Earnings from Tosha Khana gifts were the biggest income for Imran Khan in his lifetime, tax record shows
Imran 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).
Usman Manzoor
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).
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”.
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.
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.)
Note: To know about the details of the misdeclarations mentioned below, readers can read the Fact Focus investigations #FerozewalaFiles by clicking here.
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)
Comment (1)
، عمران خان کے ٹیکس ریکارڈ کے مطابق توشہ خانہ کے تحائف سے حاصل ہونے والی کمائی عمران خان کی زندگی میں سب سے بڑی آمدنی تھی – جمہور
22 Apr 2022[…] یہ خبر فیکٹ فوکس کی تحقیقاتی سٹوری کا اردو ترجمہ ہے. جمہور ٹی وی یہاں قارئین کے لیے اسکا ترجمہ پیش کر رہا ہے. اصل خبر انگریزی میں یہاں پڑھی جا سکتی ہے […]