PTI leaders declare assets

Leaders who declared assets include Shah Mehmood Qureshi, Javed Hashmi, Dr Arif Alvi, Jahangir Tareen, Asad Umar.


Web Desk August 24, 2012

Following Pakistan Tehreek-i-Insaf’s announcement of its economic policy, key leaders of the party on Friday declared their assets. The assets were uploaded on the party’s official website.

Leaders who declared their assets include Shah Mehmood Qureshi, Javed Hashmi, Dr Arif Alvi, Jahangir Tareen, Asad Umar, Fauzia Kasuri, Nadir Leghari and Shireen Mazari.

Party chief Imran Khan had declared his assets in December last year. Back then, Khan had said that PTI will only award party tickets to those who meet their transparency criteria, and that they would not commit anything to those joining the party.

Khan has also been recently accused of evading taxes by Pakistan Muslim League – Nawaz (PML-N) leaders.

Following are asset details of some of the leaders:

Shah Mehmood Qureshi

Qureshi’s immovable property in Pakistan include 15 houses, out of which 13 are inherited, one was gifted and one house in Multan is worth Rs80,00,000. He has no immovable property outside Pakistan.

He also does not have any movable assets in Pakistan or elsewhere and neither has any investments.

The estimated value of jewellery: Rs10,00,000.























Current Liquidity Cash Cash at Banks Cash in Hand
Current A/C # 81 MCB Chak 2 Tarpai, Multan PAK RUPEE 43,60,073
A/C 1381 UBL Hussain Agahi, Multan PAK RUPEE 1,87,483
A/C # 01-200-0488-3 ABL Parliament Br. Islamabad PAK RUPEE 38,69,474
























Motor vehicles/ other transport Current Estimated Value
MLL- 5550 Prado

22,00,000


LZR - 5550 Pejaro

25,00,000


MN-4100-11 Toyota Altus

19,00,000


LWG-200 BMW

35,00,000































Tax history (last three years)

Assessment Year



Financial Year



Tax paid



2011



2010-11



647131



2010



2009-10



515720



2009



2009-09



497437



























Land revenue



Financial Year



Total amount of land revenue paid



2011


AGRICULTURE INCOME TAX PAID DURING YEAR 11-12 Rs89050

2010


AGRICULTURE INCOME TAX PAID DURING YEAR 10-11 Rs89050

2009


AGRICULTURE INCOME TAX PAID DURING YEAR 10-09 Rs89050

Javed Hashmi

Javed Hashmi neither owns any immovable property outside Pakistan nor any movable assets outside Pakistan.

Movable assets (business capital) within Pakistan: Rs2,500,000.

Investment (prize bonds): Rs 3,000,000.

Hashmi does not own any vehicle, according to his asset declaration document, and also has no liabilities.

Jewellery (owned by wife): 100 tola worth Rs5,500,000

House in Multan Cantt: Rs25,000,000

Furniture, fittings and articles of personal use: Rs243,000 (after depreciation).


















Current Liquidity Cash

Cash at Banks


Cash in Hand
316-4 ABL/PH Islamabad

170,688



-


















Immovable property (inside Pakistan)
76 Acres Agri Land

50,000,000


Urban Property

20,000,000































Tax history
Assessment Year

Financial Year



Tax paid


Tax year : 2011

2010-2011



60,749


Tax year : 2010

2009-2010



39,325


Tax year: 2009

2008-2009



29,115



Dr Arif Alvi

Cash in hand: Rs1,198,479

Movable assets (business capital within Pakistan): M/s Alvi Dental Hospital worth Rs9,818,311

Investments (Stocks and Shares): Acquisition value Rs1,038,652

Jewellery: 30 tola worth Rs1,500,000

Furniture, fixings and articles of personal use: Rs1,000,000

Immovable property (held within Pakistan: Rs16,597,450



















Motor vehicles/ other transport Current estimated value
Toyota Corolla GLI Automatic Model 2004

900,000


Toyota Hilux Vigo 2007 (stolen)

1,500,000


Toyota Corolla Manual 2008

850,000































Tax history
Assessment year

Financial year


Tax paid
2011-2012

2010-2011



385,580


2010-2011

2009-2010



337,311


2009-2010

2008-2009



338,812



Jahangir Tareen

Cash in bank and accounts:

Owned by Jahangir Tareen and his wife: Rs18,875,387

Owned by children: Rs27,703,209

The couple owns 12 houses in Pakistan which make up to Rs377,901,584. Tareen’s children own two apartments in Canada worth Rs23,000,000 and Rs36,000,000 respectively.

Investment (stock and shares)

Jahangir Tareen and his wife: Acquisition value Rs 922,199,408

Children: Acquisition value Rs1,480,545,837

Investment in NAFA: Rs1,000,000.

