Rs1,200 bn irregularities in corona relief: PAC seeks audit report from finance ministry, accounts committee

[FOOLS_NIGHTMARE]

The Public Accounts Committee (PAC) Thursday sought an audit report from the finance ministry and the National Accounts Committee, which had identified serious irregularities in coronavirus relief package.

The PAC held its meeting with its Chairman Rana Tanveer Hussain in the chair and examined the audit para related to Ministry of Water resources with regard to Wapda for the year 2019-20, as well as the relief package on coronavirus. It sought the audit report of over Rs1,200 billion corona relief package from the finance ministry and the National Accounts Committee.
Auditor General for Pakistan Javed Jehangir told the committee that the government had announced a relief package of Rs1,200 billion to combat corona and till June 30, 2020, Rs354 billion had been released and audited. “I cannot give a briefing on the contents of the audit report at the moment,” he said. The PAC chairman said it seemed the finance ministry had been withholding the report.
Examining the para related to irregularities in Dasu Dam, the audit officials told the committee that Wapda had released Rs4.5 billion to the contractor in advance, though land had not been acquired for the project yet.
The secretary, Ministry of Water and Resources, told the committee that the payment had to be made to the contractor.
PAC Member Syed Naveed Qamar asked that when the land was not acquired then how the contractor could starts work. The Secretary replied that the acquiring of the land was not easy.
The Audit officials told the committee that undue benefit was given to the contractor in Dasu hydropower project and Rs4.5 billion were released to him under the head of mobilisation advance, but the contractor delayed starting the work.
Rana Tanveer remarked that then we should also leave politics and become a contractor. “We refer this matter to the FIA,” he said. The PAC expressed its strong annoyance for not giving satisfactory replies on Dasu Dam and directed the secretary of Ministry of Water Resources to bring complete details of the project.
Examining another audit para relating to Wapda Colony at Thor valley, the audit officials told the committee that Wapda gave the contract for designing of the colony to DBC consultants, and due to flawed design, the flood in 2015 caused damages to the colony. The audit officials told the committee that the colony was constructed with Rs5.62 billion and the consultant firm was responsible for the loss.
The told the committee that Wapda received only Rs118 million from the firm on account of losses. The PAC chairman asked as to why the federal secretaries and top officials defend the corruption of their predecessors.
While examining the audit paras relating to Ministry of Water Resources, the PAC expressed annoyance over irregularities during the tenure of the PTI government and sought the record from Wapda for awarding the contract of Mohmand Dam to Chinese company and company of Advisor to PM on Commerce Abdul Razak Dawood-- CGGC-DESCON JV.
Chairman PAC Rana Tanveer Hussain remarked that they (PML-N govt) were giving the contract of Mohmand Dam for Rs280 billion, but later the contract was awarded to Chinese company and Company of Razak Dawood for Rs324 billion. The chairman PAC sought the complete record and details of award of contract for Mohmand Dam to Chinese company and Abdul Razak Dawood company.

Rs1,200 bn irregularities in corona relief: PAC seeks audit report from finance ministry, accounts committee

ISLAMABAD: The Public Accounts Committee Thursday sought an audit report from the finance ministry and the National Accounts Committee, which had identified serious irregularities in coronavirus...

www.thenews.com.pk

Govt delays Covid spending report | The Express Tribune

Printing deferred as auditors find serious irregularities in expenditures

tribune.com.pk

 

[Peace be there]

Fake news. Such things cannot happen under the nose of PM Imran Khan and that too in Riyasat E Madina.

 

[syedtalhamaududi]

He won't give NRO,
He will form a committee to investigate with Buzdar at its head, just chill
He will form a committee to investigate with Buzdar at its head, just chill

 

[Patriot forever]

The Public Accounts Committee (PAC) Thursday sought an audit report from the finance ministry and the National Accounts Committee, which had identified serious irregularities in coronavirus relief package.

