Indebted PM Nasirul Mulk declares pricey assets at home and abroad

10:21 AM | 20 Jun, 2018
Indebted PM Nasirul Mulk declares pricey assets at home and abroad
ISLAMABAD - The caretaker Prime Minister Nasirul Mulk has finally submitted the details regarding his assets to the Election Commission of Pakistan, visibly portraying him as a wealthy, yet indebted individual.

The electoral body has asked the caretaker PM and the four chief minsters to file statement of assets, complying with which Mulk submitted the papers.

According to his own statement, the caretaker PM owns properties worth millions not only in Pakistan but in Singapore as well through his wife, the details of which are as follows:

  •  Plots of one canal each in D-15 and G-14 in Islamabad, a two-canal plot worth Rs11 million in Bahria Enclave and an apartment worth Rs22 million in Diplomatic Enclave.
  • 26 shops in Abasin Masrket, 19 shops in Kamran Towers,Swat.
  • 20% share in Shangla flour Mills Swat.
  • 1/4 share in residential house Swat.
  • 1/4 share in CNG station plot.
  • 9,000 sqft plot in Fizah Ghat, Swat.
  • 2 Kanal residential house in Peshawar.
  • 10,000 sqft commercial plotwith 7 shops + 20 rooms Airport road, Swat.

Despite owning such property, the interim chief executive owes $ 3,80,000 as well on properties.

Moreover, Mulk’s wife possesses properties worth $714,286 in Singapore and £272,850 in London, investment worth $722,590, jewellery worth Rs3.1 million, furniture of Rs6.5 million, more than Rs100 million in four different bank accounts.

Hassan Askari

Punjab Chief Minister Hasan Askari possesses a house worth Rs7 million, cash and prize bonds of Rs0.93 million and a bank balance of Rs10 million as per the statement of assets submitted by him.

Askari, a political analyst as well, declared the net worth of his assets at Rs20.48 million. He has four bank accounts as well.

Caretaker Ministers

Muhammad Azam Khan, the caretaker interior minister, owns two plots in Regi Model Town in Peshawar and the other in the CBR housing scheme in Rawalpindi. He declared their worth at Rs3 million and Rs3.5 million, respectively. His wife also owns a plot in Regi Model Town in Peshawar worth Rs3 million.

Khan has shares in Charsadda Sugar Mills, Premier Board Mills Mardan, Premier Sugar Mills Mardan. surprisingly, the declared total worth of those shares is less then Rs30,000.

Shamshad Akhtar, the caretaker minister for finance, has declared that she owns three properties in Islamabad and one in DHA Karachi.

The officials who have not yet submitted the details of their assets include caretakers chief minister of Sindh and Balochistan, among others.

The assets were declared in line with Section 230 of the Elections Act, 2017 that stipulates “caretakers must submit statements of their assets and liabilities, and those of their spouses and children within three days of taking oath”.

The legal requirement has to be met by the caretaker prime minister, chief ministers and their cabinet members, however, a few of them are still hesitant.