Latest news with #Rs0.56
Business Recorder
2 days ago
- Business
- Business Recorder
Payments made to cover Naqvi's expenses: Rs4.17m malfeasance uncovered in PCB
ISLAMABAD: Irregularities worth Rs4.17 million have been detected in the Pakistan Cricket Board (PCB), where unauthorised payments were made to cover the utility bills, fuel, and accommodation expenses of its Chairman, Mohsin Naqvi, despite his concurrent role as Federal Minister for Interior. According to the Audit Report 2024-25, the PCB spent Rs2.45 million on utility bills for Naqvi's Lahore residence, Rs1.16 million on fuel for an official Toyota Fortuner, and Rs0.56 million on accommodation at a five-star hotel in Islamabad between February and June 2024. The report held that these expenses were unauthorised, as the Chairman, being a federal minister, was already entitled to such privileges under the Federal Ministers and Ministers of State (Salaries, Allowances and Privileges) Act, 1975. Naqvi all set to become PCB chairman today Auditors rejected the PCB's defence that the payments were permissible under its bye-laws, stressing that no individual can claim the same facilities from two different sources. The Departmental Accounts Committee (DAC), in its January 2025 meeting, directed recovery of the accommodation charges and sought clarification on the remaining expenses. The report has recommended full recovery of the irregular payments and submission of verified records for audit examination. The revelations come at a time when PCB is already under heightened scrutiny over the financial management of PSL 9, raising further concerns about governance and accountability within the country's premier cricketing body. Copyright Business Recorder, 2025
Business Recorder
24-05-2025
- Business
- Business Recorder
NAB recovers, disburses over Rs88bn during 1st quarter of 2025
The National Accountability Bureau (NAB) recovered and disbursed over Rs88 billion during the first quarter of 2025 (January–March), it said in a press release on Saturday. The recoveries included direct recoveries worth Rs2.085 billion and indirect recoveries amounting to Rs86 billion, involving public and private lands associated with cases of illegal transfer and occupation. 'The disbursed amounts were returned to the relevant affected entities,' the statement read. Regarding indirect recoveries, NAB (Balochistan) retrieved state land measuring 340 acres of Chiltan Park and 250 acres of Forest department which translate into Rs6.45 billion, NAB (KPK) secured Rs0.56 billion in case titled inquiry against officers/officials of University of Swabi, Revenue and Forest departments, NAB (Lahore) recovered Rs70.87 billion in three mega cases including Employees Cooperative Housing Society, State Life Insurance Employees Cooperative Housing Society and Sarwar Omega Villas, NAB (Multan) recovered Rs0.013 billion in GFS 7 wonders housing Scheme while NAB(Sukkur) recovered 610 acres of NHA land worth of Rs8.53 billion. Housing scam victims: NAB Lahore disburses Rs1.34bn Regarding disbursement of direct recoveries, NAB transferred Rs9.72 million directly to the federal government, Rs10.80 million to provincial governments and Rs73.51 million to different department/financial institutions, etc. Further, a significant portion amounting to Rs19.90 billion has been directly distributed to 19,105 victims of various scams, according to NAB statement. This includes Rs72.04 million to 4,778 affectees of National House Building and Road Development Corporation by NAB (Rawalpindi), Rs1.168.26 billion to 11,855 affectees of Eden Housing Case by NAB (Lahore), Rs405.08 million to 989 affectees of SHG & Others case by NAB(Lahore), Rs111.08 million to 496 affectees of Arain City case by NAB (Rawalpindi), Rs109.15 million to 452 affectees of Toyota Motors Gujranwala case by NAB (Lahore), Rs23.56 million to 246 affectees of Gulshan-e- Rehman case by NAB (Rawalpindi) Rs12.07 million to 99 affectees of THG case by NAB (Lahore), Rs47.31 million to 60 affectees of Gilani Housing Corporation by NAB (Rawalpindi), Rs. 3.631 million to 78 affectees of Ahmed City Housing Scheme by NAB (Lahore) and Rs38.59 million to 52 affectees of other various scams. 'The recoveries made in the first quarter of 2025 has taken the NAB's overall recovery amount since its inception to Rs6.236 trillion, of which 62.92% (Rs3.92 trillion) were recovered in last 18 months. 'These recoveries were made from individuals and entities through plea bargains, voluntary returns and settlements,' the statement read.
