The ECP, in a unanimous verdict, said the commission found that 34 foreign donations were taken in fundraising. The donations were taken from America, Australia, Canada, and the UAE.
In addition, PTI took funds from an American businessman, the ECP said.
Unknown accounts have also come to light, said the commission in its verdict, adding that hiding accounts are a "violation" of Article 17 of the Constitution.
The ECP also found that PTI Chairman Imran Khan submitted a false Nomination Form I and that the affidavit provided regarding party accounts was false.
The ECP has issued a show-cause notice to PTI.
In a press conference following the verdict, PTI Central Deputy Secretary Information Farrukh Habib said that foreign funding was "not proved against the party".
"The verdict disappointed those who were pushing the narrative of foreign funding against the PTI," said Habib.
He said that the PTI was of the view from day one that the case was related to prohibited funding and not foreign funding.
Raising questions over the ECP, the PTI leader said that the IHC had ordered a probe into the accounts of all the political parties without any discrimination.
He said that the scrutiny committee tasked to probe the accounts of PTI completed its work on time but the committees established to check the accounts of PPP and PML were yet to submit their report.
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