all inherited from father)
  • Owns a "partially gifted" Toyota Land Cruiser (2006 model) worth Rs6.3m
  • Has Rs11.4m in bank balance and cash/prize bonds
  • His wife Nusrat Shahbaz owns two houses worth a total of Rs186.6m
  • His other wife Tehmina Durrani has net assets worth Rs5.8m

Compared to the above, Hamza's cousin and daughter of former prime minister Nawaz Sharif, Maryam Nawaz, had stated in the documents accompanying her election nomination papers that she owns more than 1,500 kanals of land and had net assets totalling nearly Rs846m by June 30, 2017.

Opinion

Editorial

Plugging the gap
06 May, 2024

Plugging the gap

IN Pakistan, bias begins at birth for the girl child as discriminatory norms, orthodox attitudes and poverty impede...
Terrains of dread
Updated 06 May, 2024

Terrains of dread

Restored faith in the police is unachievable without political commitment and interprovincial support.
Appointment rules
Updated 06 May, 2024

Appointment rules

If the judiciary had the power to self-regulate, it ought to have exercised it instead of involving the legislature.
Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....