Corporate, Political, Government Corruption News in Pakistan

Loss to Pakistan Economy due to Corruption

 

Pakistan has lost an unbelievably high amount, more than Rs 8,500 billion (Rs 8.5 trillion or US$94 billion), in corruption, tax evasion and bad governance during the last four years of Prime Minister Yusuf Raza Gilani's tenure, Transparency International Pakistan (TIP) claims.

It is generally believed that the four years of the present regime under Gilani had been the worst in terms of corruption and bad governance in the country's history. Past records of corruption were broken and Pakistan started rising in the ranks of the most corrupt nations of the world. There has been no check on corruption as the anti-corruption institutions like the National Accountability Bureau and Federal Investigation Agency instead of checking corruption have been siding with the corrupt.