Imran Khan could not earn in the first 66 years of his life as much as he earned through Tosha Khana gifts during the first two months as Prime Minister.

 EARNINGS FROM TOSHA KHANA GIFTS WERE THE BIGGEST INCOME FOR IMRAN KHAN IN HIS LIFETIME, TAX RECORD SHOWS

Imran Khan could not earn in the first 66 years of his life as much as he earned through Tosha Khana gifts during the first two months as Prime Minister.

Fact Focus is releasing the lifetime tax returns of Imran Khan (1981 to 2021). The tax record establishes that he and his wife Bushra haven’t declared the value of all the Tosha Khana gifts they retained.

Imran’s maximum earning from a professional or a business activity was Rs20 million in 2011. He earned Rs85 million during the first two months as the Prime Minister.

The total worth of all his properties and assets as declared by him in his latest tax return (FY 2021) is Rs141 million. The total value of Tosha Khana gifts retained by him was Rs142 million (as assessed by his own government).

Former Prime Minister Imran Khan made more income in the first two months of office by choosing to retain Tosha Khana items than he had from any single professional or a business transaction throughout his life.

Contrary to the claims made by the former prime minister and his spokespersons, he hasn’t fully declared the gifts received by him from the Tosha Khana or the financial gains he made from these gifts in his annual tax returns.

This has been established by a Fact Focus investigation through official documents of the Cabinet Division and Imran Khan’s lifetime tax returns of 41 years. Fact Focus is releasing the lifetime tax record of Prime Minister Imran so the readers can evaluate the authenticity of the facts by themselves.

The financial gains by former Imran Khan from the Tosha Khana gift items are more than the declared value of any of the assets held by him in his entire life. The maximum value of an asset declared by Imran Khan so far is Rs48,660,000 which is of the construction at his Zaman Park house in Lahore. He made much more than this amount by selling only one Tosha Khana item.

In fact, the total value (Rs142,042,100) of these gifts retained by Imran, as assessed by his own PTI government, is more than his total wealth (Rs141,084,948) declared by him in his latest tax returns in the year 2021. Total wealth is the sum of declared values of all the properties, bank accounts, and the value of all immoveable or moveable assets.

Khan has often claimed to have the Midas touch. Through his golden touch, he managed to make his tenure as Prime Minister the most financially profitable of his career. How much money-spinning it could be to become the Prime Minister of a country like Pakistan can be well imagined from the fact that what Khan could not earn during the first sixty-six years of his life, he made during the first two months after becoming the Prime Minister before his 66th birthday in the second week of October of 2018. Imran Khan executed the biggest transaction of his life during the first two months after becoming the Prime Minister, bigger than any single transaction made in his entire life.

Imran Khan took the oath as the Prime Minister of Pakistan on August 18, 2018. He made his first-ever visit to Saudi Arabia as the Prime Minister on September 18, 2018.

From his marvelous cricket career to a star in advertisements, from playing county cricket in the UK to the commentary of cricket matches, Imran Khan could never earn the amount that he earned during his first few days in office. His tax returns show that the maximum amount he earned before becoming the Prime Minister was around Rs21.5 million (a little more than two crore rupees) from the commentary in 2011. During his first two months in office as the Prime Minister, he retained Tosha Khana gifts of the value of Rs106.383 million by paying only Rs21.32 million and hence earned Rs85.05 million (more than eight caror and fifty lac) during these 60 days. He also retained free gifts of a value of Rs163,000 during these initial two months. Overall, Imran retained gifts of a value of Rs142 million by paying Rs38.1 million and also kept gifts of the value of Rs800,200. He earned a profit of Rs103.865 million during his term as the prime minister merely from the Tosha Khana gifts.

Other than his business and professional ventures, he couldn’t earn this much money even by selling his property. He earned Rs69 million by selling his property in Ferozewala (near Lahore) in 2019 and he received even this amount in three years in installments of Rs23 million (2017), Rs27 million (2018), and Rs20 million (2019).

In his tax returns for the Financial Year (FY) 2018-19, Imran declared Rs39.58 million (Rs39,586,836) as an income from “Other Sources”. This amount, according to him, was the money that he made from the Tosha Khana gifts in this financial year. However, the value of the gifts retained by him in this period as assessed by his own government was Rs109 million (Rs109007500). He hasn’t declared any Tosha Khana items in this FY which means he sold all of them. Hence, it is clear misdeclaration. The value of only one item, a Rolex watch, was assessed by the PTI government at a value of Rs85 million.

In the case of his wife Bushra, she was not even registered for the tax purposes until July 12, 2021 (The FBR website screenshot showing her registration as a taxpayer is shown below in the image).

FBR website shows Bushra registered for tax on July 12, 2022.

