Despite its abundance of natural resources, Pakistan finds itself caught in problems. Rather than forging ahead on the path towards economic stability and self-reliance, the nation often seems beholden to international institutions, notably the International Monetary Fund (IMF). One of the primary culprits responsible for the country’s economic woes is a web of illicit activities that have long plagued its economic foundation. Under the caretaker government, and by support from the armed forces and various relevant agencies, an effort to root out these practices has begun.
Smuggling, hoarding, resource theft, and the plundering of national capital have emerged as the key words now days. Iranian oil smuggling has taken center stage, as a report to the prime minister unveiled the involvement of 29 politicians and 90 government officials. This illicit trade network spans 76 dealers operating in areas adjoining the Iranian border and funnels a 20 billion to 81 billion liters of oil into Pakistan annually, incurring losses exceeding 60 billion rupees each year. Such smuggling endeavors find their way into the coffers of terrorists.
The smuggling of foreign currency, including sugar and agricultural commodities, coupled with illicit dealings in US dollars, poses a significant threat to economic stability. Data reveal that 722 currency dealers are involved in these illicit activities. The Federal Investigation Agency conducted 256 raids and arrested 361 people engaged in illegal currency trading this year.
Caretaker Federal Interior Minister Sarfaraz Bugti says stern punishments await the guilty parties, who have played a role in causing the rupee’s depreciation and surging inflation. He has announced rewards for identifying illegal immigrants within the country.
Electricity theft has also emerged as another significant concern, burdening ordinary consumers. Authorities have already identified thousands of electricity meters involved in illegal activity and made over two hundred arrests while imposing substantial fines. The battle against gas theft has also been intensified, with numerous meters disconnected.
The nationwide campaign against smuggling and related crimes is a good initiative by the caretaker government. However, the success of this driver hinges on its earnest implementation. If it is pursued with unwavering dedication and integrity, it holds the promise of delivering positive results, bolstering Pakistan’s economic resilience.