No wonder rich are getting richer, poor are getting poorer and middle class disappearing fast. This imbalance of wealth distribution and money hoarding by the corrupt in the country has caused economic stagnation, chaos and social unrest among have-nots of the country. Only elimination of corruption can impart stability to the country. These days there is uproar about the Pakistanis who have bought properties in various countries, particularly in UAE and Britain. How much of the capital invested was taken out of the country after payment of taxes and how much comprised black money was never investigated by the previous governments. Had it been legal money, these furious guys would have paid due taxes on it. Legal money has venues to be transferred such as banks, which is not the situation in this case. By going for amnesty and paying just five per cent shows the intent of these people to turn black money into white. Money laundering is a crime and the government’s action against it should have been welcomed instead of trying to use it for political point scoring by the opposition. The Supreme Court took a suo motu notice of the issue of siphoning off money without payment of taxes in February, this year. There was a report of loophole in the state bank system which was deliberately left out by all the previous governments. Now, as the PTI government has identified faults in the bank system and is trying its best to correct them all the opposing forces have ganged up against the government. One should avoid being advocate of the corrupt who are the cause of a booming parallel black economy resulting in flight of billions in foreign exchange to be parked in real estate abroad. The need is to plug all the loopholes such as illegal money changing houses, Hawalla and Hundi operating houses and human carriers still in vogue causing flight of foreign exchange capital from the country. The latest JIT report of finding bogus accounts through which PKR 54b has been laundered abroad, is just tip of the iceberg, clearly showing the tentacles of the corrupt mafia running deep into the country economic management system, made possible through connivance of bankers, industrialists, businessmen, airports officials etc. The CJP is right in saying that with such money this cash-strapped country does not need go begging for donations to build a dam. We need to dismantle this cobweb of corruption to reach to the real actors. The latest clear and loud statement by Prime Minister Imran Khan on anti-corruption drive carries a ray of hope. Given proper direction and patronage, this drive can root out corruption for good.
PM stance on anti-corruption drive carries a ray of hope and with proper direction it can root out corruption for good.