Pakistan’s Sharif grew richer by Rs 1 bn in four years

Islamabad

This is an increase of over a billion in just four years. The Election Commission on Thursday released the assets statements of Sharif for 2015 who as per law update the election body about their wealth.

The value of the assets owned by Sharif and his spouse comes to around Rs 2 billion — an increase of over a billion in just four years. However, he does not own any property abroad.

The value of his assets in 2011 was Rs 166 million, which swelled to Rs 261.6 million in 2012 and then to Rs 1.82 billion in 2013, making him a  declared billionaire. The Election Commission said that Sharif received over Rs 215 million from his son Hussain Nawaz in 2015. He had previously received remittances from his son, worth Rs 239 million and Rs 197.5 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 lawmakers Khayal Zaman and Sajid Hussain Toori.

Sharif owns a Toyota Land Cruiser, as well as two Mercedes vehicles, the Dawn reported. He also has huge swathes of agricultural land and investments in industrial units such as sugar, textile and paper mills. He also owns birds and animals worth Rs 2 million.