AGP Audit Report Highlights Irregularities of Rs. 4,800 Billion in Power Sector
ISLAMABAD: The Auditor General of Pakistan (AGP), in its 2024-25 audit report, has identified financial and operational irregularities worth Rs. 4,800 billion in the country’s power sector.
The report, which reviews the financial year 2023-24, points to governance challenges and systemic gaps across multiple entities, including the Power Division, its attached organizations, and the National Electric Power Regulatory Authority (NEPRA). It will be presented before the Public Accounts Committee (PAC).
Key Findings from the Report
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Theft and Embezzlement: Six cases worth Rs. 2.21 billion.
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Procurement Irregularities: 86 cases involving Rs. 156.14 billion.
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SOP Violations: 77 cases of non-compliance with internal procedures, totaling Rs. 507.24 billion.
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Regulatory Breaches: 90 cases of legal and regulatory violations worth Rs. 957.75 billion.
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Asset Management Issues: Rs. 624.47 billion linked to non-tagging and non-revaluation of assets.
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Receivables Crisis: 19 cases involving Rs. 1.37 trillion, including unpaid consumer bills and receivables from Discos and K-Electric.
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HR and Employee Benefits: 32 cases worth Rs. 4.47 billion.
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Recoveries: Seven cases totaling Rs. 21.63 billion.
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Value for Money Concerns: 10 cases involving Rs. 22.25 billion.
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Other Irregularities: 58 cases amounting to Rs. 1.05 trillion, related to reconciliation, investments, and payment surcharges.
The audit highlights the need for stronger financial oversight, improved compliance with laws and procedures, and better management of public funds.
Authorities are expected to review the findings in detail during PAC sessions, with recommendations likely to focus on ensuring transparency, enhancing accountability, and addressing structural challenges in the power sector.
