File Image | Photo courtesy: @PTIofficial
KEY POINTS Imran Khan is said to have made a significant profit on the sale of a watch, valued at PKR 101 million, which was gifted to him by a Middle Eastern dignitary. The head of the PTI had said that he sold the watch for PKR 51 million and deposited PKR 20 million in the government Treasury account. In this case, the watch was sold for half of what it’s worthThe watch was sold on January 22, 2019Islamabad: Former Pakistani Prime Minister Imran Khan Illegally Sold Three Expensive Watches Worth Over $154 Million from PKR, donated by foreign dignitaries to a local watch dealer, according to a report. He also said that these gifts were in addition to those reported earlier in the media.
The News International reported that Imran Khan had earned millions of rupees selling jewel class watches given to him by foreign dignitaries.
After his Pakistani government Tehreek-e-Insaf (PTI) changed the rules and set the gift retention price at 50% of its original value, Imran Khan was able to keep the most expensive watch worth over 101 million PKR at 20% of its value.
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Documents and sales receipts said the 69-year-old PTI chief first sold the watches and then deposited 20% of each in the state treasury, the Pakistani daily reported.
The report says that these donations, worth millions of rupees, were never deposited in Toshakhana.
In Pakistan, government officials are required to immediately report gifts they receive so that their value can be assessed. After that, if the recipient intends to keep the gift, he must deposit a specific amount.
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The News International cited documents from Toshakhana, showing that the cricketer-turned-politician earned PKR 36 million from the sale of these three watches donated by dignitaries from friendly Gulf countries.
Earlier, Khan had responded to the Toshakana controversy by saying, “Mera tohfa, meri marzi (my gift, my choice).”
Hate in the Pakistani air as loyalists of Imran Khan, the general-in-chief of the Troll Pak army, Bajwa? | Times Now Asked about a petition to the High Court in Islamabad for details of the Toshakhana, Shehbaz Sharif claimed in April that his predecessor Imran Khan had sold Toshakhana gifts worth PKR 140 million in Dubai . “Imran Khan sold these gifts for PKR 140 million in Dubai,” Shehbaz had said.
According to him, the expensive gifts included sets of diamond jewelry, bracelets and watches.
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