PTI insists ECP fails to prove foreign funding against party


PTI leaders addressing a joint press conference after ECPs verdict. Photo: Geo News/screengrab
PTI leaders addressing a joint press conference after ECP's verdict. Photo: Geo News/screengrab     
ISLAMABAD: After a damning verdict by the Election Commission of Pakistan (ECP), PTI leader Farrukh Habib said that foreign funding was not proved against the party. The verdict disappointed those who were pushing the narrative of foreign funding against the PTI, said Farrukh Habib. He maintained that they were of the view that it was a case of prohibited funding but not of foreign funding. Raising questions over the ECP, the PTI leader said that the IHC had ordered to probe the accounts of all the political parties without any discrimination. He said that the scrutiny committee tasked to probe the accounts of PTI completed its work on time but the committees established to check the accounts of PPP and PML were yet to submit their report.

More  to follow ...


Source link https://www.news.qm.com.pk/pti-insists-ecp-fails-to-prove-foreign-funding-against-party/?feed_id=137142

Comments

Post a Comment

Popular posts from this blog

Dollar falls by 50 paisa amid hopes of IMF funds release - Pakistan

Image
The US dollar was seen losing ground against the rupee in interbank trading on Wednesday morning as it fell by 50 paisa, with analysts linking the development to optimism surrounding the expected release of loan tranches by the International Monetary Fund (IMF). According to the Forex Association of Pakistan (FAP), the greenback depreciated Rs1.45 against the previous day's close of Rs206 to reach Rs204.55 around 1:20pm. The FAP's closing rate of the last session shows a difference of 87 paisa from that of the State Bank of Pakistan, recorded at Rs206.87. By closing time on Wednesday, the greenback was being traded at Rs205.50 in the interbank. Exchange Companies Association of Pakistan General Secretary Zafar Paracha attributed the international currency's fall to the possibility of the IMF releasing two combined tranches of around $1.85 billion instead of the initially expected single tranche of around $1bn. On Tuesday, Pakistan received the Memorandum of Eco...
Read more

PKR gains Rs2.15 against dollar in interbank market - Business

Image
The rupee, which has been on an upward trend for more than a week now, continued strengthening against the dollar in the interbank market on Friday. By 10:05am, the local currency had gained Rs2.15 against the dollar to reach Rs224, up 0.95 per cent from yesterday’s close of Rs226.15. The rupee had been on a consistent decline from July 15 and fallen to a record low of 239.94 on July 28. But since July 29, it has reversed gears and its value had risen by Rs14.15 till yesterday (Aug 4). The biggest hike was seen on Wednesday (Aug 3), when the rupee appreciated by a record single-day gain of Rs9.59 or 4.19pc. This major gain by the rupee has brought exchange rate stability as currency dealers feel that the fluctuations would not be as volatile as were witnessed in July when the greenback gained over 13pc in a single month against the local currency. More to follow. Source link https://www.news.qm.com.pk/pkr-gains-rs2-15-against-dollar-in-interbank-market-business/?feed...
Read more