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Article

6 Nov 2007

Author:
Marketplace [USA]

Pakistan army is deep into business

While protests against Pakistan's state of emergency continue, the country's army remains in firm control of businesses worth an estimated $40 billion -- about 10% of the economy... The Rand Corporation's Seth Jones says... "...[C]orporate enterprises [controlled by the Pakistani military range...from private security firms and bakeries, farms, schools, to insurance companies, cement and cereal manufacturing plants... the specifics are very secretive... It's my understanding that the profits actually go to the Ministry of Defense and the individuals involved in it."