Speakers stress for enforcement of laws to curb corruption

Web DeskWeb Editor

02nd Sep, 2021. 12:15 pm
LCCI

LAHORE: Speakers at a seminar have stressed the need for raising awareness and ensuring enforcement of laws for curbing the menace of corruption.

“Corruption is [the] root cause of evils in all sectors. It affects [the] economic activities, local and foreign investments and leads to poverty,” they said, while speaking at a session on “anti-corruption and character building” at the Lahore Chamber of Commerce and Industry.

National Accountability Bureau (NAB) director Syed Muhammad Husnain said that the institution was determined to eliminate corruption through awareness and enforcement of the laws.

He highlighted different types of white-collar crimes and measures taken by the NAB to recover hard earned money of the masses.

The NAB wanted to become a credible, effective, efficient, and dynamic anti-corruption organisation to create a corruption-free society, Husnain added.

LCCI president Mian Tariq Misbah said that his institution had always advocated for strong measures for making Pakistan a corruption-free country.

The LCCI acknowledges the importance and efforts of the NAB, as Pakistan’s apex anti-corruption organisation.

Through this event, the representatives of the business community would be made aware about the adverse impact of corruption, particularly on the economic progress of an emerging economy such as Pakistan.

“Pakistan is ranked considerably low on the Corruption Perceptions Index prepared by the Transparency International. Our country is consistently slipping down for the last three years in this index. Pakistan stood at 117th place in 2018, whereas in 2019 and 2020, it further went down to 120th and 124th places, respectively, of the 180 countries. This low ranking implies that Pakistan is not making sufficient progress towards tackling the menace of corruption,” he said.

The political will for curbing the menace of corruption was really encouraging, he said, adding that the private sector’s perspective about the corruption was quite clear.

“We believe that corruption hits the foundation of the economy. Corruption in the state organs is damaging the growth of the economy. [the] administrative reforms are imperative, if corruption in the system has to be rooted out,” Husnain said.

The National Accountability Bureau and the relevant departments at the national and provincial levels should work in harmony for achieving the desired results, he added.

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