PTI is the richest Pakistani political party, says ECP record of assets
- By Web Desk -
- May 07, 2019
ISLAMABAD: Ruling Pakistan Tehreek-e-Insaf (PTI) emerged as the richest political party of the country as the Election Commission of Pakistan (ECP) released details of the assets of 81 political parties, ARY News reported on Tuesday.
After PTI, Pakistan Muslim League-Nawaz is the second richest among the political parties of Pakistan. Pakistan People’s Party holds third position in worth of assets.
According to the election commission, PTI owns assets worth Rs316.6 million. The party’s fortunes received a boost of Rs220 million in one year, the ECP disclosed in record it released.
A certificate from the party states that the PTI did not receive any funding from any prohibited source. The PTI received Rs65.8 million funds from Overseas Pakistanis. It got Rs49.2 million funds from the Overseas Pakistanis settled in Britain alone.
The party also received Rs12.6 million donations from the compatriots living in United States, according to the details released by the ECP.
The PTI has also declared its six bank accounts to the ECP.
Former ruling party PML-N have assets worth Rs253.377955 million. The party earned an amount of 119.7 million from issuing party tickets for elections. The PML-N financial fortunes increased by 20 million in a year.
The PPP have a bank balance of over Rs.167 million and it received an amount of 93.7 million while issuing tickets to the party’s election candidates, the ECP details suggest.
Pakistan Muslim League-Quaid (PML-Q) owns assets worth over 49.9 million rupees, according to the ECP details. Religio-political party Tehreek-e-Labbaik Pakistan have assets worth five million collected in donations from members and sympathizers.
Shaikh Rashid led Awami Muslim League is the poorest among Pakistan’s political parties with assets having worth of 1,38,000 rupees.
Jamaat Islami have financial fortunes to the tune of Rs106.3 million, while MQM-Pakistan have a financial worth of Rs17.5 million, the record released by the ECP said.