ZARDARI’S LOCAL ASSETS ARE (See Also NAWAZ SHARIF'S Assets)

[Shahzad Shameem]

*ZARDARI**’S LOCAL ASSETS ARE:*

http://pakistan.wikia.com/wiki/Asif_Ali_Zardari  (Ref:)

ISLAMABAD: The National Accountability Bureau (NAB) has provided a
list
detailing Asif Ali Zardari’s assets to an accountability court (AC).
NAB had
filed a reference against Zardari for accumulating prima facie assets,
properties and bank accounts overseas from corruption in collaboration
with
his spouse Benazir Bhutto and other government functionaries. The
court has
also ordered freezing Zardari’s foreign properties.

Following is the list of properties:

Agricultural land in Deh 51 Dad Taluka, Nawabshah.

Plot No three and four Sikni (Residential) Near Housing Society Ltd,
Nawabshah.

Café Sheraz (CS No 2231/2 and 2231/3), Nawabshah.

Agricultural land in Deh 23-Deh Taluka and Nawabshah.

Agricultural land in Deh 72-A, Nusrat Taluka, Nawabshah.

Agricultural land in Deh 76-Nusrat Taluka, Nawabshah.

Plot No A/136 Survey No 2346 Ward A Government Employees Cooperative
Housing
Society Ltd, Nawabshah.

Agricultural land in Deh Jaryoon, Tando Allah Yar, Hyderabad.

Agricultural land in Deh Aroro, Tando Allah Yar.

Agricultural land in Deh Nondani, Tando Allah Yar.

Agricultural land in Deh Lotko, Tando Allah Yar.

Agricultural land in Deh Jhol, Tando Allah Yar.

Agricultural land in Deh Kandari, Tando Allah Yar.

Agricultural land in Deh Deghi, Tando Mohammad Khan, Hyderabad.

Agricultural land in Deh Rahooki, Hyderabad.

Property in Deh Charo Taluka, Badin.

Agricultural property in Deh Dali Wadi Taluka, Hyderabad.

Five areas prime land allotted by DGKDA in 1995/96

4,000 Kanals on Simli Dam

80 acres of land at Hawkes Bay

13 acres of land at Maj Gulradi (KPT land).

One acre plot, GCI, Clifton.

One acre of land, State life (International Centre, Sadar).

Shares:

Sakrand Sugar Mills, Nawabshah.
[2]<http://pakistan.wikia.com/index.php?
title=Special:Outbound&f=Asif_Ali...>

Ansari Sugar Mills, Hyderabad.
[3]<http://pakistan.wikia.com/index.php?
title=Special:Outbound&f=Asif_Ali...>

Mirza Sugar Mills, Badin.
[4]<http://pakistan.wikia.com/index.php?
title=Special:Outbound&f=Asif_Ali...>

Pangrio Sugar Mills, Thatta.
[5]<http://pakistan.wikia.com/index.php?
title=Special:Outbound&f=Asif_Ali...>

Bachani Sugar Mills, Sanghar. [Bachani Sugar Mills, Sanghar]

FEBCs worth Rs 4,000,000.

70% shares in Descon Engineering (Pvt.) Limited
[6]<http://pakistan.wikia.com/index.php?
title=Special:Outbound&f=Asif_Ali...>

Foreign Assets (Front Companies):

Bomer Finance Inc, British Virgin Islands. (no website found for Bomer
Finance Inc)

Mariston Securities Inc, British Virgin Island. ( no website found).

Marleton Business SA, British Virgin Islands. (no website found).

Capricorn Trading SA, British Virgin Islands. (no website found).

Fagarita Consulting Inc, British Virgin Islands.

Marvil Associated Inc, British Virgin Islands.

Pwnbury Finance Ltd, British Virgin Islands.

Oxton Trading Ltd, British Virgin Islands.

Brinslen Invest SA, British Virgin Islands.

Chimitex Holding SA, British Virgin Islands.

Elkins Holding S. A. British Virgin Islands.

