Ousted prime minister (PM) Nawaz Sharif’s assets jumped from Rs2.7 million to Rs1.82 billion in twenty years of his political career from 1993 to 2013, media reports have revealed.
As per the details, Nawaz owned assets worth Rs 261.6 million in 2012, but that saw a six-fold increase and reached Rs 1.82 billion in 2013 — the first year of his third stint as the country’s chief executive, making him a declared billionaire for the first time.
His assets in 2014 crossed the Rs2 billion-mark, but in 2015 declined slightly to Rs1.96 billion. Earlier in 2011, he owned assets worth Rs166m.
According to the statements of assets of lawmakers, released by the Election Commission of Pakistan (ECP) in 2017, the value of his assets further declined to Rs1.72 billion in the year that ended on June 30, 2016.
The former premier, however, only owned assets worth Rs2.7 million by the year 1993, media reports said.
Citing the details submitted to the National Accountability Bureau (NAB) by the Federal Board of Revenue (FBR) in the assets beyond known sources of income and money laundering cases against the Sharif family, a private media outlet claimed that Nawaz’s total assets in 1986 stood at a bit over Rs0.13 million.
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The assets kept on increasing over the years, the report said, adding that Nawaz’s assets rose by only Rs23,319 in 1986. “According to FBR records, the same swelled by Rs98,588 in 1987.”
These assets also included those owned by his children, the report claimed.
