AGP Reveals Rs2.536 Trillion Embezzlement in PSE Accounts
Major Financial Irregularities Found in Public Sector Enterprises The Auditor General of Pakistan (AGP) has uncovered significant financial irregularities within the accounts of Public Sector Enterprises (PSEs) under the control of the federal government. These issues include embezzlement, misappropriation, and non-recovery of funds amounting to Rs2.536 trillion. The findings were detailed in the audit report for the 2024-25 fiscal year, which highlights various areas of concern across multiple sectors. Key Findings from the Audit Report The Directorate General of Commercial Audit and Evaluation (North and South) is responsible for auditing and evaluating these enterprises, which maintain their accounts on a commercial basis. The audit revealed several critical issues: Embezzlement/Misappropriation: 18 cases were identified involving Rs3,576.262 million. Irregularities in HR/Employee Matters: 134 cases were noted, totaling Rs16,965.690 million. Mis-procurement: 137 cases were...