Pervaiz Elahi emerges as the richest party leader in NA

[Lahore_Real_Estate]

ISLAMABAD: The declared wealth of Chaudhry Pervaiz Elahi of PML-Q, who is likely to become deputy prime minister or senior minister in the PPP government, surpasses the value of individual assets of the heads of all the six other parliamentary parties in the National Assembly, his declaration filed with the Election Commission of Pakistan shows.

Chaudhry Nisar Ali Khan, who heads the PML-N in the National Assembly and is also leader of the opposition, and his wife own assets close, if not more, to those possessed by Pervaiz Elahi. On the third position falls Munir Orakzai, who is leader of the Federally Administered Tribal Areas (Fata) MNAs, followed by Asfandyar Wali of the Awami National Party (ANP).

Prime Minister Syed Yusuf Raza Gilani, who heads the Pakistan People’s Party (PPP) in the National Assembly, stands on number five in terms of wealth compared to other parliamentary leaders. Then comes Farooq Sattar of the Muttahida Qaumi Movement (MQM) and is followed by Maulana Fazlur Rehman of the Jamiat Ulemae Islam (JUI).

It is absolutely impossible to have the real worth of the assets, which would certainly be many times more than declared, because it has not been spelled out in the statements. In some cases, the prevailing value of the assets has not been given at all while in others it has been underestimated.

The declared assets of Pervaiz Elahi, elected from NA-58 Attock, according to the ECP, include the half share of Rs3,290,000 in the Islamabad house; also half share of Rs5,250,000 in the Lahore residence; 78 acres of agriculture land valued at Rs366,667; 12.5 acres of land in Kasur valued at Rs45,00,000; shares in Modern Flour Mills valued at Rs9,977,500 and his wife’s shares of Rs25,000,000 in Hayat Khan (Pvt) Limited and Bahera (Pvt) Limited (shown at cost being not for sale). He has a jeep costing Rs26,000,000 while he and his wife have Rs46,140,200 as cash in hand.

His wife has unsecured loans of Rs58,709,800 for Bahera (Pvt) Limited; Hayat Khan (Pvt) Limited; and Al-Tahur (Pvt) Limited. Chaudhry Nisar and his spouse, who belongs to one of the 22 famous richest families of the sixties, have approximately Rs20 million as cash in hand and bank deposits.

They own nearly twenty properties including plots and houses in Rawalpindi, Lahore and Islamabad, and large pieces of agriculture lands at Chakri. Their value has not been stated. The lady has shares in Ferozsons Laboratories and KFW Factors and Nishat Mills. He owns a 2010 model Mercedes car and a 2005 model Pajero. Their minor children have agriculture land at Chakri in their names.

Next comes Munir Orakzai, elected from NA 38 tribal areas. His wealth is calculated to be approximately Rs60 million. He owns rest houses in Kurram Agency valued at Rs17 million, Warsak Road, Peshawar valued at Rs22 million; agriculture land in Kurram Agency worth Rs3 million, transportation business in Doha, Qatar, valued at US$265,000; two vehicles valued at Rs2.9 million; jewellery worth Rs0.22 million; Rs1.35 million as cash in hand; Rs9,662,000 as bank deposit; and Qatari Riyals 295,028 in a Doha bank.

The total wealth of ANP President Asfandyar Wali, elected from NA-7 Charsadda, comes to about Rs36 million. His assets include inherited residential house valued at Rs4 million; 67 acres of agriculture land valued at Rs30 million; prize bonds of Rs500,000; 1988 model Toyota valued at Rs500,000; jewellery valued at Rs2 million; bank balance of Rs679,708 and furniture, fittings and articles of personal use valued at Rs500,000.

The assets of the prime minister, elected from NA-151 Multan, are valued at Rs19,479,824. These include a residential house in Multan valued at Rs6,300,000; 200 tolas of jewellery (no value given); Rs79,65,125 as cash in hand; bank deposit of Rs50,14,699 and furniture, fittings and articles of personal use valued at Rs200,000. The couple doesn’t own a personal vehicle.

Farooq Sattar, elected from NA 249 Karachi, owns assets of approximately Rs5 million. These include one-sixth share in PIB colony house valued at Rs630,000; Karachi flat (owned by his wife) worth Rs800,000; Rs122,388 as life insurance; Regular Income Certificates of Rs655,298; two personal cars valued at Rs1,026,000; jewellery worth Rs100,000; Rs8,557 as cash in hand; Rs1,648,637 as bank balance; furniture, fittings and articles of personal use valued at Rs129,700 and other assets valued at Rs15,500.

The assets of Fazlur Rehman, elected from NA-26 Bannu, are valued at Rs3.6 million. These include one-fifth share in house located in Dera Ismail Khan district valuing Rs100,000; another house valued at Rs2 million and the adjoining plot valued at Rs500,000; jewellery worth Rs550,000 in wife’s use; bank balance of Rs400,000 and furniture, fittings and articles of personal use valued at Rs50,000. He owns no car.