Political parties asked to submit assets statement by Aug 29.

ISLAMABAD -- The Election Commission of Pakistan (ECP) has asked the political parties to submit their consolidated statement of accounts for the financial year 2021-22 by August 29.

According to the ECP spokesman, political parties were required in terms of Section 210 of the Elections Act, 2017 read with Section 204 of the Act and rule 159 and 160 of the Election Rules, 2017, thereof, that they were required to file with ECP their statement of accounts for the financial year which ended on June 30.

It may be recalled that Section 210 of the Elections Act, 2017 provides that a political party shall, in such a manner as may be prescribed, submit to the Commission, within sixty days from the close of a financial year, a consolidated statement of its accounts audited by a chartered accountant on Form-D containing annual income and expenses, sources of its funds and assets and liabilities.

The statement to be submitted to the ECP shall accompany the report of a chartered accountant with regard to the audit of accounts of a political party and a certificate signed by an office-bearer authorized by the party head stating that no funds from any source prohibited under the Elections Act, 2017 were received by the political party and the statement contains an accurate financial position of the political party. The statement of accounts is to be submitted on Form-D as...