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—File Photo.

ISLAMABAD: With no income and no fixed assets, the Pakistan Peoples Party-Parliamentarians (PPP-P) is by far the poorest political party in the country, according to the financial statement submitted by it to the Election Commission of Pakistan (ECP).

The details of financial standing and statement of assets of political parties released by the ECP on Thursday for the fiscal year ending on June 30, 2012, shows that the PPP-P has only Rs435,397, which includes Rs5,997 cash held by its finance secretary and Rs429,400 in its bank account.

The statement of accounts submitted by the party’s secretary general and former prime minister Raja Pervez Ashraf says the party spent nothing, except Rs348 during the whole fiscal year ending on June 30, 2011.

The address of the party’s central secretariat has been changed to F-6/1 from G-6/4 because the G-6/4 office is undergoing renovation.  In contrast, the PML-N is the wealthiest party in terms of assets.

According to the statement submitted to the ECP, the party has assets spread across the country valued at Rs80.3 million and its closing balance for the fiscal year 2011-12 was Rs53.19m.

The PML-N started the year with a balance of Rs6.4m and the inflows of its four provincial offices and central secretariat was Rs77m.

The total nationwide expenditure of PML-N during the year was Rs30.3m, and major expenses included Rs3.5m on catering services and Rs4m on printing and advertising.

The PML House on the Margalla road in Islamabad is shown in the list of PML-N’s assets, although the building is in possession of PML-Q which has also listed the building in the list of its assets.

The PML-Q established its office in the building before the 2002 elections when the Sharif brothers were living in exile in Saudi Arabia.

A PML-Q statement, submitted by its secretary general Senator Mushahid Hussain, says the opening balance of the party was Rs72,270 and its total inflow in the year 2011-12 was Rs12.52m, whereas expenditures amounted to Rs12.4m, leaving the closing balance of Rs154,732. The main expenditures included security arrangements worth Rs1.08m and entertainment amounting to Rs561,099.

Net assets of the party are worth Rs51.47m, including the party offices in Islamabad (Rs23.61m), Lahore (Rs24.28m) and the PML House in KDA scheme-1, Karachi (Rs1.2m).

The Pakistan Tehreek-i-Insaaf (PTI) also is a rich party with massive circulation of money during the year. The party gained Rs2.13m from the dollar-rupee parity during the year.

The opening balance of the party was Rs4.17m and it ended the year at Rs37.82m on June 30, 2012. The party had incomes of Rs179.25m in 2011-12 and expenditures amounted to Rs145.60m. It has assets worth Rs50.07m.

Another party with a huge annual turnover is MQM with inflows amounting to Rs316.08m. Expenditures of party in 2011-12 were Rs316.39m.

The MQM had Rs4.08m in its account at the start of 2012 which declined to Rs3.7m at the end. The assets owned by MQM are worth Rs19.78m.

Jamaat-i-Islami has net assets worth Rs1.85m, with a closing balance of Rs755,052. The JUI-F has net assets of Rs1.14m. The ANP has total assets of Rs58,369 and its yearly expenditure was Rs15,637.


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Comments (11) (Closed)


Syed
Mar 29, 2013 01:22am
Poor PPP. They dont even leave any money in their party accounts.
Riaz
Mar 29, 2013 02:35am
PPP is the poorest party because all the money is in Zardari's swiss account :) Those statements weren't submitted to ECP.The party is poor, but party leaders are extremely rich .. or I must say party leader's family members are extremely rich! It is the game that these party leaders play all the time and yet ECP doesn't understand!
Abdullah Hussain
Mar 29, 2013 02:40am
What a cruel joke
shahid
Mar 29, 2013 02:41am
"The statement of accounts submitted by the party
Immad
Mar 29, 2013 03:36am
PML house on margalla road alone is worth more than 80 million, how come PML N and PML Q have so less assets across the country. And looking at the flood of printed advertisement by PML N across Punjab, their claim of spending just 4 million to do so is simply hiding the cost by say 100 times.
Syd
Mar 29, 2013 03:54am
PPP the poorest of all. Great joke of all times. I am sure Zardari will have about 3 rupees not even enough to have a glass of water. ECP great job. I wonder will we live under the POOR government for another 5 years. Almighty PLEASE help us and save us from these poor parties especially PPP and PMLN.
sfomann
Mar 29, 2013 04:35am
PPP.p haven't had a chance to loot the country yet. PMLn have looted so much that they don't know what to do with it!
Hammad
Mar 29, 2013 06:13am
What a joke for PPP? The media should highlight this !!
Farooq
Mar 29, 2013 07:43am
PPP-P should apply for Benazir Income support scheme although, scheme is for individuals but with current income report PPP P might be considered for the scheme support.
Abdur Razzaque
Mar 29, 2013 09:22am
Good intentions does not care for money. Be good and devoted yourselves for the well being of the country and for the common people, no one can stop you to become succeed. Your past actions and deeds will determine to put you on the throne or kick you out from the society for ever!
umair
Mar 29, 2013 11:05am
The big rallies, political banners, activities conducted by political parties in the country are done how? with this meager money shown. These parties should be inquired thoroughly. This is mockery of the system