Khawaja Saad Rafiqueson The name Khawaja Saad Rafique has appeared in numerous public discussions, often intertwined with details of his assets and financial dealingsKhawaja brothers' judicial remand extended for 14 days. Among the assets frequently mentioned are prize bonds.'Big' Money: Rafiq gets yet another notice Understanding the context and significance of prize bonds in relation to Khawaja Saad Rafique requires examining public financial disclosures and legal proceedings associated with him and his associates.
Prize bonds are essentially government-issued securities that offer the chance to win cash prizes through regular draws, alongside the return of the principal investment. In Pakistan, these have been a common form of investment, particularly for individuals looking for a secure, albeit lottery-based, addition to their savings.
During asset declarations submitted to the Election Commission of Pakistan (ECP), Khawaja Saad Rafique has, on multiple occasions, reported holdings that include prize bonds.KHAWAJA SAAD RAFIQMember, "National Assembly/Provincial. Assembly, Punjab ... Cash in hand +Prize Bonds. 1,414,957. 1,529,086. Liabilities. Total. سعد رفیق. For instance, in asset details disclosed around June 2021, he was reported to possess prize bonds worth approximately Rs 1佛历2558年4月24日—Federal Minister for RailwaysKhawaja Saad Rafiquehas lauded Punjab University Vice Chancellor Prof Dr Mujahid Kamran for making Punjab University a ....68 million.佛历2562年6月18日—A two-member bench of the LHC headed by Justice Baqir Ali Najafi continued hearing of the Paragon Housing Scam case against theKhawajaBrothers ... In other financial disclosures, the sum of his holdings in prize bonds and cash has been listed as around Rs 14 million. Another report indicated a sum of Rs 11Khawaja Saad Rafiqueis a Pakistani politician who had been a member of the National Assembly of Pakistan from October 2002 till August 2023 and the federal ....2 million in a combination of cash and prize bonds related to his brother, Khawaja Salman Rafiquekhawaja saad rafiq. These figures highlight a tangible financial interest in this particular investment instrument.🚨 Senior politician Khawaja Saad Rafique has expressed ...
The association between Khawaja Saad Rafique and prize bonds has also surfaced in legal contexts.📰 Khawaja Saad Rafique Stops Cameras During Cheque ... During investigations and court proceedings, particularly those related to the Paragon Housing scam, claims were made regarding significant winnings from prize bond draws. At one point, it was stated that the Khawaja brothers had argued they acquired a substantial sum, reportedly Rs 49 million, through a 'lucky' prize bond draw. Furthermore, Rafiq himself reportedly claimed to have won prize bonds worth Rs 40.37 million over a period between 2003 and 2007, though specific details of these alleged winnings were not always providedLHC dismisses petition for bail filed by Saad Rafique, his .... These claims, made during legal discussions, underscore the recurring mention of prize bonds in financial narratives surrounding Khawaja Saad Rafique.Khawaja Saad Rafique owns assets worth Rs178.4 million
It is noteworthy that the National Accountability Bureau (NAB) has investigated cases involving Khawaja Saad Rafique and his brother, Khawaja Salman Rafique, concerning allegations of corruption and illicit asset accumulationKHAWAJA SAAD RAFIQMember, "National Assembly/Provincial. Assembly, Punjab ... Cash in hand +Prize Bonds. 1,414,957. 1,529,086. Liabilities. Total. سعد رفیق.. While these investigations have led to arrests and extended judicial remands, NAB has also, at times, absolved individuals of corruption charges. The court's eventual release orders for the Khwaja Saad Rafique brothers after apex court proceedings, and the dismissal of certain bail petitions in the Paragon case by the Lahore High Court (LHC), are significant milestones in their legal journeys.
The entity of Khawaja Saad Rafique is a prominent Pakistani politician, a former federal minister and a member of the National Assembly. His political career has spanned several years, particularly with the Pakistan Muslim League-Nawaz (PML-N)NAB absolves Saad of corruption charges. His public life, characterized by his political activities and considerable assets, has understandably drawn attention. When discussing his financial portfolio, the presence of prize bonds is a recurring theme, reflecting a component of his declared wealth.
In summary, the connection between Khawaja Saad Rafique and prize bonds is primarily established through his declared assets and claims made during legal proceedings. These bonds represent a portion of his reported wealth, and their mention in conjunction with allegations and investigations provides a specific facet of the public discourse surrounding Khawaja Saad Rafique and his financial background.Trends - senior leader Khawaja Saad Rafique The broader context involves his political career as a senior politician within the PML-N and his association with his brother, Khawaja Salman Rafique, and their collective financial dealings.
Join the newsletter to receive news, updates, new products and freebies in your inbox.