The Auditor General of Pakistan has identified significant financial irregularities totaling Rs17.76 billion in the Faisalabad Industrial Estate Development and Management Company (FIEDMC), as reported by both Profit by Pakistan Today and Tribune Latest. The audit covers the period from 2015-16 to 2023-24, highlighting FIEDMC's failure to submit audited accounts by the December 31, 2024 deadline. According to the reports, the Public Accounts Committee has not yet convened to address these findings. Specific issues include a Rs500.26 million loss from the sale of plots to a ceramic factory at M-3 Industrial City, Rs324.20 million in unrecovered dues, and Rs3.29 billion linked to non-recovery of plots from defaulters. Additional concerns involve Rs3.34 billion in non-imposed development charges, Rs1.39 billion in unpaid electricity and gas load charges, and Rs2.49 billion in losses from selling plots below approved rates. The audit also notes Rs4.18 billion in losses from terminated contracts and Rs156.67 million lost due to non-deduction of Punjab Sales Tax from contractors (Profit by Pakistan Today, Tribune Latest).