'Pakistan racing to become No.1 corrupt country'

Islamabad, Oct 24 (ANI): Corruption in Pakistan has attained new heights in 2010, as the country, under the administration of Zardari-Gilani duo, is said to have surpassed several other badly corrupt nations ranked above it in 2009.

A serious charge sheet of corruption against Pakistan is all set to be released by the Transparency International on October 26, The News reported.

Sources in the World Bank (WB) and Asian Development Bank (ADB), which contribute to the preparation of the Transparency International report, revealed that corruption in Pakistan had massively increased during the last 12 months.

"You will soon be hearing really bad news about Pakistan," warned a source, disclosing that as against the last year when the nation had slipped five ranks from the 47th most corrupt country in 2008 to 42nd, the 2010 scenario was much worse.

They said Pakistan's downslide amongst the most corrupt nations was deeply depressing. "It seems the country (Pakistan) is fast racing to become number one on the list of the most corrupt nations," a source opined.

According to sources, while Pakistan stood at 29th position among 75 countries in the WB International Development Association (IDA) Ranking Resources Allocation Index in 2009, it has slipped by five countries this year and reached 24th out of 77 countries.

The ADB Composite Country Performance Rating (CCPR) had 12.79 score for Pakistan last year but this also came down to 12.20 in 2010, they added.

In an American survey released on October 14, 2010, Pakistan had been declared the worst country on the criteria of corruption and access to civil justice.

Pakistan Steel Mills, EOBI, PIA, Rental Power Plants, KESC, NIC, NHA, OGDC, PSO, Pepco, CDA, DP Division, DHAs, Pakistan Steel Mills, TCP, NBP and many other organisations are said to be facing serious corruption. (ANI)