KARACHI: Pakistan Sports Board has found a lot of discrepancies in the record submitted by Pakistan Squash Federation (PSF) regarding the utilization of over 46 million rupees’ grant.
In a letter to the Secretary PSF over outstanding liabilities, Farman Khan, Assistant Director PSB, has stated that discrepancies have been observed in the submitted record which require immediate rectification by the federation for proper financial settlement and audit compliance.
“During the financial years 2022–23 to 2024–25, PSB has released special grants over 46 million rupees for conducting and participating in international events. “It has been observed that the adjustment record submitted by PSF is in photocopied form, which is neither legible nor properly reconciled,” stated the letter.
In this regard, he added, the representative dealing with financial matters of PSF was also contacted to clarify/reconcile the record and submit original documents. “However, no cooperation has been extended by the federation. Consequently, the record remains incomplete and unverifiable,” stated the letter. The letter further stated that upon thorough examination of the submitted record it has been observed that a significant portion of the released grant has been utilized in noncompliance of the prescribed rules and regulations under which the grants were sanctioned.
“Furthermore, certain expenditures were not incurred for the specific purposes for which the grants were released. However, PSB has considered the expenditures incurred on participation in games, training camps and TA/DA of athletes and officials as justifiable under the circumstances,” stated the letter. The PSB mentioned that the amount of Rs. 41,304,208 earlier reflected as outstanding against the PSF in the interest of continuity of sports activities and financial regularization is the fresh grant to the PSF for the current financial year 2025-26 which shall be utilized strictly in accordance with the prescribed rules notified under Notification (No.F.9-2/2024-PSB(NF) dated 25 July, 2025).
“The Federation is further required to submit complete, verifiable, and duly reconciled expenditure details along with original supporting documents like original receipts/voucher/invoices within 30 days of the conclusion of event for which purpose funds were released along with the report.
“It is hereby requested to provide detail and records related to sponsorship done for PSF during 2022-2025 other than PSB. The audited statements for the financial years 2022–23 and 2024–25 have not been provided and are required to be furnished. “Furthermore, bank statements of all accounts of PSF, duly reflecting the closing balance as on 31 March, 2026, may also be submitted for verification,” concluded the PSB.
