Rs 8,500 bn corruption mars Gilani tenure: Transparency

[fatman17]

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Rs 8,500 bn corruption mars Gilani tenure: Transparency

Ansar Abbasi
Sunday, February 05, 2012


ISLAMABAD: Pakistan has lost an unbelievably high amount, more than Rs8,500 billion (Rs8.5 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.

The TIP advisor, Adil Gillani, told The News that the real impact of corruption in the country’s economy is far more than what is generally estimated or what is formally uncovered. He believes that Pakistan does not need even a single penny from the outside world if it effectively checks the menace of corruption and ensures good governance.

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.

These institutions have been helping the corrupt to get off the hook by distorting and mutilating the evidence in favour of the influential accused.

Adil Gillani, the TIP representative, who too has been haunted by the government during these years for producing corruption reports, explained that the TIP pointed out corruption of Rs390 billion in 2008, Rs450 billion in 2009, Rs825 billion in 2010 and Rs1,100 billion in 2011 under the present regime. The total of these identified cases of corruption is Rs2,765 billion.

In addition to this, he explained the following:

The minister of finance of the present regime himself confirmed corruption in FBR of over Rs500 billon per year, which makes the total Rs2,000 billion; Auditor General of Pakistan pointed out Rs315 billion corruption in 2010; Public Accounts Committee recovered Rs115 billion in 30 months till 2011; circular debt is Rs190 million; KESC was given Rs55 billion illegal benefits per annum since 2008; state-owned enterprises like PSO, PIA, Pakistan Steel, Railways, SSGC, SNGC are eating away Rs150-300 billion per annum; tax to GDP ratio in 2008 was 11%, which in 2011 has reduced to 9.1% instead of being increased.

Gillani explained that Pakistan’s Gross Domestic Product is worth US$175 billion and in the light of this the drop of 1.9% in the tax GDP means annual loss of US$ 3.3 billion. This confirms that FBR is losing Rs300 million per annum, which is annual additional loss since 2008 and stands at Rs1,200 billon in four years

The TIP adviser added that India’s tax-GDP ratio is 18%, and at that rate, Pakistan’s tax evasion/corruption in FBR is 9% of $175 billion, which is US$15.5 billion per year, i.e. Rs1,400 billion per year.

It is worth mentioning here that it is not only the Transparency International but there have been different international bodies including the World Bank and world capitals, which have been showing their concern over rising trend of corruption in Pakistan under the Gilani’s regime. It was mounting corruption and extremely bad governance, which even dithered the outside world to offer cash to Pakistan during 2010 and 2011 floods, which devastated different parts of Pakistan and affected millions of people.

At home the corruption became a fashion in such a shameless manner that even the cabinet ministers started openly pointing fingers at each other and even at the highest levels including the prime minister. Some even approached the Supreme Court but despite all this, corruption remained the hallmark of the present regime, which instead of curbing it started defending it in the name of democracy.

[Al Bhatti]

Long live the people who voted and will vote for the "selected" "special people" time and time again out of the 180+ million and help them to work for the "good" of the nation.

[Archie]

Can anyone tell me , how much of it actually went into swiss Accounts of Zardari
i mean surely it cant be 94 Billion USD

[Icewolf]

hang him... or if the public had a sniper rifle, i would volunteer.

[Al Bhatti]

Can anyone tell me , how much of it actually went into swiss Accounts of Zardari
i mean surely it cant be 94 Billion USD

Clapping is done with both the hands and not with just one hand.

And you think he is the only one corrupt in Pakistan? All the politicians in the media show their enmity towards each other, but when it comes to $ they work under the table hand in hand to make sure all are on the same page so that their "revenues" can increase by leaps and bounds without any fear from any politician.

[Al Bhatti]

hang him... or if the public had a sniper rifle, i would volunteer.

Is he the only one?

Why should others be pardoned?

[LoveIcon]

Long live the people who voted and will vote for the "selected" "special people" time and time again out of the 180+ million and help them to work for the "good" of the nation.

Long live those people who even don't bother to cast their vote and most of them are educated and have better insight of economy as compare to the ones who are illiterate and vote for money, cast or just to have their street built.

---------- Post added at 01:57 PM ---------- Previous post was at 01:57 PM ----------

Can anyone tell me , how much of it actually went into swiss Accounts of Zardari
i mean surely it cant be 94 Billion USD

at-least 10%

[Icewolf]

Is he the only one?

Why should others be pardoned?

it's a domino effect. once the king is killed, the monarchy will fall.

[farhan_9909]

sala 10bn $ hamay deta hum b mmrcA open kr lete

[ice_man]

just a question how much did gillani personally take?? how many did his party members got? and how much did PML Q,ANP & MQM get????

[KRAIT]

Com'on yaar, Now your politicians are competing with us in corruption. Well remember that we will ALWAYS have edge over you atleast in this field.
Or you are ahead of us

[Icewolf]

just a question how much did gillani personally take?? how many did his party members got? and how much did PML Q,ANP & MQM get????

i don't know man... seems like PPP is begging the army for a coup. if ISI and Army lose funds, it's time to roll

[KRAIT]

Are you telling he is involved in $94 billion of corruption????
, "Pakistan’s tax evasion/corruption in FBR is 9% of $175 billion, which is US$15.5 billion per year,"

[Nothing]

just a question how much did gillani personally take?? how many did his party members got? and how much did PML Q,ANP & MQM get????

From some contractor who takes contract to pickup garbage to Presidents , every ministers and all government officials (except 0.1%).. if Boss is corrupt how can he stop his employees from corruption ..

[Jungibaaz]

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hang him... or if the public had a sniper rifle, i would volunteer.

I second that.

These b@st@rds should be hung!