MoCC requests special performance audit of NDRMF.

ISLAMABAD -- Ministry of Climate Change (MoCC) has requested the Auditor General of Pakistan to hold special performance audit of National Disaster Risk Management Fund (NDRMF) for enhancing its capacity and transparency.

Secretary MoCC Naheed Shah Durrani had written the letter on the directives of the Prime Minister mentioning that the NDRMF was a not-for-profit company incorporated with the Securities and Exchange Commission of Pakistan, under Section 42 of Companies Act 2017, working under the administrative control of Ministry of Climate Change.

"It is a government-owned, non-banking financial intermediary with a corporate structure which works for reducing

the socio-economic and fiscal vulnerability of the country and its population to natural hazards and climate change, through financing investments in disaster risk reduction and preparedness that have high economic impacts", the letter said.

The letter stated that Prime Minister Imran Khan had directed for conducting a special performance audit of all the funds granted to NDRMF since December 2016 till date, within two months, to improve efficiency and transparency of the Fund, a ministry official told reporter.

It may be mentioned here that NDRMF was the first government organization to respond to National Disaster Management Authority and...

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