The Public Accounts Committee (PAC) of the National Assembly has ordered the Aviation Division to brief them on measures taken to strengthen the internal audit control system and eliminate corrupt practices in the financial management of the division.
The audit officials of the Aviation Division informed the committee regarding the non-recovery of credit sales by the Pakistan International Airlines (PIA) from Speedex. The division has recovered Rs. 10.25 million from Speedex, however, Speedex owes PIA another Rs. 4.280 million in credit sales that are yet to be recovered, audit officials told the committee.
Explaining the reasons behind the non-recovery of Rs. 4.280 million, PIA officials said that bank statements, credit receipts, recovery ledgers, and other supporting documents are not available with them. Therefore, PIA is exploring legal options to recover the outstanding amount of credit sales.
PAC expressed displeasure over this and suggested that PIA officials should verify the documents at their disposal and regularize the amount for which the record is missing. PAC strongly warned PIA officials to strengthen the internal control system of the enterprise and maintain all records of transactions.
Moreover, PAC suggested that PIA should install a digital internal control system and systematically replace manual record keeping to facilitate both the staff of PIA and the audit department.
Hina Rabbani Khar, Member National Assembly (MNA), also reviewed the audit report of all public enterprises for the year 2012-2013. MNA Syed Hussain Tariq said that the current PAC inherited 18,000 pending audit paras and hoped that the next PAC would not have to deal with this situation.
Expressing displeasure over thousands of pending audit paras, Hina Rabbani Khar said that our work is useless if we fail to discuss pending audit paras.
Via: Express Tribune