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Govt approves hiring of private firms for SOEs forensic audit

Govt approves hiring of private firms for SOEs’ forensic audit Business April 8, 2021 ISLAMABAD: The government on Wednesday approved hiring of private firms for forensic audit of Pakistan International Airlines (PIA) and other state-owned enterprises to find out causes of their losses and fix responsibilities. The decision was taken during a meeting of the cabinet committee on state-owned enterprises, presided over Minister for Finance, Revenue, Industries and Production Hammad Azhar. Minister for Privatisation Mian Soomro, Adviser to the Prime Minister for Commerce Razak Dawood, Adviser to the Prime Minister for Institutional Reforms and Austerity Ishrat Hussain and Special Assistant to the Prime Minister on Revenue Waqar Masood also participated in the meeting. After due deliberation, the committee approved the revised terms of reference (TORs) for forensic audit of the state-owned enterprises to be followed by the Auditor General of Pakistan (AGP) office as well as privat

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