Accountability and Financial Recoveries

A great achievement had been done to Recovered bank guarantees against incomplete projects, worth Rs. 4, 410, 0000/- from M/s Matracon Pakistan Pvt. Ltd after win the case from Court and coordination with Bank Authorities, which was pending since long. During Public Accounts Committee (PAC) meetings a lot of settlements were made.  An amount of Rs.  18. 60 Millions recovered from different stakeholders; identified by audit parties as financial incongruity. While an amount of Rs 148.56 Millions settled and justified as the correct and legal use rather than erroneous disbursements.