The Auditor General of Pakistan (AGP) has disclosed massive anomalies in the National Bank of Pakistan (NBP) from 2012 to 2020, which inflicted a loss of over Rs. 235 billion to the national exchequer. According to reports, the audit was carried out by the Director-General Commercial Audit and Evaluation Karachi wing of the AGP. The report has identified 117 instances of misappropriations, irregularities, non-recoveries, and breaches of rules in the NBP during the period under study.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

OPEC sticks to 2023 and 2024 oil demand forecast

OPEC stuck to its forecast for oil demand growth for 2023 and…

UAE hopes to raise economic activity with Israel

UAE, the first Arab state to normalize ties with Israel, an apartheid…

Sri Lanka’s economic recovery remains challenging: IMF

Colombo: Cash-strapped Sri Lanka’s economy showed “tentative signs of improvement” but recovery…