The PAC held its meeting with its Chairman Rana Tanveer Hussain in the chair and examined the audit para related to Ministry of Water resources with regard to Wapda for the year 2019-20, as well as the relief package on coronavirus. It sought the audit report of over Rs1,200 billion corona relief package from the finance ministry and the National Accounts Committee.
Auditor General for Pakistan Javed Jehangir told the committee that the government had announced a relief package of Rs1,200 billion to combat corona and till June 30, 2020, Rs354 billion had been released and audited. “I cannot give a briefing on the contents of the audit report at the moment,” he said. The PAC chairman said it seemed the finance ministry had been withholding the report.
Examining the para related to irregularities in Dasu Dam, the audit officials told the committee that Wapda had released Rs4.5 billion to the contractor in advance, though land had not been acquired for the project yet.
The secretary, Ministry of Water and Resources, told the committee that the payment had to be made to the contractor.
PAC Member Syed Naveed Qamar asked that when the land was not acquired then how the contractor could starts work. The Secretary replied that the acquiring of the land was not easy.
The Audit officials told the committee that undue benefit was given to the contractor in Dasu hydropower project and Rs4.5 billion were released to him under the head of mobilisation advance, but the contractor delayed starting the work.
Rana Tanveer remarked that then we should also leave politics and become a contractor. “We refer this matter to the FIA,” he said. The PAC expressed its strong annoyance for not giving satisfactory replies on Dasu Dam and directed the secretary of Ministry of Water Resources to bring complete details of the project.
Examining another audit para relating to Wapda Colony at Thor valley, the audit officials told the committee that Wapda gave the contract for designing of the colony to DBC consultants, and due to flawed design, the flood in 2015 caused damages to the colony. The audit officials told the committee that the colony was constructed with Rs5.62 billion and the consultant firm was responsible for the loss.
The told the committee that Wapda received only Rs118 million from the firm on account of losses. The PAC chairman asked as to why the federal secretaries and top officials defend the corruption of their predecessors.
While examining the audit paras relating to Ministry of Water Resources, the PAC expressed annoyance over irregularities during the tenure of the PTI government and sought the record from Wapda for awarding the contract of Mohmand Dam to Chinese company and company of Advisor to PM on Commerce Abdul Razak Dawood-- CGGC-DESCON JV.
Chairman PAC Rana Tanveer Hussain remarked that they (PML-N govt) were giving the contract of Mohmand Dam for Rs280 billion, but later the contract was awarded to Chinese company and Company of Razak Dawood for Rs324 billion. The chairman PAC sought the complete record and details of award of contract for Mohmand Dam to Chinese company and Abdul Razak Dawood company.

Rs1,200 bn irregularities in corona relief: PAC seeks audit report from finance ministry, accounts committee

ISLAMABAD: The Public Accounts Committee Thursday sought an audit report from the finance ministry and the National Accounts Committee, which had identified serious irregularities in coronavirus...

www.thenews.com.pk

Govt delays Covid spending report | The Express Tribune

Printing deferred as auditors find serious irregularities in expenditures

tribune.com.pk

Corona relief fund was not donation first of all only a few million dollars were, it is well documented in loans and are reflected as such in sbp data. Secondly it was not given to distribute among the masses, the purpose was to sustain the economic impact of funds, instead of 1.2t our covid relief efforts were in the domain of 2 billion, which is very well documented includes 200b in cash dispersion. 450b in terf, similar amount in rescheduling of funds and government paying the interest on delayed payments by industries, few hundred billion rupees also when 3 months of free electricity was given to commercial connections. Extremely concessional loans were provided to hospitals to upgrade their infrastructure. You can easily find all the components of 2t economic support package extended, Sbp is very proud of it and they advertise it to the fullest.
The package is a work of art, and for people who don't understand it apart from 12000RS dispersion per family none of it was cash driven, the rest of it was facility concession policy driven, Can't do corruption when there is no cash flow.

The government is hesitant to some degree and not share all the details because a large portion of the money was spent on facilitating industry such as TERF and LTFF which by definition do not come under covid relief.
The creditors which loaned the money for covid assistance are going to raise questions about why the sum was used to provide concessions for new machinery imports and expansion which is no where related to covid relief.

I hope I made it easy enough for simple understanding. To further understand our fiscal deficit sho

Our debt to gdp ratio only increased marginally (most of the package was debt) was infa t the lowest, on the other hand India increase is in double.

Dasu dam project story is well documented, the afore mentioned part is just one of the many sites operating under different contractors. The particular contractor was supposed to start work but due to delay in land acquisition (as usual in our country not all the people are going to sell their land to the government at rates offered by government, sometimes the price offered is very low, sometimes people just want to make some extra) on that particular site, the machinery is sitting idle and the cost of rent of heavy equipment and maintainance/labour is bore by the contractor. Anyone in the construction industry understands these costs.


The other flawed design of colony is from plmn time.

 

[FOOLS_NIGHTMARE]

Fake news. Such things cannot happen under the nose of PM Imran Khan and that too in Riyasat E Madina.

My friend this is our internal matter and not your domain to judge. Whilst your criticising our PM is unwarranted here, bear in mind your PM Modi has 100 times more Scandals reported on a regular basis.
Back to the topic.

 

[fisher1]

Remember Imran Nazi came to power saying others were corrupt?

Imran Nazis corruption makes all previous leaders look like angels.