Business Ethics in Pakistan.

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                         Business Ethics in Pakistan

INTRODUCTION:

  1. Definition of ethics.
  2. How has Pakistan become the target of fraud.
  3. How to be on the safe side while setting up a business.

BODY:

  1. Fraud in Pakistani business.
  2. Case studies.
  3. Analysis.
  4. What is the Pakistan government doing about it?

CONCLUSION:

1)  How this corruption can be wiped out, making this country corruption-free

2) The concluding Para will include others’ perceptions. (A survey report will also be included)          

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                                                                      ( subject supervisor)

 

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I, BILAL KHALID, have completed this Extended Essay with help  

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What are ethics? Do they exist in our society today, or are they just claims of good

governance? Ethics is that fabric which even through burning

will not ruin its essence of  truth, but when that fabric turns out to

be a swindle and a fraud itself, it will not only ruin itself but also its name and popularity.

Thus, our nation, that was once known for its legitimacy and truthfulness, has been

exposed in front of the world as unethical and fraudulent, and we can only hold our

leaders responsible, for these corrupt people certainly have ruined the moral fabric of

our nation.  

What is fraud? `Fraud` is deception, criminal in nature, and a misrepresentation of facts

to gain an unfair advantage. It is about making claims and not fulfilling what is expected

based on one’s obligations. Unless and until we do not protest these false claims, our

nation’s people will carry on circumventing the laws to suit their nefarious purpose.

However, is fraud just about corporations, institutions and governments? Fraud is about us

individuals caught up in the rat race of keeping up with the Joneses, all the time trying to be superior, and trampling upon

each other in the process, because we deem it vital to our own financial well being and superiority in society.

 

Fraud and dishonesty have always been the supreme shortcuts in life. People have always been lured into this practice by which they circumvent the law, and now corruption has become habitual.

Fraud occurs mainly due to unemployment, poverty and the low economy of this country (Pakistan) An economy that has ultimately contributed

to an increase in the prices of every commodity including utilities such as water, electricity, gas and communication systems such as the telephone, travel (air and train ticket prices are soaring) turning the poor even poorer. This poverty has multiplied and has forced the people to devise dubious ways of making money, whether it is through fraud in business or through loot and plunder. This kind of community is now taking over and ruining the moral fabric of our society, which once was known for its legitimacy and truthfulness. Sadly, corruption has become the norm rather than the exception.

'Pakistani society is one that does not want to pay any taxes' (Newsweek)

This statement says a lot, rather it defines the lameness and ineffectual status of the government, which has a low hold on its civilians and seems to be unable to stem the corruption, which is burgeoning day by day.

Most people here think that the government itself is highly corrupt. 'A tax of fifty rupees will be presented in front of you as a tax of one hundred rupees'. These things here seem complicated. As a person has to go through loads of paperwork and investigations, in which these government agents try to manipulate businessmen either by persuasive arguments, outright requests for bribes or veiled threats. These investigations have become their source of income and they will continue

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these underhand ways of making money unless some serious steps are taken to remove the rot from the grass roots level right up to the top echelons of the bureaucracy.

People here are beginning to lose their grip over their businesses, as the scenario of fraud at every stage is getting worse. There are claims of growth in the economy and the gradual eradication of corruption, but according to the politicians here in Pakistan every single word they utter seems to be false and an attempt to deceive the public.

Businesses are collapsing, and almost one in every ten ...

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