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Business

ECP issues 81 political parties’ accounts statements 2017-18

ISLAMABAD: Election Commission of Pakistan (ECP) on Tuesday issued statements of accounts for the financial year 201

07 May 2019

ISLAMABAD: Election Commission of Pakistan (ECP) on Tuesday issued statements of accounts for the financial year 2017-18 submitted by 81 registered political parties with the commission.

According to ECP, these political parties have filed their statements of accounts in accordance with the procedure prescribed in Rule 159 of the Election Rule 2017.

It added Section 210 of the Election Act, 2017 provides that a political party will submit with the ECP, within 60 days from the close of a financial year, a consolidated statement of its accounts audited by a Chartered Accountant on Form-D containing annual income and expenditure, sources of funds and assets and liabilities.

As per details, the total income of Pakistan Muslim League (N) as at June 30th 2017 was Rs 27,809,390 while by June 30th 2018, the total income was Rs 125,836,956.

The total value of assets as at June 30th, 2017 of PML (N) was Rs 222,116,406 and Rs 253,377,955 as at June 30th, 2018.

The expenses of PML-N in year 2017 was Rs 30,125,297 while in year 2018 it was Rs 48,236,407.

The total income of Pakistan Peoples Party (PPP) for the financial year 2018 was Rs 5,005,858 while the total expenses were Rs 19,899,267.

The net balance on the close of the financial year 2018 was Rs 143,565,038 while the total value of assets on the close of year 2018 was Rs 6,927,996.

The total income of Pakistan Tehreek-e-Insaf for year 2017-18 was Rs 595,054,335 while the total payments for the year were Rs 35,328,684 besides payments of fixed assets as Rs 7,103,500.

The total value of assets on the close of year 2017 was Rs 99,538,600 while by June 2018 the figure was Rs 316,693,490.

The total value of liabilities as on July 1st 2017 was Rs 10,431,837 while as on June 30, 2018 it was Rs 92,950,591.

Copyright APP (Associated Press of Pakistan), 2019