The audit report for the year 2015-16 has been presented in the National Assembly. Later, the speaker sent the report to the Public Accounts Committee. The report consists of 13 cases of Rs 480.358 million of theft, fraud and embezzlement; non-production of record in two cases of Rs 9.262 billion; violation of public procurement rules in 43 cases worth Rs 5.42 billion; over payments, recovery and dues pointed out in 45 cases of Rs 153.6 billion; non-protection of assets of Rs 11.8 billion in 15 cases; 24 cases of irregular appointments and promotions with financial impact of Rs 174.99 million; blockage of funds in six cases of Rs 163.425 million; irregular payment of donations in three cases of Rs 188.5 million; undue favour extended in five cases of Rs 27.23 million; and procedure and rules were violated in 40 cases worth Rs 198.8 billion.
These corporations made irregular payments in nine cases of Rs 75.55 million, 15 cases of loss of revenue of Rs 12.44 billion while in four cases the corporations invested Rs 60 billion.
The irregularities have been reported in PIA, Printing Corporation of Pakistan, Oil and Gas Regularity Authority, Pakistan Baitul Maal, Pakistan Tourism Development Corporation, NICL, Pakistan Insurance Company, State Life Corporation, Trading Corporation of Pakistan, Karachi Shipyard, Pakistan Ordnance Factories, Wah Noble, HBFCL, Pakistan Security Printing Corporation, State Bank of Pakistan, SME Bank, Zari Taraqiati Bank, Pak-China Investment, NIH, PIDC, Pakistan Steel Mills, HMC, HEC, NFCL, NFML, Utility Stores Corporation, PTV, Pakistan Software Export Board, NADRA, PASSCO, EOBI, OEC, PPL, PSO, SSGCL, OGDCL, SNGPL, NLC, PIDE, Gwadar Port Authority and Port Qasim Authority.http://dailytimes.com.pk/pakistan/05-Oct-16/rs-852-billion-corruption-in-public-sector-entities-exposed
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