NAB decides to auction all properties of Nawaz Sharif

NAB decides to auction all properties of Nawaz Sharif NAB decides to auction all properties of Nawaz Sharif

Islamabad: The National Accountability Bureau (NAB) on Monday decided to auction all the properties of former Prime Minister Nawaz Sharif and his dependents.

According to details, the anti-corruption watchdog would file an application in an accountability court on the matter under NAB section 88 CRPC.

As per Securities & Exchange Commission of Pakistan (SECP), the Pakistan Muslim League-Nawaz (PML-N) supremo owns 467,950 shares in Muhammad Bakskh Textile Mill, 22,213 shares in Hudabiya Engineering Company, 343,425 shares in Hudabiya Paper Mills and 48,606 shares in Ittefaq Textile Mills.

The reports reveals that the former premier holds eight accounts in various private banks, including three foreign currency accounts. There is a total sum of Rs. 612,000 in five bank accounts while his foreign currency accounts have €566, $698 and £498 respectively.

The report adds that the PML-N leader is the owner of a bungalow in Murree, a 15 kanal house in Changla Gali, Abbottabad and property in Upper Mall Lahore.

Nawaz Sharif and his dependents are the owners of more than 1,752 kanals of agricultural land which includes 936 kanal in Mouza Manak in Lahore, 103 kanal in Mouza Mall Raiwind in Lahore, 312 kanal in Mouza Sultan, 299 kanal in Mouza Baduksani, 88 kanal in Mouza Ferozwatan and 14 kanal in Sheikhupura district.

The Excise and Taxation Office of Lahore and Islamabad have confirmed that former premier also owned three luxury and two harvesting vehicles.

Nawaz Sharif is in London since November 2019 after he was granted permission by government to travel abroad on medical grounds.

Earlier this month, the accountability bureau moved an application in Islamabad High Court (IHC) seeking an early hearing of appeals against Nawaz Sharif.

 

 

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