The ministry has recovered outstanding loans amounting to Rs15 billion of the total Rs18.9 billion from government departments, Economic Affairs Division (EAD) Additional Secretary Hammayat Ullah Khan on Monday told a sub-committee of the Public Accounts Committee (PAC).
Appearing before the sub-committee, he said that the amount was outstanding against Azad Jammu and Kashmir, the Capital Development Authority, National Logistic Cell, Pakistan Railways, Wapda, Korangi Fish Harbour Authority, National Highway Authority and Industrial Development Bank of Pakistan.
The committee met under the chairpersonship of Yasmeen Rehman in the National Assembly Secretariat and discussed audit paras of the Ministry of Defence and Production and Economic Affairs Division (EAD) for the year 2004-05 and 2007-08, respectively.
Published in The Express Tribune, August 2nd, 2011.
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