even African countries appear to be lagging far behind us.
In reality there is an abundance of people’s money lying with the corrupt. On December 13, 2012 the then chief of NAB Admiral (r) Fasih Bokhari revised his estimate of daily corruption in Islamic Republic of Pakistan as Rs13 billion a day and Rs5 trillion a year.
From 2008 to 2013 loans amounting to a horrifying Rs8.136 trillion were obtained by the then government. Resultantly Pakistan’s debt rose from around Rs. 6 trillion to over Rs. 14 trillion. During the same period nearly half (48.6 percent) of the country’s population suffered food insecurity as was confirmed in a report titled ‘The state of food security in Pakistan’ sponsored by the Swiss Agency for Development and Cooperation and released on June 2, 2010.
Federal Finance Minister Ishaq Dar vowed in the National Assembly on August 23, 2013 to ascertain how those trillions were spent. He also revealed on May 9 last year that $200 billion of Pakistan were stashed in Swiss banks. We never heard him enlighten us on the subject ever after.
This, however, does not mean that those lost trillions ceased to exist. Just like the underestimated Rs230 billion of black money generated annually in Karachi those trillions apparently have been stashed and invested in safe havens at home and abroad.
It has been far too long now that the corrupt have remained sacredly free. Countries are not run like this. All the looted trillions belong to the people and country of Pakistan and must be recovered and spent on them.
Instead of forever crying and begging for international loans it’s time for the state to recover looted national wealth and spend it on different sectors of socio-economic development. The state should empower the FIA more to not only nab the corrupt but also to recover from them the looted national wealth to help educate the children of Pakistan besides spending on other socio-civic-environmental development and protection.
There should be an Education Motivation Programme to motivate children and their parents for continuation of education after the primary school level. Students in the most socio-economically backward of areas should be selected. The proposed programme should have a fund to provide one thousand rupees per month throughout the year to selected students via especially issued ATM programme cards.
Furthermore, one more thousand rupees every month should be deposited in students’ accounts throughout the year. The students should be authorided to draw the accumulated total of those other monthly deposits of one thousand rupees from their accounts only at the beginning of the new education year meaning they would get a total of Rs12,000 at the start of the new education year besides getting 1,000 rupees every month throughout the year. The students should only be able to draw the amount upon providing their enrolment into the next class.
Providing money for the programme should be the responsibility of the FIA which would have to create and maintain a reservoir of financial resources for the programme’s fund by recovering the looted billions and trillions of this country. Initially one million children could be targeted which would require a monthly flow of Rs2 billion, annually Rs24 billion besides the money needed for administrative costs.
The programme should be run under an independent federal authority with an overseeing panel of credible and honourable retired judges, journalists and prominent social personalities. The money for not just one million but for all the students of government schools could easily be arranged every month keeping in view the limitless scale of the loot.
There’s no dearth of money with the likes of those who embezzle funds kept for development and governance, squat land belonging to the state and its people, take away water meant for the people, steal jewellery given for the destitute, drive away with the ambulances donated for the ill and dead and eat up money allocated for orphans’ food.
The only thing been missing is a genuine resolve to recover the looted trillions of this ‘poor’ nation.
Email: moazzamhai@yahoo.com
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