The Auditor General of Pakistan (AGP) has found financial embezzlement and irregularities and overpayment worth Rs 382 billion in different public sector entities of federal ministries during 2016-17. According to the Auditor General, the audit of 35 entities pertains to the financial year 2015-16 and 11 to previous year. However, comments of 70 organisations could not be included in the report as the concerned management failed to submit their audited accounts by the prescribed date, ie, December 31, 2016.
The audit has found embezzlement/theft/fraud of Rs 929.04 million in 10 cases, non-production of record of Rs 267,936 in 3 cases, Public Procurement Rules/Corporate Governance Rules were violated involving Rs 162.327 billion in 20 cases, blockage of funds in 4 cases involving Rs 265.31 million, 19 cases of irregular appointments having financial impact of Rs 4.725 billion, overcharging due to sale of natural gas at RLNG price amounting to Rs 1.101 billion, irregular capitalization of jobs worth Rs 10.701 billion, 31 cases of non-recovery having financial impact of Rs 121.793 billion, 4 cases of non-deduction of income tax valued at Rs 149.653 million, irregularities in asset management Rs 56.505 billion in 5 cases, procedure/rules regulations were violated in 7 cases - Rs 1.829 billion, irregular payments were reported to 4 cases - Rs 12.425 billion, irregular payments of ex-gratia/bonus in 3 cases - Rs 56.05 million, 7 cases of loss of revenue - Rs 5.825 billion, undue favour was extended in 05 cases - Rs 840.83 million and 03 case of irregular investment - Rs 2.27 billion.
Out of total budget of the entities for the financial year 2015-16, auditable transactions valued at Rs 2.937 trillion covering 113 entities fell under 23 Principal Accounting Officers. The Director General audited the expenditure and receipts of Rs 2.806 trillion which in terms of percentage is 95.53 per cent of auditable transactions including the audit receipts of Rs 1.839 trillion pertaining to these entities. According to AGP, the recovery of Rs 69.839 billion was pointed out, whereas recovery of Rs 5.397 billion was effected.
The entities whose accounts were audited are as follows; (i) Pakistan International Airlines Corporation, Aviation Division; (ii) Pakistan Bait-ul-Mall, Cabinet Division; (iii) National Insurance Company Limited, Commerce Ministry; (iv) Pakistan Reinsurance Company Limited, Commerce Ministry; (v) State Life Insurance Corporation, Commerce Ministry; (vi) Trading Corporation of Pakistan, Commerce Ministry; vii) Expo Lahore Limited, Commerce Ministry; (viii) Pakistan Tobacco Board, Commerce Ministry; (ix) Karachi Infrastructure Development Company, Ministry of Communication; (x) Karachi Shipyard and Engineering, Ministry of Defence Production; (xi) Pakistan Ordnance Factories, Ministry of Defence Production; (xii) Wah Industries Limited, Ministry of Defence Production; (xiii) House Building Finance Company Limited (HBFC), Ministry of Finance; (xiv) Pakistan Security Printing Corporation Limited, Finance Division; (xv) State Bank of Pakistan (SBP); (xvi) SME Bank Limited; (xvii) Zarai Tarqiati Bank Limited; (xviii) Kissan Support Services Limited.
The organisations/entities which fall under the administrative control of Ministry of Industries and Production are as follows: (i) Export Processing Zone Authority; (ii) Pakistan Industrial Development Corporation Medical Centre; (iii) Karachi Tool, Dies and Moulds Centre; (iv) Pakistan Chemical & Energy Sector Skill Development Company; (v) National Industrial Parks Development and Management Company; (vi) Pakistan Gems and Jewellery Development Company; (vii) Pakistan Institute of Management; (viii) Pakistan Steel Mills; (ix) Pakistan Steel Fabricating Company Limited; (x) Pakistan Machine Tool Factory Karachi; (xi) ENAR Petrotech Services Limited; (xii) Technology Upgradation and Skill Development Company; (xiii) Aik Hunar Aik Nagar; (xiv) Ceramics Development and Training Complex; (xv) Pakistan Hunting and Sporting Arms Development Company; (xvi) Heavy Electrical Complex; (xvii) Pakistan Engineering Company Limited; (xviii) National Fertilizer Corporation Limited; (xix) National Fertilizer Marketing Limited; (xx) NFC Institute of Engineering and Technology Training Limited, Multan; (xxi) NFC Institute of Engineering and Fertilizer Research Limited, Faisalabad; (xxii) Small & Medium Enterprise Development Authority; and (xxiii) Utility Stores Corporation.
Other organizations were under the administrative control of Ministry of Information and Broadcasting, Ministry of Information Technology, Ministry of Interior, Ministry of National Food Security and Research, Ministry of Overseas Pakistanis and Human Resource Development, Ministry of Petroleum and Natural Resources, Ministry of Planning, Development and Reforms, Ministry of Ports and Shipping, Strategic Planning Division, Ministry of Textile Industry and Ministry of Water and Power.
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