ISLAMABAD Over the previous six years, Nawaz Sharif, the supremo of the Pakistan Muslim League-Nawaz (PML-N) and former prime minister, saw a sharp decline in his wealth. “Former Prime Minister Sharif reported to the Election Commission of Pakistan (ECP) that his assets had decreased by Rs1.7 billion over the specified time frame, despite still being consider a wealthy politician.”
Nawaz Sharif’s assets decrease: His most recent nomination documents, which were filed with the Returning Officer in NA-130, were obtained by the Hum Investigation Team. Nawaz Sharif disclosed that he only had assets of about Rs. 80 million in Lahore. In 2016, when he was the nation’s chief executive, he disclosed that his net worth was Rs1.85 billion.
Kulsoom and Nawaz Since 2013, Nawaz’s holdings have stayed quite close to Rs2 billion. Nawaz Sharif’s assets increased from Rs167 million in 2011 to Rs262 million in 2012 and finally to Rs1.8 billion in 2013, according to HIT study. In2014, his assets increased to Rs1.9 billion, and in2015, they reached Rs1.84 billion.
In the last three years, how much tax has Nawaz paid?
In a related development, former prime minister Nawaz Sharif paid Rs8,200 in income tax over the course of the previous three years, according to a letter from the Federal Board of Revenue (FBR).
Our investigative team got Nawaz Sharif’s nomination documents. FBR officer Naila Ashraf Khan disclosed in a letter that the former prime minister paid Rs4,664 in taxes in 2021, Rs1,062 in taxes in 2022, and Rs2,314 in taxes in 2023.
The nomination documents additionally disclose that throughout the past three years, Nawaz Sharif had expended Rs8.2 million on his international travels. The former prime minister travelled to Saudi Arabia, the UK, and Europe.
Furthermore, in his nomination papers, Nawaz Sharif notified the ECP that, in 2021, he had his bank profit tax deducted at the rate of Rs 23,956.
The amount of bank earnings tax withheld was Rs82,549 in 2023 and Rs 2,125 in 2022.
According to Nawaz Sharif, he also paid taxes on agriculture totaling Rs136,283 in 2021, Rs229,313 in 2022, and Rs355,526 in 2023.
