Audit uncovers Rs16.94bn irregularities in KP mine...

Summary

• PESHAWAR: An audit report by the Auditor General of Pakistan has uncovered financial irregularities amounting to Rs16.94 billion in Khyber Pakhtunkhwa’s Minerals Department, raising concerns over revenue collection, illegal mining and the recovery of outstanding dues.
• According to the report, illegal mining caused an estimated loss of Rs8 billion to the provincial government.
• Failure to prevent illegal mining reportedly caused an additional loss of Rs1.83 billion, while the non-recovery of dues from mineral leaseholders resulted in a loss of Rs810 million.

AI Generated Summary

PESHAWAR: An audit report by the Auditor General of Pakistan has uncovered financial irregularities amounting to Rs16.94 billion in Khyber Pakhtunkhwa’s Minerals Department, raising concerns over revenue collection, illegal mining and the recovery of outstanding dues.

According to the report, illegal mining caused an estimated loss of Rs8 billion to the provincial government. It also found that Rs4.31 billion in outstanding payments could not be recovered from defaulting contractors.