PAC among over financial irregularities in Pakistan Mint
By Ali Imran

ISLAMABAD—Expressing its concern over financial irregularities in the purchasing of different equipments in Pakistan Mint, Public Accounts Committee (PAC) of the National Assembly has directed the National Accountability Bureau (NAB) to take strict action against responsible persons.
The meeting of PAC which was held here under the chairmanship of Malik Allah Yar Khan has also directed the NAB to dispose of all the corruption related cases in Pakistan Mint.
Members of the committee during the meeting expressed their anger over the purchasing of Stamping Press Machine for Rs 52 million which developed fault and now is not usable.
The Deburning Machines was bought at the rate of Rs 6.5 million per machine while the actual price in the market is Rs 1.5 million to 2 million while higher prices were also paid in the purchasing of re-rolling and polishing machines.
The PAC also expressed its annoyance over purchasing of temperature measuring devices and new machines despite the fact that installed machines were functioning in order.
The Committee also raised its objections for using the cycle stand as the storage place. The Committee also raised its objections for using the cycle stand as the storage place. Director Pakistan Mint who failed to satisfy committee members informed the committee that in the past FIA investigated the financial irregularities and now NAB is conducting the investigations.
The committee has directed the NAB authorities to complete the investigation at earliest against the culprits.