ISLAMABAD: With no income or fixed assets, former president Asif Ali Zardari’s party, Pakistan People’s Party-Parliamentarians (PPP-P), is the poorest, according to its financial statement to the Election Commission of Pakistan (ECP).
Details of financial standing and assets of parties released by ECP yesterday for the fiscal year ending June 30, 2012, show PPP-P has Rs435,397, including Rs5,997 held by its finance secretary and Rs429,400 in its bank account.
The statement submitted by the party’s Secretary General and former prime minister Raja Pervez Ashraf said the party spent Rs348 in the fiscal year ending June 30, 2011.
In contrast, the PML-N, headed by former premier Nawaz Sharif, is the wealthiest party in terms of assets. Its statement showed the party has assets across the country, valued at Rs80.3m and its closing balance for the fiscal year 2011-12 was Rs53.19m.
It started the year with a balance of Rs6.4m and inflows from its four provincial offices and central secretariat totalled Rs77m. The total expenditure during the year was Rs30.3m, including Rs3.5m on catering services and Rs4m on printing and advertising. Internews
