Islamabad, Mar 13, 2025: In a recent session of the Public Accounts Committee (PAC), various critical financial irregularities, underutilized funds, and unlawful activities came under scrutiny.
The committee evaluated audit objections and instructed the relevant departments to take immediate corrective measures.
A major concern raised was the non-utilization of Rs. 27.5 million from the Economic Development Fund (EDF) over the past five years.
The chairman emphasized the urgency of accountability and requested a comprehensive report detailing the project’s current status.
An inquiry has been initiated to determine the causes of negligence and to identify those responsible for the lapse.
The committee also reviewed an audit objection concerning an alarming rise of Rs. 89.72 billion in interest on a loan acquired by the Trading Corporation.
PAC directed the Ministry of Commerce to collaborate with the Ministry of Finance and resolve the issue within a month.
This development has raised serious concerns about financial management and oversight of public resources.
Additionally, the committee examined an audit objection regarding the sale of rice mill plants in the fiscal year 2023-24.
Findings revealed that the sale proceeded without conducting a proper market evaluation, sparking concerns over transparency and potential financial setbacks.
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PAC instructed the Department of Audit and Accounts (DAC) to conduct a reassessment of the sale process to ensure compliance with regulatory standards.
The issue of unauthorized hiring of security guards in the Pakistan Reinsurance Company was also addressed.
The committee expressed dissatisfaction with the breach of recruitment protocols and demanded a thorough investigation.
The management has requested a detailed report within a month to ensure that hiring practices adhere to legal and procedural guidelines.
PAC also investigated an audit objection regarding illegal encroachments on State Life Insurance plots in Lahore.
Officials disclosed that they had established a cemetery on the disputed land, highlighting the gravity of the situation.
The committee ordered an immediate probe and requested a full report within a month.
Furthermore, the authorities have referred the investigation into irregular appointments within State Life Insurance to the Para Establishment Division for further examination.
During the proceedings, the PAC chairman took decisive action by expelling a Ministry of Law representative for undisclosed reasons.
As a follow-up, the committee has summoned the Secretary of Law and Justice to appear in the next session to clarify the matter.
Due to a lack of quorum, the chairperson adjourned the meeting, leaving several critical issues pending further deliberation.
