Rich Leaders of a Poor Nation – PM Nawaz Shariff wears a Multi Million Dollar Wrist Watch

PM Nawaz Sharrif with Meteoris WatchJNN 28 June 2013 Islamabad : Pakistan’s media and social media is abuzz with reports of The Leader of the House of the Poor Nation of Pakistan PM Nawaz Shariff , while being in the Budget Session was wearing a ‘Mutli Million Dollar Watch’.

Pakistan Prime Minister Nawaz Sharif wore a ‘Meteoris’ watch during the national budget presentation. The price of the Louis Moinet ‘Meteoris’ watch has been estimated to be a whopping 4.6 million dollars.( Pak Rs.460,000,000.00 – Rupees 46 Crore)

According to the Shazia Marri of PPP , calling the budget to be anti-Poor People and made for the Rich, MNA Shazia Marri claimed that such a budget can only be expected of party leaders who are fond of wearing such expensive personal items and even can afford such expensive itmes , and who pays their Income tax of Rs 5000/- only.

Political sparring in the parliament is timeless but a PPP MNA chose a real watch to pour scorn on the national budget presented by the newly-elected government of Prime Minister Nawaz Sharif.

“What else one can expect from a party whose leaders are fond of wearing such expensive personal items,” MNA Shazia Marri said in the National Assembly on Monday, ridiculing the budget and alluding to a $4.6 million watch worn by an unnamed PML-N leader.

Her disclosure of the expensive wristwatch astonished everyone in the house, including the Speaker.

Deploring the federal budget, Ms Marri said it seemed to have been prepared only to cater to the needs of the rich industrialists of the country.

In a state of disbelief, Speaker Sardar Ayaz Sadiq interjected, seeking a clarification from Ms Marri if she had mentioned the price of the watch in rupees or American dollars. In response, Ms Marri said she had done research on the price tag of the watch which cost 4.6 million dollars.

“Then the owner of the watch must have got it adequately insured,” commented the speaker.

The Louis Moinet ‘Meteoris’ watch is made by using pieces of meteorites in each watch. Moinet teamed up with Meteorite hunter Luc Labenne to collect pieces from the moon, a Mars meteorite, and an asteroid.

Government of PM Nawaz Sharif has been widely criticized for its failure to present a program to alleviate poverty in the national budget. It has been alleged the new budget favors the wealthy (particularly industrialists). What else one can expect from a party whose leaders are fond of wearing such expensive personal items?

If Sharif is indeed the owner of the Meteoris, he can certainly afford it.

According to Daily Pakistan, Sharif’s family owns assets estimated at a minimum of $1.4 billion — apparently generated by their interests in steelmaking and paper mill businesses as well as land in Pakistan, Saudi Arabia and the Middle East — making them the fourth-wealthiest clan in the country. Sharif also owns a bewildering array of luxurious properties in Pakistan as well as stakes in companies from Lahore to London.

Sharif, who spent several years in the early 2000s in exile in Saudi Arabia, reportedly enjoys contacts with high-level government and business figures in the Saudi Kingdom.

Very few people in Pakistan could possibly afford to purchase an indulgence like the Meteoris. Pakistan, one of the poorest nations on earth, has an average annual per capita income of about $1,257. At that rate, the average Pakistani wage-earner would have to work almost 3,700 years to be able to purchase a Meteoris.


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