ISLAMABAD: Sub-Committee of the Public Accounts Committee (PAC) Thursday directed Printing Corporation of Pakistan (PCP) to conduct inquires into financial losses of the corporation.
The committee met here at Parliament House under the chairmanship of convener Shafqat Mehmood Ahmed.
The committee proposed PCP that induct more experts for bringing improvement into its functioning and introduce innovative plans.
The committee also said that PCP should acquire new machinery and equipments to make the corporation a viable entity.
Chairman of the committee expressed displeasure over the absence of Managing Director Pakistan tours (PVT) Limited, Chaudhry Abdul Ghafoor.
The committee expressed reservations over the over the performance of Telephone Industries of Pakistan and loss of Rs. 10.475 million due to delay re-investment.
The chairman committee gave the time of 20 days to resolve the issues of the company and present a report to the committee in this regard.
Chairman committee directed Pakistan Telecommunication Authority (PTA) management to amend the license conditions showing that the calculations will be made on adjusted gross revenue.
The committee gave time of one month to PTA to report about irregular grant of extra allowances and financial benefits amounting to Rs. 31.461 million.
The committee decided to take up the matter with PEMRA for clarification of non -receipt of spectrum charges on account of broadcasting spectrum and FM licensing of to Rs. 642.590 million of non -receipt of spectrum charges on account of broadcasting spectrum and FM licensing of to Rs. 642.590 million.
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