Minister Invest Ltd, British Virgin Islands.

Silvernut Investments Inc, British Virgin Islands.

Tacolen Investment Ltd, British Virgin Islands.

Marlcrdon Invest SA, British Virgin Islands.

Dustan Trading Inc, British Virgin Islands.

Reconstruction and Development Finance Inc, British Virgin Islands.

Nassam Alexander Inc.

Westminster Securities Inc.

Lapworth Investment Inc, 202 Saint Martin Drive, West Jacksonville.

Intra Foods Inc, 376 Lomrel Grove, Jacksonville, Florida.

Dynatel Trading Co, Florida.

AS Realty Inc, Palm Beach Gardens, Florida.

Bon Voyage Travel Consultancy.

Properties in UK:

Rockwood Estate, Haslemere Road, Surrey.

Flat 6, 11 Queens gate Terrace, London SW7.
[7]<http://pakistan.wikia.com/index.php?
title=Special:Outbound&f=Asif_Ali...>

26 Palace Mansions, Hammersmith Road, London W14. (address does not
exist on
google).

27 Pont Street London SW1.
[8]<http://pakistan.wikia.com/index.php?
title=Special:Outbound&f=Asif_Ali...>

20 Wilton Cresent London SW1.
[9]<http://pakistan.wikia.com/index.php?
title=Special:Outbound&f=Asif_Ali...>

23 Lord Chancellor Walk, Coombe Hill, Kingston, Surrey KT2 7 AG.
(address
not valid).

The Mansion, Warren Lane, West Hampstead, London NW6. (on google
several
places show up - can't be true).

Properties in Belgium:

12-3 Boulevard De-Nieuport, 1000, Brussels (building containing 4
shops and
2 large apartments).
[10]<http://pakistan.wikia.com/index.php?
title=Special:Outbound&f=Asif_Ali...>

Cauisee De-mons, 1670 Brussels. (address not valid).

Properties in US

(In Zardari’s name and managed by Shimmy Qureshi):

Stud farm in Texas. (no address - can't find it).

Wellington Club East. (no address - can't find it).

West Palm Beach, 12165 West Forest Hills, Florida. (address not
valid).
Escue Farm 13524 India Mound, West Palm Beach, Florida.
[11]<http://pakistan.wikia.com/index.php?
title=Special:Outbound&f=Asif_Ali...>

3220 Santa Barba Drive, Wellington Florida.
[12]<http://pakistan.wikia.com/index.php?
title=Special:Outbound&f=Asif_Ali...>

13254 Polo Club Road, West Palm Beach, Florida.
[13]<http://pakistan.wikia.com/index.php?
title=Special:Outbound&f=Asif_Ali...>

3000 North Ocean Drive, Singer Islands, Florida. (address not valid)

525 South Flager Drive, West Palm Beach, Florida. (not valid but map
shows:
[14]<http://pakistan.wikia.com/index.php?
title=Special:Outbound&f=Asif_Ali...>
)

Holiday Inn Huston (Owned by Asif Ali Zardari, Iqbal Memon and
Sadaruddin
Hashwani). There are 10 Holiday Inns in Houston.

Bank Accounts:

Union Bank of Switzerland (Account No.552.343, 257.556.60Q, 433.
142.60V,
216.393.60T).

Citibank Private Limited (SWZ) (Account No.342034).

Citibank NA Dubai (Account No.818097).

Barclays Bank (SUISE) (Account No.62290209).

Barclays Bank (SUISEE) (Account No.62274400).

Banque Centrade Ormard Burrus SA.

Banque Pache SA.

Banque Pictet & Cie.

Banque La Henin, Paris (Account No.00101953552).

Bank Natinede Paris in Geneva (Account No.563.726.9).

Swiss Bank Corporation.

Chase Manhattan Bank Switzerland.

American Express Bank Switzerland

Societe De Banque Swissee.

Barclays Bank (Knightsbridge Branch) (Account No.90991473).

