Pakistan

Shahbaz’s foreign assets worth Rs30m: Spokesman

Sharif family spokesman says overseas assets owned by Shahbaz sum up to only Rs30 million instead of Rs175.6 million.

Express June 18, 2011

LAHORE:

A spokesperson for the Sharif family has said that the Punjab chief minister’s foreign assets are valued at just Rs30 million.

In a statement released on Friday, the spokesperson said that the media had incorrectly reported that Chief Minister Shahbaz Sharif owned Rs170 million in foreign assets. His total assets are worth Rs489.6 million.

The spokesperson said that his assets were worth only Rs30 million, while Rs140 million were loans that he had gotten from various sources, including Rs80 million in bank loans.

Published in The Express Tribune, June 18^th, 2011.

COMMENTS (13)

rashid khan | 13 years ago | Reply Why are Sharif hesitant to speak about their assets themselves- they always needs spokesperson? Even president of the USA presented his birth certificate to the nation, are the Sharifs royals, who always needs some one to speak on their behalf? A statement made personally about personal such sensitive details lends credibility and shows that they have nothing to hide. The moment questions are raised about their wealth (fair or ill gotten) the Sharifs become ostriches with their heads. Yet, the two brothers constantly pontificate on issues of transparency and honesty. Who can begrudge them – they have the needed line of hanger-ons at their beck and call and millions of illiterate constituents who fall for their hypocrisy.

Mirza | 13 years ago | Reply @Ali: PML-N is not going to contest elections alone, they never did. In fact there is a good chance that Imran Khan, JI and other such parties would make an election alliance with PML-N and the Lota group. When Imran Khan can make adjustments with MQM, then everything is possible. Without such alliance none of these parties have much chance. Sorry, did not mean to hurt your feelings. Regards, Mirz

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saleem khan | 13 years ago | Reply @Ali: I hope Imran Khan is not contesting any election in Azad Kashmir, where PPP and PML(N) are confronting each others :) where is he? Is he contesting elections there?

Mirza | 13 years ago | Reply Loans from foreign banks do not come as easy as from Pakistani banks. One needs a steady income and equity to prove the bankers that they are capable to pay the loans. In addition, the banks require the last three years proof of income and tax returns showing that the party is capable of returning the money.

Aftab Kenneth Wilson | 13 years ago | Reply @uH: Not bad idea. I mentioned UAE because there is total freedom to practice what ever faith one has and moreover no one has ever been persecuted on religious basis.

Billoo Bhaya | 13 years ago | Reply @Aftab Kenneth Wilson: Agree with you completely. Executions should be contracted out to jehadists. They are good at this with all the practice they have had.!!

Sunny! | 13 years ago | Reply Ah very poor family. Mr Shahbaz Sharif just shut up.. And declare all the asserts belong to the compamies in whcih you invested taht you enjoy there profit and loss whatever come Just survive on loans. One can ask them. how much the bill payed by Nawaz shraif to Hospital in london for treatment of his wife and Husband? just see the the amount of bills and make if there is any connection or small porporation with income tex paied by them.

Chilli | 13 years ago | Reply Our present leaders are hollow and corrupt. They are playing musical chair and fooling the whole nation. They keep large population illetrate to use their thumbs to win electionsl.None of them seems even closer to real leaders like Quaid-e-Azam and Liaquat Ali Khan. Pakistan's future is dark and aimless unless we get rid of them quick.

Ali | 13 years ago | Reply Imran Khan is coming. Sharifs better watch out. Punjab is no longer theirs.

uH | 13 years ago | Reply @Aftab Kenneth Wilson: admin should go to the chinese. :p

Aftab Kenneth Wilson | 13 years ago | Reply What a poor family who is only surviving on loans. He is also on loan as CM of Punjab from our Chief Justice Of Supreme. In fact the whole country is running its day to day affairs etc etc etc on loan from different countries and organizations. Why not give the whole country on loan to SA, USA and UAE. One will manage our judiciary, the second one our economics and the third one our administration. What an "Idea". Do you all agree..........

Naveed | 13 years ago | Reply of course..the loans that they acquired from Pakistani banks before they were privatized and later got them waived off.....wait up...Mush is coming back!

Hedgefunder | 13 years ago | Reply His London Property alone is worth more than the total amount of disclosed assets!!! I suppose they are not listed as they are owned thru some Offshore Companies on his behalf!!!

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