Karachi, December 09, 2013 (PPI-OT): To commemorate the World Anti Corruption Day the United Nations Global Compact (UNGC) member in Pakistan has invited the attention of the prime minister (PM) Nawaz Sharif to the increasing corruption in the country due to inflation despite efforts of his government to curb corruption.
Zulfikar Thaver member United Nations Global Compact (UNGC) said the Pakistan Muslim League Nawaz (PML-N) government is making efforts to curb corruption but unfortunately inflation has caused it to increase therefore inflation needs to be checked first. The crime rate is also increasing due to inflation, unemployment and corruption in the law enforcing agencies due to their inability to live within their salaries.
Secondly since in Pakistan the majority is ruled by the minority who are rich and greedy and have their wealth in foreign lands and since the Pakistani rupee is being devalued every single day their wealth is increasing every day and those rich families who have money in Pakistan are multiplying their wealth by purchasing the US dollar and increasing their wealth without paying any income tax. The rich are becoming richer and the poor poorer and urged the PM to take bold measures to curb corruption.
The rupee is becoming smaller every day and the common man and small businessmen are finding it very difficult to survive in the meager income, the political leaders are kleptomaniacs and this is not democracy this is kleptocracy where the government is by those who seek chiefly status and personal gain at the expense of the governed and this needs to be corrected otherwise he warned the government of tough times and massive protest.
He said in democracy the majority is represented in the assemblies but here the minority the feudal lords and the big industrialist occupy seats in the parliament and form the government and promote their interest only.However there is a change coming and as in India the common man party won the elections in Delhi even in Pakistan the change is likely.
He pointed out that due to daily inflation the hoarders are purchasing commodities and are benefiting from the daily price increase and if due to manipulation the prices are lowered for a short period it is only to enable them to purchase fresh stocks for hoarding.
He lamented that the streets, bridges and structures are built at exaggerated cost and huge amount of money is siphoned out from the treasuries, the banks are parking all their money with the government and the government is spending it lavishly and are not prepared to reduce their expenses. The banks need to be directed to finance the private sector and shift their investment portfolio to the entrepreneurs.
He advised the PM to examine the situation in its true perspective and take measures to reduce the burden on the common man.
He reiterated that the government should provide petrol, utilities, medicines and kitchen items at subsidized rates to the lower income group and to cover this subsidy, impose tax on agricultural income but enhance the tax exemption limit to rupees half a million per annum for all.
The import duty on luxury goods should be increased substantially and the exchange rate for import of raw material and packing material be lowered and for exports at the prevalent rate to promote exports.
The SMEs should be facilitated and the SME policy be implemented in letter and spirit wherein access to finance, insurance and leasing are ensured to enable them to join the mainstream and modernize their units.
All remittances and transfers abroad be checked for flee of capital as the money exchange companies are transferring huge amounts everyday through different modes. The dollar is become a parallel currency and unlicensed financiers are lending money in rupees but are demanding return payment at the exchange rate of the dollar.
The union chief has called upon the PM to be firm and take necessary bold action to curb inflation and corruption in the country on war footings as inflation is increasing corruption. The union urged the PM to carry out surprise checks, to open complaint centres and run a full fledged campaign against corruption in true spirit.
For more information, Contact:
Union of Small and Medium Enterprises (UNISAME)
75/1 3rd Commercial Street,
Phase IV, D.H.A., Karachi, Pakistan
Phones: + 92 35884225 and 6
Cell: + 92 300 8245307 and + 92 321 8245307
Fax: + 92 35380642