Barclays Bank (Kingston and Chelsea Branch) (Sort Code 20-47-34135).

National Westminster Bank (Alwych Branch (A/C No.96832320).

Harrods Bank Limited (A/c No.11309063).

Midland Bank (Pall Mall Branch).

National Westminster Bank, Barking Branch (A/C No.28559899).

Habib Bank AG, Moorgate, London EC2.

National Westminster Bank, Edgware Road London W2.

Banque Financiei e Dela Citee.

Crdit Suisse.

Habib Bank AG Zurich, Switzerland.

Pictet Et Cie, Geneva.

Credit Agricole, Paris.

Credit Agridolf, Branch 11, Place Brevier. 76440, Forges Les Faux.

Credit Agricole, Branch Haute – Normandie, 76230, Boise Chillaume.
Beghariti
ka Adda in Lahore, Pakistan

   1. Plot no. 121, Phase VIII, DHA Karachi.
   2. Agricultural land situated in Deh Dali Wadi, Taluka, Tando Allah
Yar.
   3. Agricultural property located in Deh Tahooki Taluka, District
   4. Hyderabad measuring 65.15 acres.
   5. Agricultural land falling in Deh 76-Nusrat, Taluka, District
Nawabshah
   6. measuring 827.14 acres
   7. Agricultural land situated in Deh 76-Nusrat, Taluka, District
   8. Nawabshah measuring 293.18 acres
   9. Residential plot No 3 (Now House) Block No B-I, City Survey No
2268
   10. Ward-A Nawabshah
   11. Huma Heights (Asif Apartments) 133, Depot Lines, Commissariat
Road,
   Karachi
   12. Trade Tower Building 3/CL/V Abdullah Haroon Road, Karachi
   13. House No 8, St 9, F-8/2, Islamabad
   14. Agricultural land in Deh 42 Dad Taluka/ District Nawabshah
   15. Agricultural land in Deh 51 Dad Taluka Distt Nawabshah
   16. Plot No 3 & 4 Sikni (residential) Near Housing Society Ltd.
Nawabshah
   17. CafT Sheraz (C.S No.. 2231/2 & 2231/3) Nawabshah
   18. Agricultural land in Deh 23-Deh Taluka & District Nawabshah
   19. Agricultural property in Deh 72-A, Nusrat Taluka, Nawabshah
   20. Agricultural land in Deh 76-Nusrat Taluka, Nawabshah
   21. Plot No. A/136 Survey No 2346 Ward A Government Employee’s
   Cooperative
   22. Housing Society Ltd, Nawabshah
   23. Agricultural land in Deh Jaryoon Taluka Tando Allah Yar, Distt.
   Hyderabad
   24. Agricultural land in Deh Aroro Taluka Tando Allah Yar, Distt.
   Hyderabad
   25. Agricultural land in Deh Nondani Taluka Tando Allah Yar, Distt.
   Hyderabad
   26. Agricultural land in Deh Lotko Taluka Tando Allah Yar, Distt.
   Hyderabad
   27. Agricultural land in Deh Jhol Taluka Tando Allah Yar, Distt.
   Hyderabad
   28. Agricultural land in Deh Kandari Taluka Tando Allah Yar, Distt.
   Hyderabad
   29. Agricultural land in Deh Deghi Taluka Tando Mohammad Khan
   30. Agricultural land in Deh Rahooki Taluka, Hyderabad
   31. Property in Deh Charo Taluka, Badin
   32. Agricultural property in Deh Dali Wadi Taluka, Hyderabad
   33. Five acres prime land allotted by DG KDA in 1995/96
   34. 4,000 kanals on Simli Dam
   35. 80 acres of land at Hawkes Bay
   36. 13 acres of land at Maj Gulradi (KPT Land)
   37. One acre plot, GCI, Clifton
   38. One acre of land, State Life (International Center, Sadar)
   39. FEBCs worth Rs. 4 million

