Archive for May, 2010

Budget could be last gift of democracy to nobility, IMF

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Traders not to sacrifice to improve living of rulers, bureaucrats
Bitter taste of democracy, masses missing ear of dictatorship

The Pakistan Economy Watch (PEW) on Tuesday said the next budget could prove to be last gift from democracy to the nobility and IMF.
The actions of champions of democracy have hit the confidence of masses in the system and many are now remembering the good old days of dictatorship.
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تعلیم کاروبار، اساتذہ دکاندار بن گئے

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ساری قوم کا مستقبل داﺅ پر لگ گیا، اصلاح کی جائے

پاکستان اکانومی واچ کے صدر ڈاکٹر مرتضیٰ مغل نے کہا ہے تعلیم ایک منافع بخش کاروبارجبکہ اکثراساتذہ دکاندار بن گئے ہیں ۔اکثر نجی تعلیمی ادارے منافع کی خاطر مینا بازار بن گئے ہیںجہاں تعلیمی سرگرمیوں سے زیادہ فیشن شو ہو رہے ہیںجبکہ ساری قوم کا مستقبل داﺅ پر لگا ہوا ہے۔انھوں نے کہا کہ اگر صورتحال کی اصلاح نہ کی گئی تو قوم کا مستقبل تاریک ہو جائے گا

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Proper legislation needed to push alternative energy

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Tax incentives, easy financing to promote renewable energy
The Pakistan Economy Watch (PEW) on Wednesday said proper legislation, tax incentives and easy financing is needed to promote use of alternative energy in Pakistan.
This will reduce our dependence on dwindling fossil fuels, reduce pollution and guarantee a prosperous future which would be without the year-round tribulations of electric and gas load shedding.
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Shahbaz’s Step Supported

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The Pakistan Economy Watch (PEW) on Tuesday lauded the step of Chief Minister Punjab Shahbaz Sharif who cancelled the registration of vacant plots in Sunder Industrial Estate.
This is a good step towards transparency and good governance as it will encourage genuine businessmen and discourage profiteers.
A proper policy should be framed for allotment of industrial plots to the genuine investors, said Dr. Murtaza Mughal, President PEW. read more…

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Thar coal priceless asset, key to future energy security

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The Pakistan Economy Watch (PEW) on Sunday said Pakistan has no future without a well developed renewable and alternative energy production system.
It will help resolve power crisis and reduce pollution and trigger economic growth which will benefit entire population.
Global warming, political issues and differences with neighbouring countries are minimising our chances to get benefits of hydropower.

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Wheat growers paying price of incompetency of authorities

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Struggle between central and provincial governments hurting interests of planters
The Pakistan Economy Watch (PEW) on Wednesday said innocent wheat growers are paying price of incompetency of authorities and political struggle between central and provincial governments.
The rights and interests of planters are being usurped by many while authorities have confined themselves to encouraging statements. read more…

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Improvements in credit rating system suggested

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More independence for CRAs demanded in national interest
The Pakistan Economy Watch (PEW) on Sunday suggested more independence for credit rating agencies (CRAs) to gauge the actual financial condition of businesses and safeguard the interests of stakeholders.
The purpose of the credit rating report is to ascertain the financial condition, health and future prospects of an entity. Only an independent evaluator can assess actual state of affairs and provide unbiased reports. read more…

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PEW demand some restrictions on offshore companies

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The Pakistan Economy Watch (PEW) on Friday said suspicious offshore companies should not be allowed to buy substantial shares in any important entity.
The concept of offshore companies, which are clueless entities and wherein the character of the sponsors are concealed behind the veil of a corporate entity, has become the brand name for money laundering and tax evasions. read more…

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