ECP releases assets details of Pakistan’s political parties

ISLAMABAD: Election Commission of Pakistan (ECP) has released details of assets owned by the political parties in 2018-19.

According to the details, Election Commission of Pakistan (ECP) released details of assets owned by the political parties in 2018-19, as out of 125 political parties registered with the commission, only 82 of them submitted the records.

As per details submitted, Pakistan Tehreek-i-Insaf (PTI) party owned assets worth up to Rs. 225.3 million. The PTI submitted expenditures of over Rs 508 million during 2018-19.

Similarly, in an affidavit submitted with the ECP, the Pakistan People’s Party Parliamentarians (PPPP) said that it possesses a bank balance of Rs 160 million which also included Rs 13.5 million of the party funds it received.

The total number of assets held by the party is worth over seven million rupees. “The party spent an amount of Rs 20 million as compared to an income of over five million rupees,” the ECP said citing the party’s affidavit.

Another top party, Pakistan Muslim League-Nawaz (PML), also claimed that its expenditures remained higher than the income generated during the year as the party disclosed assets worth over Rs 80 million.

ECP asks parliamentarians to submit assets’ details by midnight

Railway’s Minister Sheikh Rasheed’s Awami Muslim League (AML) was amongst the poorest party as it owns only Rs 0.25 million along with the Balochistan Awami Party (BAP) that also has a bank balance of Rs 0.231 million.

Pakistan Muslim League-Quaid (PML-Q) has assets of upto Rs 49.9 million, just above the Muttahida Quami Movement-Pakistan (MQM-P) that possesses assets worth Rs 41.9 million.

The Jamaat-i-Islami (JI) also declared party assets worth over nine million rupees.

Earlier on January 15, The Election Commission of Pakistan (ECP) reminded the members of parliament and members of the provincial assemblies to submit the details of their assets by midnight tonight.

According to the sources, the offices of supreme electoral body of the country will remain open till 12 a.m. to facilitate the lawmakers.

Spokesperson of ECP said that the date for submitting assets’ details will not be further extended.