No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut
No Result
View All Result
No Result
View All Result

PTI received ‘prohibited funding’ from 351 foreign companies and 34 foreign nationals, ECP rules

Zain Aijaz by Zain Aijaz
August 2, 2022
in Featured, Latest News, National, News, Politics, Top News
Reading Time: 2 mins read
PTI received 'prohibited funding' from 351 foreign companies and 34 foreign nationals, ECP rules

On Tuesday, the Election Commission of Pakistan (ECP) issued the verdict on the funding case filed by PTI former member Akbar S. Babar in November 2014. According to the unanimous ruling by ECP, PTI has received ‘prohibited funding’ from 351 foreign companies and 34 foreign nationals. The ruling added that PTI hid 13 accounts, and the Form-1 submitted by Imran Khan for five years (2008-2013) was inaccurate. ECP issued a show cause to PTI.
The written verdict from ECP stated that PTI received $21,121,500 from Wootton Cricket Limited, a company led by known business personality Arif Naqvi. PTI was found to accept prohibited funding from Romita Shetty (Indian origin businesswoman residing in the USA), PTI USA LLC-6160, PTI USA LLC-5975, SS Marketing (UK-based firm), E-Planet Trustees ( Cayman Island-based company), Bristol Engineering Services (UAE based organisation), PTI UK Public Limited Company, PTI Canada Corporation, and Dunpec Limited (Australia based company). The Imran Khan-led party also got funding from Pakistani-based companies, including Anwar Brothers, Young Sports, and Zain Cotton.
ECP also declared that data obtained from the State Bank of Pakistan reveals that senior management of PTI operated 13 hidden accounts at the provincial and central levels. The election watchdog concluded that the matter falls under Political Parties Order 2002 (PPO), Article 6 (3). A show cause notice was issued under Rule 6 of PPO.


Farukh Habib, leader of PTI, said this is a prohibited funding case and not a foreign funding case. He added that entities that plotted the propaganda of foreign funding against PTI are disappointed, and the party would submit a sufficient response to the notice.

Zain Aijaz

Zain Aijaz

Zain is a media student and a writer by passion. He is a certified creative writer from Wesleyan University and enthusiastically writes on non-fiction and political satire. He is vastly experienced in the field of theatre and has served as a theatre mentor across different institutions. Currently, he is a contributor at The Upcut and can be reached at zainaijazdehlvi@gmail.com

Related Posts

demand for sustainability assurance.
Business

Investors drive demand for sustainability assurance, describes ACCA report Sustainability Assurance – Rising to the Challenge

March 31, 2023
Professor Kamal Munir honored by governor Punjab.
Education

Governor of Punjab pays tribute to Tamgha-e-Imtiaz recipient Professor Kamal Munir from University of Cambridge for his contribution to education

March 31, 2023
Jazz awarded by President Alvi.
Business

President Alvi honours Jazz CEO Aamir Ibrahim with Excellence Award at BIZNET 2023

March 31, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TOP NEWS

demand for sustainability assurance.

Investors drive demand for sustainability assurance, describes ACCA report Sustainability Assurance – Rising to the Challenge

by Press Release
March 31, 2023

Lahore, 29 March 2023: Investors seeking to place reliance on corporate sustainability information are driving unprecedented demand for assurance in...

Professor Kamal Munir honored by governor Punjab.

Governor of Punjab pays tribute to Tamgha-e-Imtiaz recipient Professor Kamal Munir from University of Cambridge for his contribution to education

by Press Release
March 31, 2023

Lahore, March 30, 2023 - Cambridge International, Pakistan recently organised an iftar dinner to pay tribute to Professor Kamal Munir,...

Jazz awarded by President Alvi.

President Alvi honours Jazz CEO Aamir Ibrahim with Excellence Award at BIZNET 2023

by Press Release
March 31, 2023

ISLAMABAD, 31 March, 2023: The second edition of BIZNET Diversity and Inclusion Recognition Awards ceremony was recently held at the...

Indore temple incident: Death toll reaches 35, PM Narendra Modi announces compensation for victims

Indore temple incident: Death toll reaches 35, PM Narendra Modi announces compensation for victims

by Zain Aijaz
March 31, 2023

The Hindu Temple incident in Indore, India resulted in the death of 35 people. On Thursday, the floor of the...

The Upcut is a news platform that brings you the latest news, developments from all walks of life, from all over the world. We cover Business, news from Pakistan and rest of the world, Sports, and Entertainment. You can also read Tech Reviews and How-To Guides for simple solutions and dailylife hacks.

BUSINESS   |   NATIONAL   |   WORLD   |   SPORTS   |   ENTERTAINMENT   |   TECH   |   HOW-TO GUIDES

  • Home
  • About Us
  • Privacy Policy
  • Editorial Guidelines
  • Contact Us
  • Stories

Copyright © 2022 The Upcut. All rights reserved.

No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut

Copyright © 2022 The Upcut. All rights reserved.

Go to mobile version