PM Imran Khan Deposits Precious Watch in National Exchequer

pm imran khan with Saudi prince

Prime Minister Imran Khan never stops to inspire whether that’s the cricket or politics. Most of the decisions and actions were taken by him have portrayed some benefit to the public. From announcing a scholarship for students, UN speech to opening Kartarpur Corridor he has won hearts internationally. He has left no stone unturned to prove that he is a Leader. 

Read More: Imran Khan has Inaugurated Kartarpur Gurudwara Corridor on 9th November

He has recently made an announcement of depositing precious watch in national exchequer gifted by Saudi Arabia’s Crown Prince Mohammad Bin Salman during his recent visit to Riyadh. According to the reports a precious watch reportedly Chopard, worth more than Rs16 million. However, in the past, some former politicians had kept all the gifts to them. 

According to a report on Imran Khan's official Facebook page, the premier could have retained this precious gift by paying 10% of the price but he preferred not to.

The monetary limits up to which the gifts can be retained by the recipients are as follows: -

  • Gifts up to a value of Rs. 10,000/-(Rupees ten thousand only) may be retained free of cost by the recipient subject to the provision of these rules.
  • Gifts valued above Rs. 10,000/- may be allowed to be retained by the recipient on payment of 20% of the value exceeding the basic exemption of Rs.10,000/-.
  • Gifts valued at Rs. 1.0 million or more shall not be retained by the recipient, except the President and the Head of the Government. However, the recipient of gifts comprising distinct articles but gifted in a single transaction having a collective value of Rs. 1.0 million or more shall have an option to retain any article(s) up to the collective value of less than Rs. 1.0 million only subjects to the condition that part of an article will not be allowed to be taken. 

This exemption shall however not be available in case of antiques and gifts of intrinsic historical value

  • Different gift articles given by a single dignitary to a functionary at one occasion will be treated as a single gift for the purpose of valuation.
  • The maximum monetary limit to be allowed for the retention of gifts in one calendar year for any functionary other than the President or the Prime Minister should not exceed Rupees 2.5 million. However, the gifts having value in excess of the limit of Rupees 2.5 million can be retained by the recipient on payment of 65% of the assessed value of the gifts.
  • The recipient should collect the gifts after payment of retention price within four months failing which it will become the property of the Toshakhana and will be disposed of as per Toshakhana Rules.

Although in the past some politicians kept gifts to them. However, keeping something to self with is not given to you on a personal basis is sounding illogical. The gifts are given to Pakistan by your medium. Hence, the functionary should be responsible to return it to national exchequer, because it is where those gifts belong.

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