ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) is a party which can harm Pakistan to any extent just to come into power, accused Pakistan Tehreek-i-Insaf (PTI) chief Imran Khan on Wednesday.
Responding to the money laundering accusations levelled against him by PML-N senior leader Khawaja Asif, Khan said the party should have at least considered doing a little more investigation into the matter before speaking to the public.
“Shaukat Khanum Memorial Cancer Hospital is not Imran Khan’s personal hospital; the patients are not my relatives, they are Pakistanis,” said Khan, adding that by attacking the hospital, PML-N has caused harm to many Pakistanis who receive free health care at the hospice.
“It is the only free cancer hospital and PML-N should have thought before doing this,” Khan stated.
Lamenting that the PML-N dragged a welfare institute into the mud of politics, Khan said the finger-pointers should have attacked him but not the hospital.
Calling PML-N’s allegations baseless, the PTI chairman said the $3 million amount mentioned by Khawaja is already stated in hospital’s balance sheet. “If we had misused the money, we would have not mentioned it in our accounts,” Khan clarified.
As if to further admonish Khawaja, Khan pointed out that the PML-N leader had in fact relied on their public balance sheet to pick out all the numbers for his accusation.
Calling the accusation that zakat money was invested abroad a lie, Khan said that the hospital receives money from donors within the country and from those outside of it. He said the amount of money hospital gets in zakat is never enough to provide free health service and so fund raising events are organised to bridge the shortfall.
He further explained that the foreign donations are collected in a dollar account which is managed by the hospital’s endowment fund. “The endowment fund uses this money for investment and earn profit on it,” he declared.
“The endowment fund has its own board which decides how to use the money, a board of which I’m not a member,” Khan said, adding that the board decided to invest money in Dubai as property prices were rising back then.
Answering the accusations point by point, Khan said the money never went abroad from Pakistan as it was a part of the endowment fund and the company, where the hospital’s endowment fund invested, was owned by Imtiaz Haideri, who is also the chief executive.
“The investment crashed all of a sudden,” Khan admitted, but, said, the owner had promised them that they will earn profit on the investment and will not incur losses.
The PTI chairman said the PML-N probably played this blame game now because it’s Ramazan and the hospital receives huge amount of donations this time of the year.
“Khawaja might be upset by this but I want to tell him that we have received Rs40 million from Sialkot and raised Rs60 million through a fund-raising iftari in Lahore,” Khan boasted.
The PTI chief added that Khawaja might have levelled the allegations just to prevent the hospital from getting funds, adding that the PML-N has pulled such a stunt before.
“In 1997, I had to face a lot of trouble. I had to tour all over the globe to raise funds for the hospital as donations stopped coming in after PML-N created similar doubts,” he said.
COMMENTS (148)
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@naeem khan Manhattan,Ks: . "Could anyone enlighten me if Nawaz Shariff’d family has built any hospital, school, college or any other institution which could help the masses and the country...." . Please visit this link to a whole Medical City not just a hospital. I would not know how this mammoth project or other so-called welfare hospitals are financed.
Shareef Medical City, Project
http://www.sharifmedicalcity.com.pk/NewsRoom.html
@Lala Gee: Did PML-N did the right thing? I think if you have cancer in your family then see what is the worth of this hospital. shame on you
It's fact that in Imran Khan is new, bit emotional and does not have much experience in politics compared to Nawaz and Zardari... but what the use of having sound experience and still keeping the whole nation deprived of basic facilities... Nawaz and Zardari possess experience of politices to gain or retain the power...not to lead the nation..
the new generation need results not these power game...
In todays scenario, we have dirty fishes around us. even if we include Imran in these dirty fishes then it's obvious that imran is cleaner then these two great politician.. he might have some bad past or failures but compared to these two leaders... he delivered to nation much more achivements and a feel of self stability...
Let's think that if these blames on SKMH are ture then what? Nothing wrong.. he is still not that corrupted as these two leaders are..
It's just a try by Khawaja Asif to divert attention from PML N failures to Imran... Even if imran is corrupted.. Khawaja Asif should give justification of blames put on his party..
I don't know if Imran is going to be a winning leader in election or not.. but i wish and want him to be on that seat... He is not angel but he is our hope for change...
Syed Obaid
@Fareed: "Nawaz and his servants should all be sent to jail for this crime against the people of Pakistan. We only trust Imran Khan." . Which crimes against the people of Pakistan? For asking, why IK & Co gambled public contributions. Gambling is considered immoral by many people of this country, whether you are the jeans type Islamist or stick to Shalwar Kamiz. . Gambling is gambling you won't find any support for that in holy books of Islam, unless you follow your own version, as has been noticed on some odd occasions.
Nawaz and his servants should all be sent to jail for this crime against the people of Pakistan. We only trust Imran Khan.
