Audit exposes Rs 9 trillion irregularities in power distribution companies

According to a recent audit, financial irregularities of over Rs 9 trillion have been uncovered in Pakistan’s electricity distribution companies over the past three years. The details of the audit objections were presented in the National Assembly today. That during 2023 there were irregularities of Rs 5.145 trillion in FY24, in 2022-23 the discrepancies totaled Rs 1.575 trillion, and in 2021-22 the figure was Rs 2.785 trillion.The Auditor General submitted 111 audit objections for 2023-24, recommending action against 72 officers and employees. Several anomalies were identified. 110 billion rupees were found in distribution companies LESCO’s financial mismanagement, Pesco 164 billion rupees, and Sepco 221 billion rupees. CASCO reported irregularities of Rs 1.164 trillion, while CPPA’s irregularities were Rs 2.734 trillion.. Additionally, irregularities were found in Fesco (Rs 40 billion), GAPCO (Rs 66 billion), HESCO (Rs 66 billion). ), IESCO (Rs. 32 billion), Mapco (Rs. 13 billion), Tesco (Rs. 16 billion), Genco-I (Rs. 68 billion), Genco-II (Rs. 74 billion), and NPPMCL (Rs. 114 billion). billion rupees). Action against several officials involved in irregularities.