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Black Money and Power

Pakistan’s economic position is not in the absolute doldrums because the buoyancy of the parallel black economy is keeping it artificially afloat. Operating independently of the country’s banking system, free from the encumbrances of any taxation, it is a tremendous market force and for some Third World countries a cornerstone for economic survival. Without the liquidity of black money fuelling consumer sales there would be a much bleaker economic picture. It is a bitter medicine without which the body economic would shudder to a halt but is a steep price to pay because it degenerates the morality of our society, weakening the fabric that binds it together.

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