AIRLINK 71.90 Increased By ▲ 0.21 (0.29%)
BOP 5.01 Increased By ▲ 0.01 (0.2%)
CNERGY 4.41 Increased By ▲ 0.02 (0.46%)
DFML 28.99 Increased By ▲ 0.44 (1.54%)
DGKC 82.75 Increased By ▲ 0.35 (0.42%)
FCCL 21.84 Decreased By ▼ -0.11 (-0.5%)
FFBL 33.93 Decreased By ▼ -0.22 (-0.64%)
FFL 10.07 Decreased By ▼ -0.01 (-0.1%)
GGL 10.58 Increased By ▲ 0.46 (4.55%)
HBL 112.69 Decreased By ▼ -0.31 (-0.27%)
HUBC 140.50 No Change ▼ 0.00 (0%)
HUMNL 8.45 Increased By ▲ 0.42 (5.23%)
KEL 4.61 Increased By ▲ 0.23 (5.25%)
KOSM 4.56 Increased By ▲ 0.06 (1.33%)
MLCF 38.10 Increased By ▲ 0.09 (0.24%)
OGDC 134.32 Decreased By ▼ -0.37 (-0.27%)
PAEL 26.33 Decreased By ▼ -0.29 (-1.09%)
PIAA 25.06 Decreased By ▼ -0.34 (-1.34%)
PIBTL 6.62 Increased By ▲ 0.07 (1.07%)
PPL 123.60 Increased By ▲ 1.65 (1.35%)
PRL 27.83 Increased By ▲ 0.10 (0.36%)
PTC 13.80 No Change ▼ 0.00 (0%)
SEARL 55.55 Increased By ▲ 0.66 (1.2%)
SNGP 70.40 Increased By ▲ 0.70 (1%)
SSGC 10.43 Increased By ▲ 0.03 (0.29%)
TELE 8.50 No Change ▼ 0.00 (0%)
TPLP 11.05 Increased By ▲ 0.10 (0.91%)
TRG 61.99 Increased By ▲ 1.09 (1.79%)
UNITY 25.25 Increased By ▲ 0.03 (0.12%)
WTL 1.34 Increased By ▲ 0.06 (4.69%)
BR100 7,636 Decreased By -1.9 (-0.02%)
BR30 25,067 Increased By 95.4 (0.38%)
KSE100 72,890 Increased By 128.5 (0.18%)
KSE30 23,604 Decreased By -21.2 (-0.09%)

ISLAMABAD: Public Accounts Committee (PAC) on Tuesday directed National Highway Authority (NHA) to ensure recovery of misappropriate amount of Rs 51.324 million from contractors within one month and present report in this regard.

Showing surprise on the way the officials made corruption and awarded the work to contractors for Rs 51.324 million whose actual cost was Rs 0.4 million, showing more than 12,000 per cent high price.

Chairman of the Committee Nadeem Afzal Gondal remarked that this way really unfair when National Finances were misappropriated just to please the favorites.

The Audit Officers observed that Faisalabad-Pindi Bhattian (M-3) project, NHA changed the item 506-C "precast" 512 chutes payable at Rs 780 per chute for a total amount of Rs 399,360 as provided in original Bill of Quantities (BOQ) to concrete chutes "in Situ" (at-site casting) to be paid item wise through revised BOQ which increase the item rate cost at Rs 101,021.27 with net effect of Rs 51.723 million which was 12,863 per cent above the original rate.

Chairman NHA Muhammad Ali Gardezi said that in original BOQ, precast concrete chutes at Rs 780 per number was provided but as per revised BOQ the same item was included item wise and being executed accordingly. He said that the measurement was made as per approved revised BOQ.

Copyright APP (Associated Press of Pakistan), 2012

Comments

Comments are closed.