It is indeed not surprising for us to see such allegations but the right path is to condemn such allegation by our action hence to Donate More For SKCH !
@observer: I agree with your view. If I understand it correctly, Pakistan's accounting standards are IFRS based which prescribes a mark to market treatment of investments as you mentioned. So far there is so much clamour, that not enough information is available on why auditor allowed the assets to be shown at the original value despite losses. I have not seen financial hedging documentation yet that would capture information on CDS. I am thinking as the issue opens up, more information will become available. However, I do know 3 things that give me confidence: the accounts were audited by Ferguson, which is a well known global auditing firm. Secondly, in post-2007 financial crisis world, auditing firms have become very risk averse and pay very close attention to the line item of investments on the balance sheet and always side on the conservative side of recording asset base. So unless there was something concrete backing it, Ferguson won't have allowed invested assets to be shown at full value. Thirdly, the firm undertaking investment had been business for good time and most likely would have learnt enough lessons in the mean time to know that you should always hedge against market movements (specially after 2008 financial fiasco) and that's why they gave the guarantee letter to SKMH.
@Khan:
"He has every right to defend himself with his past achievements if someone questions his capabilities and leadership qualities."
Of course, he has every right as you said, but there is a concept of 'compartmentalization', a human quality every successful individual possess. What he needs to do is to separate his cricketing and social achievements separate from his political ambitions. At political front, he should be able to defend himself with his political acumen and answer questions and offer solutions based upon the strategies he had devised to tackle the issues. However, he can use his achievements in other fields to his advantage by using innovative methods like donation campaigns, writing articles in the news papers, and live commentary etc., but without uttering a word related with politics and his party.
Charities and Investment Matters: A guide for trustees (CC14)
This article ought to give you a better understanding about the issues surrounding the investment of charity money in order to have a better idea about this debate.
For the record, I do not support nor intend to vote for PTI, but I believe that this issue ought to have been dealt with independently (non-politically) through the courts when the document was released and not from a political platform via the media after a lengthy period of time.
@Falcon
I do not know Pakistani Accounting Standards, but for the most of the rest of the world the Standards stipulate that all investments must be 'Marked to Market'. Which is essentially, how much the investment would fetch if the same were to be sold today. The story says “The investment crashed all of a sudden,” Khan admitted. And in such an event the devaluation MUST be shown as a loss and provided for.
However, it seems this has not been done in view of some promise made by the owner of the firm in which investment was made.To the best of my knowledge the only 'promise' that you can rely on comes from a Credit Default Swap or some such independently verifiable arrangement.Has this been done.
As you are an 'Auditor', your response will be more factual than the emotional babble going around.So please.
Imran Khan never held government positions like Sharifs and Zardari/bhuttos. Imran was never a PM or a CM. He did not have control over government funds and tax payers money. WE cannot compare them at all. The people can see that, the media should also be able to point this out clearly... This shows PMLN desperation, nothing else, as tehy can see the writing on the wall. PMLN already has taken 5 turn, no more InshAllah.
We have blind faith on great Imran Khan. Khawaja Asif as all PAKISTANI know that you and your dirty mind leader Nawaz doing this to D-TRACK the people of PAKISTAN. Now the time is past and this point in time PAKISTANI are with great IMRAN KHAN. SMKT Hospital build by the people of PAKISTAN and for the PEOPLE of PAKISTAN. KEEP GOING IK we are with you.
PMLN has shown its true color. Born and bread in the dictators lap, their leaders are not known to democratic value. It really force me to think that if they ever come to power then they will make life miserable for us. They can do any thing for power and institutes have no value for them.
For N-League and those affected by their malicious poisonous propaganda:
Definitions of Endowment Fund:
"The permanently held capital of a non-profit, income and/or principal from which is used to support ongoing projects and meet institutional opportunities." Source: www.americanheart.planyourlegacy.org/glossary.php
"A separate fund group for which the donor specifies that the principal (or corpus) is to be held in perpetuity. The principal is unexpendable, but is invested to produce earnings (such as interest, dividends and gains) that are generally available, in whole or in part, for current use." Source: http://www.uc.edu/af/policies/glossary.html
Many more at: http://nicedefinition.com/Definition/Word/endowment%20fund/endowment%20fund.aspx
@bayareaguy:
Dear Sir,
Your comments and sentiments are commendable and indeed you seem to be having great knowledge about the endowment funds and the use of Zakat money in it. However, may I point out that Mr. Imran Khan has specifically cleared this point in his statement on TV that the funds used in the endowment were donations from overseas and not the Zakat money.
I think Imran Khan is a credible person has to the best of my knowledge has not been accused or proven to be making wrong statements.
