The Quaid of his own faction of Pakistan Muslim League the seond largest political party of Pakistan which is widely known as PML-N, Mian Mohammad Nawaz Sharif is second most corrupt politician of Pakistan after President of Pakistan Asif Ali Zardai.
Mian Mohammad Nawaz Sharif was born 25 on December 1949 is a business tycoon who served as 12th Prime Minister of Pakistan in two non-consecutive terms from November 1990-July 1993 and February 1997-October 1999.
He was Chief Minister of Punjab from 1985 to 1990. A businessman and lawyer by profession, he owns Ittefaq Group, a private steel mill enterprise.
He is a wealthy businessman and a conservative politician. His first term was shortened after the Pakistan Army pressured him to resign. In 1997, he was overwhelmingly elected for a second term by wide margins. During his second term, he notably ordered Pakistan's first nuclear tests in response to India's nuclear tests.
He was ousted in an October 1999 military coup by Pervez Musharraf. He returned to Pakistan in late 2007 after eight years of forced exile. He successfully called for Musharraf's impeachment and the reinstatement of Chief Justice Iftikhar Muhammad Chaudhry. He is a potent force in Pakistani politics.
On 12 October 1999, Sharif attempted to remove Pakistan Army Chief General Pervez Musharraf and appoint Ziauddin Butt in his place. Musharraf, who was in Sri Lanka, attempted to return through a commercial airliner to return to Pakistan. Sharif ordered Sindh IG Rana Maqbool to arrest of Chief of Army Staff and Musharraf.
He ordered the Karachi Airport to be sealed off to prevent the landing of the Musharraf's airliner fearing a coup d'état. Sharif ordered the plane to land at Nawab Shah Airport. Musharraf contacted top Pakistan Army Generals who then took over the country and ousted Sharif's administration. Musharraf later assumed control of the government as Chief Executive.
The military placed him on trial for "kidnapping, attempted murder, hijacking and terrorism". The military court quickly convicted him and gave him a life sentence. Under an agreement facilitated by Saudi Arabia, Sharif was placed in exile for the next 10 years.
The exile of the Sharif family to Saudi Arabia following the pardon announcement by the government has deprived the Raiwind dwellers of their 15 assets, worth billions of rupees.
A spokesman for the government told that almost 80 per cent of the Sharifs' property had been "taken over" by the government.
According to spokesman, the 15 assets that have been taken over by the government in return for providing a safe "exit" to the Sharif family include Rs300 million in cash; industrial assets including Brother Steel Mills; Ilyas Enterprises; Hudaybia Paper Mill; Hudaybia Engineering Company; Hamza Spinning Mills; residential property including the Model Town bungalow; three houses at Mall Road Murree; property at 135 Upper Mall Lahore; a plot at Model Town Lahore; a plot at Upper Mall, Lahore; agricultural property including 10.2 kanals of land at Khanpur Sheikhupura Road Lahore; 41 acres and 7 kanals of land at Sheikhupura; 14.2 kanals of land and another 35 kanals at Bhaipharu in Chunnian and 88 kanals of land at Raiwind.
The Raiwind palace of the Sharif family, which ruled the country for almost 15 years, has however not been confiscated by the government.
Nawaz family’s total assets include 5 industrial units, 5 houses, 2 plots, agriculture properties and Rs 300 million bank deposits. The government had confiscated huge assets, properties and Rs 300 million bank deposits of the Sharif family.
Confiscated industrial assets include Brother Steel Mills, Hudabiya Paper Mills Limited, Hudabiya Engineering Company and Hamza Spinning Mills Limited. Residential properties include houses at Model Town, Lahore; 135 Upper Mall, Lahore; one plot at Model Town, Lahore; one plot at Upper Mall, Lahore; and three houses on Hall Road, Murree.
Agriculture properties include 10 kanal and two marla land at Khanpur, Sheikhupura Road, Lahore; 41 acres and seven kanal land at Watton, Sheikhupura; 14 kanal and two marla land at Bhaipheru, Chunian; 35 kanal and three marla land at Bhaipheru, Chunian; and 88 kanal land, Phubtian, Raiwind.
Following is detail of the confiscated assets of the Sharif family:
Bank deposits: Rs 300 million.
Industrial assets: 1. Brother Steel Mills; 2. Ilyas Enterprises; 3. Hudabiya Paper Mills Limited; 4. Hudabiya Engg Co; 5. Hamza Spinning Mills Ltd.
