AZADPAKISTAN2009
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Reference:
Pakistan News Service - PakTribune
LAHORE: Afflicted with the worst kind of maladministration and financial irregularities, as many as 32 organisations and companies of the country have continuously been evading the accountability loop. In clear violation of the rules, these corporations and companies have not been presenting their accounts to the Auditor General of Pakistan office for auditing for the last many years. The Auditor General has made the names of such organisations and companies public in its latest report. While the Pakistan Steel Mills (PSM) is on top of the list, other companies and autonomous Pakistan office for auditing, for the last many years. The Auditor General has made the names of such organisations and companies public in its latest report.
While the Pakistan Steel Mills (PSM) is on top of the list, other companies and autonomous corporations include
Utility Stores Corporation (USC)
Small and Medium Enterprise Development Authority (Smeda)
Export Processing Zones Authority (EPZA)
Old-Age Benefits Institution, Oil and Gas Regulatory Authority (Ogra), Pakistan Tobacco Board (PTB)
Pakistan Housing Authority (PHA)
Agriculture Marketing & Storage Limited (AMSL)
National Book Foundation (NBF)
Karachi Shipyard & Engineering Works Limited (KSEW)
National Institute of Health (NIH)
Pakistan Machine Tool Factory (PMTF)
Shalimar Recording and Broadcasting Company
Pakistan Broadcasting Corporation (PBC)
National Database and Registration Authority (Nadra)
Overseas Employment Corporation (OEC)
Livestock and Dairy Development Board (LDDB)
Korangi Fisheries Harbour Authority
Overseas Pakistanis Foundation (OPF)
National Logistics Cell (NLC)
Gwadar Port Authority (GPA)
Lakhra Coal Development Company Limited(LCDC)
Government Holdings Private Limited
Pakistan Tourism Development Corporation (PTDC)
Motels North Private Limited
Malam Jabba Resort (Pvt) Limited (MJRL)
National Engineering Services Pakistan (Pvt) Limited (NESPAK) and Pakistan Science Foundation (PSF) etc., which have not presented their accounts to the AGP for auditing purposes.
Gwadar Fish Harbour is one such organisation that has not presented itself for auditing since 1986, while the Gwadar Port Authority started adopting the same strategy from 2002. Pakistan Science Foundation and PTDC have continuously been avoiding the AGP since 2007. APP, PHA and Shalimar Recording Company had not offered their accounts to the AG since 2003-04. Nadra placed itself out of the auditing loop in 2005, the golden era of good governance of General Pervez Musharraf.
According to the report, Pakistan Tobacco Board and Expo Centre have successfully been hiding their accounts from the AG since 2008-09 financial year.
The AG report alleges that all those organisations and companies have indulged in corrupt practices which have been avoided auditing during these years. Referring to one unit of the Pakistan Ordinance Factories (POF) in its report, the AG said a letter dated Aug 31, 2010, by the GM Production pointed out corruption in manufacturing of arms and explosives. The GM letter said bombs/explosives worth Rs 494.677 million were either declared faulty, or their supply was stopped for being below standard. According to the law, the maximum permitted ratio of faulty arms and ammunition is up to one to five per cent at different stages of manufacturing, while tolerance for fault in ready arms and ammunition is zero. However, in the above mentioned case, a huge quantity of ready-to-use arms was declared faulty. The AG wrote to the POF authorities about it on Sept 23 and Dec 27, 2010. The reply was received on Nov 8, 2010 and Jan 14, 2011, stating that the bombs/explosives were not rejected, and its inspection was still in progress. On Jan 18, 2011, the accounts committee asked the POF authorities to submit a fresh reply in this regard. However, no reply was received by the AG till submission of its report.
The National Book Foundation, without assessing the market demand, published or bought books worth Rs 11.276 million, which remained unsold for long. Later on, these books were declared a dead stock and disposed of for only Rs 420,733. This irregularity was committed from 2000 to 2004. However, nobody asked the head of the National Book Foundation, working under the Education Department, who was responsible for the Rs 10.9 million losses inflicted on the Foundation due to faulty planning. The Auditor General office sent various letters to the Foundation from December 27, 2006 to Nov 25, 2010, without receiving any reply. However, the Foundation, in a letter to the AG on Jan 11, 2011, said the demand for its books reduced because of publishing of books by the foreign publishers. The National Book Foundation also claimed that due to everyday new developments in the science and technology field, the books published by the Foundation have become redundant. The reply also clarified that the cost of those books was Rs 4.17 million and not Rs 11.276 million. And, therefore, it faced a loss of 3.748 million and not of Rs 10.9 million.
The Auditor General report has also pointed out a financial corruption of Rs 1.6 billion in two business deals of the Export Processing Zone Authority. The report said the Karachi Zone made no arrangements to keep 30 units running which would have made exports worth Rs 1.38 billion. The Authority gave those units various incentives and tasked them to make exports worth $162.255 million in five years. However, these units were declared sick and closed down after some time, and all money spent on them was wasted. The AG has also recommended seizing the assets and properties of these units.
The AG report has also pointed out another huge loss of Rs 2.36 billion at the hands of the Karachi Export Processing Zone Authority. The Zone allowed 19 investors an investment of Rs 2.89 billion, and gave them 18 months deadline for completion of the manufacturing units. In case of delay, these investors should have been imposed a fine of $5 per metre square. In Pakistani currency, the fine collected would have been Rs 194.4 million, but the Authority did not come into action and no fine was imposed or received.