@bayareaguy: There are few updates that I wasn't aware of that I have come to know now. Firstly, how SKMH manages money, Zakat money is handled differently from donations. The money used for re-investment from endowment fund goes out of regular donations fund rather than Zakat fund. Zakat fund is purely for treatment of poor patients. Secondly, even for donation based funds, this was NOT a high risk speculative investment because the financial firm is under legal contract to compensate the funds back to SKMH along with profits (if any). So, SKMH has incurred no loss and that's why financial statements also show the full amount under assets. Believe me auditors are much more concerned about this stuff than you or I (how do I know this because I am myself an auditor). Lastly, please trust other Muslims and human beings. You seem like a great person. Do you really think that people will take money from you for a noble cause and spend so carelessly? End of the day even if you don't like IK for whatever reason, it is the poor people who will be suffering because of the lack of funds. There isn't a person I have heard of who got treatment from SKMH and wasn't happy with it. Its all because of people like you and SKMH team.
Imran khan dont worry everybody know the reality. Inshallah we will never stop supporting you and the instituitions you created. I am going to pay more this year. We only trust Imran khan that our money will be spent on the good causes. thank you Aimal khan leeds
I wish these people commenting here and others would hold their parties whom they vote for and their leaders to such high ethical and moral standards and scrutinize their earnings but no those are considered to be holy and unquestionable. Here we are majority non tax paying corrupt nation without knowledge of how a charity organization works scrutinizing with such great zeal this organization.
Not surprising that it gets dirtier the nearer we come to election date. As we are not governed by any specific rules defining what is decent and what is not that can be said, it will remain a free for all. It is time to lay down rules aiming to start respecting each other. . In substance the question raised by PML-N is not out of line, but a moot point, specially as PTI has been crying hoarse about transparency. Lahore Rally was the turning point. Suddenly PTI seems to have run into money. In fact instead of being stung, they should take this positively and bring the account books for public scrutiny. There should be nothing to fear. . Is it permissible under the rules, for funds collected for charity purposes, to be used for speculation in the property market? If not, PML-N is definitely barking up the wrong tree. However, it depends how morality is defined, diverting charity funds for speculation is felt as slightly "immoral". . What is CEC's stand on this? Eventually a legal ruling would be welcome.
shame on pml-n...
@Lala Gee: As mentioned earlier I am no fan of his politics or of any other political party as none of them have a manifesto that talks about real issues but yes He has every right to defend himself with his past achievements if someone questions his capabilities and leadership qualities. I for once would like people only vote a party if they are able to tell them what they will do about controlling over population, implementation of single curriculum and education system, Western border control and repatriation of millions of refugees, controlling chronic power shortages etc with real time updates each year of their term.
Ch. Allah Daad 9 hours ago Reply
Whenever some one is caught red handed, he or she calls it a foul. Nobody should be allowed to hide behind his or her charity work and build political career around
Shows PML-N supporters will sink to any lows to defend their sharifs. You can have your sharifs, just leave pakistan's poor cancer patients alone.
Could anyone enlighten me if Nawaz Shariff'd family has built any hospital, school, college or any other institution which could help the masses and the country. Shariff Brothers are muli-billionaire like Zardari and the same question goes to Zardari and family too. It seems most of the Pakistani politicians and even military generals take the money regardless how they get it and stash it in foreign countries and buy properties in London ,Paris and New York City and some prefer properties in Texas.
Mr. Khawaja Asif
I have just finished watching your press conference on the TV sitting here in Dallas and I am in shock and dismay. I do realize you come from a family whose elders had a prominent hand in the destruction of the democracy in Pakistan by being the right hand of Ziaul Haq. But It is shocking to see you go so low in your greed for political gains and ambitions that you have not hesitated to harm the innocent, sick children who benefit from the Shaokat Khanum Hospital that you will plan and execute your disinformation about the funds of the hospital in the holy month of Ramadan! Are you really a Muslim? Shame on you Sir!
Are there any decent members of PML-N courageous enough to rise to the occasion and condemn this verbal crime against humanity committed by Khawaja Asif and the other two cronies who were sitting with him during the press conference? Mushahid Ullah Khan has never shown his better side on any of the TV programs. He has always come across an illiterate man with ghunda mentality & has never shown any decency towards his opponent debaters any way. Hence his presence in the press conference is not a surprise. However Mr. Khawaja Asif, you have always come across a decent man until today. It seem like you have forgotten that it is the mouth from where normal human beings speak. Imran Khan, I am not a member of your party, ironically I was quite in favor of PML-N and if opportunity had prevailed I would have probably voted for them too. However after seeing the behavior of these prominent members of PML-N, I am now determined to work against these idiots to the best of my ability.
