MQM richest political party with Rs210.88 mn income in 2013-14: ECP
ECP released details of political parties' assets for the financial year 2013-14.
ISLAMABAD (Web Desk) – The Election Commission of Pakistan (ECP) on Tuesday released the audited details of the political parties’ assets for financial year 2013-14.
According to Article 13 of the Political Parties Order 2002, political party must submit the details of chartered accountant audited consolidated statement of party accounts to the ECP.
Under the law, a political party is bound to provide information about annual income and expenses, sources of its funds, assets and liabilities within 60 days from the close of each financial year.
According to ECP, Muttahida Qaumi Movement (MQM) was richest political party with total income standing at Rs210.88 million during the financial year 2013-14.
In its statement, the MQM has revealed that 210.21 million rupees were collected through donation and funds.
The ruling PML-N`s income was Rs10.67 million whereas the expenses were 30.07 million rupees. It has total assets worth Rs70.47 million.
The PTI has expenditures of Rs160.17 million while the income was Rs100.27 million. It has Rs90.15 million in its bank accounts.
The Pakistan Peoples Party (PPP) income was Rs10.45 million while the expenses were Rs20.54 million.
Pakistan Awami Tehreek s (PAT) income was Rs800,000 and the party spent Rs3 million during the entire financial year.
