Does anyone know why 17% Tax has been increased on Milk??? lol Hamza Shehbaz owns the largest business in town for that...a flash back from a link dated 2011...the recent figure will be alluring after this budget...the poor supporters of Nihari will again come up with an explanation :) "Hamza’s assets swelled by just Rs583,191 compared to what he had declared in 2008. Now, he has estimated his net assets at Rs211,080,295 as against Rs210,497,104 two years back. The value of his wife’s assets remains the same at Rs2,500,000. Hamza, who had run the Sharif family’s business in hard times when it was in exile in Saudi Arabia, has shown investments valuing Rs116,198,850 in fourteen companies. But he owns no house, no car. Their details are: shares valuing Rs6,238,850 in Chaudhry Sugar Mills; Rs1160,000 in Ramzan Sugar Mills; Rs1,162,000 in Hamza Spinning Mills; Rs3,443,000 in Muhammad Bakhsh Textile Mills; Rs50,000 in Kalsoom Textile Mills; Rs3,030,000 in Hudabiya Paper Mills; Rs875,000 in Hudabiya Engineering; Rs100,000 in Khalid Siraj Industries; Rs10,000 in Madni Trading (Pvt) Limited; Rs10,000 in Madina Construction Company; Rs100,000,000 in Sharif Feed Mills; Rs10,000 in Sharif Poultry Farms; Rs10,000 in Sharif Dairy Farms and Rs100,000 in Ramzan Energy Limited. Hamza has an amount of Rs3,720,976 as cash in hand and a bank balance of Rs6,512,578. He owes seven unsecured loans of a total of Rs92,227,028. They are Rs1,000,000, Rs500,814; Rs588,735; Rs73,019,279; Rs6,000,000; Rs5,246,600 and Rs5,871,600 in the names of Mrs Shamim Akhtar, Shahbaz Sharif, Mrs Javeria Ali, Sharif Feed Mills, Sharif Poultry Farms, Madni Trading Company and Madina Construction Company respectively. The declaration put the total value of assets at Rs214,938,456. After deducting a liability of Rs3,858,161 of Ramzan Sugar Mills, the net wealth comes Rs211,080,295. His wife’s assets include 50 tolas of jewellery valuing Rs900,000, cash and prize bonds of Rs1,000,000, and furniture, fittings and articles of personal use of Rs500,000."
Posted on: Thu, 13 Jun 2013 09:42:18 +0000