Sharif among Pakistan’s richest politicians

Prime Minister Nawaz Sharif has emerged as one of the richest politicians in Pakistan with personal assets worth worth Rs 1.9 billion.

The Election Commission of Pakistan (ECP) released the assets statements of Mr Sharif for 2015 who as per law update the election body about their wealth. It said that his son, Hussain Nawaz Sharif, had sent him Rs 216 million from abroad. The dossier stated that the PM did not own any property abroad.

The PM declared that he owned inherited land in Sheikhupura and Lahore with a total worth of Rs 1.08 billion. The Premier also owned cars worth Rs 160 million in addition to another property in Lahore valued at Rs 250 million.

His wife owned a bungalow in Murree valued at Rs 100 million, besides having inherited and gifted shares worth Rs 120 million in her name in five sugar, textile and spinning mills. She also owned birds worth Rs 2 million and furniture valued at Rs 40 million.

The Prime Minister is among the few billionaires in the National Assembly, the others being petroleum minister Shahid Khaqan Abbasi and Khyber Pakhtunkhwa lawmakers Khayal Zaman and Sajid Hussain Toori.

The Prime Minister owns a Toyota Land Cruiser, gifted to him by an unspecified individual, as well as two Mercedes vehicles, the Dawn reported.

The statements of assets were released amidst the ongoing controversy around the Panama Papers leak that has reportedly exposed the secret offshore dealings of around 140 political figures globally.

The news comes as Prime Minister Sharif agreed to write to the Chief Justice for Pakistan for constitution of a commission to probe the Panama leaks, officials said on Friday.