Corruption Of Pakistanies Politicians

[Wise_Guy 44]

Asalam O Alikum To All Frndz,

So i want to tell & know abt THE ABIDING GIANT OF CORRUPTION. coz we all

Ween from others dat they should have to do some thing abt it but just think

ever u tried to do some thing. i know dat we can't take any MAJOR step but

now it's the Exigency of time dat we should take actions against it from the

Lower-Class.i hope that u'll share ur informations & suggestions abt

it.maybe it will become a way to new Dazzling & Progressive PAKISTAN.we

should remember one thing that FAIZ AHMED FAIZ said,

Zubaan-e-Khalq Ko Naqqara-e-KHUDA Samjho,

Kuch Hota Hay Jab Khalq-e-KHUDA Kuch Kehti Hay.

LONG LIVE PAKISTAN.

PROUD TO BE A PAKISTANI.

[Wise_Guy 44]

Why is there so much corruption in Pakistan?

I don’t think anything can be done to eliminate corruption entirely, as long as this planet is inhabited by greedy humans. Corruption at the lower level is tolerable. One can understand why a poorly paid clerk takes a hundred rupees from you to find a missing file, but why should those who earn more than enough for their needs also indulge in corruption? I used to know a terribly greedy engineer who not only charged ten percent on all the bills he approved, he also asked contractors to build his bungalow without paying them the labour charges. Then there was the shameless managing director of a public corporation who had no qualms about pocketing bribes of even five thousand rupees in his office in full view of his staff. A translation of a popular Urdu saying is, “In the national bathroom, everyone is naked”. This describes how deeply entrenched corruption is in our society. Even private sector employees have got into the habit of taking commissions on purchases and contracts.

In a way, we are all responsible for the sleaze. We prefer to take the short cut instead of waiting it out. When our telephone is out of order, we pay the lineman to restore it. We see a long line of people in line waiting for water tankers, so we pay the clerk at the counter a bribe to get water before the others do. The tax inspector sends us a demand for ten times the amount we should pay, so instead of appealing to a higher authority we pay him to reduce the demand. In this way, we only make them more corrupt.

Of course, not everyone who works for the government is corrupt. There are a few good people who don’t take bribes but they are soon transferred to remote areas or put in places where they are useless and not likely to infect others with this disease called “honesty”.

[Wise_Guy 44]

Considering how many finance-related corruption scandals (in Pakistan) we get to read about, I have started a new thread. I hope mods would leave it open, and we can use for the purpose of reporting/discussing only the fincial corruption/scandals in Pakistan.

[Wise_Guy 44]

Banks waive Rs 153.5 billion loans in eight years

Businessmen, political leaders, retired army men, and journalists are among over 3,300 people who got Rs153.5 billion loans written off from 11 financial institutions between 1999 and 2007.

According to a copy of list available with Dawn, 630 people got loans totalling Rs 60.8 billion waived from the Bank of Punjab,

485 people/groups benefited to the tune of Rs 59.55 billion from the ‘generosity’ of the Industrial Development Bank of Pakistan,

The National Bank gave relief of Rs 23.5 billion to 1,088 people,

Zarai Taraqqiati Bank favoured 556 individuals and businesses with Rs 1.88 billion write-offs,

First Women Bank waived loans of 139 people/groups amounting to Rs 782.8 million,

204 people/groups benefited from SME Bank with Rs 279.7 million,

The Bank of Khyber waived Rs 499.3 million of 98 individuals/groups,

Pak-Libya gave relief to 48 people with Rs 896.9 million,

Pakistan Kuwait Investment Company to 22 individuals with Rs 63.4 million,

Saudi Pak Industrial & Agricultural Investment Company to 31 people with Rs 169.4 million.

The Pak Oman Investment Company favoured one with a Rs 1.78 million waiver.

Major Beneficiaries

Major Beneficiaries include

Siraj Steel of Muridke with Rs 1.412 billion

Mohib Textil Mills of Multan Road, Lahore, (Rs 1.117 billion)

Maj-Gen Mian Abul Qayyum (retd) of Qurel Cassette (Rs 900 million)

Adamjee Garments, Adamjee International and Golden Valley Trading, Adamjee Karachi (Rs 239 milliom)

Kohinoor Looms of Raiwind, Lahore (Rs 945 million)

Mekran Fisheries (Rs 961 million)

Quality Steel Works of Manghopir Road, Karachi, (Rs 981 million)

Pakistan Fertilizer of Gulshan-i-Iqbal, Karachi (Rs 323 million)

Associated Industries Garments of Nazimabad, Karachi (Rs 406 million)

Fateh Textile Mills of Hyderabad, (Rs 352 million)

Metropolitan Steel Corporation (Rs 747 million)

Adamjee Industries of Karachi (448 million)

Glamour Textile Mills of Abid Majid Road, Lahore, ( 533 million)

Allied Textile Mills of Larkana (Rs 296 million)

Anand Textiles Mills (Rs 279 million)

First Tawakal Modaraba of Shaheen Road, Karachi, (Rs 628 million)

National Garments of Lahore (Rs 335 million)

Salahuddin Sahaf and Wahiduddin Sahaf’s dyeing & finishing, and food industries (Rs 317 million)

Haleem Ghouri and Karik Ghouri of Aleem Sons (187 million)

Oberoi Textile Mills (Rs 260 million)

Taymur Spinning Mills of Lahore (Rs 185 million)

Sampak Paper & Board of Lahore (Rs 216 million)

Okara Textile Mills (Rs 126 million)

Khairpur Textile Mills (Rs 146 million)

Techno Glass Industries of Lahore (Rs 215 million)

Metropolitan Steel Corporation of Karachi (Rs 190 million)

Bhittai Food Industries (Rs 248 million)

Malik Food Industries (Rs 367 million)

General Dairies (Rs 246 million)

Fruit Sap Ltd (Rs 242 million)

Crescent Standard Investment Bank of Lahore (Rs 370 million)

Aries Global (316 million)

Aghosh Public School (285 million).

PML-Q leaders Chaudhry Shujaat Hussain, Pervaiz Elahi, Wajahat Husaain, Mansoor Elahi, Sabah Elahi and other family members’ Punjab Sugar Mills, Khanewal, had got a ‘meagre’ loan of Rs 37.9 million written off. And so do Sardar Jaffar Khan Leghari Rs 33,38,000 and Tehmina Durrani Rs 105.9 million.

Similarly, Barex Ltd of Lahore owned by senior journalist Mujeebur Rehman Shami and other family members got Rs 3.89 million loan written off.

[mansoor 0]

Nice thread wise Guy

Yea its sorry looking list ! corruption is giving birth to many related evils in our society, I hope sum day we could see a less corrupt Pakistan .. sum day , may be !