Mechanism to Discourage Corruption
NOVANEWS
By Sajjad Shaukat
Although rampant corruption in Pakistan has continued by damaging the social and institutional fabric of the country, yet it has again come into limelight, after the massive leak of secret documents from Panama-based law firm Mossack Fonseca, which were released on April 3, this year.
The level of tax avoidance and money laundering, disclosed in the Panama Papers Leaks run into
the several hundreds of billions of dollars, points out the details and names of hundreds of powerful and leading persons across the world. Some countries have announced investigation, while in some countries, the opposition parties and the people are conducting protests, after the revelations of corruption, money laundering, and financial secrecy in relation to their nations.
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