 *SHARES IN SUGAR MILLS INCLUDE:*

   1. Sakrand Sugar Mills Nawabshah
   2. Ansari Sugar
   3. Mills Hyderabad
   4. Mirza Sugar Mills Badin
   5. Pangrio Sugar Mills Thatta
   6. Bachani Sugar Mills Sanghar

 *FRONT COMPANIES IN FOREIGN COUNTRIES:**
*

   1. Bomer Fiannce Inc, British Virgin Islands
   2. Mariston Securities Inc, British Virgin Islands
   3. Marleton Business S A, British Virgin Islands
   4. Capricorn Trading S A, British Virgin Islands
   5. Fagarita Consulting INc, British Virgin Islands
   6. Marvil Associated Inc, British Virgin Islands
   7. Pawnbury Finance Ltd, British Virgin Islands
   8. Oxton Trading Limited, British Virgin Islands
   9. Brinslen Invest S A, British Virgin Islands
   10. Chimitex Holding S A, British Virgin Islands
   11. Elkins Holding S A, British Virgin Islands
   12. Minister Invest Ltd, British Virgin Islands
   13. Silvernut Investment Inc, British Virgin Islands
   14. Tacolen Investment Ltd, British Virgin Islands
   15. Marlcrdon Invest S A, British Virgin Islands
   16. Dustan Trading Inc, British Virgin Islands
   17. Reconstruction and Development Finance Inc, British Virgin
Islands
   18. Nassam Alexander Inc.
   19. Westminster Securities Inc.
   20. Laptworth Investment Inc 202, Saint Martin Drive, West
Jacksonville
   21. Intra Foods Inc. 3376, Lomrel Grove, Jacksonville, Florida
   22. Dynatel Trading Co, Florida
   23. A..S Realty Inc. Palm Beach Gardens Florida
   24. Bon Voyage Travel Consultancy Inc, Florida

 ZARDARI’S PROPERTIES IN UK ARE:

   1. 355 acre Rockwood Estate, Surrey (Now stands admitted)
   2. Flat 6, 11 Queensgate Terrace, London SW7
   3. 26 Palace Mansions, Hammersmith Road, London W14
   4. 27 Pont Street, London, SW1
   5. 20 Wilton Crescent, London SW1
   6. 23 Lord Chancellor Walk, Coombe Hill, Kingston, Surrey
   7. The Mansion, Warren Lane, West Hampstead, London
   8. A flat at Queensgate Terrace, London
   9. Houses at Hammersmith Road, Wilton Crescent, Kingston and in
   Hampstead.

 ZARDARI’S PROPERTIES IN BELGIUM ARE:

   1. 12-3 Boulevard De-Nieuport, 1000, Brussels, (Building containing
4
   2. shops and 2 large apartments)
   3. Chausee De-Mons, 1670, Brussels
   4. ZARDARI’S PROPERTIES IN FRANCE ARE:
   5.
   6. La Manoir De La Reine Blanche and property in Cannes

ZARDARI’S PROPERTIES IN USA — in the name of Asif Zardari and managed
by Shimmy Qureshi are:

   1. Stud farm in Texas
   2. Wellington Club East, West Palm Beach
   3. 12165 West Forest Hills, Florida
   4. Escue Farm 13,524 India Mound, West Palm Beach
   5. 3,220 Santa Barbara Drive, Wellington Florida
   6. 13,254 Polo Club Road, West Palm Beach Florida
   7. 3,000 North Ocean Drive, Singer Islands, Florida
   8. 525 South Flager Driver, West Palm Beach, Florida
   9. Holiday Inn Houston Owned by Asif Ali Zardari, Iqbal Memon and
   10. Sadar-ud-Din Hashwani

 ZARDARI’S BANK ACCOUNTS IN FOREGN COMPANIES ARE:

