We do not begrudge parliamentarians their wealth. Given the nature of politics in Pakistan, it is all but inevitable that only the wealthy can afford to run for office. But it is not tolerable for the already-wealthy to enrich themselves at the expense of the exchequer of a poor nation, and these financial disclosures are meant to be a safeguard against such illicit activity: if there is an unusual increase in a politician’s wealth, people have the right to ask how it happened. But the process appears to have become a joke. There is absolutely no standard imposed on how the disclosures are to take place. For starters, there is no agreement on whether to use cost of acquisition or current market price as the value of an asset. This may sound like a trivial accounting rule, but it matters: land acquired for Rs18 million in the 1970s is worth considerably more than land bought for the same amount today. Politicians seek to obfuscate the true nature of their wealth by using irrelevant and outdated methods of valuing their assets. And some appear to have used different methods in different years to hide what appear to be substantial increases in their net worth.
Others have not even pretended to follow any modicum of sane accounting rules and entered unjustifiably low valuations for assets that even a cursory evaluation would suggest are worth significantly more. In this, we would like to point out that Prime Minister Nawaz Sharif’s valuations for his considerable assets seem absurdly low. What is troubling is that neither the ECP nor any other government agency has any mechanism for evaluating the accuracy of parliamentarians’ claims.
We seem to have been asked to take their words for it, which appears to defeat the purpose of the whole exercise. But what is disgraceful is the fact that about half of all legislators in the country have not paid a rupee in income taxes at all, and one in eight have not even registered themselves as taxpayers. Indeed, the party that effectively made anti-corruption its platform — the Pakistan Tehreek-e-Insaf — appears to have done no better than its older, more traditional rivals in terms of parliamentarians who pay their taxes or are registered with the Federal Board of Revenue.
If we sound harsh and judgmental, we mean to be. These are not ordinary people and their personal finances are not their private affairs that they have a right to keep secret. These are public officials who ask to be trusted with the nation’s purse, and we demand better accountability of them. If they think they are above disclosing the truth, above respecting the voters enough to be honest with us, then they deserve to be driven out of office. Our republic cannot survive without trust in the system of government, and our faith in government cannot be restored unless those who govern us live by the same rules as everyone else.
Published in The Express Tribune, December 29th, 2013.
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COMMENTS (8)
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Point taken, however we should take the FBR data submitted to the ECP at time of elections with a pinch of salt. You mention #PTI, but the discrepancy shown about Imran Khan's taxes were cleared quite convincingly with the party showing his original tax return and incomes, which leaves us with the unfortunate conclusion that the FBR made several mistakes in its submissions to the ECP before elections.
So one would like to make judgments, but I wouldn't keeping in view possibility of further error. Further some areas esp in KP had been declared tax exempt for various reasons, so one has to keep that in mind as well. All politicians who are mentioned in the report should be given chance to clear themselves...in fact it should've been part of the "investigative" report.
Ideally of course, the ECP should've done this job and disqualified those with discrepancies before elections. Then maybe we wouldn't be seeing such legislators deciding our fate.
The standard procedure is that any contestant for Assembly polls while filing their nomination has to declare the details of assets acquired either purchased / inherited. date of purchase, the purchase price/ acquiring cost and also its present market value ( and how the market value has been arrived at)PLUS the details of his/ her liability with details of loan if any, borrowed from Bank, and also if there had been any default in repayment.these details are given for the current financial year and the previous year. the contestant has to mention the amount of income tax paid by him/ her for the same period. Plus if any civil/ criminal case is lodged against him/ her whether it is pending in the court or disposed off AND if any punishment by the court has been awarded to the contestant in the past.are also to be declared in the nomination paper . These details are also made available on the websites of the election commission so that voters are aware of their present and past.
You are welcome to unearth the lies, hypocrisies and ugly truths of the politicians. But most of the media is stopped by some 'mysterious force' from doing that. The more facts we know about our leaders the more accurate decisions we will be able to make about them.
Who is to be blamed. In the garb of democracy these politicians have fooled the nation. We elected NS and next time for sure it is going to be Bilawal's turn. When shall this nation awake.
The govt needs state how assets are to be evaluated, somebody who purchased land in the 70s will obviously quote the money spent in purchasing it. Unless the govt provides formulae or procedures to get assets reevaulated, somebody cannot get up and state a value for his assets today.
It is unimaginable for me to attempt to gauge what each educated, employed, underpaid, and overtaxed individual in Pakistan must feel at this extreme slight otherwise known as "ASSET DECLARATION" by our politicians. To be treated like serf and idiots must be enough to boil the blood of any sane person, let alone those who are striving hard day and night to make ends meet. The level of angst and frustration must be overpowering beyond measure.
Just look at the leaders living in utmost luxury without ever working for a living. Some have inherited a bit but most did not have much to start with. With a few exceptions most politicians do not work ever and their families live like royalties in the most expensive places of the world. None of them speak the local languages or bother to talk to a common man but the common man is fooled every time. Without ever working how one can even manage to pay bills of such mansions let alone buying them?