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Affidavit Of Net Worth for Pakistan

Affidavit Of Net Worth Template for Pakistan

A comprehensive sworn statement used in Pakistan's legal system that provides a detailed declaration of an individual's complete financial position. This document, governed by Pakistani law including the Qanun-e-Shahadat Order 1984, presents a thorough breakdown of assets, liabilities, income sources, and expenses. It requires proper attestation by an authorized Oath Commissioner and must comply with local stamp duty requirements. The document serves as a legal record of financial status for various purposes including court proceedings, financial transactions, and official declarations.

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Affidavit Of Net Worth

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What is a Affidavit Of Net Worth?

An Affidavit of Net Worth is a crucial legal document in Pakistan's judicial and financial systems, commonly required in various situations where comprehensive financial disclosure is necessary. This sworn statement is typically used in court proceedings, particularly in family law cases, bankruptcy matters, loan applications, or when required by government authorities. The document must be executed in accordance with Pakistani law, requiring proper attestation by an authorized Oath Commissioner and appropriate stamp duty payment. The affidavit provides a detailed snapshot of an individual's financial position, including all assets (both within Pakistan and abroad), liabilities, income sources, and regular expenses. It carries significant legal weight, with false declarations potentially resulting in criminal penalties under Pakistani law.

What sections should be included in a Affidavit Of Net Worth?

1. Personal Information: Deponent's full name, CNIC number, address, and occupation

2. Purpose Declaration: Statement declaring the purpose of the affidavit and its voluntary nature

3. Employment Information: Current employment status, employer details, and position

4. Income Statement: Comprehensive list of all income sources including salary, business income, investments, and other revenue streams

5. Real Estate Assets: Details of all owned properties including residential, commercial, and agricultural land

6. Personal Property: List of valuable personal possessions including vehicles, jewelry, and other significant items

7. Financial Assets: Bank accounts, investments, stocks, bonds, and other financial instruments

8. Business Interests: Details of owned businesses, partnerships, and shares in companies

9. Liabilities: All debts including mortgages, loans, credit cards, and other financial obligations

10. Monthly Expenses: Breakdown of regular monthly expenditures

11. Verification Statement: Declaration of truth and accuracy of the provided information

12. Attestation: Space for oath commissioner's signature and stamp

What sections are optional to include in a Affidavit Of Net Worth?

1. Dependent Information: Details of dependents and their financial needs, required when affidavit is being used for family court matters

2. Foreign Assets: Declaration of assets held outside Pakistan, required when applicable

3. Trust Holdings: Information about any trust funds or properties held in trust, required when applicable

4. Anticipated Changes: Declaration of expected significant changes in financial status, recommended for court proceedings

5. Insurance Policies: Details of life, health, and property insurance policies, recommended for comprehensive disclosure

What schedules should be included in a Affidavit Of Net Worth?

1. Schedule A - Bank Account Details: Detailed listing of all bank accounts with account numbers and current balances

2. Schedule B - Property Documentation: Copies of property ownership documents and recent valuations

3. Schedule C - Investment Portfolio: Detailed breakdown of all investments with current market values

4. Schedule D - Vehicle Registration: Copies of vehicle registration documents and estimated values

5. Schedule E - Business Valuations: Documentation supporting business ownership and valuations

6. Schedule F - Loan Documentation: Copies of loan agreements and current outstanding balances

7. Appendix 1 - Supporting Documents: Copies of relevant financial statements, tax returns, and other supporting documentation

8. Appendix 2 - Asset Photographs: Photographic evidence of major assets where applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Pakistan

Document Type

Affidavit

Cost

Free to use
Relevant legal definitions








































Clauses

























Relevant Industries

Legal Services

Financial Services

Banking

Real Estate

Public Sector

Tax Advisory

Wealth Management

Family Law

Corporate Law

Administrative Services

Relevant Teams

Legal

Finance

Compliance

Administration

Wealth Management

Corporate Affairs

Risk Management

Client Services

Document Processing

Advisory Services

Relevant Roles

Legal Counsel

Financial Advisor

Tax Consultant

Wealth Manager

Bank Manager

Court Officer

Family Law Attorney

Corporate Lawyer

Compliance Officer

Financial Controller

Account Manager

Legal Administrator

Notary Public

Oath Commissioner

Property Lawyer

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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