Daily Times

Former federal minister Khawaja Saad Rafique owns assets worth Rs 178.413 million.

The details submitted by Kh Saad in the Election Commission of Pakistan (ECP) revealed that he and his brother Khawaja Salman Rafique have an ancestral home worth Rs 12.5 million. Saad owns house in Defence Housing Authority Phase 2 in Lahore worth Rs 48. 2 million and two 16-kanal houses in Cantt worth Rs 34.7 million and Rs 34.6 respectively. He is also the owner of Saadian Associates Marketing and Consultancy in DHA that is worth Rs 29.8 million.

The former minister has a sum of Rs 14 million in prize bonds and cash while his bank balance is only Rs 1.5 million. He also owns furniture worth Rs 2.5 million.

Saad has mentioned himself as husband of two wives – Ghazala Saad and Shafaq Hera – and father of two daughters and one son.

In 2015, Saad Rafique earned Rs 22.6 million income and paid Rs 2.9 million in taxes while in 2017, he paid Rs 5.2 million in taxes on his income of Rs 39.8 million. He owns shares worth Rs 11.5 million and has borrowed Rs 29.5 million from a cousin.

Published in Daily Times, June 22^nd 2018.