ISLAMABAD: The office of the Auditor General of Pakistan (AGP) has decided to conduct a special audit of provident funds maintained by nine entities of the federal government.

The special audit has been ordered on the request of the Ministry of Finance to ascertain if the provident fund’s contributions of the employees of these entities or those deputed there were maintained or invested prudently.

In an order issued by the AGP, the field formations have been directed to complete the special audit within a month and submit it to the head office.

Instructions have also been issued to authorities concerned to depute audit teams to conduct the special audit of provident funds of the government offices.

The offices selected for the special audit include Accountant General Pakistan Revenue (AGPR), Chief Accounts Officer (CAO) of the Ministry of Foreign Affairs, Pakistan Public Works Department (PWD), Pakistan Post Office Department, Mili­tary Accountant General (MAG), Geological Survey of Pakistan (GSP), Central Directorate of National Savings (CDNS), Pakistan Mint and Pakistan Railways.

According to terms of reference set by the finance ministry, the audit will examine management and record keeping including use of enterprise resource planning and calculation and disbursement of provident fund payment under regulations, rules and procedures.

Published in Dawn, October 9th, 2020

Opinion

Editorial

Smog hazard
Updated 05 Nov, 2024

Smog hazard

The catastrophe unfolding in Lahore is a product of authorities’ repeated failure to recognise environmental impact of rapid urbanisation.
Monetary policy
05 Nov, 2024

Monetary policy

IN an aggressive move, the State Bank on Monday reduced its key policy rate by a hefty 250bps to 15pc. This is the...
Cultural power
05 Nov, 2024

Cultural power

AS vital modes of communication, art and culture have the power to overcome social and international barriers....
Disregarding CCI
Updated 04 Nov, 2024

Disregarding CCI

The failure to regularly convene CCI meetings means that the process of democratic decision-making is falling apart.
Defeating TB
04 Nov, 2024

Defeating TB

CONSIDERING the fact that Pakistan has the fifth highest burden of tuberculosis in the world as per the World Health...
Ceasefire charade
Updated 04 Nov, 2024

Ceasefire charade

The US talks of peace, while simultaneously arming and funding their Israeli allies, are doomed to fail, and are little more than a charade.