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Audit of TIP accounts to be conducted 185th Board of Directors meeting

Audit of TIP accounts to be conducted 185th Board of Directors meeting

Audit of TIP accounts to be conducted

The TIP board has directed the audit committee of TIP Board to scrutinize the accounts of TIP for last 10 years and refer the matter to Auditor General of Pakistan for a special audit of TIP accounts if so required. This was decided in 185th Board of Directors meeting of Telephone Industries of Pakistan (TIP) which was held under the chairperson ship of Minister of State for IT & Telecom Mrs. Anusha Rehman here in Islamabad today. Federal Secretary IT Mr. Rizwan Bashir Khan, MD T.I.P Mr. Zia ul Haq, Member Telecom Mr. Mudassar Hussain, Member Legal Ms. Ameena Sohail, Member HR Mr. Tahir Mushtaq and other Board Members were also present in the meeting.

The Board has categorically stated that TIP has not been authorized to use their accounts for payment of electricity and other utility bills of other entities and their employees. The Board directed TIP management to resolve all their outstanding financial issues with management of PTCL and NRTC amicably and let all stakeholders pay their respective utility liabilities and reiterated that TIP resources should only be used for its mandated purposes.

The Board also scrutinize the outstanding land ownership matters of TIP properties in Haripur & Islamabad, in light of legal opinion obtained from Ministry of Law & Justice and Senate Standing Committee recommendations. The TIP Board directed the TIP Management to settle their property issues with PTCL & NRTC and reconcile their claims within the next 15 days. Otherwise, the liabilities of TIP are continuing to build causing loss to the exchequer.

MD TIP assured the board that directions of the honorable board will be complied with in true letter and spirit.

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