The audit report said on Friday that the Pakistan Telecommunication Authority (PTA) did not transfer Rs4.91 billion to the national treasury despite the legal requirement to deposit surplus funds into the Federal Consolidated Fund.
The audit report has raised serious questions over the financial management of the PTA. According to the audit report, billions of rupees in surplus funds were not transferred to the national treasury on time, affecting government revenue. The report also stated that the PTA's internal financial controls were ineffective.
PTA's internal financial control does not operate effectively: Report
The audit report stated that the PTA's internal financial controls did not operate effectively. The report stated that more than Rs4.91 billion in surplus funds remained in the PTA's account until 30 June 2025. Audit authorities have termed the retention of the surplus amount as a serious weakness in financial management and said the delay affected national revenue.
Objections raised over unrecovered amounts
The report also stated that the PTA deposited Rs2.23 billion in Federal Excise Duty under protest. Audit authorities also raised objections over unrecovered amounts and a significant increase in legal expenses.
The PTA said surplus funds are transferred after the audit process is completed. Audit authorities rejected this explanation and directed the authority to deposit surplus funds into the national treasury without delay.