May Allah have his finest blessings on Shaukat Khanum Memorial Hospital. Inshallah the hospital will continue to flourish lending a helping hand to the needy. People of Pakistan are not bunch of fools. As a nation they might have made a few serious mistakes specially in picking the right leaders in recent times. However if anyone thinks the honorable people of Pakistan are not capable to see right through this conspiracy then he lives in a fool’s paradise.
Mr. Kamran Khan of GEO TV, thank you for conducting such a balanced program on this serious issue. Your questions were very appropriate for both the sides and I am confident that it has helped the cause of innocent and sick patients who rely on these funds to get treated. Funds which Khawaja Asif tried to deprive them. Khawaja Asif if you are really a Muslim and a man enough you will realize your grave mistake and then you should apologize to the patients of Shaukat Khaum Hospital and ask forgiveness from Allah SWT.
@123:
Do you bother to read or do you just reply to someone randomly? you sound some sorry racist kid.
shame on nawaz shareef and his team .can anybody tell me how nawaz shareef made property increasing rate 3600%.
Imran Khan, we know you're not corrupt; even your skeptics agree with that, so don't worry we all know it's a cheap pre-election tactic which is definitely going to backfire on PML-N.
khawaja asif and noon leaguers are just a bunch of cheapshots. They will even sell their mothers to get in power.
pti zindabad!
PTI supporters are no different than PPP Jialas. Both don't care how corrupt their leaders are.
@PTI trolls
Pay your taxes first and then talk about donations. Regards.
Noon league showed there aukaat today the people have decided tehreek to Cleen sweep
Cheap political stunt by servants of PML(N). I feel sorry for myself that there was a time when I supported PML(N). Hate PML(N) leadership for not stopping Kh Asif & Co. They don't fear Allah even and made filthy accusations in holy month of Ramadan.
Anyways, everything happens for good. I made twice more donation than last year. ;)
Can some one tell him that charity is not invested but is spend for the purpose it is collected. IK said in his statment that there are not enough funds for hospital so these investment were made for more money, not enough funds for treatment but enough for speculative investment? Are you stupid that you talk like this to people of Pakistan. Did IK tell theose who gave the charity that their donations will be not for people but for investment? Collection on the name of Allah for charity but doing business? Pay back all the lose from your pocket and get out of hospital management.
@Falcon: Zakat, charity collected on the name of Allah for poor people treatment, is kept offshore account, not on the name of hospital, but invested in speculative investment, kindly check the ethic of the collection, forget the law of the land and international. People are not told that their money is going to investment account for business. He is cheat, doing business on donation, hiding behind charity had not enough courage to invest his own money but hospital funds lost, he must pay back all 211 million back to hospital and get out of the management.
Sue them Imran for defamation!
We stand with you (regardless of whether we support your politics or not - on this case we are with you!)
Action speak louder than words. Keep your spirits high IK
big blunder by pmln!
PML N is dead scared of PTI and that is why they stoop so low. Shameless party. People are not stupid anymore to fall for this ploy.
@Ali: What work in Lahore you speak of? any residence of Lahore can confirm that the Kalma Chowk wali road has been rebuilt 3 times in last 1 year..pathetic poor planning, they invest our tax money to build a road, then they change plans, then they rebuild it again, then the plans are changed again and road is rebuilt again..looks like Ittehad steel is making good money on the 'sarya' being repeatedly ordered from our money.
The most disgusting act a sinking party can stoop to in order for securing some breathing space. I had a soft corner of 10% for PML-N, it's now 100% PTI.
@Falcon I totally understand how an endowment fund operates. My question is, does US laws allow money in endowment fund to be invested in high risk speculative investment through a British virgin island's off-shore shell company. I will appreciate your response. Also someone mentioned above, I donated money for Zakah purposes and it was not mentioned anywhere that it will be invested to generate more money. My Zakah is not for investment, no matter how great the cause is. There are very specific shariah laws about how Zakah money can be spent. Basically SKMT has damaged the trust of a lot of people by taking money as Zakah and investing it to create more money. That's the bottom-line.
Khwaja asif , Mushahidullah and chaudhary nisar are private workers of Nawaz league..they are faithful to the sharif dynasty..for their faith in sharif family..they dont give a damn for pakistani public..If their family member will get sick they will move them to the foreign hospitals for treatment..for ex. recently Nawaz sharif went to the Uk for treatmen..but atleast they should think about poor pakistani public and fear Allah. Where are these nawaz leagues conscience? I appeal to the pakistani common man to boot them out in next general elections who have plundered the nation and vote on the basis of your conscience and not on beradri or regional issues.
I'll be donating to SKMH even more this ramazan because PML-N tried to harm it. Shame on PML-N for even trying to drag SKMH into this and shame on us Punjabis for voting for them in the first place
I dont like IK as far as politics is concern but I belives that he is 200% true in terms of hospital. Keep it up boy/IK.