Despite being registered as a taxpayer, she hasn’t submitted her tax returns and was a nonfiler until February 2022. Following two screenshots of the FBR website show her a nonfiler in the months of December 2021 and even on February 28, 2022. Her status as filer is shown as “Inactive”.

FBR website shows Bushra staus “In-Active” as a filer in December 2021.

FBR website shows Bushra’s status “In-Active” as a filer on February 28, 2022.

However, she became a filer on March 01, 2022. The following screenshot of the FBR website shows her status as a filer as “Active” on March 01, 2022.

FBR website shows Bushra’s status “Active” as a filer on March 01, 2022

There is no mention of any of his signed cricket bats being sold for tens of millions of rupees in his lifetime tax returns as is being portrayed by spokespersons of the Imran Khan.

When Imran Khan was retaining and subsequently selling the expensive Rolex watch gifted to Pakistan by Saudi Crown Prince Muhammad Bin Salman on September 18, 2018, he already had Rs9.6 million in his PKR bank accounts, Rs24.02 million cash in hand, USD381,230 in his dollar accounts, and GBP7,068 in his pound account.

Imran has been maintaining 300,000 to 500,000 United States dollars in his foreign currency accounts for the last ten years. He is also maintaining cash in hand of around 2 caror rupees (Rs2 million) for the last more than ten years.

In total, Imran Khan retained gifts of the value of Rs142 million by paying only Rs38.17 million along with retaining free gifts of the value of Rs800,200 hence earning a profit of Rs103.865 million during his three and a half years in the office of the Prime Minister.

During the FY 2018-19, Imran Khan and his wife Bushra Bibi retained Tosha Khana gifts of the value of Rs109 million and paid only Rs21.9 million (20% of the value assessed by the PTI government itself). They also retained gifts of the value of Rs554,500 free of cost in this period.

In FY 2019-20, Imran Khan and his wife Bushra Bibi retained Tosha Khana gifts of the value of Rs3.02 million and paid only Rs1.47 million. They also retained gifts of the value of Rs84,700 free of cost in this FY. IN the FY 2020-21, they retained gifts of the value of Rs29.49 million by paying Rs14.6 million. They also retained gifts of the value of Rs130,000 free of cost. Similarly, in FY 2021-22 (the first six months from July to December 2021), Imran and Bushra retained gifts of the value of Rs491,000 by paying an amount of Rs193,000. They also retained gifts of the value of Rs75,000 free of cost in these six months.

Here are the income tax returns of former Prime Minister Imran Khan from the year 1981 to the year 2021. Wealth statements and statements of assets and liabilities (which were submitted by him to the Election Commission of Pakistan (ECP) during the years when he was a legislator.)

1981

Inflows of money: 41,000

Taxes Paid: 4,477

The total number of misdeclarations: 0

Imran Khan Tax Returns for the year 1981 (PDF File)

1982

Inflows of money: 52,656

Taxes Paid: 4,836

The total number of misdeclarations: 0

Imran Khan Tax Returns for the year 1982 (PDF File)

1983

Inflows of money: 146,000

Taxes Paid: 48,600

The total number of misdeclarations: 0

Imran Khan Tax Returns for the year 1983 (PDF File)

1984

Inflows of money: 48,750

Taxes Paid: 2,400

The total number of misdeclarations: 2

Imran Khan Tax Returns for the year 1984 (PDF File)

1985

Inflows of money: 35,000

Taxes Paid: 533

The total number of misdeclarations: 3

Imran Khan Tax Returns for the year 1985 (PDF File)

1986

Inflows of money: 139,997

Taxes Paid: 4,100

The total number of misdeclarations: 3

Imran Khan Tax Returns for the year 1986 (PDF File)

1987

Inflows of money: 241,000

Taxes Paid: 5,600

The total number of misdeclarations: 3

Imran Khan Tax Returns for the year 1987 (PDF File)

1988

Inflows of money: 119,000

Taxes Paid: 3,570

The total number of misdeclarations: 3

Imran Khan Tax Returns for the year 1988 (PDF File)

1989

Inflows of money: 650,887

Taxes Paid: 98,150

The total number of misdeclarations: 3

Imran Khan Tax Returns for the year 1989 (PDF File)

1990

Inflows of money: 532,800

Taxes Paid: 228,700

Total Declared Wealth: 2,259,079

The total number of misdeclarations: 3

Imran Khan Tax Returns for the year 1990 (PDF File)

1991

Inflows of money: 322,285

Taxes Paid: 28,463

Total Declared Wealth: 2,423,490

The total number of misdeclarations: 3

Imran Khan Tax Returns for the year 1991 (PDF File)

1992

Inflows of money: 613,820

Taxes Paid: 278,394

Total Declared Wealth: 2,683,916

The total number of misdeclarations: 3

Imran Khan Tax Returns for the year 1992 (PDF File)