   1. Union Bank of Switzerland (Account No. 552.343, 257.556.60Q,
   2. 433.142.60V, 216.393.60T)
   3. Citibank Private Limited (SWZ) (Account No. 342034)
   4. Citibank N A Dubai (Account No. 818097)
   5. Barclays Bank (Suisse) (Account No. 62290209)
   6. Barclays Bank (Suisse) (Account No. 62274400)
   7. Banque Centrade Ormard Burrus S A
   8. Banque Pache S A
   9. Banque Pictet & Cie
   10. Banque La Henin, Paris (Account No. 00101953552)
   11. Bank Natinede Paris in Geneva (Account NO.. 563.726.9)
   12. Swiss Bank Corporation
   13. Chase Manhattan Bank Switzerland
   14. American Express Bank Switzerland
   15. Societe De Banque Swissee
   16. Barclays Bank (Knightsbridge Branch) (Account No. 90991473)
   17. Barclays Bank, Kingston and Chelsea Branch, (Sort Code
20-47-34135)
   18. National Westminster Bank, Alwych Branch (Account No. 9683230)
   19. Habib Bank (Pall Mall Branch).
   20. National Westminster Bank, Barking Branch, (Account No.
28558999).
   21. Habib Bank AG, Moorgate, London EC2
   22. National Westminster Bank, Edgware Road, London
   23. Banque Financiei E Dela Citee, Credit Suisse
   24. Habib Bank AG Zurich, Switzerland
   25. Pictet Et Cie, Geneva
   26. Credit Agricole, Paris
   27. Credit Agridolf, Branch 11, Place Brevier, 76440, Forges Les
Faux
   28. Credit Agricole, Branch Haute – Normandie, 76230, Boise
Chillaum

  ------------

NAWAZ SHARIF'S ASSETS

I WILL JUST SAY, EASY COME EASY GO. IF THEY HAVE PAID THE TAXES, IF
THEY HAD
NOT ROBBED PAKISTAN, IT SHOULD NOT GO THAT WAY.... BUT THE FACT IS
THEY ARE
ALL ROBBERS, THIEVES.... NO ONE IS TRUSTWORTY   *Monday, 5 January
2009*
Ansar Abbasi reveals assets of Nawaz Sharif; the story of Nawaz
Sharif's
plea bargain...<http://letusbuildpakistan.blogspot.com/2009/01/ansar-
abbasi-reveals-a...>
**

*Sharif family lose 80% of assets, says Qureshi*

By Ansar Abbasi

ISLAMABAD, Dec 10:

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, Maj-Gen Rashid Qureshi, told Dawn on
Monday
that almost 80 per cent of the Sharifs' property had been "taken over"
by
the government.

According to Mr Qureshi, 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.

Mr Qureshi dispelled the impression that there had been any underhand
deal
between the government and the Sharif family. He said the government
had
simply responded to the repeated mercy petitions filed by the Sharifs.

Contrary to what the Sharifs were pretending before the public and in
their
statements to the media, Mr Qureshi said they had been writing to the
government including the chief executive and the president, appealing
for
pardon.

"We were receiving their requests for mercy in the past three to four
months
particularly after the courts handed over decisions against Nawaz
Sharif,"
he said.

These requests were renewed recently following Nawaz Sharif's reported
ailment. Mr Qureshi stated that since the chief executive had
repeatedly
said that he was not vindictive so he recommended to President Tarar
that
the imprisonment of the Sharifs be pardoned and turned into exile
while the
rest of the punishments including fines, forfeiture of property and
disqualification should stay.

When told that the people in streets felt as if they had been betrayed
by
the government for allowing a safe exit to the Sharifs, the government
spokesman said, "the government has actually taken a compassionate
view of
the situation and converted the imprisonment into exile."

Qureshi dispelled the impression that a "deal" was 'brokered' either
by a
Saudi prince or was the exit the consequence of Saudi Arabia's
pressure.

"There has been no pressure on the government," he clarified, adding
that
the Saudi authorities, who were also approached by the Sharif's, had
actually offered to the military regime in Pakistan that the country
was
ready to accept the family if exiled.

"The Saudi's were also interested in treating the ailing Sharif," he
said.

