Pakistan : Terrorist Wahabi Islamic Rep Pakistan 6

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[url="http://www.dailytimes.com.pk/default.asp?page=2010/09/22/story_22-9-2010_pg7_24"]Country under Rs 90 trillion debt, PAC told[/url]

[color="#FF0000"]* NA body accuses government of not retrieving retired military officers’ pension into defence budget[/color]



ISLAMABAD : The National Assembly’s Public Accounts Committee (PAC) on Tuesday accused the democratic government of not retrieving the retired military officers’ pension into the defence budget, which is a major portion of civilian pension announced in the annual budget 2010.



The meeting held at the Parliament House under the rpersonship of MNA Yasmeen Rehman to the Finance Ministry’s acounts



Dealing with audit paras of the ministry, Finance Seretary Siddique informed the committee that out of the Rs 90 billion pension funds allocated in the current fiscal year, [color="#FF0000"]Rs 72 billion had been spent on the pension of retired military personnel.[/color]



This [color="#FF0000"]was equal to 78 percent of the total pension allocated under the federal budget.[/color] The amount of the funds for military pension had been becoming bigger, he said.



The amount for military pension allocation in 2001 was Rs 26 billion [color="#FF0000"]which had swelled to Rs 72 billion in the current fiscal year[/color], secretary said.



The committee’s members expressed surprise on finding that the Finance Ministry of releasing Rs 5 billion secrete funds under the head of lump sum relief during the financial year 2007 to intelligence agencies just before the general election were held in 2008. The committee ordered the ministry to come up with additional information on the issue.

Cheers