Officials at Pakistan’s Water and Power Development Authority (Wapada) and other power companies working under the ministry of water and power allegedly misappropriated some 980 billion rupees ($9.4bn) during the year 2013-2014, according to the country’s auditor general.

As reported by Pakistan’s English-language newspaper Dawn, the amount is equal to nearly one-fourth of the 4 trillion rupees federal budget for fiscal year 2015-2016 and can explain why the government has to inject huge subs...

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