Friday, 23 November 2012

Pak business leaders say media should help curb corruption

LJUBLJANA (Slovenia): A survey by Transparency International has found that many Pakistanis who lost business because of rampant corruption say the menace can only be fought through promoting investigative journalism and tough anti-bribery laws.

Transparency International carried out a survey of 3000 business executives of 13 sectors in 30 countries from all the continents, each with different levels of income and private sector development.

Among all the surveyed countries, Pakistani respondents took the lead with 73 percent voting in support of promoting investigative journalism to stamp out corruption from the society. The survey was conducted in 2011 and its result was announced recently.

It has found 42 percent Pakistani respondents saying they did not win the business contracts either due to their inability to bribe or their competitors outdid them in greasing the palms of the contract-awarding authorities.

Majority of those who believed so belong to the construction sector. Out of 30 countries’ business executives surveyed for this poll, five countries emerged most notorious for bribes-in-business deals and four of them are Muslim: Pakistan, Malaysia, Indonesia and Egypt. The only non-Muslim country bracketed in this top-five ranking is Mexico.

Answering the question relating to the reasons behind the persistence of corruption, Pakistani business executives outvoted the respondents from other countries as 56 percent of them said that the key factor behind pervasive corruption in Pakistan is the social acceptance of this menace at wide level.

Others who strongly shared this perception are from Egypt where 50 percent believed so, India (48 percent), Argentina (42 percent) and Nigeria (34 percent). Overall, 29 percent from all the surveyed countries agreed that corruption being accepted a social norm is the biggest barrier to weed out this menace from the private sector.

Some 28 percent blamed the non-prosecution of the corruption-related crimes a major reason behind failure to arrest this menace, 21 percent held responsible the unethical behaviours of the concerned officials, and 19 percent said it is rampant because the businesses do not take it seriously.

To another question, 92 percent Pakistani respondents said they would support their colleagues if they fought against corruption, 88 percent showed readiness to fight this menace personally and 73 percent said they would report the corruption incidents to the concerned authorities.

Regarding the internal measures to stamp out corruption, 79 percent Pakistani respondents supported collective business initiatives and auditing, 70 percent supported the formation of companies’ internal anti-corruption policies and 68 percent said that anti-corruption must be part of the companies’ social responsibilities agenda.

In order to stamp out corruption, 53 percent Pakistani respondents voted for global conventions on bribery and corruption, 59 percent for national anti-bribery laws, 73 percent for promoting investigative journalism, 74 percent for multi-stakeholders initiatives, 82 percent for due diligence by business partners, governments and banks and 73 percent demanded inclusion of corruption risks in investors evaluation models.

As for as the stress on investigative journalism is concerned for stamping out corruption from the private sectors, Pakistan respondents led with 73 percent votes, followed by Brazil (70 percent), Chile (64 percent), Poland (61 percent) and Hong Kong (60 percent).

The number of surveyed executives from each country ranged from 82 to 114. Some 100 Pakistanis chosen from varied sectors such as banking and finance (seven), real estate (nine), heavy manufacturing (three), light manufacturing (six), public works and construction (seven), information technology (seven), consumer services (seven), agriculture (seven), forestry (three), pharmaceutical industry (seven), oil and gas (three), utilities (one), power sector (five), telecommunications (seven) and transportation (seven).

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