Who Owns Pakistan - Yimg
Who Owns Pakistan - Yimg
Who Owns Pakistan - Yimg
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Some of the known units of Saifullah's are Kohat Textile Mills, Frontier Textile<br />
Mills,Saif Textile Mills, Bannu Flour Mills, Nasa Construction, Saif Beverages,<br />
Saif International Combine, K K A Co (pvt) Ltd, Sarhad Pre-stressed Concrete,<br />
ASTRA Ltd, <strong>Pakistan</strong> Mobile Corp and K A K Investment (pvt) Ltd.<br />
The biggest proliferation of politicians has taken place in the setting up of sugar<br />
mills. During first Benazir govt, Zardari was accused of setting up sugar mills<br />
through front men and when Nawaz Sharif was in power, he was accused of<br />
using political muscles to get loans and business for Ittefaq Foudary<br />
manufacturing sugar plants.<br />
Apart from Ittefaq, chaudries, Zardari and Hamayun Akhtar Abdul Rehman,<br />
several other politicians like Jam Mashooq Ali (Thar Sugar Mills), Manzoor Watto<br />
(Sutlej Sugar Mills), Naseerullah Dareshak (Indus Sugar Mills), Pir Pagara (Kingri<br />
Sugar Mills) and Islam uddin Sheikh have secured loans for sugar projects and<br />
almost all of them were in default.<br />
Politics and Corruption<br />
Governments have been trying to fight corruption in <strong>Pakistan</strong> since the 1960s<br />
when a special committee for eradication of corruption from services headed by<br />
S Fida Hassan was formed. It observed in its report that corruption was on the<br />
rise because of the following reasons.<br />
" The causes of corruption are said to be a general decline in the moral values.<br />
Official procedures are so outmoded and cumbersome that at every stage, it is<br />
possible for a corrupt functionary to impede the progress of a case". It noted and<br />
added that " corruption was one of the main corroding factors which ultimately<br />
brought about the decline and fall of the Roman Empire and many centuries later<br />
that of Ottoman Empire", because it affets the economy and efficiency of the<br />
body politics of the country.<br />
Two decades later, American Management magazine CEO defined corruption in<br />
<strong>Pakistan</strong> as " the extent to which getting ahead economically depends on having<br />
and greasing the right hands in the govt, and conversely, the extent to which<br />
officials use their office to make money; also the vulnerability of the average<br />
citizen to extortion by police and bureaucrats".<br />
Corruption was a factor common in the dismissal orders of the thee governments<br />
since 1990.<br />
On August 5, 1990, when Benazir govt was dismissed , President Ghulam Ishaq<br />
Khan issued a 23-page indictment and alleged that " corruption and nepotism in<br />
the federal governement, its functionaries, authorities and agencies, statutory<br />
and other corporations including banks working under its supervision and<br />
controls and holders of public representatives had reached such proportions that<br />
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