Amongst other benefits to the former rulers, the federal Government also pays a privy purse or a monthly stipend to the current Mir Ghazanfar Ali Khan.
After the abolition of Hunza State, the Northern Areas, now known as Gilgit-Baltistan region, fell under the jurisdiction of the federal government.
Mir Ghazanfar Ali Khan contested the elections several times from his hometown of Karimabad and served as a member of the Gilgit-Baltistan Assembly.
His last position of prominence was as Leader of the House and the first Chief Minister of Gilgit-Baltistan under the rule of President Musharraf.
In the general election of 2009, Mir Ghazanfar's son Prince Shehryar Khan (born 5 June 1977) contested the election in place of his father but did not succeed in securing the majority votes from the region; however, he won by a majority in his hometown of Karimabad.