The Public Accounts Committee (PAC) sub-committee has sought an inquiry report from the Technology Upgradation and Skill Development Company acting CEO on appointing relatives of the officers working in the company and its collapse.
A meeting of the sub-committee held at the Parliament House under the chairmanship of Convener Riaz Fatyana on Tuesday settled the various audit paras of Technology Upgradation and Technical Development Company, State Engineering Corporation Limited, Heavy Electrical Complex Private Limited and Pakistan Engineering Company Limited.
The committee was informed that the Technology Upgradation and Skill Development Company, which was formed in 2004, incurred a loss of Rs149 million in 2019.
The committee expressed concern over the company’s continued loss.
The industries and production secretary turned out to be unaware of the catastrophic state of the company.
On questioning, member Munaza Hassan was told that the company had not received any new projects for many years,