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Alberta Failing to Ensure Daycares Use Funds to Cut Fees for Parents: Auditor General

PAKISTAN, JUL 16 – Audit reveals Rs137 million misused in unsecured payments and improper allocations at Pakistan Software Export Board, prompting Federal Investigation Agency referral for further probe.

  • On July 17, 2025, the Pakistan Software Export Board audit report revealed major financial irregularities.
  • Unsecured advances of Rs10.592 million lacked bank guarantees, and Rs105.593 million plus Rs20.733 million were diverted from assignment accounts.
  • Payments of Rs5.80 million were improperly charged to project funds, and management confirmed recovery actions and referrals to the FIA.
  • The board has submitted an extension request awaiting approval, and the DAC ordered aggressive recovery measures and mandated bank guarantees.
  • The irregular re-employment of a former officer highlights governance gaps, and management vowed to review hiring procedures to bolster oversight.
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TechJuice broke the news in on Wednesday, July 16, 2025.
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