FBR didn’t capitalise on super tax potential, audit finds (opens original article in a new tab)

AGP audit reveals significant financial irregularities across multiple Pakistani government departments, including under-realised taxes, land encroachment, and untracked relief stock, with reports now submitted to PAC for review.

• AGP audit found Rs117.8bn in under-realised super tax by FBR
• Petroleum Division had Rs117bn in recoveries and disputed gas subsidy balances
• Railways encroached on 1,500 kanals of land and received a qualified audit opinion
• Defence Services spent nearly all of Rs2.2tr allocation with unresolved bank account reconciliation issues
• NDMA had 10 findings including Rs952mn omitted bank balances and Rs10.8bn in untracked relief stock
• Passco suffered Rs21.34bn in losses between 2021-2025 with financing costs exceeding revenue