PTI moves IHC as ECP’s deadline for submitting financial details ends

Haider Ali 03:45 PM | 30 May, 2017
PTI moves IHC as ECP’s deadline for submitting financial details ends
ISLAMABAD - Pakistan Tehreek-e-Insaf (PTI) has challenged the orders of Election Commission of Pakistan (ECP) regarding the party's foreign funding case in the Islamabad High Court (IHC).

According to media reports, the ECP had given the 'last chance' to the party on May 13 to submit its bank account details by Tuesday (today) but  PTI's counsel Saqlain Haider told Chief Election Commissioner Justice (retd) Sardar Muhammad Raza that they have challenged the ECP's order in the IHC, requesting adjournment of hearing.

To this, the chief election commissioner asked  PTI's counsel whether they have taken a stay order on the case, to which Haider replied that the IHC hearing on the case would commence on Wednesday (tomorrow).

The chief election commissioner responded that the party will have to submit its details in the ECP and that the ECP hearing would not be delayed further unless IHC issues any stay order in this regard.

The party has been given time till tomorrow to submit its bank account details with the ECP.

On December 1 last year, the ECP had also ordered the PTI to submit its accounts or face ‘legal consequences’. Instead of complying with the orders, the party accused the ECP of ‘political bias’ which led to a contempt application against Imran Khan filed by petitioner Akbar S. Babar.

On May 8 this year, the ECP once again directed the PTI to produce the records by May 17 but opposition party did not comply with the orders and instead sought adjournment on the plea that it had not received the detailed ECP order of May 8, whereby the commission decided its jurisdiction over the case.

Pakistan Tehreek-e-Insaf  was given May 30 as the final deadline for submission of bank details however the party took another route and moved IHC.

The case has been languishing since November 2014 when it was first filed by PTI’s founding member and former central vice president Akbar S. Babar alleging corruption and gross irregularities in collection of donations.

Apart from the foreign funding case, the Supreme Court of Pakistan is also hearing a case against the PTI supremo and secretary general Jahangir Tareen regarding the offshore firm set up by him.

The petitions were filed by PML-N’s Rawalpindi stalwart Haneef Abbasi last year who argued that both the PTI leaders were involved in wrongdoings and concealment of income in nomination papers.

Haider Ali

The writer is a civil servant.


ISLAMABAD – Pakistani rupee finally ended its losing streak against US dollar on Tuesday, gaining Rs4.43 after massive depreciation over the last week.

During the intra-day trading, the rupee was hovering at 266.75 with an appreciation of around 1.07 percent as talks between Pakistan and IMF underway for a stalled bailout programme.

Earlier on Monday, the rupee plunged by Rs7 and the greenback touched all-time high of Rs272. Last week, the local currency dropped by Rs24.54 in the interbank market – the largest single-day depreciation in more than two decades.

Finance experts linked the rupee’s recovery to exporters offloading some of their proceeds as remittances and export continued days after dollar cap was removed.

The country of over 220 million is facing a worst economic crisis with the forex reserved held by the country’s central bank remaining at critical $3.68 billion which were not enough to cover a month's import.

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs205,900 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs176,530.

Likewise, 10 grams of 22k gold were being traded for Rs162,500 while a single tola of 22-karat gold was being sold at Rs 182,100.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 205,900 PKR 2,370
Karachi PKR 205,900 PKR 2,370
Islamabad PKR 205,900 PKR 2,370
Peshawar PKR 205,900 PKR 2,370
Quetta PKR 205,900 PKR 2,370
Sialkot PKR 205,900 PKR 2,370
Attock PKR 205,900 PKR 2,370
Gujranwala PKR 205,900 PKR 2,370
Jehlum PKR 205,900 PKR 2,370
Multan PKR 205,900 PKR 2,370
Bahawalpur PKR 205,900 PKR 2,370
Gujrat PKR 205,900 PKR 2,370
Nawabshah PKR 205,900 PKR 2,370
Chakwal PKR 205,900 PKR 2,370
Hyderabad PKR 205,900 PKR 2,370
Nowshehra PKR 205,900 PKR 2,370
Sargodha PKR 205,900 PKR 2,370
Faisalabad PKR 205,900 PKR 2,370
Mirpur PKR 205,900 PKR 2,370


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