📌 Key Highlights & Quick Takeaways:
- The Urdu Post (Monitoring Desk): Federal Minister for Railways Muhammad Hanif Abbasi, taking an important step to ensure financial transparency,.
- Under this initiative, a world-class chartered accountant firm will be hired to audit the financial statements for the financial year 2025-26. Th.
- This initiative is part of efforts to strengthen financial discipline, internal control and institutional transparency in Pakistan Railways as pe.
The Urdu Post (Monitoring Desk): Federal Minister for Railways Muhammad Hanif Abbasi, taking an important step to ensure financial transparency, accountability and good governance in Pakistan Railways, has decided to audit the financial statements of the institution for the first time under International Financial Reporting Standards (IFRS).
Under this initiative, a world-class chartered accountant firm will be hired to audit the financial statements for the financial year 2025-26. The audit firm will be selected on full merit and in accordance with the prevailing rules of Public Procurement Regulatory Authority, while all the process will be completed through the e-pads portal to ensure transparency.
This initiative is part of efforts to strengthen financial discipline, internal control and institutional transparency in Pakistan Railways as per the requirements of the State Owned Enterprises (SOE) Act, 2023.
Federal Minister of Railways Muhammad Hanif Abbasi said that necessary and strict decisions will be taken in the light of the independent audit report. There will be no compromise on transparency in Pakistan Railways and every rupee of the institution will be accounted for.
