Pakistan

AGP uncovers Rs6.98 trillion in irregularities

May 04, 2010

ISLAMABAD: Auditor General of Pakistan (AGP) has exposed claims of good governance and better fiscal policies by the sitting government by pointing out widespread financial irregularities amounting to over Rs6.98 trillion in the audit report for the financial year, 2008-9, the first fiscal year of the ruling coalition.

The highest irregularities - Rs116.341 billion - have been detected in the Federal Board of Revenue, followed by Rs111.174 billion in accounts of the ministry of Water and Power and Rs22.323 billion in the accounts of civil works of various government agencies.

The audit report on the accounts of ministry of Petroleum and Natural Resources reveals financial irregularities worth Rs17.239 billion and it reveals that Pakistan Railways has committed financial wrongdoings worth Rs15.677 billion.

The management of the Pakistan Steel also failed to satisfy the auditors about irregularities amounting to Rs15.656 billion.

The report has detected irregularities of over Rs7.84 billion in the accounts of Trading Corporation of Pakistan, over Rs3.844 billion in the telecommunication sector and over Rs2.5 billion in the accounts of defence services, including the Pakistan Army, Pakistan Air Force and Pakistan Navy.

An anomaly of over Rs2.95 billion has been detected in the accounts of the Sui Southern Gas Company Limited.

The report has also found anomaly of Rs1.08 billion in the accounts of Employees Old-age Benefit Institute.

Following are the departments, corporations and ministries where the audit reports have detected irregularities worth over Rs100 million:

Pakistan Baitul Maal (Rs941 million)

Port Qasim Authority (Rs762m)

Pakistan State Oil (Rs650m)

Ministry of Foreign Affairs (Rs574m)

Pakistan Ordnance Factories (Rs529m)

Pakistan Re-Insurance Company Limited (Rs506.36m)

Pakistan Agricultural Storage and Services Corporation Limited (Rs463m)

Pakistan Television Corporation (Rs421m)

Pakistan International Airlines (Rs347m)

National Fertilizer Marketing Limited (Rs248m) Utility Stores Corporation (Rs247m)

Oil and Gas Development Company Limited (Rs242m)

Zakat and Ushr (Rs234m) Pakistan Broadcasting Corporation (Rs150m)

National Logistic Cell (Rs115m) and Export Processing Zones Authority (Rs104m).

Pakistan Atomic Energy Commission (Rs 723 million)

Ministry of Petroleum and Natural Resources (Rs 539 million)

Ministry of Science and Technology (Rs 1.1 million)

Ministry of Social Welfare (Rs 2.9 million)

Textile Ministry (Rs 11.7 million)

Ministry of Women Development (Rs 100 million)

Ministry of Livestock and Korangi Harbor Authority (Rs 662000)

ERRA (Rs 3.62 billion)

COMMENTS (5)

anwaarahmad | 14 years ago | Reply One can not condone the blunders and mismanagement of this government,but Audit has a peculiar sense of raising objections.However they have been always been careful during military dictatorship.Look at the figure pointed out as ir regularity in ministry of defence.

Farid Sarwar Bhatti | 14 years ago | Reply What a shameful expressions of our Governments Personnels.I am blaming people (so called officers) ,not the departments.They are actualy and should be servant for public masses ,but alas they Govern the public by hook and by crook. This is all bcz of corrupt leaders with dirty in their nature.

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muhammed ashraf gandhi | 14 years ago | Reply dont worry agp report for the year 2009-2010 would be more shameful.not only the ruling class also the opposition is not farbehind.

Meekal Ahmed | 14 years ago | Reply Yes, madam, the IMF certainly does. No wonder they half-believe, or not at all, the data you give them. The US sees this as well which is why they want their aid audited. I hope the plan to use local Pakistani chartered accountant firms is still intact. Now that the AG has pointed out the irregularities, it is up to Parliament to take the matter up. But I wouldn't hold my breath.

S.A.R.A | 14 years ago | Reply Ufffffff tobah! Don't the friggin IMF or Kerry Lofar see this?

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