Islamabad: Today, the State Life Insurance Corporation of Pakistan was honoured to host the esteemed Minister of Commerce, Jam Kamal Khan, and distinguished guests at its state-of-the-art Data.
ISLAMABAD: The delay in completion of State Life Tower has cost Rs823.5 million to the exchequer, the audit report revealed.
According to the audit report for the last fiscal year of the State Life Insurance Corporation of Pakistan (SLICP), if the tower completed in time the amount could have been earned as rental income.
The State Life Tower was supposed to be completed in 2013.
The audit report pointed out that General Financial Rules (GFR) states that every government officer should realise fully that he would be held responsible for any loss sustained by the government through fraud or negligence on his part.