PAC traces financial irregularities worth millions in development funds

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ISLAMABAD: The Public Accounts Committee (PAC) on Monday revealed that an amount of Rs 203 million was allegedly embezzled from the funds allocated for the four development projects in 2017-18. The alleged financial irregularities worth millions were exposed in the meeting of PAC’s sub-committee chaired by convenor Ghulam Mustafa Shah. The participants reviewed the grants allocated for development projects in 2016-17 and 2017-18 under the Law and Justice Division. During the review, the meeting participants found that an amount of Rs 203 million was missing from the grants received for four projects in 2017-18. The sub-committee ordered a fact-finding inquiry into the matter within a month. DNA