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Some politicians rolling in fabulous wealth

Published Mar 29, 2013 03:01am


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Rupee likely to remain under pressure because of IMF repayments - File photo
—File Photo.

ISLAMABAD: Pakistan’s enterprising politicians have varied interests, not only at home but also across the globe.

According to the statements of assets and liabilities for 2011-2012 submitted to the Election Commission of Pakistan (ECP) by senators and members of the dissolved National Assembly, former interior minister Rehman Malik owns a house in London worth Rs339.75 million.

Senator Malik also has a BMW sports model car worth 27,000 pounds in the UK, shares worth $300,000 in a business and a business in his wife’s name.

He owns 40 kanals of agricultural land worth Rs10m at Daska, in Sialkot district, and a flat in Karachi’s Defence Society worth Rs1.05m. Apart from Rs825,839 in his bank account, he has gold valued at Rs2.75m.

Dr Abdul Hafeez Shaikh, a former finance minister, owns a house in Dubai worth 3.2m dirhams. He has remitted around Rs20m to the country and his other assets and cash are worth Rs45m.

Ishaq Dar, the Leader of Opposition in the Senate, has 15,779 dirhams in banks, owns a house worth Rs45m in Gulberg, Lahore, and six acres of land valued at Rs14.5m in Punjab. The value of both properties has remained the same for two years.

Mr Dar has remitted Rs58m, has Rs1.31m in shares and three vehicles worth Rs15.9m. His wife owns Rs1.5m gold and jewellery.

Gul Mohammad Lot, along with his wife, owns nine properties worth Rs659.15m in the UAE, Saudi Arabia and London. After deducting the value of two loans obtained by him in London, the net worth of his assets abroad comes to Rs364m. Mr Lot has also businesses and other assets worth Rs689m in Pakistan

Haji Saifullah Khan Bangash has assets, including land, commercial and residential properties and businesses worth Rs2.71 billion. This includes Rs1.88bn cash in bank accounts.

Senate Chairman Nayyar Hussain Bokhari and his family own a number of properties, mostly inherited, in and around Islamabad.

He has purchased two commercial plots in Islamabad, which are currently valued at Rs30m. He inherited 236 kanals of land worth Rs28.1m in Islamabad. His other properties, businesses and cash are worth around Rs19m.

Gulzar Ahmad Khan, father of Senator Waqar Ahmad Khan, the former minister for investment, is among the top indebted lawmakers. He has financial liabilities of Rs197m and only Rs1.35m cash in hand or banks, whereas the net worth of his declared assets in D.I. Khan is only Rs856,000. He owns furniture and articles, etc., worth Rs150,000, but no vehicle.

Shahi Syed owns a 1,000 sq yard house in Islamabad, a 1,000 sq yard house in Karachi, a 2,000 sq yard plot of land in Korangi, Karachi, a six-acre truck stand and 372 kanal inherited property in his native village in Mardan, all valued at Rs28.31m.

He has remitted Rs24.51m, owns three CNG stations and a trucking station valued at Rs20.65m.

Shahi Syed has Rs14.32m cash in hand, Rs1.75m in four banks, a vehicle valued at Rs1.68m, gold worth Rs460,000 and furniture worth Rs954,823.

MNAs: Noor Alam Khan, who has most of his properties in Peshawar, was the richest member of the National Assembly with Rs32bn in wealth and assets and Jamshaid Dasti the poorest with no assets or wealth.

Shahid Khaqan Abbasi, the owner of a private airline, has wealth amounting to Rs2.3bn.

Former prime minister Raja Pervez Ashraf owns assets worth Rs212.75m.

Former deputy prime minister Chaudhry Pervaiz Elahi has assets worth Rs202.684m, including Rs68.8m in cash and shares in businesses.

Leader of opposition in the dissolved National Assembly Chaudhry Nisar Ali Khan has 13 plots, one residence, one farm house, 682 kanals of agricultural land, one tractor, Rs9.5m in cash and two vehicles.

Asfandyar Wali Khan has assets valued at Rs11.54m in Pakistan and shares of 72,000 Dirham in the UAE.

Aftab Ahmed Khan Sherpao has assets worth Rs43m, Humayun Saifullah Khan Rs26.96m and Begum Zeb Humayun Saifullah Khan Rs131m, Amir Muqam Rs164m and Nazar Mohammad Gondal Rs177.6m

Khwaja Asif has more than $37,722 in banks in New York and 99,390 Dirham in the UAE. He has assets, including five vehicles valued at Rs10.4m, worth Rs139m in the country.

