The ruling party claims that it does not hold any immovable property anywhere in the country.
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.
COMMENTS (24)
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To all those PTI trolls who are saying that how come PML-N has 558 in their sindh bank account. Do you mind explaining how rest of the PTI only chipped in 0.6 million? lol thats hilarious that they wont talk about that.
@Usman: Hahaha!! You are hilarious. I bet the PTI uses "junoon" and "passion" to fund all the marches and billboards and adverts and salaries. Amazing how Imran Khan is tapping into the lower IQ of this country. Hail Imran, The Great Leader
Some are better at hiding it than others, that's all
hahahaahhaha...I hope I dont get heart attack hahahahaha.....
Party bank account is just a fulfilling formality of election commission......parties are being not run properly...
I believe this, because the nation's treasuery is from where they spent.......and its empty.
*their balance
@Tribune in what unviserse do ppl calculate expenses by simply subtracting balanace at the start of the year from balance at the end of the year? what if there balance at the end of the year is more than Rs. 435397? does that meant they spent in negative?
Rest was spent from my taxes.
@O2: I fully agree. It is Fakhruddin Ibrahim who is at complete fault. They guys talk so much about rule of law but actually they dont want to see democracy prospering.
If this is true then I wonder from whose pocket these political parties have been carrying out advertising camping worth BILLIONS of rupees in these 5 years ?! I guess from the taxpayers money, what is ECP doing? Fakhru jee you were so vocal about implementing rule of law, what has happened to you after your nomination as an Election Commissioner?
Pakistan must for get the motto, "Unity. Faith, Discipline," and instead adopt, "Whenever I find the key to success, somebody changes the lock"……....Anon
After the founding fathers, today's politicos are the biggest blackguards and scoundrels who should be put behind bars and the keys thrown away.
For a party that has been on the political topography from 1967 and with the exception of its founder, filing a written declamation to the Election Commission of being impoverished is a statement blackguarding the intelligence of the common man. We just have to ask the SBP to release the list of political loan write-offs for the past twenty years, the FBR to publish the list of politicians who do NOT have NTNs, Interpol to trace out the wealth of crooks, the NAB and FIA to publish the list of corruption cases settled, proceeding and under investigation. As for the rest of the parties, especially the PMLN and PMLQ, the less said the better because a new day has started.
Salams for 2013.
@Shami Lahori So, you think that the Rs.558 in the Sindh chapter of PML N is actually true? Seriously? Open your eyes man! No expense in the Sindh chapter? Rs.30,000 in KP? Kuch Khuda ka khauf khao !!!
Democracy, what is it good for? Absolutely nothin'!
PPP is the most liberal progressive party in the country which all Pakistanis should support otherwise religious fundamentalists will hijack the whole nation
Haha, perhaps they could teach this "austerity" and financial management to our Indian leaders. Spending less than Rs 1 a day might reduce some of our debt.
FBR wake up and tax them. Unless foreign aid is stopped for Pakistan,low tax collection and these things will keep on happening
Also who in PMLN have declared their assets honestly? Can you ever even imagine Nawaz Sharif holding inter party elections? Never. Its a family limited company and people should give credit to PTI for being the harbinger of the change they always talk about. First time ever in the history of the country a party holds elections for all its echelons. PTI will bring the revolution in Pakistan in true sense. Long Live PTI
PTI is the only true party left in Pakistan. PML N only declared 10 percent of their total spending. I hope Imran Khan sweeps next elections. All Pakistan's hopes are pinned on that one great leader. PTI zindabad
@Express Tribune What about MQM?. Why MQM did not showed any assets?
@Usman: According to this report PTI has Rs32.62 million in its bank account of which Rs32.09 million was contributed by Imran himself. This means that only .53 million have been contributed by the whole PTI community around the world???. In reality UK PTI have contributed more than 10 million alone and American PTI workers have gathered millions but where all the money is gone as nothing is showed in Accounts. Dont fool the nation by fake rhetoric when something fishy is going on in PTI accounts for a longer time right now. ???. All in my view so called parties of change like MQM, Qadri and PTI are as fake as any Pakistani in terms of honesty.
@Shaami Lahori: Umm, actually PML-N have only declared a fraction of what they actually own, and a lot of their holdings are actually Govt. of Punjab fund which they use with a free hand for political activities whenever they wish. .
PTI on the other hand has declared all its assets (including on its website) considering there is a sizeable overseas Pakistani community that donates to them. I don't find anything unbelievable in the PTI declaration of assets. PTI is a party of youth, and youth may not have money, but they have passion and Junoon.
They got lot of taxpayer's money, loans and grants. I am surprised how they even spent Rs 348.
LOL....freaking joke.
PMLN seems to be the better one as they are declaring some of their Assets and I am shocked by the way PTI a flag bearer of change is concealing their money for a longer time right now. Rabia Zia had rightly said before leaving PTI that PTI is hijacked by Some people who are stuffing their pockets and millions of rupees coming from American, Middle Eastern and UK PTI chapters are somehow nowhere to be seen and it is a huge question mark where the money is going right now???. How come All PTI members have contributed less than 0.6 million and Imran Khan from his own pocket have contributed 32.06 million????? As far as PPP is concerned we dont expect even Rs 400 to be shown by them.