By Mna Syed Naveed Naveed Siddiqui
ISLAMABAD: A sub-committee of the Public Accounts Committee (PAC) on Monday highlighted serious lapses in financial propriety by the Ministry of Foreign Affairs, leading to a loss of Rs566.43 million due to the obtaining of uneconomical health insurance policies for Pakistan Missions in the United States.
The PAC鈥檚 sub-committee presided over by MNA Syed Naveed Qamar took up the audit report of Ministry of Foreign Affairs (MoFA) for the year 2012-13, terming the disbursement was incurred in sheer violation of the General Financial Rules (GFR) and Public Procurement Rules (PPR) 2004.
Sub-committee convener Naveed Qamar said that Pakistani Foreign Missions abroad should not consider public funds as 鈥渟poils of war鈥 and directed the MoFA make efforts to stop wastage of public money.
The audit report observed that the insurance policies were procured at knowingly higher rates, circumventing mandatory advertising on the Public Procurement Regulatory Authority (PPRA) website and without proper competitive