The Auditor General of Pakistan (AGP) has detected a large number of irregularities, worth Rs7.44 billion, in accounts of public sector enterprises (PSEs) of Khyber Pakhtunkhwa (KP), a private media outlet has reported.
According to details, irregularities include 42 cases of provision of funds, wasteful expenditure on a rest house and delays in claim insurance.
Apart from that, there are 13 cases of less/non-recovery, irregular retention of development funds, irregular award of contract, non-depositing of interest, non-deduction of tax and 11 cases of irregularities of miscellaneous nature during the financial year 2015-16.
The audit report has also noted that the provision of funds to the Pakhtunkhwa Energy Development Organization (PEDO) was in violation of KP Energy and Power Development Fund Ordinance 2016.
During the audit of Energy and Power Development (EPD) Fund Peshawar, for the year 2015-16, AGP observed that the authorities released Rs6,977.13 million from 2012-13 to 2014-15 to the organization for 7 projects.
The EDO could only utilize Rs490.49 million during 2012-13 and 2014-15 on said projects, and the release of Rs6,486.64 million by EPD Fund was done without proper assessment and resulted in the loss of interest income amounting to Rs421.62 million.
The second problem detected in the PEDO was the irregular expenditure of Rs14.88 million incurred in the appointment of Chartered Accountants (CA). The auditors are required to be appointed in consultation with the office of the AGP.
The audit report also noted the non-recovery of outstanding dues worth Rs.66.70 million from allottees of industrial plots by Sarhad Development Authority (SDA).
During the audit for the year 2015-16, it was also observed that the management failed to recover the recurring charges on account of maintenance, water and extension from the allottees of plots at Industrial Estates, Peshawar, Gadoon, Hattar, and Nowshera.
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