Pakistan

One-fourth of budget embezzled in power sector, says Imran Khan

ISLAMABAD: Pakistan Tehrik-e-Insaf (PTI) chief Imran Khan has said that an amount equal to one-fourth of the federal budget plundered in last five years, ARY News reported.

He was commenting over a report of the Auditor General about subsidies and 200 percent hike in power tariffs.

PTI Chief held PPP-PML-N alliance responsible for the staggering corruption.

The auditor general of Pakistan (AGP) in a report submitted to the President found embezzlement, misappropriation and irregularities of around Rs980 billion in the accounts of Water and Power Development Authority (Wapda) and other power companies working under the Ministry of Water and Power in the audit year 2013-14.

The amount is equal to around one-fourth of the Rs4 trillion federal budget for fiscal year 2015-16.

According to reports in the past five years, the federal government is estimated to have injected more than Rs2 trillion into the power sector of the country, besides increasing consumer tariff by about 200 per cent.

Former federal minister of finance Saleem Mandviwala talking to ARY News has commented that the people suffering for what he called the drawbacks of an ineligible government.

The AGP in the report to the president of Pakistan has put together findings from an audit of the accounts of Wapda, four generation companies (Gencos), 10 distribution companies (Discos) and the National Transmission and Dispatch Company (NTDC).

The AGP has requested the President to order inquiry over the findings.

ISLAMABAD: Pakistan Tehrik-e-Insaf (PTI) chief Imran Khan has said that an amount equal to one-fourth of the federal budget plundered in last five years, ARY News reported.

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