Pakistan: Irregularities of Over Rs 37.6 Trillion Uncovered in Last Fiscal Year
Islamabad ( Web News )
Irregularities amounting to more than Rs 37.6 trillion occurred in the last fiscal year, according to the newly released audit report.
The Auditor General of Pakistan has issued a new audit report for the fiscal year 2024–25, comprising 4,879 pages, which reveals financial irregularities exceeding Rs 37.6 trillion.
According to the report:
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Violations of PPRA rules led to irregularities worth Rs 28.4 trillion.
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Poor-quality and incomplete civil works with delays caused irregularities worth Rs 8.5 trillion.
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Issues related to receivables and recoveries resulted in irregularities of Rs 250 billion.
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Failure to resolve circular debt led to irregularities of Rs 1.2 trillion.
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Violations of laws and regulations caused irregularities amounting to Rs 958 billion.
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Weaknesses in internal controls resulted in irregularities of more than Rs 677 billion.
The audit report further revealed:
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Mismanagement of assets caused irregularities of Rs 678 billion.
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Contract management issues resulted in irregularities worth Rs 280 billion.
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Service delivery and value-for-money issues caused irregularities exceeding Rs 73 billion.
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Non-receipt of government shares led to losses of more than Rs 47 billion.
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Land encroachments and illegal use of property resulted in losses of Rs 44.56 billion.
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Excess payments and short recoveries caused losses of Rs 44.54 billion.
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Unauthorized expenditures led to losses of Rs 27.89 billion.
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Employee and HR-related issues resulted in losses of Rs 26.99 billion.
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Reckless and illegal investments caused losses of Rs 25.32 billion.
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Closure of capital and claims led to losses of Rs 17.57 billion.
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Shortfalls in revenue collection caused losses exceeding Rs 16 billion.
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Disaster risk management issues led to losses of Rs 14.53 billion.
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Mismanagement of commercial bank accounts resulted in losses of Rs 10.45 billion.
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Non-provision of audit records by certain institutions caused losses of Rs 8.6 billion.
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Civil works design and valuation problems led to losses of Rs 7.7 billion.
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Misappropriation and corruption of public funds caused losses of Rs 6.3 billion.