Jewellery:

Jahangir Tareen and his wife: Rs33,500,000

Children: Rs28,800,000

Furniture, fittings and articles of personal use: Rs8,500,000 (couple) and Rs1,500,000 (by children).



































Motor vehicles/ Other transport Current estimated value
Jahangir Tareen and his wife:
Honda Civic

2,000,000


Range Rover

4,500,000


Prado

3,000,000


Prado

15,118,215


Children:
Suzuki Cultus

850,000


























Tax history

Assessment year



Tax paid



2011



49,734,241



2010



24,924,525



2009



19,395,997


























Land revenue

Financial year



Total amount of land revenue paid



30-06-11



167,630



30-06-10



302,792



30-06-09



307,546



Asad Umar

Cash in Bank/Hand: Rs14,299,825

Investment (Stock and Shares): Rs162,476,468

Jewellery: Rs1,403,650

Furniture, Fittings and Articles of personal use: Rs2,300,000

Company retirement funds: Rs10,425,819

Liabilities: Rs264,082,299

Assets:

House (on wife’s name: Rs4,800,000

Other assets: Rs2,975,178















Immovable property (within Pakistan)

Advance against apartment - Emmar Gigga



4,118,632


Land (Open plot) 196-1, 196-II, 198-d, 27th Street, DHA- VIII, Karachi

69,057,905































Tax history

Assessment year



Financial year



Tax paid



2009-10



2008-09



8,278,170



2010-11



2009-10



11,018,198



2011-12



2010-11



14,583,544



Asad Umar owned no vehicles at that time as they were provided by the company.

Shireen M Mazari

Details of five bank accounts owned by Shireen M Mazari have been declared, however, the amount of money in the banks or cash in hand was not mentioned.

Mazari owns two houses and three agricultural lands and the estimated costs of none of them are mentioned. One agricultural land was inherited, one was gifted by grandmother to Mazari’s son and the third one was gifted by grandmother to Mazari’s daughter.

Jewellery: 60 tolas of Gold (inherited)

Motor Car / Other transport: Toyota Corolla Altis Model 2011 (current estimated value not given)

Loans and liabilities:

Car leasing from HBL (value not mentioned)

Loan from ZTBL for tractor – 257,000

Credit card loan – 600,000




























Tax history

Assessment year



Financial year



Tax paid



2009



June 2008-09



24,335



2010



June 2009-10



388,442



2011



June 2010-11



152,680


























Land revenue

Financial Year



Total amount of land revenue paid



2009



Rs87,500



2010



Rs87,500



2011



Rs87,500



Nadir Leghari

Leghari owns three houses, one industrial plot and two agriculture lands which are worth Rs21,443,000. One agriculture land is on the name of his son and the other on the name of his daughter.

Movable assets (within Pakistan): 6,105,100

Jewellery: 30,000,000

Furniture, Fittings and Articles of personal use: 3,000,000

































Current liquidity Cash

Banks



Cash at banks



Cash in hand



MCB Bank Ltd



Rs1,014,355



Rs2,000,000



MCB Bank Ltd



Rs2,622



Habib Metropolitan Bank



Rs238,170



MCB Bank Ltd



Rs2,635,446






























Motor vehicles/ other transport

Honda Civic Model 2006



Rs1,200,000



Toyota Hilux Pickup Model 2007



Rs900,000



Toyota Land Cruiser Prado Model 2003



Rs3,000,000



Toyota Land Cruiser Prado Model 2004



Rs3,500,000



Ranger Rover Sport Model 2006



Rs7,000,000































Tax history

Assesment year



Financial year



Tax paid



2012



2011-2012



Rs384,000



2011



2010-2011



Rs400,800



2010



2009-2010



Rs384,000


























Land revenue

Financial year



Total amount of land revenue paid



2012



Rs100,000



2011



Rs100,000



2010



Rs100,000



Naeem Ul Haq

Cash in Bank: 3,400,000

Cash in Hand: 200,000

Immovable property (within Pakistan):

Six acres agriculture land: Rs150,000

Motor vehicle:

Toyota Corolla Model 2006: Rs800,000

Furniture, Fittings and Articles of personal use: Rs250,000 approximately

Liabilities (Bank loans): 500,000

Tax history:

No tax paid in last three years because of no income: Rs120,000 (2008-09)

Correction: An earlier version of this article had stated that Asad Umar did not own any vehicles. His asset declaration states that all vehicles had been provided to him by the company at that time.

COMMENTS (71)

Inaam | 9 years ago | Reply

I think value is not very much important its the courage to tell the public what they own before election and what they own after election value can change but not the assets.

Adeel Khan | 9 years ago | Reply

hey Guyz!!! I know Asad Umar closely. We have been in working relationship. He was using COMPANY CAR... And Open up ur eyez plz !!! Its mentioned here that he was using Company Cars...

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