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ECP instructs PTI to submit details of foreign fundings

09:57 AM | 26 Apr, 2018
ECP instructs PTI to submit details of foreign fundings
ISLAMABAD - The Election Commission of Pakistan instructed Pakistan Tehreek-i-Insaf on Wednesday to produce accounts and other financial details of funding from the US.

The directives were issued by a scrutiny committee mandated by the ECP to inspect all foreign funding accounts of the PTI for a five-year period from 2009 to 2013.

The scanning of the funds, when the party is celebrating the 22nd founding day, is taking place at the ECP in the presence of representatives of both sides by a committee chaired by the ECP DG Law and two financial experts co-opted from the defence establishment.

https://en.dailypakistan.com.pk/headline/foreign-funding-case-islamabad-high-court-rejects-ptis-plea-against-ecp-jurisdiction/

During the last meeting, disgruntled PTI member Akbar S. Babar and his team of legal counsel represented the petitioner while PTI was represented by its central finance secretary Sardar Azhar Tariq Khan and legal counsel Saqlain Haider.

The committee, formed on March 12, is meeting on a daily basis because it has to wind up scrutiny of the accounts by May 3rd.

Pakistan Tehreek-e-Insaf had filed multiple petitions before the Islamabad High Court, challenging the jurisdiction of the election regulator to look into the financial dealings of the party, however, the court rejected all the petitions.

Akbar S Babar, a former PTI leader, had moved the ECP in November 2014 with a plea to audit the party’s accounts. The formation of the committee was welcomed by the petitioner as well.

“I hope that after the full disclosure of the massive corruption, all those responsible for managing PTI accounts, including its chairman and members of its finance committee, will be banned for life from holding office in any political party in Pakistan,” Babar had said.

The writer is a civil servant.

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 20 April forex rates

Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 20 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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