ISLAMABAD: Pakistan International Airlines Corporation (PIAC) has drowned Rs321 million of the national exchequer as the airline failed to recover the money from 46 foreign agents, audit report of 2012-13 submitted to the Public Accounts Committee (PAC) revealed on Wednesday.
The report said during the audit of the accounts of PIAC in 2010, it was found that a heavy amount of Rs321 million was recoverable against 46 foreign-based international passenger agents pertaining to the period from 1993-2010.
Moreover, an amount of Rs36.78 million was outstanding against foreign cargo agents pertaining to the period from 1997 to 1998.
The report said neither the steps were taken by the management of PIAC to recover the dues from the defaulting agents nor the management had obtained security or bank guarantee from the agents to secure the credit.
Audit informed the committee that the management was directed to provide all the documents/record like bank statements, recovery ledgers, crediting receipts, written off details, adjustment details of the amount and approvals of the competent authority to audit for verification but the management of PIAC failed to comply with any of the directions.
This is a responsibility of Principle Accounting Officer (PAO) to conduct Departmental Accounts Committee (DAC) meetings before appearing at the highest forum of PAC, audit officials commented which annoyed the secretary aviation Shahrukh Nusrat.
“This is unfair on part of the audit to hold responsible for everything, I wasn’t here 10 years back,” the secretary said.
Hina Rabbani Khar, the convener of the committee, remarked that the directions were given to the secretary aviation without looking that who is holding the office.
She insisted to give a time for collection of all the record because without verification of the record the audit could not be settled.
The secretary ensured the committee by December 10, all the record pertaining to the audit para will be provided to the audit department.