Senate body orders fresh audit of solar imports since 2018
A Senate subcommittee on Monday ordered a complete audit of all solar panel imports since 2018 after showing dissatisfaction with a probe into Rs70 billion worth of under- and over-invoicing by two importers through the involvement of commercial banks. After a meeting of its subcommittee, the Senate Standing Committee on Finance and Revenue, led by Senator Mohsin Aziz, announced that fresh revelations had emerged regarding a massive over-invoicing in the import of solar panels involving transactions worth billions. Therefore, the subcommittee called for a thorough investigation into the actions of the two companies and the two banks involved, which have already been fined by the State Bank of Pakistan for ‘negligence’.