Well the amount posts just on this article show who will be the next PM of PAKISTAN INSHALLAH!!!! GO PTI the youth of pakistan is with you all the way and we will make sure these dirty good for nothing politicians do not mess with PTI's great intentions for our beloved country!!! Sharam karo PML N aur khuda ka khauf bhi!!!
@HolierThanThough: Apparently, they've received record sms donations thanks to Khawaja!!
Cheap tactics of Nalaik Leaque, I have decided to increase my donation amount for SKMT. This false allegations will Inshallah help SKMT to collect more donations
He did not answer the Accusation how on earth can you invest zakat money into equity funds and real state. This is a malpractice and a serious one.
Imran khan tell someone from Shukar khanum to explain it
@Mohd Butt:
I feel like banging my head against the wall after reading your comment. The charity fund is being invested in hope to earn more equity to bear future SKMH expense. That is the purpose of endowment funds. If people like you could understand it, Pakistan's economic condition would have been better.
@Khan:
How illiterate you can be!
Here is how endowment funds operate. Whatever the money they raise, that money is invested further to earn profit, in hope to multiply the current assets (cash) to bear future expense. IK said that investment was made to earn profit for the hospital since the collected amount was very limited to meet hospitals future anticipated expense.
This is how the banks operate. This is how any cooperation operate. If they run low on equity, they issue more stock (an other way of attracting investment capital).
What a shame that you people, typical illiterate Pakis, have no idea of how the SKMH is being run and just criticize IK for looting money. Can't you see patients being treated there? Are you so negligent to compare the cancer treatment cost of SKMH and the regular cost worldwide?
Alas these silly people will not understand the concept of an endowment fund. They view everything through their own criminal prism.
All my faith is with Imran Khan - a true leader!
@Khan:
"@Lala Gee: People like you implying that since allegedly SK Hospital’s money is invested elsewhere thus we must stop donation to hospital and close it down?"
Brother I didn't say anything like that in my comment; please read it again. What I said in my comment was a humble request to IK, for his own sake, to keep SKMCH and cricket away from his politics and refrain from mentioning these two in political debates. Every Pakistani knows his achievements in social sector and cricket, so there is really no need of mentioning them every time else it makes him look like as if he has nothing much to offer in political field and desperately trying to make up using his achievements in other fields. Also he should focus all his attention on devising strategies to solve the Pakistan's complex issues and base his politics on his party's manifesto. This would certainly portray his image of a mature politician, way taller than all the other oligarchs, who is serious in tackling the monstrous issues currently the country is facing.
shame on PML N for maligning SKMH
This year the zakat i am entitled to... all of it and more will go to Shaukat Khanum Memorial Hospital.
Thanks to the gente reminder by PML-N, the hospital needs the people of Pakistan more than ever.
@Sajid Khan: dont worry Zardari's prediction will come true and new CM will be from PPP :))
one thing... agar molvi galat kam kere to usko sza nahin,zyada sakht sza milni chahiye... the same goes for charity hospitals...BUT its sad that we had to see this day. .......and i am hopeful that SKCMH proves these alegations wrong - because its necessary. they must also show/tell the way the person made investment and didnt use it or his personal purposes - some ppl may raise fingers on this point as well
Well said Imran Khan. We Pakistanis will defeat PPP and PML-N and save our country from these two leeches.
ET if you can please convey the feelings expressed by the people to Khawaja Asif and demand on behalf of the nation to apologize from the management of SKMH.
IKF UK , who is Fauzia KAsuri in its list of contacts?
If SKMCH looses 3 million US $ 270 million Rs. plus in speculation in Dubai, that by its CEO , then why blame NLC for gambling in Stock Exchange?
Whither financial integrity?
Who is Chairman BOG SKMCH?
We all live in glass houses!
Zia Ul Haq party is split and in disarray. Good for PPP.
The only thing I will believe from PML-N is when they say "God is one". Thats because it is my own faith.
Very sad on the part of PML(N) who dragged a national humanitarian institute into politics which will ultimately be a loss of poor people because some insane people will hesitate to donate to SKM. NS should have stopped KA to play a dirty political motive.
Shame on PML (N). they done the same in 90s. they lauchned a compaign on one hand against IK in 90s and on the other hand they distributed the fabricated pictures of Benazir Bhutto as well to defame here. they are expert in this. they will go to any extent to get in power. InshaAllah Shaukat Khanum will keep on serving the people.
Please donate more money to SKMH for a slap on pmln, i did my share today.
@Mohd Butt: Read my message for bayareaguy...as I mentioned nobody on the non-profit side ever benefits from it. As for your question on surplus capital, all it means is that you have a rupee today but you are going to buy new healthcare equipment tomorrow, which is for PKR 1.20, so rather than leaving that one rupee in a bank where the value will decline by 9% (based on average inflation of 11% in Pakistan), you invest the money so that you can get PKR 1.20 tomorrow to buy the equipment. Hope this explains itself. It is called surplus today because today you need it TOMORROW rather than today. As obvious it not only prevents decline of money value but also brings additional profits that can be used for expanding non-profit operations. This is how non-profits across the globe work.
