KARACHI: Evidences and media reports indicate that Pakistan is losing billions of rupees to fraud, tax evasion and tax avoidance. Painfully, the past and present rulers allegedly involved in various economic and organised crimes do not show even an iota of interest in addressing illicit outflows and money-laundering crimes in the country.
Financial crimes, such as tax dodging, mega and petty corruption and money laundering, committed by those born into ruling families is hurting the economy beyond the manageable level of repair.
However, time is ripe to pass legislation designed to stop illicit flows, creating financial intelligence units and monitoring banking activities in the relevant federal and provincial organisations and award exemplary punishment to those who are thieving, looting and plundering money and other resources of the state. For how long will we let the plunderers rule us. For heaven’s sake, save the state and punish the thieves.
Published in The Express Tribune, May 15th, 2019.