‘Billionaire PM’ has no assets abroad: ECP


ISLAMABAD: Prime Minister Nawaz Sharif has no assets abroad, but continues to receive colossal amounts from his son, Hussain Nawaz, who is settled in the UK, reveal the statements of MNAs’ assets released by the Election Commission of Pakistan (ECP) on Thursday.

According to the statements of assets for 2015, released amidst the ongoing controversy around the Panama Papers leak, which linked politicians with offshore companies, the value of the assets owned by the prime minister and his spouse comes to around Rs2 billion — an increase of over a billion in just four years.

The value of his assets in 2011 was Rs166 million, which swelled to Rs261.6 million in 2012 and then to Rs1.82 billion in 2013, making him a declared billionaire. Then, in 2014, the declared value of his assets rose to around Rs2 billion.

Mr Sharif received over Rs215 million from his son Hussain Nawaz in 2015. He had previously received remittances from his son, worth Rs239 million and Rs197. 5 million in 2014 and 2013, respectively.

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

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