{"id":70724,"date":"2020-09-20T10:21:00","date_gmt":"2020-09-20T05:21:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=70724"},"modified":"2020-09-18T18:42:03","modified_gmt":"2020-09-18T13:42:03","slug":"cabinet-body-initiates-proceedings-audit-underperforming-soes","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cabinet-body-initiates-proceedings-audit-underperforming-soes.html","title":{"rendered":"Cabinet body initiates proceedings for audit of underperforming SOEs"},"content":{"rendered":"\n<p>Islamabad: The Cabinet Committee on State-Owned Enterprises has initiated the proceedings for the audit of all underperforming state-owned enterprises (SOEs) in the country as per the instructions of Prime Minister Imran Khan, a news source reported on September 17.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/pm-orders-forensic-audit-major-state-owned-enterprises.html\" target=\"_blank\" rel=\"noreferrer noopener\">PM orders forensic audit of major state-owned enterprises<\/a><\/p>\n\n\n\n<p>According to the details shared, the committee has directed the Finance Division to consult the relevant ministries\/divisions and identify loss-making public sector companies; in a bid to conduct their forensic audit for the last 10 years. The Finance Division has also been directed to submit its compliance report during the next meeting of the cabinet committee.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/cabinet-committee-approves-law-cut-losses-state-owned-enterprises.html\" target=\"_blank\" rel=\"noreferrer noopener\">Cabinet committee approves law to cut losses for state-owned enterprises<\/a><\/p>\n\n\n\n<p>Moreover, for the selection of loss-making public companies, the Finance Division has proposed that either the selection should be made on the basis of total loss accrued during fiscal year (FY) ending June 2014 to FY2018 or based on the accumulated losses as of FY2018.<\/p>\n\n\n\n<p>The audit will be undertaken by the AGP.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Cabinet Committee on State-Owned Enterprises has initiated the proceedings for the audit of all underperforming state-owned enterprises (SOEs) in the country as per the instructions of Prime Minister Imran Khan, a news source reported on September 17. Read: PM orders forensic audit of major state-owned enterprises According to the details shared, the committee has directed the Finance Division to consult the relevant ministries\/divisions and identify loss-making public sector companies; in a bid to conduct their forensic audit for the last 10 years. The Finance Division has also been directed to submit its compliance report during the next meeting of the cabinet committee. Read: Cabinet committee approves law to cut losses for state-owned enterprises Moreover, for the selection of loss-making public companies, the Finance Division has proposed that either the selection should be made on the basis of total loss accrued during fiscal year (FY) ending June 2014 to FY2018 or based on the accumulated losses as of FY2018. The audit will be undertaken by the AGP.<\/p>\n","protected":false},"author":57,"featured_media":70688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[39944,39946,39945],"persona":[],"class_list":{"0":"post-70724","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-audit-of-state-owned-enterprises","9":"tag-cabinet-body-initiates-proceedings-for-audit-of-underperforming-soes","10":"tag-cabinet-committee-on-state-owned-enterprises","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cabinet body initiates proceedings for audit of underperforming SOEs - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Cabinet Committee on State-Owned Enterprises has initiated the proceedings for the audit of all underperforming state-owned enterprises (SOEs) in the country as per the instructions of Prime Minister Imran Khan, a news source reported on September 17.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/cabinet-body-initiates-proceedings-audit-underperforming-soes.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet body initiates proceedings for audit of underperforming SOEs - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Cabinet Committee on State-Owned Enterprises has initiated the proceedings for the audit of all underperforming state-owned enterprises (SOEs) in the country as per the instructions of Prime Minister Imran Khan, a news source reported on September 17.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/cabinet-body-initiates-proceedings-audit-underperforming-soes.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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