F.P. Report
ISLAMABAD: Prime Minister Shehbaz Sharif on the recommendation of Public Accounts Committee (PAC) has ordered audit of a number of institutions including Supreme Court.
Taking notice of PAC proposal, the prime minister on Wednesday issued the order for auditing accounts of Supreme Court, Oil and Gas Regulatory Authority (OGRA), National Electric Power Regulatory Authority (NEPRA) and all other institutions.
According to PAC Chairman Noor Alam Khan, the committee had written a letter to the prime minister regarding non-audit of ministries and related organisations.
Now, the auditor general has been ordered to carry out the audit of all institutions and submit a report in a month.
The PAC also directed the Federal Investigation Agency (FIA) to recover Rs44 billion from Biaco Company which instead of paying back got its name changed in SECP.
Noor Alam asked how come the SECP changed the company’s name sans ensuring repayments.
The PAC chairman directed the FIA to work with Petroleum Ministry for the recovery of the hefty amount.
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