ISLAMABAD: National Accountability Bureau (NAB) Chairman Qamar Zaman Chaudhry has called the corruption a major obstacle in the social and economic development of country.
While speaking to FPCCI President Abdul Rauf Alam during a meeting, Chairman NAB Qamar said that NAB is trying best to make Pakistan a corruption-free country so that masses and business community can reap the dividends of progress, said a press release issued on Wednesday.
He stressed that corruption results in lack of confidence and suspicions which hits local and foreign investment which is against the national interests.
Qamar said that the corruption triggered a chain reaction and leads to injustice, mistrust and suspicion, which it create a sense of insecurity among the foreign investors.
He said that good governance ensures getting maximum benefits for minimum cost in terms of efficiency, productivity and quality but all efforts are rendered meaningless if the malaise of corruption is not checked.
NAB had chalked out a comprehensive National Anti-Corruption Strategy for eradication of corruption and corrupt practices throughout the country, he added.
The FPCCI president apprised Chaudhry about some reservations and problems of the business community and said that reduction in corruption will increased local and foreign investment which improve confidence of the investors as well as masses.
He said that revenue potential is three time of the current collections which can be realised by improving confidence of the taxpayers in the system which will end dependence of country on foreign loans.
