Karachi’s black economy generates Rs830 million daily

on Wednesday, September 4, 2013

Tuesday laid bare that Karachi’s black economy generates a staggering Rs830 million every day.According to the numbers crunched by Geo News, at least Rs10 million is paid in extortion on a daily basis, while kidnapping for ransom amounts to Rs50 million.

Every day the parking mafia, which operates over 500 lots in the city, hooks Rs2.4 million. There are over 55,000 hawkers operating stalls/kiosks in the city, who pay Rs8.25 million to blackmailers every day.

The water mafia sells approximately 272 million gallons of water illegally each day, which amounts to Rs100 million.

The city also houses 15,000 drug-selling and gambling dens, which make Rs15o million per day.

Karachi’s land-mafia illegally grabs over 30,000 acres of government land denting the national exchequer by Rs7 billion annually and Rs230 million daily.

The city’s transport mafia extorts Rs10.48 million from buses, rickshaws, and taxis. Illegal payments called “Dhakka Wasooli” received from trucks, container-trucks, and oil tankers earn the mafia an additional Rs7.5 million.

Electricity worth Rs10.5 million is stolen daily in the city and there are between 4,000 to 5,000 ‘kundas’ (illegal connections) in Karachi.

Criminals associated with the health industry deprive the poor patients of Rs3 million every day.

Vehicle theft in the city is also at an all-time high, with an average of 40-50 motorcycles and 20-25 cars are lifted daily. This translates into Rs20.5 million a day.

Street criminals loot around 125-150 mobile phones, cash, jewelry and other valuables worth Rs5.2 million daily.

Short-term kidnapping in which the abductees are held at gunpoint and driven around the city for several hours generates over Rs3 million. Approximately 10-15 such kidnappings are reported from city’s posh localities every day.

The police in Karachi also receive bribes worth Rs210 million on a daily basis, which go into the pockets of officers from top to bottom.

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