Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Irregularities, fraud detected in Petroleum Ministry
03-16-2010, 12:41 PM
Post: #1
Irregularities, fraud detected in Petroleum Ministry
Irregularities, fraud detected in Petroleum Ministry

ISLAMABAD: The Ministry of Petroleum and Natural Resources had released a misappropriate amount of Rs 3.77 billion to the gas companies as 100 percent advance before commencement of the gas provision schemes, while another amount of Rs 0.157 billion was released without identifying the specific schemes during the fiscal year (FY) 2007-2008.

Auditor General of Pakistan’s (AGP) report revealed that an amount of Rs 3.377 billion was released as advance payment to Sui Northern Gas Pipeline Limited (SNGPL) during the FY2007-08 as per the directive of the prime minister.

The report said payments aggregating to Rs 3.377 billion were made to gas companies in advance for gas provision schemes but gas companies kept the amount in banks and earned income in the shape of interest beside this the interest earned by the companies on the public money was required to be deposited into the government’s account.

According to the document, the ministry did not obtain specific detail estimates of the schemes by the gas companies while releasing another amount of Rs 0.399 billion. Ministry of Petroleum has released such payments for the last eight years but no record was available to ascertain the implementation status of the schemes. AGP sources said no audited statement of the accounts of gas companies as well as progress and completion report of the projects were obtained to ensure that billions of rupees released by the ministry had been spent on the said schemes for which the amount was intended. zeeshan javaid
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  CDA Initiates Automation of Property Records for the Past 9 Years to Prevent Fraud Ca LRE-Azan 0 154 01-05-2024 07:08 PM
Last Post: LRE-Azan
  The ministry is considering introducing a bill to safeguard the property of Overseas LRE-Azan 0 601 04-01-2023 12:56 PM
Last Post: LRE-Azan
  Lahore: Online Fraud on Rise LRE-Azan 0 1,210 11-22-2021 08:16 PM
Last Post: LRE-Azan
  Housing ministry allocates 70 plots against constitutional quotas LRE-Azan 0 4,073 11-06-2017 04:37 PM
Last Post: LRE-Azan
  Ministry of commerce Employees co op housing scheme Islamabad newspaper ad CMY 0 8,527 01-21-2014 09:39 PM
Last Post: CMY
  Housing Ministry asked to devise mechanism for ensuring transparency Salman 0 4,580 01-15-2014 05:10 PM
Last Post: Salman
  FDA Declared Citi Housing Scheme Plot Registration AS Fraud Salman 0 10,167 12-21-2013 12:41 PM
Last Post: Salman
  Irregularities Unearthed In CDA’s Accounts Salman 0 6,751 09-04-2013 08:38 PM
Last Post: Salman
  Billions of rupees irregularities unearthed in allotment of CDA plots Salman 0 8,468 09-02-2013 12:50 PM
Last Post: Salman
  Provincial Government Accepts Land Scam Fraud Committed By DHA Salman 0 8,539 08-16-2013 11:59 AM
Last Post: Salman
  Rs117b irregularities detected in CDA Salman 0 3,482 06-17-2013 01:48 PM
Last Post: Salman
  Fraud in land use, allotments: LDA plans probes into housing schemes affairs Salman 0 6,016 10-09-2012 05:51 PM
Last Post: Salman
  Ministry asks NHA to scrap Rs36 billion road contract Salman 0 5,549 10-05-2012 01:31 PM
Last Post: Salman
  Housing Ministry asked to expedite work on ongoing projects Salman 0 5,127 07-19-2012 12:37 PM
Last Post: Salman
  Land fraud case: Bahria Town plea rejected third time Salman 0 16,041 07-17-2012 01:22 PM
Last Post: Salman
  ACE to probe land fraud case Salman 0 4,408 03-30-2012 12:42 PM
Last Post: Salman
  Housing Ministry making efforts to retrieve grabbed land’ Salman 0 4,439 03-09-2012 12:17 PM
Last Post: Salman
  Defence Ministry told to produce purchase deed of Jinnah House Lahore_Real_Estate 0 6,330 12-20-2011 01:48 PM
Last Post: Lahore_Real_Estate
  Housing Ministry sends FGEHF Bara Kahu scam report to NAB, FIA Salman 0 4,842 12-10-2011 11:50 AM
Last Post: Salman
  Ministry, CDA helpless to get G-6 flats vacated from police Salman 0 3,848 11-29-2011 12:42 AM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: 1 Guest(s)