Huge irregularities, illegal investments revealed in Pemra’s audit report

By: News Desk
Published: 07:55 PM, 1 Dec, 2020
Huge irregularities, illegal investments revealed in Pemra’s audit report
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The audit report of Pakistan Electronic Media Regularity Authority (Pemra) has unveiled huge irregularities and illegal investments made by Pemra, reported 24NewsHD TV channel on Tuesday.

According to the audit report, Pemra spent Rs4.4billion in illegal investments.

Moreover, Pakistan media’s regulatory authority has also issued Rs6.5million mobile allowance to its employees illegally.

The Pemra employees had also received Rs297.8million in Eid bonuses and honorariums against the regulations.

The audit report shows that Pemra issued made these payments without the approval of Rules in this regard from the government.

The report also reveals that Pemra did not follow the rules of competitive bid while investing illegally in different financial institutions. For the said investment, Pemra did not carry any prop homework and also did not constitute any investment committee for the purpose. Also, Pemra did not and appoint any investment management staff in this regard.

The report said that Pemra has said that it had invested Rs3.2billion and it has the authority to make such investments. Pemra said that it would submit a reply after taking into consideration the audit objections in the institutional committee.

However, audit authorities have rejected the Pemra’s response and have directed it to identify the culprits responsible for these irregularities.

Categories : Pakistan, National