Tag Archives: State Bank of Pakistan

Without playing down the danger to public health one must put it into context all the hazards threatening millions of lives in Pakistan. Among them are a failing economy and spreading poverty, probably food riots if and when food is not available or too expensive and complex with law and order problems. 

Pakistan's woes have been aggravated by a handful very powerful and influential families that have been dominating the political scene since this nation has come into being – common in all these families is being wealthy, having rural landowners' background or have some tribal connections.

A Central Bank is only as good as the authority its personnel exercises with competence, honesty and integrity. Facing threats, intimidation, coercion and even blackmail, etc, State Bank of Pakistan’s unsung heroes truly deserve a medal.

Some suave banking crooks in Pakistan facilitate terror financing, an integral part of organized crime.  The military’s frustration at the government’s rhetoric not matching deeds is evident from their last Corps Commanders Conference. Pakistan must target these white-collar criminals funding the vital nexus between organized crime and terrorism.

Taxation revenues will only improve if Pakistan uses its existing financial transaction mechanism laws properly, which will choke flow of funds for terrorist financing. The country has the laws, the need is to strengthen and implement them.