And its role in affecting Pakistan business

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Presentation transcript:

And its role in affecting Pakistan business Corruption And its role in affecting Pakistan business

Corruption Dishonest or illegal behaviour especially by powerful people (such as government officials or police officers) often involving bribe Forms of corruption Widespread political and financial corruption Nepotism Misuse of power Bribery/gifts Threats Transparency International

Corruption in Business Businesses in Pakistan suffer from regular encounters with bribery and other acts of corruption The Pakistani penal code prohibits it, but the corruption occurs nevertheless Companies encounter corruption in almost all systems Daily power outage for hours at a time occur due to corruption and mismanagement of resources

Corruption in Pakistan Judiciary Judiciary was identified the most corrupt area in the government of Pakistan in 2011 along with police forces Businesses are affected by the judiciary system

Corruption in Politics Many members of police are not reliable, especially when it comes to the protection of businesses from crime and terrorism Corruption is worse at lower levels

Anti-corruption areas Various anti-corruption acts have been written 1947, 1950 and 1958 National Accountability Bureau, a federal institution that fight against cases of financial crimes, economy, terrorism and corruption Khyber Pakhtunkhwa Right to information bill adds transparency to various functions of the government. Citizens of the province have the right to access any information or record, unless the information is sensitive to the security of the state In 2007, blanket immunity was given to all past acts of corruption, many corrupt members are still in the government because of this