• AGP’s report submitted to NA, to be reviewed by PAC
• Irregularities identified in Discos and petroleum division
• NTC engaging private clients outside its mandate
• Railways flagged for occupying 1,500 kanals of prime land
• Defence Services utilized near total Rs2.2tr allocation
ISLAMABAD: Finance Minister Muhammad Aurangzeb presented the Auditor General of Pakistan (AGP) report for 2025-26 to the National Assembly on Wednesday, revealing systemic financial mismanagement across federal departments, totaling billions in losses.
The audit, conducted under AGP Maqbool Ahmad Gondal, scrutinized entities including tax authorities, power and telecom sectors, railways, and social protection programs.
The report contains auditors’ observations alongside departments’ responses from DAC meetings, with findings now under PAC review.
FBR’s accounts showed Rs117.8bn in unrealized super tax revenue, alongside unclaimed duties.
The Petroleum Division reported rs117bn in gas subsidiaries and a disputed balance exceeding hundreds of billions.
Electricity distribution firms like Hesco, Lesco, and Fesco operated with unpaged 2023–25 records, lacking internal audits amid delayed subsidies and stalled projects.
The PTA avoided licensing data centers and failed to penalize Ufone for illegal SIM activations.
The National Telecommunication Corporation extended services to private clients against its public mandate.
Pakistan Railways received a qualified audit due to 1,500 kanals of land encroachment.
The CDA lacked annual financial statements and had flawed land directorate practices tied to compensation alterations.
Wapda’s Dasu Hydropower Scheme faced a 257% cost surge, while the Neelum-Jhelum plant (969MW) remains offline since tunnel collapses in 2024.
The Benazir Income Support Programme suffered from poor data management, causing duplicate benefits and ineligible recipients.
Defence Services spent virtually all Rs2.2tr, incurring a standing warning for unreconciled bank accounts and staff discrepancies.
NDMA’s audit uncovered RS952m in omitted bank balances, RS1.1bn in unaccounted Sindh tax liabilities, and RS10.8bn in untracked relief stock.
Passco faced severe demand-supply gaps, with RS257m in unrecovered wheat receivables and financing costs outpacing revenue.
The audit identified overbilling of RS32.26bn to the federal government through inflated reserves and unauthorized markups.
Persistent issues included uncollected receivables, unaudited financials, non-competitive procurement, and ignored audit recommendations.
For the first time in Pakistan’s history, the AGP’s report was digitized and shared electronically with parliament under Article 171 of the Constitution.