Who Owns Pakistan - Yimg

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28. Ushr 29. Oilseeds Development Cess on Companies 30. Tobacco Cess 31. Cotton Cess 32. Development Surcharge on Electricity 33. Textile Technology Cess 34. Airport Tax 35. Cargo throughout @ 2% charges freight charges and an additional three 3% for immediate clearance at Quaid-e-Azam Airport, according to an advertisement in daily, Business Recorder, February 12, 1998. 36. Capital Gain Tax Provincial Taxes 1. Professional Tax 2. Property Tax 3. Vehicle Tax 4. Stamp Duty 5. Entertainment Tax 6. Betterment Tax 7. Social Security Contribution 8. Explosive Licence Fee 9. Provincial Education Cess 10. Capital Gain Tax 11. Punjab Airport Tax 12. Provincial Excise Duty 13. Karachi Dock Labor Board Cess 14. Cess on Hotels 15. Cotton Fees 16. Paddy Development Cess 17. Provincial Excise Duty 18. Land Revenue Tax 19. Employee Old Age Benefit Contribution 20. Trade Tax on Jewelers, Garment shops imposed by Baluchistan govt in 1997-98 budget The Municipal Taxes Like development, corruption bubbles up and trickles down and Pakistan excels in corruption both at the top and the bottom. While corruption at the top has been frequently highlighted, particularly by the sacking of three successive govts during 1990-96, very little is known about the corruption in municipal bodies which are the lowest wrung of govt administration and exemplify the rot at the grass-root in Pakistan. 117
The Presidential Orders for the dismissals of the federal govts in 1990, 1993 and 1996 had refered to corruption in various govt bodies and " authorities" as a ground for dismassal. The word " authorities" was used to refer to corruption in the development authorities like Capital Development Authority, Lahore Development Authority and Karachi Development Authority. Pakistan has at least 16 development authorities and each one requires volumes like the exploits of Casanova to touch upon their corruption and rot. The 7-hour ordeal that Prime Minister Nawaz Sharif underwent on March 11, 1997 in the Faisalabad Development Authority, viewed by millions of people over Pakistan Television gave only a birds-eye view of the tip of iceberg of corruption in these authorities. In addition to the 16 development authorities, Pakistan has two metropolitan corporations, 12 big municipal corporations, 24 cantonment boards, 6 Water and Sewerage Authorities and more than a hundred municipal committees. All these local govt units have their own sources of income and budgets amounting to Rs 25 billion per annum nearly. The tales of corruption that the govt and opposition has been telling the nation for last two decades including the ripping-off the biggest development authorities like CDA,LDA, KDA and PDA. However , the plunder of smaller development authorities like the Rawalpindi Development Authority, Gujranwala Development Authority and Faisalabad Development Authority has largely remained untold. At a press conference in Islamabad, on the eve of February 3, 1997 elections, Imran Khan, chief of Tehrik-e-Insaf released a list of 2,631 plots that were alloted by Nawaz Sharif during 1985-90, in violation of his powers and rules. A document distributed at the press conference estimated that " the cost of this large scale robbery by the leader of PML who presents himself as an honest leader to the nation comes to Rs 5 billion" In 1990 and 1996 when Benazir Bhutto was dismissed, she was charged with allotment of CDA plots to favorites while her chief ministers were accused of similar malpractices in Karachi Development Authority and Peshawar Development Authority. It was alleged that she had caused a loss of Rs 1,310 million to CDA simply by alloting big size plots to educational institutions of her choice. The foundation of corruption in the local bodies is the system of awarding contracts for revenue collection and other municipal functions to private contractors and over the years, the contractors, colluding officials and politicians have hammered out a mutually beneficial, pool system under which they are ripping off the common men but only a fraction of the amount reaches the govt coffers. The common men and businessmen from all over Pakistan have complained against over charging by octroi contractors who are invariably 118
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Who Owns Pakistan By Shahid-ur-Rahm
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G: UBL Privatization Bid ..........
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Pakistan's Robber Barons ..........
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A Brief introduction - For those wh
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Prologue "I Nawaz Sharif, do solemn
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Nawaz Sharif was not an individual.
