Ruling PTI richest party in Pakistan

Election Commission of Pakistan (ECP) on Monday released details of assets owned by the political parties in 2018-19.

Out of the total 125 political parties registered with the commission, only 82 of them had submitted the records.

The ruling Pakistan Tehreek-i-Insaf (PTI) topped the list with assets worth Rs225.3 million, despite its losing assets worth Rs90 million during the year.

PTI Chairman and Prime Minister Imran Khan submitted an affidavit with the commission that the party has received no funding from prohibited sources, saying that its expenses have crossed the revenue collection.

The PTI submitted expenditures of over Rs508 million during the year.

The Pakistan People’s Party Parliamentarians (PPPP) said that it possesses a bank balance of Rs160 million which also included Rs13.5 million of the party funds it received.

The total number of assets held by the party is worth over seven million rupees.

“The party spent an amount of Rs20 million as compared to an income of over five million rupees,” the ECP said citing the party’s affidavit.

Pakistan Muslim League-Nawaz (PML-N) reported its expenditures higher than the income generated during the year, as the party disclosed assets worth over Rs80 million.

The party incurred an expense of Rs200 million during the year 2018-19 against Rs15.5 million income.

Railway’s Minister Sheikh Rasheed Ahmed’s Awami Muslim League (AML) is among the poorest parties as it owns only Rs 0.25 million, while the Balochistan Awami Party (BAP) too has a bank balance of just Rs 0.231 million.

Pakistan Muslim League-Quaid (PML-Q) has assets of upto Rs49.9 million, just above the Muttahida Quami Movement-Pakistan (MQM-P) that possesses assets worth Rs41.9 million.

The Jamaat-i-Islami (JI) declared party assets worth over nine million rupees.