Privatization Commission Tells PTCL to Arrange Audit

Privatisation Commission (PC) has asked the management of Pakistan Telecommunication Company Limited (PTCL) to arrange the audit of the company by the Auditor General of Pakistan (AGP).

The PC, on August 28, 2016, decided that the apex court has not issued any restraining orders against conducting the audit of the PTCL by the AGP. Therefore, the AGP is entitled to hold the audit.

According to details, the PTCL has more than 60 per cent of the shares of Government of Pakistan. After the promulgation of 18th Amendment, the provision of Article 170 (2) has overriding effect over Section 38 (3) of the Re-organisation Act 1996.

After the Supreme Court’s orders on September 11, 2015, the AGP approached the PTCL management to provide auditable record on September 20, 2015.

The Public Accounts Committee (PAC), in its meeting held on December 15, 2015, directed the AGP to conduct the audit of PTCL. A letter in this respect was issued to the President of PTCL on December 29, 2015.

A letter was also written to the secretary ministry of information technology (MoIT) to ensure provision of record to audit, but no reply has so far been received.

The PTCL refused audit on the basis of Section 38 (3) of Pakistan Telecommunication Reorganization Act 1996 which provides that “notwithstanding anything contained in the Pakistan (audit and accounts) order 1973, the accounts of the company shall not be audited by the AGP, but shall be subjected to the order in accordance with the provisions of the Companies Ordinance 1984.”

Via Business Recorder

  • Ptcl ne apne pensioner ko 2008 se haq ni dya aur suprem court order pensioner ke hak mai hone ke bawajud ni dya

  • If govt only audit and investigate procurement department then they will find billions of kickbacks and curroption a activities in 1 week only.
    If they just check the store where more that 100k faulty devices laying dead and 80% payment made to vendors then people will know what how big fraud and corruptions going on in PTCL on public money ?
    But unfortunately the authorities well aware of it and don’t give sh***t to this as they all on the same boats ⛵️.

  • Well, audit can be done on papers. what actual going on can easily check thru complaints by customer.
    It is of common observation, Exchange now directly say to customer have this DSL Speed or leave PTCL Connection. Such black sheeps only think for their pockets, dont care for customers. Definitely, Manager cant eat unless its GM- RGM-EVP also take share from funds.

  • Audit Waly ko Wahi Chai Pani Mill Jata Hai
    Auditors Wahi Repor Dete Hai Jo Company Chahti Hai.
    Kai Bar External Audit Karwa Chucka Ho Company ki.
    Directors Finance K Sath Auditors Manager, & his Office Pehly he Setting Kar Chucky Hoty Hai .

    Mamu Bana Rahy Hai
    PTCL, Steel Mill, Custom House, FBR, Excise & Taxation, SRB, All Government Sectors, Sub ki Karwaogy Bhi na to Bhi Result Null & Void ayega.
    Because : ” Money can buy everything “

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