Only 13 of 100 senators declare foreign assets in annual statements

The Muslim Times’ Editor for Pakistan

Credit: Xpress Tribune

Published: April 3, 2012

ISLAMABAD: A majority of Senators have declined to divulge their assets and financial liabilities abroad, irrespective of party affiliations, according to their annual statements of assets and liabilities submitted to the Election Commission of Pakistan.

Only 13 of the 100 lawmakers of the Upper House have divulged information on their assets in the US, the United Kingdom, United Arab Emirates, Saudi Arabia and Abu Dhabi.

According to the statements, former senator and Pakistan Tehreek-e-Insaaf leader Azam Khan Swati is apparently the only senator with any debt abroad, with liabilities worth $1.08 million in the US. However, Swati did not give any breakdown of these liabilities and only declared assets in the US amounting to around $7 million in his wife’s name. He also owns different properties worth Rs3.5 million in the UAE. Swati, who was the richest senator in 2011, has assets of over Rs355 million in Pakistan as well.

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Categories: Asia, Pakistan

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