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.

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.