It was alleged in the complaint that the members of exmanagement of Senate Secretariat Employees Cooperative Housing Society Islamabad were responsible for misutilization
and embezzlement of the funds of the society.
Besides, systems for financial management and tracking were deficient, with numerous instances of diversion or misutilization
, and delay in transfer of state share.
The accused was alleged for misutilization
and embezzlement in funds of the society amounting to Rs.
The operating condition of government controlled schools, colleges and universities show that neither the budget allocated for education in Pakistan is sufficient nor the utilization of allocated funds is done as required due to corruption leading to under and misutilization
of recourses and budgets.
As a result, relying on manual processes to ensure proper software utilization often adds unnecessary workloads and increased costs for already overwhelmed IT organizations "In addition, manual processes for software asset management can be highly error prone resulting in application misutilization
, over/under procurement, and failure to comply with auditory and/or regulatory compliance.
While there have been centralized efforts to coordinate the use of force and economic development, these have largely faltered due to poor coordination, misutilization
, and co-optation by local elites and corporations.
The inadequacy of assistance has been one of the major causes for misutilization
of financial assistance under SGSY.
Looking into this and many other incidences reported countrywide on the misutilization
of funds by cooperative banks, it is felt that government should instruct WUCSs to transfer funds to nationalized banks to prevent any future loss or burden to WUCSs.
iii) Financing banks/DFIs shall ensure fulfillment of requisite pre disbursement formalities by the borrower through due diligenceas per their own internal arrangements to avoid malpractice and misutilization
of funds under the Scheme.
They also acknowledged that understanding misutilization
has become an additional focus for theory and research in this area.
How should you approach the issue of misutilization
of laboratory tests?
In case credit is advanced based on proper evaluation of the project then its chances of misutilization
will be diminished greatly.