AGL 39.58 Decreased By ▼ -0.42 (-1.05%)
AIRLINK 129.97 Decreased By ▼ -1.25 (-0.95%)
BOP 6.79 Decreased By ▼ -0.02 (-0.29%)
CNERGY 4.70 Decreased By ▼ -0.01 (-0.21%)
DCL 8.62 Increased By ▲ 0.18 (2.13%)
DFML 41.01 Decreased By ▼ -0.46 (-1.11%)
DGKC 81.98 Decreased By ▼ -0.11 (-0.13%)
FCCL 33.03 Decreased By ▼ -0.07 (-0.21%)
FFBL 72.00 Decreased By ▼ -0.87 (-1.19%)
FFL 12.35 Increased By ▲ 0.09 (0.73%)
HUBC 110.00 Decreased By ▼ -0.74 (-0.67%)
HUMNL 14.45 Decreased By ▼ -0.06 (-0.41%)
KEL 5.19 No Change ▼ 0.00 (0%)
KOSM 7.65 Increased By ▲ 0.04 (0.53%)
MLCF 38.52 Decreased By ▼ -0.38 (-0.98%)
NBP 63.70 Decreased By ▼ -0.31 (-0.48%)
OGDC 191.80 Decreased By ▼ -1.02 (-0.53%)
PAEL 25.45 Decreased By ▼ -0.23 (-0.9%)
PIBTL 7.40 Increased By ▲ 0.06 (0.82%)
PPL 152.00 Decreased By ▼ -2.07 (-1.34%)
PRL 25.65 Decreased By ▼ -0.18 (-0.7%)
PTC 17.61 Decreased By ▼ -0.20 (-1.12%)
SEARL 81.60 Decreased By ▼ -0.70 (-0.85%)
TELE 7.76 No Change ▼ 0.00 (0%)
TOMCL 33.60 Increased By ▲ 0.14 (0.42%)
TPLP 8.49 No Change ▼ 0.00 (0%)
TREET 16.60 Decreased By ▼ -0.02 (-0.12%)
TRG 56.80 Decreased By ▼ -0.60 (-1.05%)
UNITY 27.51 No Change ▼ 0.00 (0%)
WTL 1.35 Decreased By ▼ -0.02 (-1.46%)
BR100 10,504 No Change 0 (0%)
BR30 31,226 No Change 0 (0%)
KSE100 97,997 Decreased By -83 (-0.08%)
KSE30 30,497 Decreased By -62 (-0.2%)

ISLAMABAD: Federal Minister for Finance, Muhammad Aurangzeb acknowledged the need for revising Auditor General of Pakistan (AGP) Act in the backdrop of 18th constitutional amendment, decisions of the Supreme Court and international best practices.

The finance minister visited the office of the Auditor-General of Pakistan on Monday, where he was apprised about the challenges being faced by the department in managing the huge multiple tasks as enshrined in the constitution.

The Auditor-General of Pakistan welcomed the minister who visited the Department of the Auditor-General of Pakistan (DAGP), the Supreme Audit Institution (SAI) of Pakistan.

AGP flags major discrepancy in tax collection

The Director General (Policy), office of the Auditor-General of Pakistan gave a detailed presentation on the working of the Department of the Auditor-General of Pakistan covering its mandate and scope, interaction with the stakeholders, the internal governance and integrity mechanism and the impact of audit activity on strengthening the internal controls, stabilisation of economy and benefits for the citizen of Pakistan.

He was apprised about the audit reports which are professionally written and contain audit recommendations, are based on independently and apolitically executed audit programmes to assist the parliament and provincial legislatures in promoting transparency, accountability and good governance.

To make auditing a collaborative exercise, all PAOs, CSOs and even the general public were approached for their inputs for next year audit plans.

The finance minister took keen interest in the professional work carried out by the Department of the Auditor-General of Pakistan and emphasised upon reforms in the paradigm of Department Accounts Committee, making the principal accounting officers pay heed to the audit recommendations timely for promotion of transparency and good governance.

He acknowledged the need of revising AGP Act in the backdrop of 18th constitutional amendment, decisions of the Supreme Court and international best practices.

Furthermore, he assured his full support for establishing offices of DG Receipts Audit at provincial level to fulfill AGP’s constitutional obligation.

Copyright Business Recorder, 2024

Comments

200 characters