Nazwaz Sharif paid no wealth tax in seven years

Image
IANS Islamabad
Last Updated : May 18 2016 | 1:13 PM IST

Pakistani Prime Minister Nawaz Sharif paid Rs.9.77 million in wealth tax from 1993 to the end of his "forced exile" in November 2007, but has not paid any wealth tax over the past seven years.

A document detailing tax payments by Sharif, submitted by him to the National Assembly, showed the wealth tax column as blank from 2009 to 2016. It also did not mention the taxes paid in the fiscal year 2008-2009, Dawn online reported.

Sharif remained in exile in Saudi Arabia from December 2000 to November 2007.

The statement showed Rs.2.49 million was paid as income tax during the current fiscal year, but the column for agricultural tax was blank.

Another document showed that 12 industrial units owned by the Sharif group paid Rs.9.87 billion in taxes between October 1993 and April 2016.

--IANS

py/vt

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 18 2016 | 1:04 PM IST

Next Story