- He expressed these views during Financial Crime Summit.
- President regretted that we had not learnt from the past.
- He regretted that pilferage and corruption had crippled Pakistan.
KARACHI: President Dr Arif Alvi has said that a government with a clear mandate, regardless of which party came to power, was essential and the only solution for Pakistan to overcome its present financial woes, adding that all the stakeholders needed to display cooperation and unity and make strong efforts in order to steer the country out of the present financial situation.
The President expressed these views while addressing the 4th Financial Crime Summit held at Karachi, on Saturday. The 4th Financial Crime Summit was held at Karachi.
Talking about country’s financial situation, the President regretted that we had not learnt from the past and other countries had outpaced Pakistan in terms of economic development. He said that political cooperation was needed to overcome the present financial situation.
The President highlighted that man’s conscience was the greatest deterrent against crime, and different religions, including Islam, endeavoured to inculcate the spirit of self-accountability. He said that enacting strong laws, ensuring their implementation, apprehending corrupt elements, imposing appropriate punishments and discouraging corruption, both financial and moral, at the societal level were essential to curb financial crimes.
He said that Quaid-e-Azam had also highlighted the prevalence of corruption among the Muslim elites of Indo-Pak sub-continent, adding that collective efforts were needed to make Pakistan a nation that was based on morality and the sayings of the Founding Father, Quaid-e-Azam Muhammad Ali Jinnah.
He regretted that pilferage and corruption had crippled Pakistan and we were now reliant upon aid and loans. He said that corruption was prevalent across the world and was not just the problem of developing countries and needed to be curbed by eliminating loopholes from financial laws and systems.
The President said that he did not sign the NAB Amendment bill has he believed it to be against the spirit of accountability and justice. He said that under new financial crime laws throughout the world, the accused and the owner of assets has to provide the money trail. He said that Islamic history was filled with morally and financially upright personalities, adding that Holy Prophet (PBUH) was regarded as “the Trustworthy” among his people, and trustworthiness was an important factor while dispensing the business of the state.
[embedpost slug=”pakistan-overwhelmed-by-global-response-at-geneva-conference-fo”]
