Believe it or not: PPP claims spending a meagre Rs348 in a year
PML-N, PML-Q are no lavish spenders either by their own accounts.
The ruling party claims that it does not hold any immovable property anywhere in the country.
ISLAMABAD:
The Pakistan Peoples Party is among the poorest of the political forces in the country – that is, if its statements of accounts and liabilities submitted to the election commission are to be believed.
Registered under the name of Pakistan Peoples Party Parliamentarians with the Election Commission of Pakistan (ECP), the ruling party claimed it does not hold any immovable property anywhere in the country.
The party’s bank account showed a balance of Rs435,745 during the financial year ending in June 30, 2010, out of which it spent only Rs348 during the whole year. The PML-N, on the other hand, had a balance of Rs7.4 million the same year.
These statistics were submitted on oath by political parties in their annual statement of accounts and liabilities to the Election Commission of Pakistan under the law – a mandatory requirement for every registered political party.
According to the Political Parties Order, 2002, every political party has to submit a consolidated statement of its accounts duly audited by a chartered accountant, 60 days before the closing of the financial year.
The ECP, under the law, has to make these statements public every year.
Signed by Prime Minister Raja Pervaiz Ashraf, who is also the secretary general of the PPP-P, the party submitted in its statement that it also had only Rs435,397 as its closing balance in the year ending June 2011, out of which it did not have to spend a single penny throughout the year.
PML-N
Signed by its chairman Raja Zafarul Haq, the Pakistan Muslim League-Nawaz statement claimed that it owns a house on Margala Road in Islamabad worth Rs24.64 million, while it had Rs7.4 million in its bank account in 2010.
With its Punjab chapter, the party had Rs1.3 million as opening balance in its account at the start of the 2009-10 financial year. It received Rs4.4 million in its account during the year and spent Rs1.9 million with a closing balance of Rs3.9 million on June 30, 2010.
The party claimed that at its Sindh chapter, its office building at the Karsaz Road in Karachi was worth Rs50 million, and has Rs558 in its Sindh bank account, out of which it spent nothing during the whole year.
At its Khyber-Pakhtunkhwa chapter, the party had Rs146,048 in its bank account, out of which it spent Rs30,000 and that too as fee for its chartered accountant.
For the financial year 2010-11, the party had total assets worth Rs33.50 million at its Islamabad office, including the house in Islamabad worth Rs27.1 million and Rs6.3 million in its bank account, out of which it spent Rs75,000 as audit fee.
At its Punjab chapter, the PML-N had Rs3.63 million in its account, while, interestingly, the party claimed it does not own any property at its base in Lahore.
PML-Q
The Chaudhry Shujaat-led Pakistan Muslim League-Quaid (PML-Q) claimed that it has total assets worth Rs51.9 million, according to its statistics. The party spent Rs11.9 million during the financial year 2010-11.
Interestingly, the PML-Q also stated that it owned the same house on Margala Road that the PML-N mentioned in its statement.
The PML-Q, however, valued this property at Rs. 23.6 million – approximately Rs4 million less than what PML-N claimed.
PTI
Imran Khan’s Pakistan Tehreek-e-Insaf in its statement submitted to the ECP claimed that it had immoveable assets worth Rs4 million by the end of financial year 2011. The most expensive asset it owns is electronic equipment worth Rs2.4 million. According to statements, the party has Rs32.62 million in its bank account of which Rs32.09 million was contributed by Imran himself.
AML
Sheikh Rasheed Ahmed declared that his party the Awami Muslim League has assets worth Rs57,000 only. These included furniture, computers and office equipment.
Published in The Express Tribune, January 10th, 2013.
The Pakistan Peoples Party is among the poorest of the political forces in the country – that is, if its statements of accounts and liabilities submitted to the election commission are to be believed.
Registered under the name of Pakistan Peoples Party Parliamentarians with the Election Commission of Pakistan (ECP), the ruling party claimed it does not hold any immovable property anywhere in the country.
The party’s bank account showed a balance of Rs435,745 during the financial year ending in June 30, 2010, out of which it spent only Rs348 during the whole year. The PML-N, on the other hand, had a balance of Rs7.4 million the same year.
These statistics were submitted on oath by political parties in their annual statement of accounts and liabilities to the Election Commission of Pakistan under the law – a mandatory requirement for every registered political party.
According to the Political Parties Order, 2002, every political party has to submit a consolidated statement of its accounts duly audited by a chartered accountant, 60 days before the closing of the financial year.
The ECP, under the law, has to make these statements public every year.
Signed by Prime Minister Raja Pervaiz Ashraf, who is also the secretary general of the PPP-P, the party submitted in its statement that it also had only Rs435,397 as its closing balance in the year ending June 2011, out of which it did not have to spend a single penny throughout the year.
PML-N
Signed by its chairman Raja Zafarul Haq, the Pakistan Muslim League-Nawaz statement claimed that it owns a house on Margala Road in Islamabad worth Rs24.64 million, while it had Rs7.4 million in its bank account in 2010.
With its Punjab chapter, the party had Rs1.3 million as opening balance in its account at the start of the 2009-10 financial year. It received Rs4.4 million in its account during the year and spent Rs1.9 million with a closing balance of Rs3.9 million on June 30, 2010.
The party claimed that at its Sindh chapter, its office building at the Karsaz Road in Karachi was worth Rs50 million, and has Rs558 in its Sindh bank account, out of which it spent nothing during the whole year.
At its Khyber-Pakhtunkhwa chapter, the party had Rs146,048 in its bank account, out of which it spent Rs30,000 and that too as fee for its chartered accountant.
For the financial year 2010-11, the party had total assets worth Rs33.50 million at its Islamabad office, including the house in Islamabad worth Rs27.1 million and Rs6.3 million in its bank account, out of which it spent Rs75,000 as audit fee.
At its Punjab chapter, the PML-N had Rs3.63 million in its account, while, interestingly, the party claimed it does not own any property at its base in Lahore.
PML-Q
The Chaudhry Shujaat-led Pakistan Muslim League-Quaid (PML-Q) claimed that it has total assets worth Rs51.9 million, according to its statistics. The party spent Rs11.9 million during the financial year 2010-11.
Interestingly, the PML-Q also stated that it owned the same house on Margala Road that the PML-N mentioned in its statement.
The PML-Q, however, valued this property at Rs. 23.6 million – approximately Rs4 million less than what PML-N claimed.
PTI
Imran Khan’s Pakistan Tehreek-e-Insaf in its statement submitted to the ECP claimed that it had immoveable assets worth Rs4 million by the end of financial year 2011. The most expensive asset it owns is electronic equipment worth Rs2.4 million. According to statements, the party has Rs32.62 million in its bank account of which Rs32.09 million was contributed by Imran himself.
AML
Sheikh Rasheed Ahmed declared that his party the Awami Muslim League has assets worth Rs57,000 only. These included furniture, computers and office equipment.
Published in The Express Tribune, January 10th, 2013.