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Nawaz Sharif paid Rs2.5m, Shahbaz Rs5m in taxes in Pakistan

Nawaz Sharif paid Rs2.5m, Shahbaz Rs5m in taxes in PakistanIslamabad, Dec 5 : Nawaz Sharif paid 2.5 million rupees in taxes in 2010-11, while Punjab Chief Minister Shahbaz Sharif paid five million rupees, according to records of the Federal Bureau of Revenue.

The Express Tribune quoted the records, as saying that the amount has been paid by Nawaz from his income as the director of one sugar mill, Chaudhry Sugar Mills, which is declared as his only asset.

Last year, he had reportedly paid two million rupees from his earnings from the mill.

Shahbaz, however, paid a total of 6.43 million rupees in the last three years: five million rupees last year, 0.7 million rupees for year ending June 2010 and 0.66 million rupees for year ending June 2009.

The Sharif family owns five businesses, in which the Sharif brothers have varying shares, which have collectively paid 6.72 billion rupees in taxes since early 90s till now.

Chaudhry Sugar Mills Ltd has paid a total tax of 3.11 billion rupees between 1993 and 2010. Last year, the mill paid 134 million rupees in taxes. Ramzan Sugar Mills Ltd has paid 3.15 billion rupees in taxes since 1992 and 2009. Tax payments for the last two years are not mentioned in the documents, but the mill paid Rs200 million for the year 2008-09.

Mehran Ramzan Textile Mills Ltd paid total tax of eight million rupees for year ending on June 30, 2006. The mill has paid Rs166.7 million between 1993 and 2006, but records since then are not available.

Hamza Board Mills Ltd has paid 163.03 million rupees between 1993 and 2006, when it paid 11.2 million rupees. Records since then are unavailable.

Hudaibiya Engineering Co. (pvt.) Ltd has paid 91.83 million rupees between 1994 and 2010. Last year, it paid 18.3 million rupees. (ANI)