Corruption costs developing countries $1.26tr each year: NAB
Top Story June 5, 2021 ISLAMABAD: National Accountability Bureau (NAB) Chairman Justice (R) Javed Iqbal said corruption is estimated to cost the world at least $2.6 trillion annually, approximately 5 percent of the global GDP. It is estimated that $1.26 trillion are lost by the developing countries to corruption, bribery, theft and tax evasion each year. This is approximately nine times official development assistance funding. He said Pakistan’s commitment to eradicate corruption remains clear and firm as it has established a comprehensive legal and institutional framework for combating co...
Source: thenews.com.pk