Sunday, June 16, 2024

NAB has decided to auction all the properties of Nawaz Sharif

ISLAMABAD (Monitoring Desk) The National Accountability Bureau (NAB) has decided to auction all the properties of Nawaz Sharif. According to NAB, a petition to sell Nawaz Sharif’s assets will be registered in the accountability court. According to the NAB report, Nawaz Sharif was proclaimed a criminal by the court in the Toshakhana case.

Nawaz Sharif owns shares in four companies, according to the SECP, including Muhammad Bakhsh Textile Mills, which has 467,950 shares. According to the report, Nawaz Sharif has ownership 343,425 shares of Hudabia Paper Mills and 22,213 shares of Hudabia Engineering Company. Nawaz Sharif also owns 48,606 Ittefaq Textile Mills shares.

According to the NAB information, Nawaz Sharif’s different private banks have eight accounts, three of which are in foreign currencies. Five bank accounts have Rs. 612,000, while foreign currency accounts have698 US dollars, 566 Euros, and 498 British pounds.

According to the NAB, Nawaz Sharif and his families have properties in Lahore, Sheikhupura, Murree, and Abbottabad, according to Additional Deputy Commissioners of LDA, Lahore, Sheikhupura, and Assistant Commissioner of Murree and Galyat Development Authority.

Bungalow in Murree, a 15-kanal property in Abbottabad’s Changla Gali, and a property on Lahore’s Upper Mall. Nawaz Sharif and his families own more than 1752 kanals of agricultural land.

Mouza Manak in Lahore has 936 kanals, Mouza Baduksani has 299 kanals of agricultural land, Mouza Mall Raiwind in Lahore has 103 kanals, Mouza Sultan has 312 kanals, Mouza Mandiali in Sheikhupura has 14 kanals, and Mouza Feroz Watan has 88 kanals. Land along the canal is open.