Mian brothers and their cohorts are flailing around to escape the destiny that is going to overtake them. That they had to stoop this low to malign an institution that has made Pakistanis proud makes them all the more despicable in the public's eyes. Inshallah, this Ramadan SKMT will receive even more donations.
Why can't we keep our personal hatred beyond national interest. Doing a press conference to malign such a charity institution is shameful. The same party also went after IK's wife in the early years. InshAllah we trust our public who can see through the cheap politics and realize that how much IK has done for this country. Hope they don't go after Namal institution next.
Mian brothers and their cohorts are flailing around to escape the destiny that is going to overtake them. That they had to stoop this low to malign an institution that has made Pakistanis proud makes them all the more despicable in the public's eyes. Inshallah, this Ramadan SKMT will receive even more donations.
PML N is now getting desperate. You can not defame a person like Imran khan, he is like an open book, you and your Mian Shareefs have skeleton in your closet.
Can someone upload the video of poor mother whose son was treated and cured for free in SKMH. Its on youtube. mother day special with imran khan on GEO tv. its realy touching video.
u can take this to the bank my dear...
@bayareaguy: Do you have any idea about how non-for-profits and endowment funds are managed? All universities, pension funds, churches invest in endowment funds because they are trying to grow their funds for operations until they can plow them back into business. US law itself provides provisions for that. That is why pension funds were recently allowed to invest in private equity (which is a much more risky asset class than real estate). Lastly, please understand that other than the wealth manager from the financial manager who might be managing an investment portfolio, nobody on the non-profit side gets to benefit from excess returns.
@Mirza: well said Mirza sahib.
We have decided to double our donations to skmh and pti. INSHALLAH.
@Falcon: He says not enough funds that is the reason of investment and you says surplus funds are invested, kindly read his statment please.
donations stopped coming in after PML-N created similar doubts,” he said.
What is exposed is cheating, you are doing it time after time and not changing, again and again coought and the blaming the others why they catch you. Want to do business invest your money, not money collected on the name of Allah for the people from the people of Pakistan, Mr. Clean cheat.
@Mohd Butt
You need to educated youself all charities and even pension funds invest the donations thats standard practice. Anyway the more you guys talk the more I get to donate to SKMH and PTI :)
Lala Gee makes a valid point. Since Imran has tried to capitalize on SKMCH, for his political ambitions, he should not be surprised if the organization's transparency is called into question by his political opponents. Also since he makes unsubstantiated accusations on his opponents' honesty, he should not be surprised when his opponents make some accusations.
I normally tend to agree with @sabi and @Imran CON but not on this one. PML-N was within its rights to question SKMCH operations but in this case Imran's explanations are fairly straight forward and clear. As Imran stated 35% of SKMCH's funds are raised from overseas Pakistani. It is those funds that were used to create an endowment fund - so it is incorrect to describe this as money laundering. Money laundering transactions are never found on balance sheets. Some other points raised by Khwaja Asif have not been addressed though.
As a non-Pakistani I have no say in who is elected in Pakistan. Only Pakistanis can and should decide that. I am simply giving an opinion about this specific allegation and its rebuttal not about any party or its merits.
I used to donate part of my Zakah money to SKMH but this time I had severe doubts about the credibility of my money being used for what it was donated. I was not sure how these big jalsas are funded. IK himself made this hospital controversial by using it as a launching pad for his political career. I am amused by the web warriors responses. IK himself admitted that whatever KA mentioned is from the balance sheet so why you guys are crying over. I guess IK was not left with anything else but to admit his failure. One thing I am incensed about is that all my donations in USA which I thought were being used to cure people were invested/gambled in off-shore dubious properties. I am not sure but if any legal mind in US can comment if this can become a lawsuit over here because if you are running a non-profit 501-3c institution in US, for which donors can claim tax deductions, you cannot use the proceeds for investment.
Medical bills were paid from the charity of pakistanis not from IK pocket, you must be thanksfull to Allah and people of pakistan, the hospital help people like you to collect more money from people, you are used as showcase. Otherwise they are doing business with charity money. Collected on the name of Allah but doing business. Shame, shame,
Nice try IK, are you telling doners that their charity will be invested? You ask on the name of Allah and hospital then use it for, investment. Never had enough money to pay for the hospital treatment but had enough to invest in speculative business? What a shameless person and shameless explanation.
I will donate even more now to SKMH after this cheap attempt by PMLN of maligning Imran Khan and his Political Stature
I will donate even more now to SKMH after this cheap attempt by PMLN of maligning Imran Khan and his Political Stature....