He stressed that the government had agreed to the "plea bargain"
remaining
within the limits of law and the constitution. Mr Qureshi said none of
the
exiled members of the Sharif family except Mian Sharif could come back
to
Pakistan for a period, not known to the general himself.

http://www.dawn.com/2000/text/top4.htm

.....

Other relevant articles

http://www.jang.com.pk/thenews/dec20...main/main1.htm

Huge Sharif family assets confiscated

Assets include 5 industrial units, 5 houses, 2 plots, agriculture
properties
and Rs 300 million bank deposits; family leaves Pakistan; Kulsoom says
she
will be back in a month or two

By Tariq Butt & Shakil Shaikh

ISLAMABAD: The government has confiscated huge assets, properties and
Rs 300
million bank deposits of the Sharif family, an official announcement
said
here on Sunday. Liabilities and encumbrances of any of these assets
and
properties will be cleared by the Sharif family before the takeover by
the
government, the announcement said.

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.

Important liabilities/encumbrances of any of these assets/properties
will be
cleared by the Sharif family before takeover by the government.

Meanwhile, after being granted pardon by the president, deposed prime
minister Nawaz Sharif and 18 members of the Sharif family left
Pakistan on
Sunday morning to begin their exile in Saudi Arabia, military sources
confirmed to The News.

Ousted by the military last year, Nawaz Sharif struck a deal with the
government when the Saudi Royal family intervened to secure his
release.

The 19 members of the Sharif family were brought to Chaklala from
Lahore,
Karachi, Attock and Islamabad amid tight security before they boarded
the
waiting Saudi royal plane to take them to Jeddah.

"They left Pakistan early Sunday morning and they have reached Saudi
Arabia," military spokesman Major General Rashid Qureshi told The
News.
Earlier, Nawaz Sharif was taken to the Armed Forces Institute of
Cardiology
(AFIC) for medical check-up. Sharif was brought to the AFIC from the
16-century Attock Fort, where he was languishing for the last several
months.

Eyewitnesses told The News that two coaches brought the members of the
Sharif family, including Mian Mohammad Sharif, Nawaz Sharif, Shahbaz
Sharif,
Abbas Sharif, Hussain Nawaz, Begum Kulsoom Nawaz, Mrs Saira Hussain,
Mrs
Abbas Sharif, Mohammad Safdar, Mariam Safdar, Asma Sharif and kids of
the
family, to the Chaklala Air Base at around 6.00 am. "We are not
slipping out
of Pakistan in the dark of the night," Begum Kulsoom Nawaz told
reporters at
her Islamabad residence at 4 am, minutes before she left for the
airport.

No one from the neighbouring houses or the PML workers gathered or
appeared
on their balconies to see the departing Sharif family. Efficient
sleuths of
the Islamabad administration ensured that nobody came to the place or
nearby
nor any irrelevant cars followed them.

Clad in a dark gown and with a smiling face she denied that the Sharif
family sought exile and added they were forced to leave the country.
"I will
be back in a month or two or as soon as Nawaz Sharif recovers from his
ailment," she added. She said no formal written request was made to
the
government for sending them abroad. She however termed the family
lucky to
be going to the holy land. "We are being thrown out," she claimed.

She said had the family tendered any apology the rulers should
disclose it
to the public. "All the best wishes for the nation and the people of
Pakistan and Almighty Allah may bless them with happiness and
prosperity. We
will return to the country as soon as we get the opportunity," said
Kulsoom,
who was flanked by Safdar, her son-in-law, and a small crowd of Muslim
Leaguers.

"We are not thankful to the government for sending the Sharif family
abroad," said the newly-appointed Acting President of Pakistan Muslim
League, Javed Hashmi. The mood of the Muslim Leaguers was clearly
evident as
only Javed Hashmi, Tehmina Daultana, Zafar Iqbal Jhagra, Mushahidullah
Khan
and few other party leaders were present to off the family.

Kulsoom and other family members were confined under a verbal order in
their
F-10 rented residence since Saturday evening. Some ladies, including
wives
of Saifur Rehman and Mujibur Rehman, met Begum Kulsoom Nawaz and
others and
shared their grief.

