Archive for January, 2011

Improvement in working of PBM suggested

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Daily Mail
The News

Private concerns should be entrusted instead of Govt officials
Provision of second-rate, fake medicines same as killing humanity
The Pakistan Economy Watch (PEW) on Sunday suggested improvements in the provision of medicine to the needy through Pakistan Bait-ul-Mal (PBM).
Provision of medical assistance to underprivileged should not be left to the staff of government-owned hospitals; it should be done through well-reputed private parties and medical stores, it said.
Medicines should be stamped and their packing and labels should be marked before delivery to discourage resale and forgery, said Dr. Murtaza Mughal, President PEW.
Presently, he said, needy contacts PBM about their requirement through social welfare staff of the hospitals.

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President FPCCI expresses concern over excessive printing of currency

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Unsuspecting commoners being relieved of their lifetime savings
Dr. Mughal asks Supreme Court to take action

Senator, Haji Ghulam Ali President, Federation of Pakistan, Chambers of Commerce and Industry (FPCCI) on Thursday expressed concern over disproportionate printing of currency notes by the government to meet expanses.
He said that printing around two billion rupees would keep economy under dark clouds hurting society and businesses.
“There should be some limits to printing notes otherwise Pakistani currency will continue to lose value,” he demanded.
Talking to Dr. Murtaza Mughal, President of the Pakistan Economy Watch (PEW), Ghulam Ali said that Pakistan import everything including vegetable; therefore, imports would continue to become costly if devaluation is not arrested through proper measures.
He said that 1667 industries have been closed in country hurting millions while thousands of business are at the verge but the authorities prefer to remain unresponsive.
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Probe against DG FIA: Supreme Court bring hope, confidence to traumatized masses

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The Pakistan Economy Watch (PEW) on Tuesday said that Supreme Court has infused confidence and hope in the shaken masses by ordering a probe against Director General Federal Investigations Agency (FIA) Waseem Ahmed.
The development will help restore trust in the system among ordinary masses; majority believe judiciary can bring fundamental changes aimed at positive outcome, it said.
The influential DG FIA should be removed from the office making him incapable to influence investigations. This will also minimise chances of destruction of critical evidence, said Dr. Murtaza Mughal, President PEW. read more…

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PEW uncover scam worth billions in oil sector

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Gilgit-Baltistan becomes goldmine for influential oil mafia
Abuse of freight subsidy benefiting politicians, officials and OMCs

The Pakistan Economy Watch (PEW) on Sunday said an influential mafia has embezzled billions by misusing petroleum freight subsidy.
The inland shipment subsidy is offered to ensure uninterrupted supply and keep prices of the petroleum products stable in the remote areas but a gang is misusing it since a decade, it said.
Some influential politicians, oil marketing companies (OMCs), officials of petroleum ministry, Orga and carriage contractors are said to be involved, said Dr. Murtaza Mughal, President PEW. read more…

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معاشی قوانین میں نرمی۔اوباما کافیصلہ منافع خوروں کی جیت ہے

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دنیابھر میں عوام کے مصائب میں اضافہ ہو گا، غربت بڑھے گی
امریکا کی نام نہادفری مارکیٹ دنیا کو تباہی کی طرف دھکیل رہی ہے
امریکی صدرکوعوام کا دردہوتا تو وہ خوراک کی قیمتوں پر قابو پانے کے لئے وقت نکالتے

اسلام آباد  پاکستان اکانومی واچ کے صدر ڈاکٹر مرتضیٰ مغل نے کہا ہے امریکی صدر بارک اوباما کامعاشی ترقی کے نام پر قوانین میں مزید نرمی کا فیصلہ منافع خور لابی اوتیسری دنیا کے وسائل لوٹنے والے بینکاروںکی جیت ہے جس کی قیمت امریکہ سیمت تمام دنیا کی عوام ادا کرے گی۔ڈی ریگولیشن کا فیصلہ منافع کی خاطر ساری دنیا پر جنگیں مسلط کرنے والی کارپوریٹ لابی کے بڑھتے ہوئے read more…

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Pakistan slides from ‘Water happy’ to ‘Water deficit’ country– PEW

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The News
Daily Mail
Pakistan Times
Business Asia Weekly

Pakistan agriculture sector under threat and can lead to food insecurity
Water shortage will increase to 108 maf by 2013 and 151 maf by 2025 from the existing 40 maf shortfall

ISLAMABAD: Pakistan is rapidly marching towards a “water-deficit” country, as its availability has alarmingly dropped to about 1200 cubic meters now from 5650 cubic meters per person five decades ago, leading to the crises of energy, food supplies, high prices, climate change and troubled financial market.  read more…

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PEW expresses concern on PPP-led government excessive borrowing

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Pakistan Times

Government borrows Rs68 billion ($795 million) a month leads to higher inflation
Dilutes effects of State Bank’s tight monetary policy and discourages private investors
Calls for early passage of “SBP Act” from Senate to put restrictions on the government borrowing from SBP

ISLAMABAD: The Pakistan Economy Watch (PEW) Thursday expressed concern on the PPP-led federal government’s excessive budgetary borrowing, as on the average it taking Rs68 billion (or US$795 million) a month from the banking system to fill its income-expenditure gap while ignoring its ‘negative fallouts’ in shape of rising inflation that hitting hard the poor the most.
Only from the State Bank of Pakistan (SBP), the federal government is borrowing about 28 billion a month.

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Majority unlikely to enjoy New Year

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New Year to bring more sufferings to masses
The Pakistan Economy Watch (PEW) on Tuesday said majority of Pakistanis are unlikely to enjoy the New Year.
The political struggle is expected to eat up most of the attention of the coalition government with little time and funds left for welfare of the needy, it said.
Leaders will continue to undergo internal as well as external political pressures while common man will have to brave ever-increasing financial squeeze, said Dr. Murtaza Mughal, President PEW.

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PEW proposes alternate energy ministry

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The Pakistan Economy Watch (PEW) on Sunday proposed a ministry for development of alternate energy in Pakistan.
Alternative Energy Development Board (AEDB), staffed with around 100 people and a budget of mere 61.6 million leaves much to be desired, it said.
Inefficient state-run corporations are wasting up to 500 billion annually while billions are spent due to political consideration but development of alternate energy has remained a lowest priority, said Dr. Murtaza Mughal, President PEW. We have yet to have an Alternate Energy Policy, he added.

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