oh, no offence intended but let's not talk about the Military-Industrial Complex, DHAs..... why should they allow an equal opportunity to all and a level-playing field to all and sundry in Pakistan when they have an over 10 billion pounds Empire that rewards the chosen ones disproportionately?
Book shines light on Pakistan military's '10bn empire'
Business interests range from cement to cornflakes
Little transparency into officer-led conglomerates
http://www.guardian.co.uk/world/2007/may/31/books.pakistan
The Pakistani military's private business empire could be worth as much as 10bn, according to a ground-breaking study. Retired and serving officers run secretive industrial conglomerates, manufacture everything from cement to cornflakes, and own 12m acres [4.8m hectares] of public land, says Dr Ayesha Siddiqa, author of
Military Inc: Inside Pakistan's Military Economy.
The book tackles a previously taboo subject - the range and depth of the military's business interests - considered a major factor in the ambitions of the generals who have ruled Pakistan for more than half of its 60-year history. "It feeds directly into the military's political power; it's an expression of their personal and organisation strength," said Ms Siddiqa, a former director of research at the Pakistan navy.
Five giant conglomerates, known as "welfare foundations", run thousands of businesses, ranging from street corner petrol pumps to sprawling industrial plants. The main street of any Pakistani town bears testament to their economic power, with military-owned bakeries, banks, insurance companies and universities, usually fronted by civilian employees. Ms Siddiqa estimates that the military controls one-third of all heavy manufacturing and up to 7% of private assets.
Profits are supposed to be pumped back into schools, hospitals and other welfare facilities - the military claims it has 9 million beneficiaries - but there is little transparency. "There is little evidence that pensioners are benefiting from these welfare facilities," she said.
Of the 96 businesses run by the four largest foundations, only nine file public accounts. The generals spurn demands by parliament to account for public monies they spend.
