Senator Gul Muhammad Lot of Pakistan People's Party Parliamentarian (PPP-P) owns assets and bank balance valuing more than Rs 3.22 billion. According to senators' annual statements of assets 2012, issued by the Election Commission of Pakistan (ECP), the estimated present value of Lot's immovable assets is Rs 67.5 million including agriculture land (64 Acre), Rs 2.5 million, Plot No 115/II Khayaban-e-Hilal (500S.Yard) worth 15 million while the assets in the name of his wife are of Rs 30 million.

The value of assets in the foreign countries is Rs 659.15 million including Best House Juaneirat Lake Tower Global View in UAE costing Rs 12 million, Damac-Lake view Apartment worth Rs 11.5 million, Villa in Dubai costing Rs 30 million, investment in Gul Muhmmad Memon Factory Jeddah Saudi Arabia valuing 89.5 million, flat in London worth 180.9 million and a flat in Marina Dubai amounting to 53.75 million.

About the moveable assets held within Pakistan, investment in Thar Flour Mills, Rs 46.5 million, investment in Mehran Spice and Food Industries, Karachi, Rs 596.8 million, cash prize bonds and bank balance, Rs 30 million, vehicles (2 land Cruisers and Toyota Corolla) worth Rs 14 million. Similarly, movable assets held outside Pakistan amounts to Rs 193.08 million including investment in Pure Food Ltd (Dubai) Rs 80,000, Jewellery Rs 50 million and cash and bank balance Rs 120 million and three vehicle, Rs 23 million.

Copyright Business Recorder, 2013