Pakistan News Service - PakTribune
LAHORE: Afflicted with the worst kind of maladministration and financial irregularities, as many as 32 organisations and companies of the country have continuously been evading the accountability loop. In clear violation of the rules, these corporations and companies have not been presenting their accounts to the Auditor General of Pakistan office for auditing for the last many years. The Auditor General has made the names of such organisations and companies public in its latest report. While the Pakistan Steel Mills (PSM) is on top of the list, other companies and autonomous Pakistan office for auditing, for the last many years. The Auditor General has made the names of such organisations and companies public in its latest report.
While the Pakistan Steel Mills (PSM) is on top of the list, other companies and autonomous corporations include
Utility Stores Corporation (USC)
Small and Medium Enterprise Development Authority (Smeda)
Export Processing Zones Authority (EPZA)
Old-Age Benefits Institution, Oil and Gas Regulatory Authority (Ogra), Pakistan Tobacco Board (PTB)
Pakistan Housing Authority (PHA)
Agriculture Marketing & Storage Limited (AMSL)
National Book Foundation (NBF)
Karachi Shipyard & Engineering Works Limited (KSEW)
National Institute of Health (NIH)
Pakistan Machine Tool Factory (PMTF)
Shalimar Recording and Broadcasting Company
Pakistan Broadcasting Corporation (PBC)
National Database and Registration Authority (Nadra)
Overseas Employment Corporation (OEC)
Livestock and Dairy Development Board (LDDB)
Korangi Fisheries Harbour Authority
Overseas Pakistanis Foundation (OPF)
National Logistics Cell (NLC)
Gwadar Port Authority (GPA)
Lakhra Coal Development Company Limited(LCDC)
Government Holdings Private Limited
Pakistan Tourism Development Corporation (PTDC)
Motels North Private Limited
Malam Jabba Resort (Pvt) Limited (MJRL)
National Engineering Services Pakistan (Pvt) Limited (NESPAK) and Pakistan Science Foundation (PSF) etc., which have not presented their accounts to the AGP for auditing purposes.
Gwadar Fish Harbour is one such organisation that has not presented itself for auditing since 1986, while the Gwadar Port Authority started adopting the same strategy from 2002. Pakistan Science Foundation and PTDC have continuously been avoiding the AGP since 2007. APP, PHA and Shalimar Recording Company had not offered their accounts to the AG since 2003-04. Nadra placed itself out of the auditing loop in 2005, the golden era of good governance of General Pervez Musharraf.
According to the report, Pakistan Tobacco Board and Expo Centre have successfully been hiding their accounts from the AG since 2008-09 financial year.
The AG report alleges that all those organisations and companies have indulged in corrupt practices which have been avoided auditing during these years. Referring to one unit of the Pakistan Ordinance Factories (POF) in its report, the AG said a letter dated Aug 31, 2010, by the GM Production pointed out corruption in manufacturing of arms and explosives. The GM letter said bombs/explosives worth Rs 494.677 million were either declared faulty, or their supply was stopped for being below standard. According to the law, the maximum permitted ratio of faulty arms and ammunition is up to one to five per cent at different stages of manufacturing, while tolerance for fault in ready arms and ammunition is zero. However, in the above mentioned case, a huge quantity of ready-to-use arms was declared faulty. The AG wrote to the POF authorities about it on Sept 23 and Dec 27, 2010. The reply was received on Nov 8, 2010 and Jan 14, 2011, stating that the bombs/explosives were not rejected, and its inspection was still in progress. On Jan 18, 2011, the accounts committee asked the POF authorities to submit a fresh reply in this regard. However, no reply was received by the AG till submission of its report.
The National Book Foundation, without assessing the market demand, published or bought books worth Rs 11.276 million, which remained unsold for long. Later on, these books were declared a dead stock and disposed of for only Rs 420,733. This irregularity was committed from 2000 to 2004. However, nobody asked the head of the National Book Foundation, working under the Education Department, who was responsible for the Rs 10.9 million losses inflicted on the Foundation due to faulty planning. The Auditor General office sent various letters to the Foundation from December 27, 2006 to Nov 25, 2010, without receiving any reply. However, the Foundation, in a letter to the AG on Jan 11, 2011, said the demand for its books reduced because of publishing of books by the foreign publishers. The National Book Foundation also claimed that due to everyday new developments in the science and technology field, the books published by the Foundation have become redundant. The reply also clarified that the cost of those books was Rs 4.17 million and not Rs 11.276 million. And, therefore, it faced a loss of 3.748 million and not of Rs 10.9 million.
The Auditor General report has also pointed out a financial corruption of Rs 1.6 billion in two business deals of the Export Processing Zone Authority. The report said the Karachi Zone made no arrangements to keep 30 units running which would have made exports worth Rs 1.38 billion. The Authority gave those units various incentives and tasked them to make exports worth $162.255 million in five years. However, these units were declared sick and closed down after some time, and all money spent on them was wasted. The AG has also recommended seizing the assets and properties of these units.
The AG report has also pointed out another huge loss of Rs 2.36 billion at the hands of the Karachi Export Processing Zone Authority. The Zone allowed 19 investors an investment of Rs 2.89 billion, and gave them 18 months deadline for completion of the manufacturing units. In case of delay, these investors should have been imposed a fine of $5 per metre square. In Pakistani currency, the fine collected would have been Rs 194.4 million, but the Authority did not come into action and no fine was imposed or received.
