The government has confiscated huge assets, properties and Rs 300 million bank deposits of the Sharif family, an official announcement said here on Sunday. Liabilities and encumbrances of any of these assets and properties will be cleared by the Sharif family before the takeover by the government, the announcement said.
Confiscated industrial assets include Brother Steel Mills, Hudabiya Paper Mills Limited, Hudabiya Engineering Company and Hamza Spinning Mills Limited. Residential properties include houses at Model Town, Lahore; 135 Upper Mall, Lahore; one plot at Model Town, Lahore; one plot at Upper Mall, Lahore; and three houses on Hall Road, Murree.
Agriculture properties include 10 kanal and two marla land at Khanpur, Sheikhupura Road, Lahore; 41 acres and seven kanal land at Watton, Sheikhupura; 14 kanal and two marla land at Bhaipheru, Chunian; 35 kanal and three marla land at Bhaipheru, Chunian; and 88 kanal land, Phubtian, Raiwind.
Following is detail of the confiscated assets of the Sharif family:
Bank deposits: Rs 300 million.
http://www.jang.com.pk/thenews/dec2000-daily/11-12-2000/main/main1.htm