Thursday, April 08 2021

Forensic audit of PIA to be carried out
ISLAMABAD - The government on Wednesday has approved to carry out the forensic audit of the Pakistan International Airlines Corporation Ltd (PIACL) through a well-reputed private sector firm after following PPRA rules. The decision of carrying out forensic audit was taken in the meeting of Cabinet Committee on State Owned Enterprises (CCOSOEs), which was chaired by Federal Minister for Finance, Revenue, Industries and Production, Muhammad Hammad Azhar. The Secretary Finance further apprised that PIACL has informed that a special audit of the Pakistan International Airlines (including its subsidiaries) was conducted by the Auditor General of Pakistan. Therefore, it was recommended that forensic audit of the PIACL may be carried out through a well-reputed private sector firm after following PPRA rules. The Committee considered and approved the said proposal.
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Wednesday, March 24 2021

Railways business share to expand from 5 to 25pc by 2030
MULTAN - Chairman Pakistan Railways, Habib Ur Rahman Gilani said on Monday that the existing five per cent passenger transport and freight business share of Railways would go up to 25 per cent by the year 2030. Addressing a gathering of industrialists at Multan Chamber of Commerce and Industry (MCCI), he disclosed that travel by trains would become faster and secure after completion of the mega ML-1 project adding that work on it is expected to begin within next six months. “Its planning and all related stages have been completed, designs and drawings sent to Chinese,” Gilani said, adding that finalizing loan from China and related matter would take almost six months to pave the way for project’s execution. The project would be completed in two phases in two and half years, chairman Railways added. He said that replacement of around 1250-kilometer lifeline track from Karachi to Peshawar under ML-1 would help increase trains’ capacity to run faster, from existing 105 km/h to 160 km/h.
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