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Friday July 05, 2024

ECP asks political parties to submit statement of accounts

According to the Act a political party should submit with the ECP within 60 days from the closure of a financial year

By Our Correspondent
July 03, 2024
The Election Commission of Pakistan (ECP) signboard in Islamabad. — AFP/File
The Election Commission of Pakistan (ECP) signboard in Islamabad. — AFP/File

ISLAMABAD: The Election Commission of Pakistan (ECP) Tuesday reminded all the heads of political parties that they are required to file with the commission their consolidated statement of accounts on Form-D for financial year, 2023-24 on or before August 29, 2024.

It explained that it was mandatory of the parties’ heads under Elections Act 2017.

According to the Act a political party should submit with the ECP within 60 days from the closure 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 should accompany by report of a chartered accountant and a certificate signed by an office-bearer authorised by the political party head.