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Tag Archives: PAC told

Housing units included in NPHS launched by PML-N govt, PAC told

February 26, 2021

ISLAMABAD: The Ministry of Housing and Works on Thursday informed the Public Accounts Committee (PAC) that Rs650 billion worth of 1,000 housing units included in the Naya Pakistan Housing Scheme (NPHS) had been originally launched by the previous PML-N government. The new housing units to be constructed by the Naya Pakistan Housing and Development Authority (NPHDA) under the prime minister’s …

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Rs423bn lapsed in 2017-18 due to negligence, PAC told

February 20, 2020

ISLAMABAD: The finance ministry on Wednesday informed the Public Accounts Committee (PAC) that Rs423 billion had lapsed during 2017-18 since the ministries concerned did not surrender the unspent amounts in a timely manner. While briefing the PAC, Finance Secretary Naveed Kamran Baloch said that a huge chunk of the lapsed amount — Rs266.3bn — was of the development budget, Rs53bn …

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Circular debt has risen to Rs1.4tr, PAC told

January 2, 2019

ISLAMABAD: Circular debt, which stood at Rs1.14 trillion during the term of the previous government, has now increased to Rs1.4 trillion. The energy sector’s circular debt has reached Rs1,362 billion mark, of which Rs755bn is of the Power Holding Company Limited and Rs607bn of Standby Term Finance Facility loans. This was said by Power Division Secretary Irfan Ali while briefing the Public …

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