Archive for November, 2010

India’s credibility at stake over cotton export deal

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Daily Mail
Pakistan Observer
Pak can reconsider buying BT cottonseed from New Delhi
The Pakistan Economy Watch (PEW) on Tuesday said that credibility of India outlook of Pakistan’s textile industry is at stake as former has refused to honour future sale agreements to provide cotton.
Indian exporters are offering different lame excuses for backing out; they simply want to disregard long-term commercial relationship to sell cotton on high price to other countries that has dented their reputation, is said.
Exports to Pakistan have been denied while those nations that compete Pakistan products in international market are being provided cotton which amounts to stabbing our textile industry in back, said Dr. Murtaza Mughal, President PEW.
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Sub Saharan nations allocating more resources to education than Pakistan

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Business Recorder

Universities producing army of job seekers, we are completely dependent on west
Least investment in education barring us to become competitive in world market

The Pakistan Economy Watch (PEW) on Sunday said some policies might prove counterproductive for the development of the country.
Political parties have put the national interest on the back burner and trying to gain from the efforts of the government to impose Reformed GST, it said.
Majority of the politicians that are against RGST are also against imposing any tax of wealthy agriculturists that is unfortunate, said Dr. Murtaza Mughal, President PEW.
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Reko Diq treasure guarantees a future

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Pakistan Observer
pkeconomists
Minerals enough to repay all foreign, local debt
The Pakistan Economy Watch (PEW) on Friday said Reko Diq mineral resources can guarantee a prosperous future for the people of Pakistan.
The gold and copper available there has a potential to transform our low value added agricultural economy to high value added knowledge economy, it said.
All the related developments and reservations of the stakeholders should be carefully addressed lest it fan new frictions, said Dr. Murtaza Mughal, President PEW.

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ڈاکٹر مرتضیٰ مُغل کی مشاہد حسین سید سے تعزیت

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Banks asked to help develop economy

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All Voices
Apni Eyes
GEO
Nation
The News
The Financial Daily
Pakistan Observer
Sachii Dosti

Record govt borrowings jamming growth
RGST in stages to destroy textile industry

The Pakistan Economy Watch (PEW) on Sunday said banks should play role in development of economy while government should limit borrowings to pave way for affordable private sector credit.
Pakistan was not formed for banks rather banks were established to help develop economy. Sole aim of SBP policies should be to help boost economy, it said.
Banks are acting in a way that is not helping economic development, said Dr. Murtaza Mughal, President PEW, adding that regulatory bodies should try to improve situation.
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Steps to rehabilitate flood-hit farmers insufficient

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Cartels, price hike to inflict loss of Rs 28bn to growers
The Pakistan Economy Watch (PEW) on Friday said steps taken to rehabilitate flood-hit farmers are insufficient at best.
According to an estimate 1.3 million hectares of cultivable land, two million livestock and six million poultry is dead while vast tracts of cultivable land is buried under rubble that needs heavy machinery to make it capable of being farmed again, it said.
Majority of farmers are unable to start farming without support while they will be provided a subsidy of 2.8 billion which is insufficient, said Dr. Murtaza Mughal, President PEW.
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RGST violation of HR, democratic norms and fair play

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Alternatives to controversial taxes suggested
The Pakistan Economy Watch (PEW) on Monday said Reformed General Sales Tax (RGST) is violation of basic human rights, principles of democracy and fair play.
Government can contain lavish expenditures, trim cabinet, recover written off loans, cut loses in inefficient state enterprises, curb rampant smuggling, boost remittances and abolish exemptions accorded to favourite sectors to raise funds.
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RGST, flood tax terrorism against masses

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PEW rejects fundraising through extortion
The Pakistan Economy Watch (PEW) on Friday said that Cabinet decision to impose reformed general sales tax, flood tax, and additional excise duty is terrorism against masses.
Government is sacrificing masses to please IMF and raise funds through extortion which is not acceptable, it said.
Those who are pushing new taxes are enjoying unjust exemptions and relaxations; these rich politicians have yet to pay any tax, said Dr. Murtaza Mughal, President PEW.
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Petro price hike a ‘deathblow’ to masses

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Slogan of Roti Kapra Aur Makaan has lost appeal
The Pakistan Economy Watch (Pew) on Wednesday said recent hike in the price of petroleum products is a deathblow to masses and economy.
The masses already reeling under rocketing inflation will be further burdened because of this unjustified increase.
The lame excuse given for price hike to counterbalance impact of the rise in oil prices in the international market is not convincing at all, said Dr. Murtaza Mughal, President PEW.
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President PEW, Dr. Murtaza Mughal speaks to thinkers at thinkers forum

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