PAC instructs NBP to get their accounts audited by AGP

F.P Report

ISLAMABAD: National Bank of Pakistan (NBP) to get their accounts audited by the office of Auditor General of Pakistan (AGP), instructed Public Accounts Committee (PAC) on February 17th.

The meeting was held here at Parliament House under the chairmanship Rana Tanveer Hussain, MNA. The members of the committee including MNAs, Noor Alam Khan, Muhammad Ibrahim Khan, Sardar Ayaz Sadiq, Munaza Hassan, Sheikh Rohale Asghar, Syed Naveed Qamar, Hinna Rabbani Khar, Ms. Shahida Akhtar Ali and Senator Mushahid Hussain Sayed.

During the meeting, Secretary Finance informed the committee that an advice was issued to the NBP to allow audit department to conduct its audit, and the committee gave two weeks time to the Bank authority to comply with the directives of the committee.

Regarding the audit report of ZTBL, the committee also looked at the audit paras of Finance Division, Zarai Taraqiati Bank Limited (ZTBL) for the year 2019-20, maximum five highlighted paras in order of highest amount involved therein.

During the meeting, committee has directed the authorities to expedite work on recoveries of penalties, it also recommended that small loans of farmers should be right off and

committee also directed to share the details of inquiry into loss due to award of procurement contract at higher rates.