• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Time of Pakistan
No Result
View All Result
Home Featured

Corruption causes billions of losses on daily basis: NAB chairman

ToP by ToP
December 14, 2012
in Featured, Govt., Pakistan
0
Corruption causes billions of losses on daily basis: NAB chairman

Corruption causes billions of losses on daily basis: NAB chairman

0
SHARES
1
VIEWS
Share on FacebookShare on Twitter
Corruption causes billions of losses on daily basis: NAB chairman

ISLAMABAD: The National Accountability Bureau (NAB) Chairman Fasih Bokhari on Thursday said that six to seven billion rupees are wasted in corruption on daily basis.

Addressing a press briefing here, Bokhari insisted that the country is facing rupees six billion to seven billion corruption daily adding that this massive corruption is inflicting huge losses to the national exchequer.He said tax revenues worth billion of rupees could be generated for the national exchequer by plugging loopholes in the system and stemming out corruption.Bokhari said it is estimated that Rs12 billion are siphoned off on daily basis because of corrupt practices while tax revenues worth Rs7 billion are evaded per day.

He said the reason of daily loss of rupees six to seven million to national treasure was corruption and inefficiency.Issuing a corruption paper today, he said Pakistan has tax-to-GDP ratio is at 9 percent which could easily be 18 percent like in rest of the world, adding the country may annually receive 2500 billion rupees in taxes, i.e. Rs7 billion daily.Not three, there are only two pillars of state now in Pakistan, the NAB chief said clarifying that a pillar consists of legislators and executives and the other one is judiciary.

The legislators, he added, appoint the executives of their choice and such is happening on both federal and provincial levels.”I have already said three months back that Pakistan is losing huge amount of money to corruption on daily basis”, he added.Bokhari said favoritism in appointment of key posts has become tragedy for the country while federal, provincial and local governments are appointing jobs to their favorite candidates without merit.

He said 1700 cases of corruption are registered in NAB while the Bureau had prevented corruption in 173 federal and provincial departments.NAB chairman said to prevent corruption regularity system would be corrected adding that FBI would investigate from those people who do not pay taxes.He said there is no chance of military rule in the country and every act would be perfumed as per constitution. NAB chairman said they are ‘ready to join any forum to prove what they said’. It termed objection of federal cabinet in this regard ‘pointless’. – Onlinenews

Tags: NAB Chairman Fasih BokhariNational Accountability Bureau
Previous Post

PML-N to launch election campaign from Jan 1

Next Post

Nasa ‘Everest’ photo was Indian mountain Saser Muztagh

ToP

ToP

Related Posts

11th J.A. Zaman Memorial Open – Powered by Gem Golfers
Sports

11th J.A. Zaman Memorial Open – Powered by Gem Golfers

by Jameel Ahmad
April 9, 2025
Imran Khan
Pakistan

Imran Khan and Bushra Bibi Sentenced to Jail in £190 Million Case

by Jameel Ahmad
January 17, 2025
shaza fatima khawaja
Pakistan

World’s Largest Submarine Cable Arrives in Pakistan: Could This End Internet Woes?

by Jameel Ahmad
January 15, 2025
Kundi
Pakistan

“Nothing Was Seen”: Kundi on Talks

by Jameel Ahmad
January 3, 2025
Inflation
Pakistan

Pakistan’s Inflation Plummets to 6-Year Low: ‘4.9% in November Sparks Hope for Rate Cuts’

by Jameel Ahmad
December 2, 2024
Belarus President
Pakistan

Belarusian President’s Three-Day Visit to Pakistan Promises Strengthened Ties and Key Agreements

by ToP
November 25, 2024
Arno by Anny Dresses
Fashion News

Arno by Anny’s Launched its Latest Western Wear Collection for Women

by Jameel Ahmad
October 31, 2024
Next Post
Saser Muztagh

Nasa 'Everest' photo was Indian mountain Saser Muztagh

Popular Stories

  • Farhan Ali Qadri

    Naat Khawan ‘Farhan Ali Qadri’ Arrested

    0 shares
    Share 0 Tweet 0
  • Save Big on Style: 15% Off Andre Emilio’s Custom Black Suits for Every Occasion

    0 shares
    Share 0 Tweet 0
Time of Pakistan

About Times Of Pakistan

kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

Other Categories

  • Beautiful Pakistan
  • Fashion News
  • Funny News
  • Viral Videos
  • Weird News

Recent Posts

  • 11th J.A. Zaman Memorial Open – Powered by Gem Golfers
  • Imran Khan and Bushra Bibi Sentenced to Jail in £190 Million Case
  • World’s Largest Submarine Cable Arrives in Pakistan: Could This End Internet Woes?

Times Of Pakistan © 2024. Design & Developed by E2E Solution Providers.

No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In