Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Billie Eilish Elon Musk
    EntertainmentVideos

    Billie Eilish Criticizes Elon Musk, Calls Billionaire Wealth “Pathetic”

    November 14, 2025 3 Min Read
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Billions squandered: Audit report finds nearly three dozen graft cases of Civil Aviation Authority
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PhotoNews Pakistan > Business > Billions squandered: Audit report finds nearly three dozen graft cases of Civil Aviation Authority
Business

Billions squandered: Audit report finds nearly three dozen graft cases of Civil Aviation Authority

Web Desk
By Web Desk Published August 9, 2015 3 Min Read
Share
SHARE

Islamabad: An audit report has catalogued more than 35 cases of massive corruption, as well as financial and administrative irregularities, in the Civil Aviation Authority (CAA).

Billion of rupees in public money have been squandered, according to the report.

One of the main reasons, according to the audit report, has been undue favouritism to the contractors. For their part, the audit teams have repeatedly cited weak internal controls of senior management as the reason for the loss of public money.

While discussing the budget and expenditure of the authority, the audit observed that its management has not been able to fully utilise its allocated budget for development. This has resulted in delays of various infrastructure programmes.

The total allocated budget for 2012-13 in non-development and annual development programme was Rs42,432.56 million against which an expenditure of Rs39,684.70 million was incurred. This resulted in a saving of Rs2,747.86 million, representing 6.48 per cent of total budget allocation.

The audit noted, in the non-development budget, financial charges are 935. Some 94 per cent more than the budgeted figures of 2012-13 primarily due to deduction of 2.5 per cent Zakat by National Savings Centre on interest of deposits.

Audit further noted, in annual development programme (ADP) budget, there was a saving of Rs1, 368.05 million representing 6.73 per cent of the budget allocation.

Massive corruption and financial irregularities discovered by audit included excessive expenditure of Rs1,057.01 million due to irregular execution of work. Rule-20 of Public Procurement Rules, 2004 stated that the open competitive bidding process shall be the principal method of procurement of goods, services and works.

The audit noted that PC-1 of New Benazir Bhutto International Airport project, Islamabad approved in March 2008 contained a provision of Rs40.08 million for the Cargo Terminal. The construction of a Cargo Complex was undertaken in December 2012 before completion of the Airside infrastructure. The foundation work of the Cargo Complex was executed through a Variation Order valuing Rs379 million under the existing contract of Package-01.

The second case of massive financial irregularity pertains to the extra contractual decisions involving unwarranted payments of Rs4,083.81 million.

The audit noted that the Project Management Consultant (PMC) for New Benazir Bhutto International Airport Project, Islamabad, was also nominated as the engineer for the project.

The audit observed that Package-1 (Airside Infrastructure Civil Works) of the project was awarded to a Joint Venture firm in August 2008 with the contract cost of Rs 11.82 billion. The joint venture was irregularly changed to another in January 2010. After entering into the new JV, a series of claims under dispute were raised by the contractor.

Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Latin Grammy Awards 2025

Latin Grammy Awards 2025: Bad Bunny Leads with 12 Nominations

Bumrah Bavuma stump mic

Jasprit Bumrah’s Body-Shaming Remarks Spark Controversy

Federal Constitutional Court Chief Justice

 Justice Amin Uddin Khan Sworn In as Chief Justice of Federal Constitutional Court

Post Archives

More Popular from Photonews

FBR tax audit
Business

FBR Launches Historic Audit of 8 Million Income Tax Returns

2 Min Read
Billie Eilish Elon Musk
EntertainmentVideos

Billie Eilish Criticizes Elon Musk, Calls Billionaire Wealth “Pathetic”

3 Min Read
Alzheimer's disease research
Tech

Brain Immune Cells Discovered That Slow Alzheimer’s Disease

2 Min Read
Offbeat

China’s ‘Marriage Tourism’ Push Reverses National Decline in Weddings

Chinese authorities are utilising scenic views and convenience to address a national decline in marriage rates.…

November 8, 2025
Entertainment

Sean “Diddy” Combs’ Prison Release Date Extended

Music executive Sean "Diddy" Combs will remain incarcerated longer than originally scheduled. Federal authorities have extended…

November 13, 2025
Top NewsWorld

India Inaugurates New Fighter-Capable Airbase Near China Border in Ladakh

India's Air Force chief has personally inaugurated a new military airbase capable of supporting fighter aircraft…

November 14, 2025
Tech

Google Relaunches Cameyo to Run Windows Apps on ChromeOS

Google has officially relaunched Cameyo as an enterprise solution for delivering virtual applications. The newly branded…

November 13, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?