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ISLAMABAD: The National Accountability Bureau (NAB) has decided to auction all properties of former prime minister Nawaz Sharif and will file an application before the Accountability Court in this regard.

An official said that the decision to auction Sharif's properties was taken as Sharif was declared a proclaimed offender by the Accountability Court in the Toshakhana reference involving him, former president Asif Ali Zardari, former premier Syed Yousaf Raza Gillani and others.

He said that as per the Securities and Exchange Commission of Pakistan (SECP), Nawaz Sharif has shares in four companies and eight accounts in private banks including three foreign currency accounts. Rs 612,000 currently present in five accounts and 566 Euros, $698 and 498 GBP in foreign currency accounts.

According to the NAB report submitted by the LDA, Sharif has properties in Lahore, Sheikhupura, Murree and Abbottabad. The assets include a 15-kanal home in Abbottabad, property in Upper Mall Lahore, 1,752-kanal agricultural land in Lahore, 936-kanal land in Moza Manik and other properties.

Copyright Business Recorder, 2021

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