PTI Turns Out To Be The Richest Party During 2018-2019
The Election Commission of Pakistan (ECP) has released the information about political parties’ assets for the fiscal year 2018-19.
The ECP announced that out of 125 political parties registered with the commission, 82 parties have filed their consolidated statements of accounts in line with the procedure prescribed in Rule 159 of the Election Rules, 2017, reported Express Tribune.
Pakistan Tehreek-e-Insaf (PTI) has turned out to be the richest political party while Balochistan Awami Party (BAP) the poorest.
According to the information provided by the PTI, it owns assets worth up to Rs225.3 million despite losing assets worth Rs90 million during the year.
Prime Minister Imran Khan, as the ruling party’s chairman, filed an affidavit with the commission claiming that the party has received no funding from prohibited sources, and that its expenses have crossed the revenue collection.
The PTI said that its expenditures during the year were over Rs508 million.
Pakistan People’s Party Parliamentarians (PPPP) told the ECP that it has a bank balance of Rs160 million, which also includes Rs13.5 million funds.
The total number of assets held by the party is worth over Rs7 million. “The party spent an amount of Rs20 million as compared to an income of over Rs5 million,” the ECP said, citing the party’s affidavit.