Assets details of Kahawaja Saad Rafique emerged on surface

21 Jun, 2018 2:36 pm

LAHORE (92 News) – The Election Commission of Pakistan (ECP) revealed the assets and tax details of Former railway minister Khawaja Saad Rafique.

According to the electoral body, Khawaja Saad owns assets worth Rs178.413 million. He has mentioned himself as husband of two wives, Ghazala Saad and Shafaq Hera, and father of two daughters and one son. In 2017, Saad paid Rs5.2 million income tax on the income worth Rs3 crore and Rs8.9 millions.

Khawaja Saad did not pay tax on the income of agricultural land and not mention of agricultural income. He owns shares worth Rs11.5 million and took loan of Rs29.5 million from a cousin.

The details submitted by Saad Rafique in Election Commission of Pakistan (ECP) revealed that he and his brother Khawaja Salman Rafique have a ancestral home worth Rs125,000.

Saad Rafique owns house in Defence Housing Authority Phase 2 in Lahore worth Rs4 crore 8.2 millions and two 16-kanal houses in Cantt worth Rs3 crore 46 millions and Rs3 crore 45 millions.

He is also the owner of Saadian Associates Marketing and Consultancy in DHA that is worth Rs29.8 million. The former minister has a sum of Rs14 million in prize bonds and cash while his bank balance is only Rs1.5 million. He also has furniture worth Rs2.5 million.

Earlier in 2015, Saad Rafique earned Rs22.6 million income and paid Rs2.9 million in taxes while in 2017, he paid Rs5.2 million in taxes on his income of Rs39.8 million.

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