AGL 7.22 Increased By ▲ 0.60 (9.06%)
ANL 10.42 Increased By ▲ 0.01 (0.1%)
AVN 76.98 Increased By ▲ 0.08 (0.1%)
BOP 5.47 Increased By ▲ 0.03 (0.55%)
CNERGY 5.33 Increased By ▲ 0.08 (1.52%)
EFERT 88.50 Decreased By ▼ -0.32 (-0.36%)
EPCL 75.81 Decreased By ▼ -0.19 (-0.25%)
FCCL 13.70 Decreased By ▼ -0.05 (-0.36%)
FFL 6.68 Increased By ▲ 0.08 (1.21%)
FLYNG 7.16 Increased By ▲ 0.04 (0.56%)
GGGL 10.90 Decreased By ▼ -0.06 (-0.55%)
GGL 16.58 Increased By ▲ 0.10 (0.61%)
GTECH 8.75 Increased By ▲ 0.12 (1.39%)
HUMNL 6.89 Increased By ▲ 0.07 (1.03%)
KEL 2.86 No Change ▼ 0.00 (0%)
LOTCHEM 25.15 Increased By ▲ 0.12 (0.48%)
MLCF 25.90 Increased By ▲ 0.21 (0.82%)
OGDC 77.33 Increased By ▲ 0.29 (0.38%)
PAEL 15.65 Increased By ▲ 0.03 (0.19%)
PIBTL 6.03 Increased By ▲ 0.08 (1.34%)
PRL 17.29 Increased By ▲ 0.08 (0.46%)
SILK 1.20 Decreased By ▼ -0.03 (-2.44%)
TELE 10.66 Decreased By ▼ -0.07 (-0.65%)
TPL 9.12 Increased By ▲ 0.09 (1%)
TPLP 19.72 Increased By ▲ 0.02 (0.1%)
TREET 28.86 Increased By ▲ 0.26 (0.91%)
TRG 77.29 Increased By ▲ 1.04 (1.36%)
UNITY 19.98 Increased By ▲ 0.10 (0.5%)
WAVES 12.73 Decreased By ▼ -0.07 (-0.55%)
WTL 1.38 Increased By ▲ 0.01 (0.73%)
BR100 4,081 Increased By 24.9 (0.61%)
BR30 14,910 Increased By 3.1 (0.02%)
KSE100 41,245 Increased By 142.8 (0.35%)
KSE30 15,699 Increased By 63.9 (0.41%)
Pakistan

NAB decides to auction Nawaz Sharif’s properties

  • The court had initiated the process to confiscate the former prime minister's properties over his constant absence in the Toshakhana case in September 2020.
  • The anti-graft watchdog has been directed to make his arrest through Interpol.
19 Apr, 2021

The National Accountability Bureau (NAB) has decided to auction the properties of former Prime Minister Nawaz Sharif and his dependents. A NAB spokesperson announced this on Monday, saying that the anti-graft watchdog will file an application in an accountability court on the matter.

According to the Securities & Exchange Commission of Pakistan (SECP), Nawaz owns 467,950 shares in Muhammad Bakskh Textile Mill, 343,425 shares in Hudabiya Paper Mills, 22,213 shares in Hudabiya Engineering Company, and 48,606 shares in Ittefaq Textile Mills. He owns a bungalow in Murree, a 15 kanal house in Changla Gali, Abbottabad, and property in Upper Mall Lahore.

Meanwhile, Nawaz and his dependents collectively own over 1,752 kanals of agricultural land. This includes 936 kanal in Mouza Manak in Lahore, 299 kanal in Mouza Baduksani, 103 kanal in Mouza Mall Raiwind in Lahore, 312 kanal in Mouza Sultan, 14 kanal in Sheikhupura district and 88 kanal in Mouza Ferozwatan.

Additionally, the PML-N chief has five accounts in various private banks holding some Rs.612,000. Meanwhile, his three foreign currency accounts have €566, $698, and £498 respectively.

According to the Excise and Taxation Office of Lahore and Islamabad, Nawaz Sharif also owned three luxury vehicles and two harvesting vehicles.

The Pakistan Muslim League Nawaz (PML-N) leader failed to appear before the court despite repeated summonses. Due to which he was declared a proclaimed offender by Islamabad NAB Court-II judge, Azam Khan in the gift repository Toshakhana case in September 2020.

The court then initiated the process to confiscate the former premier's properties and directed the anti-graft watchdog to make his arrest through Interpol.

The PML-N chief has been in London since November 2019. He left with the government's permission to seek medical treatment abroad.

Comments

Comments are closed.