1993

Inflows of money: 275,000

Taxes Paid: 3,857

Total Declared Wealth: 4,172,916

The total number of misdeclarations: 3

Imran Khan Tax Returns for the year 1993 (PDF File)

1994

Inflows of money: 154,166

Taxes Paid: 6,893

Total Declared Wealth: 3,487,082

The total number of misdeclarations: 3

Imran Khan Tax Returns for the year 1994 (PDF File)

1995

Inflows of money: 342,889

Taxes Paid: 45,529

Total Declared Wealth:

The total number of misdeclarations: 3

Imran Khan Tax Returns for the year 1995 (PDF File)

1996

Inflows of money: NIL

Taxes Paid: NIL

Total Declared Wealth: NIL

The total number of misdeclarations: NIL

Imran Khan Tax Returns for the year 1996 (PDF File)

1997

Inflows of money: 450,000

Taxes Paid: 0

Total Declared Wealth: 8,284,474

The total number of misdeclarations: 3

Imran Khan Tax Returns for the year 1997 (PDF File)

1998

Inflows of money: 500,000

Taxes Paid: 0

Total Declared Wealth: 2,794,474

The total number of misdeclarations: 3

Imran Khan Tax Returns for the year 1998 (PDF File)

1999

Inflows of money: 600,000

Taxes Paid: 0

Total Declared Wealth: 4,934,474

The total number of misdeclarations: 3

Imran Khan Tax Returns for the year 1999 (PDF File)

2000

Inflows of money: 600,000

Taxes Paid: 0

Total Declared Wealth: 4,222,472

The total number of misdeclarations: 2

Imran Khan Tax Returns for the year 2000 (PDF File)

2001

Inflows of money: 600,000

Taxes Paid: 0

Total Declared Wealth: 7,032,932

The total number of misdeclarations: 2

Imran Khan Tax Returns for the year 2001 (PDF File)

2002

Inflows of money: 12,193,284

Taxes Paid: 32,390

Total Declared Wealth: 11,236,312

The total number of misdeclarations: 2

Imran Khan Tax Returns for the year 2002 (PDF File)

2003

Inflows of money: 784,994

Taxes Paid: 17,486

Total Declared Wealth:

The total number of misdeclarations: 1

Imran Khan Tax Returns and ECP Statement of Assets & Liabilities for the year 2003 (PDF File)

2004

Inflows of money: 2,165,562                     

Taxes Paid:

Total Declared Wealth: 72,384,450

The total number of misdeclarations: 1

Imran Khan Tax Returns and ECP Statement of Assets & Liabilities for the year 2004 (PDF File)

2005

Inflows of money: 600,106

Taxes Paid: 21,337

Total Declared Wealth: 81,567,632

The total number of misdeclarations: 2

Imran Khan Tax Returns and ECP Statement of Assets & Liabilities for the year 2005 (PDF File)

2006

Inflows of money: 5,214,106

Taxes Paid: 59,609

Total Declared Wealth: 34,545,769

The total number of misdeclarations: 3

Imran Khan Tax Returns and ECP Statement of Assets & Liabilities for the year 2006 (PDF File)

2007

Inflows of money: 1,442,916

Taxes Paid: 30,068

Total Declared Wealth: 36,125,732

The total number of misdeclarations: 3

Imran Khan Tax Returns and ECP Statement of Assets & Liabilities for the year 2007 (PDF File)

2008

Inflows of money: 1,826,412

Taxes Paid: 105,415

Total Declared Wealth:

The total number of misdeclarations: 3

Imran Khan Tax Returns for the year 2008 (PDF File)

2009

Inflows of money: 9,421,780         

Taxes Paid: 90,421

Total Declared Wealth: 26,122,752

The total number of misdeclarations: 3

Imran Khan Tax Returns for the year 2009 (PDF File)

2010

Inflows of money: 10,634,778      

Taxes Paid: 1,856,599

Total Declared Wealth: 28,941,848

The total number of misdeclarations: 3

Cash in Banks: Rs6,213,599 – Cash in hand: Rs6,829,249 – Total: Rs13,042,848

Foreign Currency Accounts:

US Dollars: $183,201 – GBP: 12,130 – EUR: 92,062

Imran Khan Tax Returns for the year 2010 (PDF File)

2011

Inflows of money: 23,530,044

Taxes Paid: 562,554

Total Declared Wealth: 21,564,758

The total number of misdeclarations: 3

Cash in Banks: Rs362,089 – Cash in hand: Rs5,303,669 – Total: Rs5,665,758

Foreign Currency Accounts:

US Dollars: $424,265 – GBP: 12,223 – EUR: 92,548

Imran Khan Tax Returns for the year 2011 (PDF File)

2012

Inflows of money: 16,138,683

Taxes Paid: 267,440

Total Declared Wealth: 30,171,088

The total number of misdeclarations: 3

Cash in Banks: Rs2,144,252 – Cash in hand: Rs12,127,836 – Total: Rs14,272,088

Foreign Currency Accounts:

US Dollars: $557,844 – GBP: £28,977 – EUR: €3,335

Imran Khan Tax Returns for the year 2012 (PDF File)

2013

Inflows of money: 12,329,503

Taxes Paid: 194,936

Total Declared Wealth: 29,675,291

The total number of misdeclarations: 3

Cash in Banks: Rs381,765 – Cash in hand: Rs13,618,526 – Total: Rs 14,000,291

Foreign Currency Accounts:

US Dollars: $545,943 – GBP: £48,024 – EUR: €3,354

Imran Khan Tax Returns and ECP Statement of Assets & Liabilities for the year 2013 (PDF File)

2014

Inflows of money: 9,981,717

Taxes Paid: 218,237

Total Declared Wealth: 32,721,302

The total number of misdeclarations: 3

Cash in Banks: Rs3,402,474 – Cash in hand: Rs13,183,828 – Total: Rs 16,586,302

Foreign Currency Accounts:

US Dollars: $440,480 – GBP: £44,347 – EUR: €3,362

Imran Khan Tax Returns and ECP Statement of Assets & Liabilities for the year 2014 (PDF File)

2015

Inflows of money: 35,650,565

Taxes Paid: 76,224

Total Declared Wealth: 43,485,068

The total number of misdeclarations: 3

Cash in Banks: Rs3,974,184 – Cash in hand: Rs11,519,884 – Total: Rs 15,494,068

Foreign Currency Accounts:

US Dollars: $543,993 – GBP: £44,775 – EUR: €3,370

Imran Khan Tax Returns and ECP Statement of Assets & Liabilities for the year 2015 (PDF File)

2016

Inflows of money: 12,983,878

Taxes Paid: 159,609

Total Declared Wealth: 40,997,246

The total number of misdeclarations: 3

Cash in Banks: Rs429,659 – Cash in hand: Rs7,126,587 – Total: Rs 7,556,246

Foreign Currency Accounts:

US Dollars: $381,230 – GBP: £7,068

Imran Khan Tax Returns and ECP Statement of Assets & Liabilities for the year 2016 (PDF File)

2017

Inflows of money: 4,776,611

Taxes Paid: 103,763

Total Declared Wealth: 38,694,493

The total number of misdeclarations: 2

Cash in Banks: Rs26,955,412 – Cash in hand: Rs2,456,414 – Total: Rs 29,411,826

Foreign Currency Accounts:

US Dollars: $381,230 – GBP: £7,068

Imran Khan Tax Returns and ECP Statement of Assets & Liabilities for the year 2017 (PDF File)

2018

Inflows of money: 23,882,990                  

Taxes Paid: 282,449

Total Declared Wealth: 57,949,488

The total number of misdeclarations: 1

Cash in Banks: Rs9,610,907 – Cash in hand: Rs24,024,247 – Total: Rs 33,635,154

Foreign Currency Accounts:

US Dollars: $331,230 – GBP: £7,067

Imran Khan Tax Returns and ECP Statement of Assets & Liabilities for the year 2018 (PDF File)

2019

Inflows of money: 45,657,760

Taxes Paid: 9,854,959

Total Declared Wealth: 80,691,661

The total number of misdeclarations: 2

Cash in Banks: Rs56,684,176 – Cash in hand: Rs19,951,484 – Total: Rs 76,635,660

Foreign Currency Accounts:

US Dollars: $331,230

Imran Khan Tax Returns and ECP Statement of Assets & Liabilities for the year 2019 (PDF File)

2020

Inflows of money: 80,590,663

Taxes Paid: 860,526

Total Declared Wealth: 142,119,167

The total number of misdeclarations: 1

Cash in Banks: Rs39,470,313 – Cash in hand: Rs20,842,375 – Total: Rs 60,312,688

Foreign Currency Accounts:

US Dollars: $329,196

Imran Khan Tax Returns for the year 2020 (PDF File)

2021

Inflows of money: 7,064,604

Taxes Paid: 361,177

Total Declared Wealth: 141,084,948

The total number of misdeclarations: 1

Cash in Banks: Rs31,440,009 – Cash in hand: Rs18,154,210 – Total: Rs 49,594,219

Foreign Currency Accounts:

US Dollars: $324,621

Imran Khan Tax Returns for the year 2021 (PDF File)

Imran, Bushra Bibi retained all 112 Tosha Khana gifts given to Pakistan at throwaway prices

Ferozwala Files: Imran remained untouched despite repeated misdeclaration of assets

As Pakistan’s economy goes down, the donations to charities of Prime Minister Imran witness an exponential rise.

Note: All proofs & details can be seen on the following link. 👇

https://factfocus.com/politics/2895/

(By Usman Manzoor)

An investigative journalist from Pakistan.

Courtesy: www.factfocus.com