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DG NAB

(VIDEO AND TEXT) Corruption augments cost of doing business by 20% in Pakistan: DG NAB Altaf Bawani!

M. M. ALAM

KARACHI: Director General National Accountability Bureau (NAB) Muhammad Altaf Bawani while talking here at Karachi Chamber of Commerce and Industry told that according to a research conducted by NAB it transpired that cost of doing business in Pakistan augmented by 20% due to corruption.

Negating a member’s observation that government employees were corrupt due to being underpaid, Altaf Bawani held that there was a minor difference between need-based and greed-based corruption. Those who are not content should opt for other professions.

He told that 35 personnel of NAB were investigated for their involvement in corruption and many were still languishing behind bars.

Speaking about the importance of educating youth vis-à-vis corruption Altaf Bawani informed that with the support of HEC, NAB was approaching University and school students, particularly girls.Muhammad Altaf BawaniEarlier President KCCI Muffasar Atta Malik, pointing out that due to corruption legitimate investors suffered, asked to computerize processes and minimize human to human contact.Muhammad Altaf BawaniChief of BMG Group Siraj Kassam Teli said that only businessmen who send their own capital abroad were targeted for corruption because they could not retaliate, while politicians, bureaucrats and generals were not nabbed though they usurp nation’s money.

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.