The Election Commission of Pakistan will announce its verdict in the much-delayed prohibited funding case, previously referred to as the foreign funding case, against the PTI today (August 2) at 10am.
The case, which was filed by party founding member Akbar S Babar, has been pending since Nov 14, 2014. Babar, who is no longer associated with PTI, had alleged serious financial irregularities in the party’s funding from Pakistan and abroad.
According to the ECP website, a three-member bench headed by Chief Election Commissioner Sikander Sultan Raja, comprising Nisar Ahmed Durrani and Shah Muhammad Jatoi will preside over the hearing scheduled for today.
On June 21, the ECP had reserved its verdict in the prohibited funding case against the PTI, which has not been issued yet.
The petitioner, Babar, had alleged serious financial irregularities in the party’s funding from Pakistan and abroad. The PTI had, however, denied any wrongdoing, and maintains the funding is not from prohibited sources.
On January 4, the ECP’s scrutiny committee, formed in March 2018 to examine the PTI’s foreign funding in one month, finally submitted its report after 95 hearings and nearly four years.
The report, based on eight volumes of record requisitioned through the State Bank of Pakistan, proved that the PTI leadership had committed gross violations of funding laws by allowing the collection of millions of dollars and billions of rupees without any source and details from foreigners, including Indian nationals and foreign companies.
The report had also mentioned a refusal by the party to divulge details of large transactions and the panel’s helplessness to get details of PTI’s foreign accounts and the funds collected abroad. According to the report, the party under-reported an amount of Rs312 million over a four-year period, between FY2009-10 and FY2012-13. Year-wise details show that an amount of over Rs145m was under-reported in FY2012-13 alone.
It also called into question the certificate signed by the PTI chairman, submitted along with the details of PTI’s audited accounts.
