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pakistan: Pakistan ruling party tried to conceal foreign funding from poll panel: Report

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ISLAMABAD: PM Imran Khan‘s ruling Pakistan Tehreek-i-Insaf party grossly under-reported funds received from foreign nationals, firms, and also concealed its bank accounts, a media report said on Wednesday, quoting a damning report compiled by the Election Commission. The ruling party has under-reported an amount of PKR 312 million over a four-year period, between FY 2009-10 and FY 2012-13. The year-wise details reveal that an amount in excess of PKR 145 million was under-reported in FY 2012-13 alone, the Dawn newspaper reported.
According to the data provided to Scrutiny Committee of the Election Commission of Pakistan (ECP) by the State Bank of Pakistan, the PTI had 26 bank accounts, Dawn reported. Between 2008 to 2013, the party had disclosed funds to the tune of PKR 1.33 billion to the ECP, whereas a report by the SBP, the central bank of Pakistan, shows the actual amount to be PKR 1.64 billion, the committee’s report said. The party also failed to disclose details of three banks in documentation provided to the ECP, it said. The report stated that around 1,414 companies in Pakistan, 47 foreign companies and 119 potential companies provided funds to Khan’s PTI. It had also received $2.3 million as funds from the US, but the committee couldn’t access the party’s US bank accounts, the report said. Of those to have contributed these funds include 4,755 Pakistanis, 41 non-Pakistanis and 230 foreign companies. Khan’s party also received funds from Dubai, UK, Europe, Denmark, Japan, Canada and Australia, the report said. But the committee could not get details into these transactions, it said.
I&B minister Fawad Chaudry termed the scrutiny committee’s report as ‘inaccurate’ and demanded an inquiry into the accounts of opposition parties PML-N and PPP. According to Dawn, the report was tabled as the ECP resumed hearing of a foreign funding case against PTI on Tuesday after nine months.





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