Monitoring Progress: Panel to be briefed on Rs1.5b fraud

Committee would be given detailed briefing by SBP

ISLAMABAD: The Senate Standing Committee on Finance, Revenue, Economic Affairs and Narcotics Control would be briefed on Wednesday (October 18) on financial fraud amounting to Rs1.5 billion from accounts of Abandoned Properties Organization (APO).

The committee, which is scheduled to meet under the chairmanship of Senator Saleem Mandviwalla, would be given a detailed briefing by the State Bank of Pakistan (SBP) on the issue.



The National Accountability Bureau (NAB) would also present its progress report to the committee on the amount recovered by the bureau from illegal Modaraba companies and distribution among the Modaraba effected persons.

The senate committee would also be briefed by the Federal Board of Revenue (FBR) on the audit of withholding taxes collected by the telecom sector, the notification added.

Published in The Express Tribune, October 18^th, 2017.

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