The Public Accounts Committee (PAC) on Tuesday ordered the National Accountability Bureau (NAB) and the Federal Investigation Agency (FIA) to conduct an investigation into the distribution of $three billion among 620 business entrepreneurs by using the preceding authorities.

Chairing a PAC meeting, Chairman Noor Alam Khan also directed the auditor fashionable of Pakistan to conduct the forensic audit of the amount, ordering the State Bank governor and the finance secretary to post the list of those 620 folks.

During the meeting, it transpired that useful resource received from economic establishments at some stage in the coronavirus epidemic turned into distributed a few of the 620 enterprise entrepreneurs at some point of the tenure of the preceding Pakistan Tehreek-e-Insaf (PTI) authorities.

The PAC chairman informed the assembly that the previous authorities had given away $three billion hobby-unfastened loans to those industrialists underneath the Temporary Economic Refinance Facility (TERF).
Committee member Barjees Tahir stated that it should be investigated where that money become invested. However, some other committee member, Mohsin Aziz, answered that 3.2 million people got employment under the scheme and the exports rose by using $4 billion.

The PAC ordered for a performance audit of those $3 billion, even as the FIA and the NAB have been asked to behavior an investigation.

Noor stated that the chief of army staff and the defence secretary should write to the Inter-Services Intelligence (ISI) for investigating the matter.

The PAC chairman stated that the finance ministry were advised on April 19 to disclose the names of the debtors of the interest-unfastened loans really worth $3billion however the instructions had no longer been complied with.

Therefore, Noor summoned the finance secretary in the subsequent PAC meeting, reinstructing the State Bank governor in addition to the finance secretary to publish the listing the beneficiaries inside 24 hours.

During the assembly, the Power Division secretary instructed the committee that the round debt of the power sector had risen Rs2,370 billion as of June.

Noor expressed challenge over unannounced load dropping even at some stage in the Eid vacations.

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