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A white paper on " Economy under Bh
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The first Nawaz government was foll
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Another remarkable person mentioned
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Dawood lost Karnaphuli Paper Mills,
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disprove that bulk of the banking a
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perpetuated their control over the
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Kohat Cement, Dandot Cement and Tha
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Earlier in this chapter, we have li
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Insurance companies of 22 families
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Born in Rangoon, M A Rangoonwala ha
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Crescent was a joint venture of fou
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Privatization - Turning the Clock B
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day Privatization Conference in Isl
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Independant Resource Group (IRG) of
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companies, management was to be tra
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Accelerated privatization under a f
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Finance Minister took a conscious d
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clauses and buyers have committed b
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22nd May, 1989 suggested a strategy
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Pakistan Petroleum Limited (PPL) to
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group but thanks largely to the ala
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caretaker govt. to recover Rs 1,500
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Pakistan, had incorporated Muslim C
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Cement for Rs 137 million and Rs 18
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5-star hotel. Bhutto who had planne
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For example, PSL is being managed b
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According to the Khalid Anwar, Burm
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also been assigned to the shelves o
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32 Harijanss 61 - 61 33 Shafi 60.2
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21 Sargodha 2,743 -- 22 Al-Noor 2,5
Page 74 and 75: had opened their offices in Japan,
Page 76 and 77: East, REDCO Textile Mills and Const
Page 78 and 79: 4 billion and a roaster of impressi
Page 80 and 81: The geographic location of the comp
Page 82 and 83: Haroon's great grandfather had migr
Page 84 and 85: Gujrati and tended to be organised
Page 86 and 87: 9 Karim 3 10 Hasham 2 11 Latif Jama
Page 88 and 89: At present, the Kaiser Monnoo group
Page 90 and 91: Sugar Mills and Samundri Sugar Mill
Page 92 and 93: " The days immediately after nation
Page 94 and 95: fortunes which were multiplied, in
Page 96 and 97: the pioneer Muslim industrialist in
Page 98 and 99: According to Lawrence White, top se
Page 100 and 101: Beginning of Bad Loans Bhutto's nat
Page 102 and 103: Jang, Rawalpindi of December 14, 19
Page 104 and 105: 8 Saigol 1,086 9 Naqvi 1,056 10 Zah
Page 106 and 107: 10, 1997, the Supreme Court observe
Page 108 and 109: Prime Minister Nawaz Sharif will gl
Page 110 and 111: specific tax holidays. It was not c
Page 112 and 113: This decision is based on personal
Page 114 and 115: oil". It is not difficult from the
Page 116 and 117: In the fiscal year 1991-92, Messers
Page 118 and 119: 21 Hussain Nawaz Sharif 3,285,6813
Page 120 and 121: The voiceless small investors have
Page 122 and 123: Chapter Four - Pakistan's Tax Web P
Page 126 and 127: political heavyweights or their hen
Page 128 and 129: Export Duties It is one of the most
Page 130 and 131: Capital Gain Tax As is evident from
Page 132 and 133: Law Authority will soon seek public
Page 134 and 135: Chapter 5 - Money and Politics Elec
Page 136 and 137: Some of the known units of Saifulla
Page 138 and 139: These charges were peanuts when vie
Page 140 and 141: In the references about Lakeview Ho
Page 142 and 143: Epilogue For several years, the peo
Page 144 and 145: One wonders how a government that c
Page 146 and 147: accustomed to buying his casual out
Page 148 and 149: 141
Page 150 and 151: chemicals, synthetic fibres, cookin
Page 152 and 153: Iqbal Saigol S. No Name Assets Turn
Page 154 and 155: In a communication to the author in
Page 156 and 157: Dewan Listed Companies S. NO Names
Page 158 and 159: conference in Islamabad, on March 2
Page 160 and 161: Listed Companies S. No Company Asse
Page 162 and 163: when the Rserve Bank of India faile
Page 164 and 165: 10. Noble Computer Services (pvt) L
Page 166 and 167: Syed Maratib Ali was a well known n
Page 168 and 169: Unlisted Companies 1. Clearance and
Page 170 and 171: Akbar Hashwani 1. Hashwani Construc
Page 172 and 173: Dawood Cotton Mills was set up in 1
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5. Margalla Textile 6. Rawal Textil
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Lakhani (Lakson) Lakhanis have grow
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6 Husein Sugar 358 560 7 Shadman Te
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Unlisted Companies 1. Ibrahim Agenc
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4 B F Modaraba 16 16 5 Bawany Air 5
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Financial Assets 5 Schon Bank 1,994
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Mian Mohammad Ismaeel Sheikh was a
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1 Mubarik Textiles 346 119 2 Fatima
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1 K S B Pumps 343 385 2 Adamjee Pap
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Independently his group has four co
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Bibliography 1. 50 years presentati
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63. The sick industary therapy, art
Page 198:
29. Hotelier in Pakistan looks for
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