Pakistan is the 117 least corrupt nation out of 175 countries, according to the 2018 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Pakistan averaged 109.04 from 1995 until 2018, reaching an all time high of 144 in 2005 and a record low of 39 in 1995. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be.
A country or territory’s rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for – Pakistan Corruption Rank plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
In this background, the government is making all out efforts to eradicate corruption from every section of life with full zeal and might by taking serious steps in this regard. Corruption in every form is damaging for the country but the most damaging is its presence in legislature and officials. Corruption in the nobility adds to poverty make country dependent on IMF and other institutions for survival.
The government is taking steps against political elite involved in corrupt practices but it has not taken significant steps to discourage corruption in different departments. Discretionary powers are also linked to bribery which must be reduced to help masses and encourage local and foreign investment and the strike by traders is part of the protest against discretionary powers.
Using fear as a tool to discourage corruption and non-compliance will not pay dividends therefore more should be done including allaying reservations of the trading community. Anyone who wants to establish a factory, build a plaza or home, import or exports something is confronted with hundreds of requirements by different departments, government officials and host of taxes which are sometimes enough to dishearten investors.
This is a reason behind Pakistan’s dismal performance on ease of doing business index where it ranks 156th. The culture of unnecessary NOCs, permits, approvals and certificates etc. which benefits officials more than the government should be changed to reduce the cost of doing business. The automation is the most economical way to save time and money of masses, encourage business community, reduce corruption and promote an economy which is in tatters.