Irregularities of Rs300 billion found in Punjab Finance Department: Auditor General

[Syed1]

Irregularities of Rs300 billion were identified in Government of Punjab's financial dealings for the year 2015-16, according to the Auditor General of Pakistan's (AGP) audit report on the accounts of the Government of Punjab.

The report, a copy of which is available with DawnNews, is titled "Audit report on the Accounts of Government of Punjab Audit Year 2016-17" but pertains to the fiscal year 2015-16.

The report says Rs287 billion worth of overall irregularities occurred due to inefficient budgetary/financial management. Of that figure, Rs27bn were excess payments made for the Lahore Orange Line Metro Project.

The AGP, in the report, states that Rs63.71bn were unduly retained for development funds, planned receipts were short by Rs35.29bn, whereas Rs5.07bn were lost due to non-investment in General Provident Investment Fund.

The report found that "weak financial management for issuance and utilization of supplementary grants" cost the provincial treasurer a loss of Rs103.96bn.

The report also pointed out that Punjab government failed to recover Rs5.47bn in electricity charges from autonomous bodies.

"Funds to the tune of Rs8.66bn were directly released to the State Bank of Pakistan in 26 cases for further credit to different agencies...without routing them through Accountant General Punjab for pre-audit," the report adds.

https://www.dawn.com/news/1387057/i...-in-punjab-finance-department-auditor-general

 

[Syed1]

But but Showbaz is the best person to be PM

 

[Bewal Express]

But but Showbaz is the best person to be PM

[MENTION=101697]LegendInzi[/MENTION] - is this army to blame for this Saazish. Or Is the PTI to blame for Nooras stealing and not keeping records so that they dont end up in court.

 

[Syed1]

[MENTION=101697]LegendInzi[/MENTION] - is this army to blame for this Saazish. Or Is the PTI to blame for Nooras stealing and not keeping records so that they dont end up in court.

Don't divert the topic ok..... We should talk about who made Mush escape

 

[LegendInzi]

Don't divert the topic ok..... We should talk about who made Mush escape

Still waiting for an acceptable answer on the other thread.

 

[LegendInzi]

Regarding this thread, kudos to Punjab govt for giving autonomy to departments where they can act without fear of repercussions...such reports are a constructive way forward

And I hope action is taken soon to eradicate these irregularities and guilty held responsible

 

[LegendInzi]

Regarding this thread, kudos to Punjab govt for giving autonomy to departments where they can act without fear of repercussions...such reports are a constructive way forward

And I hope action is taken soon to eradicate these irregularities and guilty held responsible

*Federal

 

[Bewal Express]

Regarding this thread, kudos to Punjab govt for giving autonomy to departments where they can act without fear of repercussions...such reports are a constructive way forward

And I hope action is taken soon to eradicate these irregularities and guilty held responsible

Can u explain a little more of why the figure is so high. Whats reason for billions to be spent irregularly basically meaning no records are kept to avoid being trapped later. Talking about the great federal government you may want to read this.
https://www.pakistantoday.com.pk/2017/08/29/something-fishy/
Oh dear, it must be the army stealing the money and stopping Nooras from keeping accounts.