Audit Report Reveals Financial Discrepancies in Dam Construction

An audit report has shed light on significant financial discrepancies amounting to Rs2.4 billion in the construction of 100 dams in Balochistan. The report revealed that by 2021, only 26 dams out of the planned 100 were completed, causing a delay of three years from the original target completion date of 2018. This delay led to a cost escalation of Rs261 million due to extended construction periods.

Furthermore, the audit report highlighted various financial irregularities, including an unjustified extra payment of Rs112.6 million to non-shareholders and undercharges of Rs9.9 million to contractors for income tax obligations. Unauthorized expenditures exceeding Rs950 million were utilized to finalize the projects, with an additional Rs150 million allocated for laboratory tests that were never conducted. Concerns were also raised regarding the allocation of Rs131.8 million for soil extraction and rock blasting.

The audit report has called for immediate action against those responsible for the mismanagement and misappropriation of funds. It recommends a thorough investigation into the project delays and financial irregularities to ensure accountability and transparency in future endeavors.

The findings of the audit report underscore the importance of effective financial management and oversight in large-scale infrastructure projects. Addressing the identified discrepancies and taking appropriate corrective measures will be crucial in restoring public trust and ensuring the successful completion of such initiatives in the future.