AIRLINK 212.82 Increased By ▲ 3.27 (1.56%)
BOP 10.25 Decreased By ▼ -0.21 (-2.01%)
CNERGY 7.00 Decreased By ▼ -0.35 (-4.76%)
FCCL 33.47 Decreased By ▼ -0.92 (-2.68%)
FFL 17.64 Decreased By ▼ -0.41 (-2.27%)
FLYNG 21.82 Decreased By ▼ -1.10 (-4.8%)
HUBC 129.11 Decreased By ▼ -3.38 (-2.55%)
HUMNL 13.86 Decreased By ▼ -0.28 (-1.98%)
KEL 4.86 Decreased By ▼ -0.17 (-3.38%)
KOSM 6.93 Decreased By ▼ -0.14 (-1.98%)
MLCF 43.63 Decreased By ▼ -1.57 (-3.47%)
OGDC 212.95 Decreased By ▼ -5.43 (-2.49%)
PACE 7.22 Decreased By ▼ -0.36 (-4.75%)
PAEL 41.17 Decreased By ▼ -0.53 (-1.27%)
PIAHCLA 16.83 Decreased By ▼ -0.47 (-2.72%)
PIBTL 8.63 Increased By ▲ 0.08 (0.94%)
POWERPS 12.50 No Change ▼ 0.00 (0%)
PPL 183.03 Decreased By ▼ -6.00 (-3.17%)
PRL 39.63 Decreased By ▼ -2.70 (-6.38%)
PTC 24.73 Decreased By ▼ -0.44 (-1.75%)
SEARL 98.01 Decreased By ▼ -5.95 (-5.72%)
SILK 1.01 Decreased By ▼ -0.02 (-1.94%)
SSGC 41.73 Increased By ▲ 2.49 (6.35%)
SYM 18.86 Decreased By ▼ -0.30 (-1.57%)
TELE 9.00 Decreased By ▼ -0.24 (-2.6%)
TPLP 12.40 Decreased By ▼ -0.70 (-5.34%)
TRG 65.68 Decreased By ▼ -3.50 (-5.06%)
WAVESAPP 10.98 Increased By ▲ 0.26 (2.43%)
WTL 1.79 Increased By ▲ 0.08 (4.68%)
YOUW 4.03 Decreased By ▼ -0.11 (-2.66%)
BR100 11,866 Decreased By -213.1 (-1.76%)
BR30 35,697 Decreased By -905.3 (-2.47%)
KSE100 114,148 Decreased By -1904.2 (-1.64%)
KSE30 35,952 Decreased By -625.5 (-1.71%)

Senate Standing Committee on Finance has sought audit details about utilisation of additional amount transferred to the provinces during the last two years after implementation of the 7th NFC Award. The committee directed the Auditor General of Pakistan (AGP) to furnish details of the audit as the committee wanted to know how the amount was utilised.
A member of the committee said that provinces have received huge amount after the NFC award that enhanced their share to 57.5 percent in the divisible pool. The committee also recommended to Balochistan government to immediately constitute the Public Account Committee (PAC) after senior officials of AGP asserted that there was no PAC in the province for financial accountability of the government. Additional Auditor General said that the PAC has been constituted by the other three provinces. The meeting was held with its Chairman Nasreen Jalil to have a briefing from the AGP about its role, responsibility, functions and performance. The Chairman of the Committee remarked that the role of the office of AGP is very important for the accountability of the public sector and improvement of financial governance in the country.
Senator Ilyas Balour of Awami National Party (ANP) who criticised the provincial government sarcastically stated that PAC was not constituted because there was no one in the Assembly to head it as all members of the provincial assembly were made ministers. He said that there is only opposition leader in the Balochistan. Senator Islam-ud-Din Sheikh of ruling party disagreed with Ilyas Balour and stated that around four members of the provincial assembly were not made ministers. Officials of AGP said that during the audit year 2011-12, audit of federal, provincial, and districts entities was carried out with the audited outlays of Rs 4.474 trillion, including receipts and expenditures.

Copyright Business Recorder, 2012

Comments

Comments are closed.