ISLAMABAD - PTI Senator Azam Khan Swati was among the 104 Senators having moveable and immovable assets in Pakistan of Rs484 million followed by Rehman Malik with declared assets of over Rs400 million outside Pakistan, sources in ECP revealed yesterday.
Finance Minister Ishaq Dar declared his assets for the year 2014-15 valuing Rs177.7 million.
According to the available details, former interior minister and PPP Senator Rehman Malik has no moveable assets or business capital outside Pakistan.
Rehman Malik holds no business or capital amount within Pakistan as well, revealed the ECP report.
He has given no details of his immovable properties including open plots, houses apartments, commercial buildings, under-construction properties in Pakistan. However, he holds immovable property which presently has approximately worth of 2.5 million Pounds value.
Malik holds cash at bank of Rs307,184, the column against the cash in hand is vacant while he has no assets brought out of remittances from abroad. Malik also has no furniture, fittings and articles of personal use and has not transferred assets to any person. According to the assets details, Malik has no foreign passport.
He also has no investment in stock and shares, debentures, National Saving Schemes, Defence Savings Certificates, National Saving Schemes and others.
Malik just has 50-tola gold jewellery which has worth of Rs2.75 million.
Similarly, Senator Dar has no business capital outside Pakistan with regard to his moveable assets while ‘NONE’ has been mentioned as well against the column of ‘Assets brought or remitted from outside Pakistan.
While against the column of bank draft/remittances Rs115 million have been mentioned by Dar and elaborated the same as final repayment of balance Qarz-e-Hasna by his son.
Dar has a total cash at different banks having worth of Rs136 million and cash of Rs14 million jointly held by him and his wife. He has four vehicles including Land Cruiser (2004 Model) having present worth of Rs4 million, Toyota Corolla (2004 Model) having worth of 0.7 million at present, Mercedes (2008 Model) having value of Rs8 million and 2014 model Land Cruiser which has worth of Rs15 million.
Chairman Senate Mian Raza Rabbani owns assets worth Rs.110 million, Senator Khush Bakht Shujat of MQM has a flat at Clifton which has the value of Rs4 million and in the column of its present value nothing has been mentioned in this reference.
Deputy Senate Chairman Molana Abdul Ghafoor Haidri declared R500,000 as value of his house situated at Qalat while Rs150,000 as the cost of his plot situated at Gwadar. He also happens to own 10 marla plot at Bara Kahu, Islamabad that has a value of Rs500,000. Haidri has no moveable assets within Pakistan or outside of Pakistan besides, he does not have any vehicle under these assets declaration.
Under the Representation of People Act 1976 section 42(A) and Senate Election Act 25 (A) it is mandatory for members of parliamentarians to declare assets held by them, their spouses and their dependents.
Yesterday, the ECP also released assets of members of the National Assembly according to which Prime Minister Nawaz Sharif has emerged as the richest member of the lower house with assets worth of Rs. 2 billion, an increase of more than a billion in just four years.
According to the data released by the Election Commission, Sharif has no assets abroad but receives significant amounts from his son Hussain Nawaz, who is settled in Britain.
The statements of assets for 2015 was released by the poll panel amid a controversy over the Panama Papers leaks, which showed Sharif’s two sons and a daughter were among around 220 Pakistanis who own offshore assets.
The Election Commission had removed the information about the wealth of MPs from its website on the pretext that it is no longer a legal requirement to provide details of assets. On Thursday, the information, however, was updated and put back on the website.
Besides Sharif, the few other billionaires in the National Assembly are Petroleum Minister Shahid Khaqan Abbasi and Khayal Zaman and Sajid Hussain Toori, both lawmakers from Khyber-Pakhtunkhwa province.
Imran Khan has no assets abroad and according to him his residence at Banigala, which has a total worth of Rs750 million, was gifted to him. His residence in Zaman Park, Lahore, is valued at Rs220 million and a jeep worth Rs5 million.
He also owns a luxury flat at Shahara-e-Dastoor and owns two cows and one buffalo worth Rs0.3 million. He has no business abroad. His total assets were Rs1.31 billion worth, reported a private news channel on Thursday.
Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman owns assets worth Rs6.8 million and has no personal car.
The document of National Assembly Speaker Ayaz Sadiq’s assets has disappeared mysteriously.
PM’s son-in-law Captain Safdar owns more than Rs10 million of assets while Hamza Shahbaz owns Rs340 million, which are present in Pakistan. Opposition Leader Khursheed Shah has Rs40.8 million worth of assets.
According to political observers, the declarations declared by the MPs were misleading as they undervalued their assets in their declarations to the Election Commission.
