Category Archives: Multinational Corporations

Trading Religion: Profits are mine, the Losses You Cover

By Ahmad Nadeem Gehla

Starting a new business is all about possibilities, optimism, hard work and risk of losses. However owning a business in any famous markets of Pakistan is considered as a guarantee for success because of high volume of ready customers. High returns on investment push high the property prices and rentals, only real wealthy can afford to do business in these markets. The powerful ‘traders unions’ of these wealthy business owners safeguard them from tax authorities and make them immune to laws and business regulations. A comprehensive package of insurance essential for businesses in any civilized society also remains absent as business owner are not willing to spare a small percentage of their profits for insurance costs.

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Filed under Economy, Justice, Multinational Corporations, Pakistan, Society, state