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