Corruption distorts market mechanisms, leading to inefficiencies and misallocation of resources. This undermines productivity and discourages both domestic and foreign investment. The erosion of public trust in institutions weakens governance and deepens income inequality, benefiting only those with connections.
To address these issues, stronger anti-corruption measures, enhanced transparency, and improved accountability are essential. Effective reforms can foster a more stable economic environment, supporting sustainable growth.
Saeed Islahi
Karachi