According to the Auditor General of Pakistan Audit Report of 2024-25, SITE Limited, part of the Sindh Ministry of Industries and Commerce, has not recovered more than Rs. 5.26 billion worth of outstanding dues by industrialists. The report notes that there are dire financial defaults at the government-owned industrial management institution where accountability and old debts recoveries are a question in the industrial sphere.
The dues that are yet to be recovered are rent, development charges, water charges, and other payments of such major industry regions like Karachi SITE Industrial Area, Super Highway Industrial Area, Nooriabad, Kotri, Hyderabad, Tando Adam, Nawabshah, and Sukkur.
The report states that the matter was raised with SITE Limited management on 21 August 2024 and again in the Departmental Audit Committee meeting in January 2025. No official response was submitted.
During the FY 2023-24 SITE Limited supposedly spent more than 2B of their budget without any authorization of the Board of Directors. As well, Rs688 million of procurements and projects were also undertaken without carrying out tenders.
The audit also points at the fact that SITE Limited did not keep records of vehicles. But more than Rs50 million had been incurred in the wrong maintenance of cars and fuel without the proper maintenance by log book.
Repeat orders worth Rs13.4 million were issued to specific contractors, violating the 15% legal limit on repeat orders.
The report further reveals that SITE Limited has not been audited by a chartered accountancy firm since 2010. As a result, there is no verifiable data on the organization’s financial position, revenues, expenses, profits, or losses. The Auditor General’s office was also denied access to required records.
