The Appeal is dismissed as the Respondent PARCO is neither owned and controlled by the federal government nor public funds are involved in the running of the affairs of the Respondent.
In The Cabinet Division Letter No. 1/92/2019/IRC dated 19th May, 2020, the federal government has maintained that “PARCO’s account would not be audited by the Auditor General of Pakistan” and that “PARCO’s would remain exempt from appearing at the DAC/PAC” And that PARCO would not be required to place the Annual Report before the Parliament.
It is evident from the Cabinet Division letter that the commitments made to the entity in Joint Venture agreement, the federal government is not treating the Respondent as a public body and has reiterated that “para-2 of annex-I of the report on Reorganization of the Federal Government clearly states that the existing legal status of an entity will remain unchanged and only for administrative purpose such bodies have been classified as Autonomous Bodies”.