Trucks loaded with luggage of the Sharif family followed the cavalcade
which
took them to 10-Corps Mess where they first time met each other. Mian
Sharif, father of Nawaz Sharif, and Shahbaz Sharif, saw their jailed
sons
first time since October 12, 1999.

Safdar, son-in-law of Nawaz Sharif, told The News that it was no more
possible for them to stay in Pakistan as Nawaz Sahib has been exiled
to
Saudi Arabia. "The life was very painful, but we are thankful to
Almighty
Allah for saving our lives," he added.

....

*---------------------------------------------http://www.dawn.com/
2000/12/11/

Evaluation of Sharif assets soon

By Sajid Iqbal

LAHORE, Dec 10:

*A valuation committee, comprising chartered accountants and a
representative of the government, would determine the total worth of
industrial units, agricultural land and other assets surrendered by
the
Sharif family to clear its liabilities, sources told Dawn on Sunday.

Chartered accountant firms have already been identified but the
government
has yet to nominate its representative. The committee will start
deliberations next week and will take a couple of weeks to complete
its
work. Most of the assets surrendered by the Sharif family are expected
to be
liquidated after the valuation process gets completed.

Sources familiar with the business interests of Sharif family say that
Hudaibia Paper Mill and Hudaibia Engineering are the only two
industrials
concerns surrendered by Ittefaq Group to the government. The
administrative
control of both the units was handed over to the government on Sunday.

The Sharif Medical City and Educational Complex will also be
surrendered
shortly. "These are welfare projects and are unlikely to be
liquidated.
There will, however be a change in the board of trustees," sources
said.
Bhopattian farm, agriculture land in Raiwind and Multan and 180/181-H,
Model
Town, the residence of the Sharif family will also be handed over to
the
government. However, the Sharif family residences in Jati Umra will be
retained by them.

"Ramzan Sugar Mill (Chiniot), Chaudhry Sugar Mill (Gojra) and Mehran
Ramzan
(Manga Road) will remain with the Sharif family and their affairs will
handled by Hamza Shahbaz Sharif," the sources said.

Hamza Shahbaz will be the only member of the Sharif family who will
continue
to live in Pakistan. Salman Shahbaz, the younger son of former Punjab
chief
minister Shahbaz Sharif, is expected to leave for the United States
within a
week or so to pursue his undergraduate studies at Boston University.

Meanwhile, Ittefaq Group has resorted to a large-scale layoff of
senior
executives and managers.

...

*http://www.nation.com.pk/

Nawaz and Shahbaz pay no tax*

ISLAMABAD: The billionaire club of the Pakistani politicians,
including the
deposed prime minister Nawaz Sharif and his brother Shahbaz Sharif,
does not
pay any tax.

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.

Out of every 100 persons of this poor country of 140 million people,
only
one Pakistani is a taxpayer, and the tax to GDP ratio is not more than
10
per cent, against an average of 18 per cent for the third world
countries.

Tax evasion is rampant and, generally, everyone who is some one in
this
country does not like to pay his or her tax. Agriculture sector is the
best
example. With its 25 per cent share in the gross domestic product of
over Rs
3,000 billion, its share in income tax is mere few hundred million
rupee.
More than 90 per cent members of the electoral Houses, both at the
federal
and the provincial level, has a feudal and landlord background. So,
they use
all their powers to stay out of the tax net.

The industrialists used this provision by holding large agricultural
farms
to hide their taxable incomes. Traders or retailers, known as shutter
power,
have also been successful by shutting their business down whenever an
attempt was made to tax their incomes.

So, it leaves the burden of tax only on the urban salaried class. This
constrained revenue outlook forced the policy-makers in initial years
of the
90s to introduce deductions at source on various income streams,
including
interest incomes, rental income, income of exporters, importers,
suppliers,
contractors, etc, in shape of withholding and presumptive taxes.

