ISLAMABAD, January 22: Chairman Senate Standing Committee on Finance and Revenue Senator Saleem Mandviwalla has termed the payments of Rs 480 billion to the power sector companies as tantamount to the serious corruption.
Senator Saleem Mandviwalla has asked Public Accounts Committee to have a joint meeting on the Circular Debt issue. He has written a letter in this regard to Syed Khurshed Shah Chairman Public Accounts Committee.
In the letter Senator Saleem Mandviwalla has said that the Senate Finance Committee has held its meeting on the Auditor General Report about the payments of circular debt. During the hearing the Committee was astounded at the enormity of willful wrong payments made to the power sector companies in complete violation of rules and procedures and the level of loss suffered by the national exchequer. This level of negligence tantamounts to serious corruption.
Senator Saleem Mandviwalla wrote that Senate Finance Committee is aware of the fact that the matter is under the cognizance of the Public Accounts Committee and wants to have joint sitting with Public accounts committee to discuss the matter of payments of power sector circular debt.-DNA
Mandviwalla terms payments of Rs 480bln to power sector serious corruption
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