AGL 38.80 Decreased By ▼ -0.78 (-1.97%)
AIRLINK 131.26 Increased By ▲ 0.04 (0.03%)
BOP 6.77 Decreased By ▼ -0.04 (-0.59%)
CNERGY 4.66 Decreased By ▼ -0.05 (-1.06%)
DCL 8.45 Increased By ▲ 0.01 (0.12%)
DFML 41.00 Decreased By ▼ -0.47 (-1.13%)
DGKC 81.76 Decreased By ▼ -0.33 (-0.4%)
FCCL 32.83 Decreased By ▼ -0.27 (-0.82%)
FFBL 72.39 Decreased By ▼ -0.48 (-0.66%)
FFL 12.52 Increased By ▲ 0.26 (2.12%)
HUBC 110.74 No Change ▼ 0.00 (0%)
HUMNL 14.10 Decreased By ▼ -0.41 (-2.83%)
KEL 5.13 Decreased By ▼ -0.06 (-1.16%)
KOSM 7.68 Increased By ▲ 0.07 (0.92%)
MLCF 38.63 Decreased By ▼ -0.27 (-0.69%)
NBP 63.10 Decreased By ▼ -0.91 (-1.42%)
OGDC 189.90 Decreased By ▼ -2.92 (-1.51%)
PAEL 25.50 Decreased By ▼ -0.18 (-0.7%)
PIBTL 7.40 Increased By ▲ 0.06 (0.82%)
PPL 150.00 Decreased By ▼ -4.07 (-2.64%)
PRL 25.48 Decreased By ▼ -0.35 (-1.36%)
PTC 17.42 Decreased By ▼ -0.39 (-2.19%)
SEARL 81.25 Decreased By ▼ -1.05 (-1.28%)
TELE 7.72 Decreased By ▼ -0.04 (-0.52%)
TOMCL 33.15 Decreased By ▼ -0.31 (-0.93%)
TPLP 8.38 Decreased By ▼ -0.11 (-1.3%)
TREET 16.87 Increased By ▲ 0.25 (1.5%)
TRG 58.05 Increased By ▲ 0.65 (1.13%)
UNITY 28.10 Increased By ▲ 0.59 (2.14%)
WTL 1.35 Decreased By ▼ -0.02 (-1.46%)
BR100 10,465 Decreased By -39 (-0.37%)
BR30 30,935 Decreased By -291 (-0.93%)
KSE100 97,693 Decreased By -387.3 (-0.39%)
KSE30 30,399 Decreased By -159.3 (-0.52%)

The Public Accounts Committee (PAC) of National Assembly on Tuesday directed Ministry of Defence Production to stop buying from contractors involved in deception and misappropriation. The PAC meeting chaired by its chairman Chaudhry Nisar Ali Khan reviewed the audit reports of the ministry for the year 2005-06.
Audit reports revealed that a loss of Rs 24.960 million was incurred to the government due to two contracts of skimmed milk powder in Pakistan Mission at Paris. It showed that one company failed to provide 500 ton milk powder within stipulated period of time, while 138 tons milk powder out of total 189 provided by the other company was unfit for human consumption.
Nisar directed the ministry to improve the system for awarding the contracts and blacklist the companies failing to deliver. The ministry was also asked to give due importance to the observations of audit authorities.
Earlier, the audit authorities besides other reports informed the PAC panel about unauthorised investment of Rs 90 million government money in profit and loss term deposit scheme by Pakistan Aeronautical Complex, Kamra. Chairman Pakistan Aeronautical Complex, Kamra said that the fund was utilised as it was not meant to be used immediately.
Nisar said that rules and regulations must be followed in any case. He directed the concerned authorities to regularise the matter through Ministry of Defence Production within one month. He also directed Secretary Ministry of Defence Production to ask all the departments under him to inform him about all the legal cases related to contracts with different firms. He also asked him to revisit the contracting system so that in future no contractor can deceive the ministry.

Copyright Business Recorder, 2009

Comments

Comments are closed.