Imran Khan, who was recently ousted as Prime Minister of Pakistan, had received 58 gifts amounting to over Rs 140 million from world leaders during his three-and-a-half year period and kept them all, either by giving a negligible amount. pay or even without any compensation. payment.
Khan, who had become the Prime Minister of Pakistan after calls to remove corruption and took several austerity measures to ease the burden on the state treasury, was caught selling Toshakhana gifts worth Rs 140 million in Dubai, The News International.
As for the other gifts kept by Imran Khan, a set of gifts containing a Rolex watch, a pair of cufflinks, a ring and a box containing a necklace, bracelet and a pair of earrings was valued at Rs 23.5 million and it was retained through Rs 11.5 million.
The other gifts include a Rolex watch worth Rs 3.8 million, which he kept in October 2018 by paying about Rs 754,000.
Another Rs 1.5 million Rolex watch was kept in exchange for Rs 294,000. Another set of gifts included a pair of Rolex watches, an iPhone and other items valued at Rs 1.73 million, which was withheld for Rs 338,600, The News International reported.
Imran Khan paid Rs 38 million for gifts worth Rs 140 million and other gifts worth Rs 800,200 were withheld without making any payment.
The most expensive of these were sold in Dubai, according to Prime Minister Shehbaz Sharif.
Among the most expensive was a set of gifts he had received after his inauguration as Prime Minister in August 2018, including the Rs 85 million Graff watch received along with Rs 5.67 million cuff links, a Rs 1.5 pen million and a ring of Rs 8.75 million.
Their price assessment was made by the assessment committee set up by him. All these gifts, worth a total of about Rs 100 million, were kept by Imran Khan in September 2018 by paying 20 percent (Rs 20 million) of their estimated value, The News International reported.
They were then sold in Dubai earning Rs 155 million, Prime Minister Shehbaz Sharif claimed. It must be established who paid for their retention, whether Imran Khan paid capital gains tax or not.
Under the rules, a gift that a government official receives from a leader of another country is deposited in the treasury.
Those who are interested in keeping the gift can do so by paying a certain amount of the value that was 20 percent at the time Imran Khan kept the aforementioned gifts.
The rules were revised in December 2018 and required that 50 percent be paid to keep these gifts.
Incidentally, Imran Khan had ordered the prosecution of former President Asif Ali Zardari and former Prime Ministers Nawaz Sharif and Yousaf Raza Gillani on charges of obtaining luxury gifts and vehicles from the treasury.
(Except for the headline, this story has not been edited by DailyExpertNews staff and has been published from a syndicated feed.)