Hamza Shahbaz Sharif has assets worth Rs222.94m.

Syed Ali Musa Gilani has assets valued at Rs75.2m, Rs1.1m in UK banks and Rs2.7m in local banks, while his brother Syed Abdul Qadir Gilani has assets of more than Rs184.71m.

Awais Ahmed Leghari owns assets worth more than Rs136m.

Former foreign minister Hina Rabbani Khar has a wealth of Rs13.37m only.


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Comments (22) Closed

Omar Mar 29, 2013 02:39am
This is just the tip of the iceberg. You have no idea about the insane amount of wealth they have looted for themselves from my beloved country.
efaz Mar 29, 2013 04:20am
that's a chunk of change for these guys.
Afzal Khan Mar 29, 2013 04:38am
Are these senators and politations talking in Pakistani rupees or US$ . What happen to Billions$ foreign aide came to Pakistan they din,t spend it on Pakistani public.????
MSH Mar 29, 2013 08:03am
Seriously any journalistic worth his weight in salt would discover the above in thirty minutes flat. Nothing wrong in owning properties, just prove the source of funding and declare it openly. That is something our shameless politicians are genetically not programmed to do.
Faran Ali Mar 29, 2013 11:07am
But thanks least.... Bhutto zinda hai :P
Tamilselvan Mar 29, 2013 12:30pm
This is nothing compared to our politicians in India. In Tamilnadu DMK family of former chief minister has assets worth around $ 3 b . There are many more in otherbStates too
Agha Ata (USA) Mar 29, 2013 12:58pm
Even maulana's have millions. :(
abbastoronto Mar 29, 2013 12:58pm
So what? Any middle or upper middle class professional Pakistani working in the US or Canada or Germany own much more than that.
kamran Mar 29, 2013 01:12pm
There is absolutely no issue with such a money if it is legitimate anywhere. But if money has been collected wrongly then that person should be prosecuted in public courts.
K G Surendran Mar 29, 2013 01:20pm
It was famously said that ninety percent of the politicians give the other ten per cent a bad name.
hyderphd74 Mar 29, 2013 03:23pm
Mr. abbastoronto, you have already (may be inadvertently) provided the reason for the wealth of the professional---'working'. That is where all the difference lies. There is nothing wrong with acquiring wealth by working. Acquiring wealth by 'not working' is the complaint.
Cyrus Howell Mar 29, 2013 03:33pm
A great many politicians around the world put their businesses in their wives names. That is a very common practice in America from presidents down to mayors of big cities. That is to avoid accusations of conflict of interest if they can fool the public or other wise get away with it. They vote themselves the licenses and open the businesses in their wives' names from local bus company contracts to statewide radio and TV stations..
sam Mar 29, 2013 04:01pm
They haven't declared the black money that they posses, if they do, all the assets would jump to Billions of Dollars!
anony Mar 29, 2013 04:34pm
anony Mar 29, 2013 04:36pm
anony Mar 29, 2013 04:40pm
These assets are declared by themselves, I'm 100% sure. What about the billions of dollars they have hidden in their undeclared accounts. The foreign aid has been disappearing into thin air for the past so many years. It has to go somewhere. Shame on dawn for publishing this news as if all these declared assets are true and the complete story.
Naya Pakistan Mar 29, 2013 05:34pm
Zardari, Ishaq Dar, Nawaz Sharif all have homes in Emirates Hills, the billionaires row in Dubai.
Muhammad Mar 29, 2013 07:41pm
You are wrong. I have lived in USA for more than 45 years. Middle class Pakistani Americans do not own that kind of money. The impotant point is that Pakistani politicians made that wealth by illegal means. Your statement seems foolish.
aziz Mar 29, 2013 07:53pm
Why blame the politicians only? Many big and so-called 'small' businessmen in Pakistan, with very low profile to keep out of 'Revenue and IB department radar' have millions in other countries. They make no contribution to the state by way of taxes or duties which they evade by bribing or lying. These are the worst parasites of the country. More harmful than the politicians.
whatever Mar 29, 2013 09:05pm
these figures are not true . Blood money is far far more . .these are the assets on which they agreed to pay tax on .
disgusting Mar 29, 2013 09:41pm
they have earned that, not stolen from the People of Pakistan. that is what.
sal Mar 29, 2013 11:33pm
That's what they have declared. Which is probably only a fraction. Pakistan truely was created just for the fuedals. When will they go? Maybe before my grandchild dies. Insha Allah.