Residential properties: 1. Residential houses at Model Town Lahore; 2. 135-Upper Mall, Lahore; 3. A plot at Model Town, Lahore; 4. A plot at Upper Mall, Lahore; 5. Three houses on Hall Road, Murree.
Agricultural properties: 1. 10 kanal, 2 marla land at Khanpur, Sheikhupura Road, Lahore; 2. 41 acres, 7 kanal land at Watton, Sheikhupura; 3. 14 kanal, 2 marla land at Bhaipheru, Chunian; 4. 35 kanal, 3 marla land at Bhaipheru, Chunian; 5. 88 kanal land, Phubtian, Raiwind.
Despite having declared assets of Rs 676.8 million of the Sharif family, both the brothers filed a zero income tax and deficit wealth tax returns, last year. This very fact motivated donors to force the authorities to publish tax records of all the parliamentarians and senior bureaucrats, which is due now shortly.
The 11-member family of Mian Muhammad Nawaz Sharif holds a gross wealth of Rs 676.8 million (declared in tax returns). However, Nawaz and Shahbaz paid no income tax or wealth tax to the national exchequer.
Following the modern tradition of large industrial houses, the family of Nawaz Sharif also owns large agricultural farms. Nawaz Sharif himself owns two pieces of land at the Raiwind Road and Mandiali (Sheikhupura), containing 212 Produce Index Units (PIUs).
According to the tax statements of June 30, 1998, total income tax paid by the 11-member Sharif family was just Rs 0.25 million. The family also paid Rs 0.55 million as wealth tax and 0.13 million as agriculture tax raising the total tax payment of the family to Rs 0.94 million. This amount is just a peanut, keeping in view their business empire that actually runs into many billions.
The tax statements declared majority of the industrial concerns in losses and the income tax was computed largely on the salary paid to the directors of the group or on the dividend paid by Chaudhry Sugar Mills. The total income tax, wealth tax and agriculture tax paid by the family, with a gross worth of Rs 676.8 million, was just Rs 0.94 million or a little above 0.1 per cent of the total declared asset value of the family.
The 11-member family includes Mian Muhammad Sharif, Mrs Shamim Akhtar, Mian Muhammad Nawaz Sharif, Mrs Kulsoom Nawaz Sharif, Hussain Nawaz, Hassan Nawaz, Mian Shahbaz Sharif, Mrs Nusrat Shahbaz, Hamza Shahbaz, Mian Abbas Sharif and Mrs Sabiha Abbas. Majority of the assets were in the name of elders, minors and wives of the Sharifs.
The factories declared by the Sharif family showed losses. These industrial units, as shown in the various tax returns include Chaudhry Sugar Mills, Ramzan Sugar Mills Ltd, Mehran Ramzan Textile Mills Ltd, Muhammad Baksh Textile Mills, Hamza Spinning Mills, Hudabiya Paper Mills, Hudabiya Engg (Pvt) Ltd, Hamza Board Mills, Kulsoom Textile Mills, Ittefaq Brothers (Pvt) Ltd, Ilyas Enterprises (Pvt) Ltd, Brothers Steel Ltd, Ittefaq Sugar Mills, Khalid Siraj Textile Industries, Ramzan Baksh Textile Mills, Ittefaq Textile Mills, Brothers Textile Mills, Ittefaq Foundries, Khalid Siraj Industries, Barkat Textile Mills, Abdul Aziz Textile Mills, Brothers Sugar Mills and Effective (Pvt) Ltd.\
According to the documentary evidence, the deposed prime minister, Muhammad Nawaz Sharif with national tax number (NTN) has declared his income tax liability as 'nil' on June 30, 1998. His total net wealth (as declared) was Rs 2.1 million and total admissible debts were shown at Rs 6.4 million. So his net wealth, according to the tax statement (assets minus admissible debts), would go into deficit.
The income tax liability of Mrs Kulsoom Nawaz was also shown as 'nil'. However, she declared a small amount of eight thousand rupee as tax on dividend from Chaudhry Sugar Mills where she had declared to hold 4,000 shares. The net asset value of Mrs Nawaz was shown at Rs 3.98 million. However, her net wealth was computed at Rs 32 thousand after adjusting admissible loans of Rs 3.95 million. So, she paid Rs 178 only as wealth tax for the year ending June 30, 1998.
The tax return of Mian Shahbaz Sharif shows one thousand rupee tax deducted on dividend received by him from Chaudhry Sugar Mills. He had declared to have 5,000 shares of the unit. Mian Shahbaz also filed a deficit tax return of Rs 4.5 million.
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