I have watched IK press conference, his body language was self explanatory and it clearly looks that he is honest man. I have firm believe in Imran khan. Shame on kwaja asif, shame on all PML-N leaders
Great at least IK do admit that hospital funds were used in Dubai property business, he also accepts that losses were there. Now owners promised that losses won't incur on investments. Is there anyone who would be kind to explain what is IK trying to defend? Money was invested, money was lost (both incidents in Dubai) so why get upset with K. Asif? He also pointed to same direction. Money collected under charity label n then used in politics or otherwise, well it's a cronic problem n practically (if not all) most political n non-political organization involve in this.
Khawaja Asif is a clue-less guy. Every big non-for-profit organization (including universities and pension funds) invest surplus capital in specific asset classes to keep the value of money from declining. This is especially true for high inflationary environments such as Pakistan where such organizations might end up investing in international assets. I agree that there should be more rigorous controls around the investment process so that investment is restricted to low risk asset classes, but that is a separate issue altogether. Dragging IK into it, who is not even on the investment board is a pathetic attempt by PMLN to defame PTI and SKMH.
@Lala Gee: People like you implying that since allegedly SK Hospital's money is invested elsewhere thus we must stop donation to hospital and close it down? I wouldn't care if I.K or SKH eats up 90% of charity it receives as it has saved millions of lives for free and will continue to do so. What has NS given to us for Qarz Utharo scheme ? I.K sure has done many times more than our so called elected PMs & Dictators who's assets are in $billions now. P.S I hate I.K's political policies but this is utterly shameful to see people criticisms his charity work or honesty. In our 65 years of history we can be proud of only three people 1- Abdul Sattar Edhi 2- Imran Khan 3- Dr Abdus Salam.
My thoughts were very positive for Khawaja Asif before this act. He have lost his respect today by taking SKMH in politics...shame on whole PML-N..and also it showing, how PML-N is afraid of Tusnami.
@Imran Con: May be you need to read this?
Invested abroad and still not lost it? you are lying.
@PhD_Norway i wish I could recommend/like your comment a 1000 times :) Good one!
Allegations by PML-N brought me one step more closer to IK. Alhamdullilah donated via my mother and just denoted online as well. I can bet who so ever will see this creep by PMLN, he will donate again and much higher to SKMH
K Asif, thanks for the reminder, I am going to pay my Zakats to SKMCH. I Trust you Mr. Imran.
I am disgusted by what Khawaja Asif has said. What a cheap defamation campaign.
These malicious allegations were highly unwarranted. SKMH treats people of pakistan irrespective of whether they are from PML, PTI, PPP etc. Shameful act by PML-N .
PML (N) and PTI should instead have joined hands to mitigate pangs and plight of our nation. Today Zardari should be the happiest man in Pakistan. Cold war between PTI and PML (N) shall only benefit PPP and no one else.
"Lamenting that the PML-N dragged a welfare institute into the mud of politics, Imran said the finger-pointers should have attacked him but not the hospital." What are you doing mr Imran Khan in this mud of politics You are a bowler and use to bounce at others but not used to face bouncer from others I can feel your pain.
Shame on you Khawaja Asif!
“The investment crashed all of a sudden,” Imran admitted, but, said, the owner had promised them that they will earn profit on the investment and will not incur losses.
The Principles of Accounting state that investments must be valued at Market Price. If the investments have been devalued then a loss MUST be stated in the balance sheet. The statements of the 'owner' of the investment have no value in accounting.
People who have never donated a penny to SKMH will now come out in drove to donate, this is an excellent marketing for SKMH. N-League just shot themselves in the foot.
What really forced Kh. Asif to do this press conference is the fact that yesterday Imran collected 4 crores from his city Sialkot. Kh. Asif is doomed, he is a "dead" heavy weight of PMLN like the rest of their leaders.
Bravo Imran Khan! This mudslinging by PML N or any other political party is just another dirty tactic to deter your from your cause to liberate Pakistan from these parasites
IK! you just carry on your good work, bless you
@Imran Khan:
"Lamenting that the PML-N had dragged a welfare institute into the mud of politics, Imran said the finger -pointers should have attacked him but not the hospital."
I remember it was rather you who brought SKMCH into politics when you used it to further your political goals by mentioning it endlessly. You should have better known that getting political mileage using SKMCH will involve it in a dirty game of politics which ought to hurt this charitable institution by the unscrupulous politicians. Please get mature and keep your politics away from SKMCH and cricket and base it on your party's manifesto. That will better serve you and the country.
"PTI chairman says money was invested abroad but losses were not incurred by the hospital." "Answering the accusations point by point, Imran said the money never went abroad" Which is it?
