Hi nawab
It sounds like you're being a bit impatient. Building muscle mass takes much more time than it does to build fat stores, and your calorie excess and diet is set up to generate fat stores and bloating rather than lean, tight, muscle mass. You probably are building some muscle but it will look disproportionate and miserly because most of the gains are around your stomach. While a fair bit of that will be fat, you'll also find there's a lot of water being held there too.
1. Lay off the carbohydrate heavy foods a little, and replace them calories (or 70% of them) with low fat sources of protein: Fish, chicken, pork, skimmed-milk, and eggs (3 egg whites to one yolk; 3:1).
2. For carbohydrate sources choose: oat meal, brown whole-wheat rice; brown or whole-wheat pasta; whole-wheat bread; vegetables, both root and salad; legumes (beans), pulses, and nuts.
3. Don't eat more than 3 pieces of fruit per day (one before and after training), on training days, and just two on no-training days.
4. Consume plenty of fluids, mainly water or diluted squash if you don't like the taste of water.
Don't worry too much about macro-nutrient proportions, other than increasing protein above what you normally eat, and decreasing your normal consumption of carbohydrates. You''ll find this hovers around 30/50/20 P/C/F.
Train 3 times per week and an extra day for cardiovascular purposes. The water will start shedding within a week or two, muscle mass will become more apparent, and so will fat loss within 4 or 5 weeks.
Rome wasn't built in a day, as the saying goes, and to steal a proverb from Aesop's 'The Hare and the Tortoise', slow and steady wins the race!
Craig