Tag Archives: Rs423bn lapsed in 2017-18 due to negligence

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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