Fixed levies were also introduced either on ownership and trading in
assets,
like property and automobiles, or on consumption of services, like
electricity and telephone. After failure of these attempts, another
indirect
mechanism of surcharges emerged, largely on petroleum products, and
more
recently on edible oils. Rather than transferring the benefits of
falling
prices to consumers, the government found it expedient to pick up the
difference as a windfall in revenues.

The tax strategy for the fiscal 1998-99, remained weak and non-
innovative
that forced the multilateral donors to put their foot down by pressing
the
government to go for the value-added mode of sales tax. Removal of
sectoral
exemptions from GST, like services, electricity, gas and POL products
has to
be announced, and the retailers and fixed taxpayers were brought under
a
turnover tax regime to nab the potential tax evaders.

These measures were generally, revenue-neutral. Some of these measures
were,
however, revenue-oriented, like increase in gas and furnace oil
prices, GST
on packed/ branded food items, and introduction of turnover tax on
retailers
and fixed taxpayers.

During the caretaker regime of Moeen Qureshi, tax records of various
leading
politicians were leaked to the press. These records showed that
majority of
the politicians either filed zero income tax statements, or made
partly
contributions against their huge declared and undeclared assets.
Benazir
Bhutto, Farooq Leghari and others were also mentioned in such news
reports.

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 show 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.

The Big Sharif-Mian Muhammad Sharif declared to have shares of
Chaudhry
Sugar Mills. Mian Sharif had paid Rs 50102 as his income liability.
Father
of the prime minister paid Rs 1.96 lac as wealth tax. He also owns
2834 PIUs
agricultural land at Feroze Watoan Sheikhupura and Lahore. Mother of
the
prime minister also paid Rs 60 thousand income tax. She announced to
have
18174 PIUs agricultural land in the rural area of Lahore. She paid Rs
131
thousand as agriculture income tax.
SOURCE: Jang-Group October 17, 1999, Karachi

Ref:

http://www.insaf.pk/Forum/tabid/53/forumid/1/tpage/1/view/topic/posti...

--
"All Praise and Thanks are due to Allah (The only Creator) and Peace
and
Blessings be upon His Messenger Muhammad S.A.W (The Final Prophet of
Allah)

Projects...
MEEDIAFORUM
Spread the Virtue (Truth, Positivity, Justice, Goodness) & Block the
Evil
(Lie, Injustice, Negativity)

Media Projects
Print & Electronic Media Community Development
--------------------------------
Education -
To root out Intellectual Poverty from the Society

Fawad Rasheed

Advocate (District Courts & High Court Islamabad - Pakistan),
Consultant
(Immigration & Appeals), & Journalist.
Justice Law Associates

• Suite # O-1202, E/ 6, Asghar Mall Road Rawalpindi - Pakistan.

• Suite # 25, 2nd Floor, Royal Plaza, 6th Road, Rawalpindi - Pakistan.

92-0333-5105188

92-51-5816804

92-51-4581083www.quranflash.comwww.meediaforum.comwww.meediaforum.ning.com
fawad...@gmail.com

--
"All Praise and Thanks are due to Allah (The only Creator) and Peace
and
Blessings be upon His Messenger Muhammad S.A.W (The Final Prophet of
Allah)

MEEDIAFORUM

* Spread the Virtue (Truth, Love, Peace, Justice, Goodness) & Block
the Evil
(Lie, Injustice, Negativity)

* To root out Intellectual Poverty from the Society

* When we break a tradition we set a tradition

Fawad Rasheed

Advocate (District Courts & High Court Islamabad - Pakistan),
Consultant
(Immigration & Appeals), & Journalist.
Justice Law Associates

• Suite # O-1202, E/ 6, Asghar Mall Road Rawalpindi - Pakistan.

• Suite # 25, 2nd Floor, Royal Plaza, 6th Road, Rawalpindi - Pakistan.


92-51-4581083www.quranflash.comwww.meediaforum.comwww.meediaforum.ning.com
f

--
Shahzad Shameem