Former CM’s assets soar 300% in 5 years

Former chief minister of Balochistan Jam Kamal has come under scrutiny as Election Commission of Pakistan (ECP) documents reveal a staggering 300 percent surge in his assets over the past five years. HUM Investigation Team (HIT) has delved into the details of Kamal’s financial portfolio, unearthing significant revelations.

According to documents from the financial year 2018, Jam Kamal and his wife jointly possessed assets valued at Rs 370 million. However, in a remarkable ascent, his net worth has now skyrocketed to a staggering Rs 1.3 billion in the financial year 2023, marking a threefold increase.

HIT has not only shed light on the substantial increase in assets but has also brought to the forefront the overseas holdings of Jam Kamal.

JI chief holds Sardars responsible for Balochistan’s malaise

Notably, a considerable portion of Kamal’s wealth, exceeding Rs 800 million, has been marked as inheritance from his parents. In 2018, the taxable assets of the former chief minister were valued at Rs 150 million, while the family inheritance stood at Rs 370 million. Fast forward to the present, Jam Kamal has declared taxable assets of Rs 270 million in the current election papers, with the total family assets now valued at a staggering Rs 1.31 billion.

In 2020, his net worth was documented at Rs 1.1 billion, and in the fiscal year 2021, assets worth Rs 88 crore were received from his parents.

Additionally, the former chief minister has disclosed his property holdings in the United Arab Emirates (UAE), further adding to the complexity of his financial profile. Despite the significant increase in assets, Jam Kamal emphasizes that all his assets, including those received from abroad and from his parents, are legally declared. The family resources, he asserts, are meticulously documented and transparent.