{
  "id": 16487507,
  "title": "Audit Finds Rs. 18.46 Billion Irregularities in KP Economic Zones Company",
  "url": "https://urgent.news/2026/10/25/audit-finds-rs-18-46-billion-irregularities-in-kp-economic-zones",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-25T14:17:22.000Z",
  "source": {
    "name": "ProPakistani",
    "slug": "propakistani",
    "url": "https://propakistani.pk/2026/10/25/audit-finds-rs-18-46-billion-irregularities-in-kp-economic-zones-company/"
  },
  "original_language": "en",
  "account": "An audit has uncovered financial irregularities and significant losses totaling Rs. 18.46 billion in the Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) for the fiscal year 2024-25. The Auditor General of Pakistan's report attributes these losses to poor planning, weak management, and financial irregularities within the company.\n\nOne of the key issues identified was the failure to recover Rs. 2.08 billion in lease payments from industrial owners for the land they were allocated, despite court orders being in place. Additionally, the company's inability to renew agreements for commercial land led to a loss of Rs. 629.8 million to the public exchequer.\n\nThe auditors also found that the company did not manage to vacate land in Buner, Mohmand, and Jalozai, resulting in a loss of Rs. 1.08 billion. Furthermore, commercial land was illegally allocated for industrial use in Haripur, leading to a loss of Rs. 174.1 million. In Haripur, four plots totaling 10 acres were allotted to Al-Hadeed Engineering, but payment was not collected, causing a loss of Rs. 497.8 million.\n\nThe audit findings come in the wake of another report that uncovered Rs. 16.94 billion in irregularities within the KP Minerals Department. The report highlights that the company's contingent liabilities have reached an alarming Rs. 14 billion, posing a serious threat to the company's future operations.\n\nThe audit report raises concerns about the company's governance, land allotments, collection of dues, and overall financial management. It suggests that poor administrative decisions and actions benefiting certain individuals have caused significant damage to public resources. The KPEZDMC is responsible for managing the province's economic zones, including the Rashakai Economic Zone.",
  "summary": "An audit has found irregularities and losses worth Rs. 18.46 billion in the Khyber Pakhtunkhwa Economic Zones Development and Management … Read More The post Audit Finds Rs. 18.46 Billion Irregularities in KP Economic Zones Company appeared first on ProPakistani .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}