PML-N would not have to go down to this level if they gather support by actually doing some work in Punjab (other than Lahore). Punjab is more than Lahore but PML-N's Punjab starts and ends in Lahore. It is sad that a Free hospital will be deprived of well deserved donations because of these corrupt politicians who will do anything to come in power. Sad!
“The investment crashed all of a sudden,” Imran admitted, but, said, the owner had promised them that they will earn profit on the investment and will not incur losses."
Who is this Mr. Haideri ? He seems to be still conning by promising profits on money he has already lost. Seems daft. Bad choice. Take him to court in Dubai. Lost money will reappear immediately.
Whenever some one is caught red handed, he or she calls it a foul. Nobody should be allowed to hide behind his or her charity work and build political career around it.
Nawaz and Shahbaz Sharif want shaukat khanam to fail and pakistani cancer patients to die.
Bravo Imran Khan, Bravo.
Jiay Imran!!!
umm.........i am speechless.......is PMLN saying that losing money in the stock market is money laundering...........
I work for a financial service firm that specializes in what Imran Khan seems to have done. Every large not for profit company does this, they create an Investment company oversees and invest their money their rather than keeping it in the the bank at zero percent return. Most of the times the investments are conservative, I assume Imran Khan used a company based in Dubai and with recent collapse of the Dubai Real Estate market he lost a lot of money. Agha Khan Hospital, Red Cross, and almost every other large organization does this type of investing. Any not-for-profit NOT doing it is being unfair to its donors.
May Allah show these politicians the righteous path and stop misguiding the public.
I totally trust what Imran Khan said
Grow up Nawaz Sharif ... For GOD sack forgive this nation and leave only cancer hospital of Pakistan.
I have firm belief in Imran Khan's anti cancer initiative. Some political forces are confused over his sudden rise and therefore trying to hit him below the belt. Shauket Khanum hospital is an institution par excellence and should be kept away from politics.
IK: do not even worry, we wont let them fool us like they did in 1996.
It would be prudent and fair for PTI and IK to take the matter to the independent judiciary for liable. As both parties trust the courts, let the truth come out and expose the lies. This is the only fair way for the truth to come out and the culprits punished.
Imran Khan's prompt and pointed rebuttal makes the PML-N and Khawaja Asif look like fools.
I doubt whether Imran Khan can solve most of Pakistan's problems and he has too much religion for my taste, but he is without doubt one of the very few clean people in the very dirty business of Pakistani politics. Respect to him.
Khwaja Asif - here's the facts based answer -- in your face! One more reason why PML-N has started disgusting me...besides Shahbaz Sharif there's pretty much nobody else left praiseworthy.
Pity for PML-N for this level of politics.
Thumbs up for Imran Khan !!
100 percent agreed with IK..PML N can even harm pakistan for there politics..and thanks to Khuwaja asif...yesterday I thought of giving 20K in zakaat to SKMH..but because of his vomit people are donating more to SKMH..they are digging there own grave,...
I never had and still don't have any doubt on the credibility of Imran Khan and the institutions he has built. PLMN is so furious that they are trying everything, even such shameful attacks on a hospital that remains the last hope to many cancer patients of the country, just to get sum political edge. Shame on you Khwaja Asif and PML-N leadership. I don't know how their inner allows them to do such things.. maybe their minds and hearts are sealed. Imran Khan rightly said that they can even harm Pakistan to get into power.. more respect for Imran Khan. PLM-N, my family used to be staunch supporter of this party, but now they have damaged their image to such an extent from where there is no coming back.. my and my family's vote for Imran Khan.
PML(N) completely lost their senses. For its dirty propaganda, they are destroying the credibility of the international standard hospital, and destroying the future of poor people of Pakistan. Despite of its dirty propaganda, still i trust SKMCH, and donated to it in this ramazan.
Imran should serve him a legal notice regarding the harm caused by Khawja Asif who has forgotten the "Qarz Utharo Mulk Sanwaro''......
All political leaders can go up to any extent just for the sake of grabbing power.
The take votes to serve the masses but in fact they are elected to rule the nation.
We need to first decide as who is the master and who is the slave?
The public servant's also think that they are the masters but they do not know that once the masses stand under one umbrella they can climb the highest wall and knock down any thing.
Shame on Khawaja Asif for smear campaign against Imran Khan & SKMH
it is dirty politics and shameful act . If this conspiracy impacts SKMT funding then conspirators real suffer would be poor cancer patient whose treatment might be effected due to lack of funds.
Brave man is Imran for coming into politics. These people's desperation knows no end. Too bad for them you can't defeat somebody who dreams so big.
Shame on you PML, what a cheap shot. At least Imran has build a hospital with money and haven't taken it abroad like you...
Shame on you again.
True leader... we belive you IK... what you have done for the country and her people, their whole generations cannot do