Karachi—Governor Sindh Dr Ishrat-ul-Ebad Khan Thursday said that five most challenging factors for doing business in Pakistan in the past were corruption, tax rates, inflation, access to financing and insufficient government bureaucracy from which corruption was cited the most problematic.
This he said while addressing presentation of Transparency International Pakistan Integrity Award to Director General NAB Sindh Lt. Col.(R) Siraj-ul-Naeem here at Governor House.
Provincial Ombudsman Asad Ashraf Malik, retired Justices of Sindh High Court were also present on the occasion.
He said that it was very unfortunate that corruption exists in our country in all domains from politics to private and corporate sector. Our history shows that governments were overthrown on the charges of corruption, he opined.
Governor Sindh said that it is an established fast that effective accountability mechanism is essential for economic growth, investment and stability of social sector in any society. It is also a recognized fact that the intervention by NAB has acted as a catalyst, as transparency is a pre-requisite for promoting investment and economic growth, he added.
Dr. Ebad said that the contributions made by National Accountability Bureau to fight such a huge menace and curbing corruption is based on a three pronged strategy of awareness, prevention and enforcement and it has been immensely successful.
He said that since 2014, NAB has acted with new zeal and has carried out a detailed analysis of organizational weaknesses, procedures and business processes and human resource development also.