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ISLAMABAD: The audit report for 2024-25 highlighted that regulatory failures of the Pakistan Standards and Quality Control Authority (PSQCA) were not only posing public safety risks but also causing losses of over Rs72 billion to the national exchequer.
The audit report pointed out that PSQCA had unauthorisedly transferred vehicles to the Ministry of Science and Technology, including Toyota Corolla, Toyota Hilux double cabin and Toyota Land Cruiser, for use at the minister’s office.
The audit objection highlighted that PSQCA incurred losses due to non-imposition of late payment charges on account of delayed payment of marking fees amounting to Rs59.54bn.
Audit observed that licensees failed to pay the marking fee within the due date, and the PSQCAm anagement neither imposed nor recovered late payment charges at the rate of 3 per cent of the prevailing annual rate.
