Archive for April, 2011

Demands of MFN status to India unjustified

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Special status to Pakistan remains counter productive
New Delhi never granted unconditional MFN status to Pakistan

The Pakistan Economy Watch (PEW) on Tuesday said demands to accord Most Favoured Nation (MFN) status to India are against the economic and national interests.
The local business circles demanding MFN status to India are not fully aware of the repercussions of such a move, it said.
Pakistani importers may save a billion dollars per year if India is declared MFN but it can damage local industry, increase infiltration, and trigger terrorism, said Dr. Murtaza Mughal, President PEW. read more…

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Importing India electricity not a solution for Pakistan power woes

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Indian offer to export power to Pakistan unrealistic
A financially, politically unfeasible move by an energy deficient country
Indian offers an attempt to make Pakistan a satellite state

The Pakistan Economy Watch (PEW) on Sunday said Indian offer to export electricity to Pakistan is not a viable option.
It is a diplomatic initiative by an energy deficient country to get free publicity at a time when Pakistan is facing a shortfall of 6000 megawatt, it said.
India, the sixth largest consumer of electricity, is fruitlessly trying to bridge the gap between demand and supply since decades to achieve high rates of growth on sustainable basis, said Dr. Murtaza Mughal, President Pakistan Economy Watch (PEW).
However, she is facing the around 20 per cent power deficit and 42 per cent transmission and distribution losses, one of the highest in the world, he said. read more…

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Soaring gold prices suggests investors losing confidence in dollar

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Further dependence on volatile dollar very risky
China better placed to provide int’l reserve currency

The Pakistan Economy Watch (PEW) on Thursday said unprecedented hike in gold and silver prices suggests that investors have lost some faith in weaker US dollar.
The development also hints at lack of confidence among investors in America’s political and economic system as well as capabilities of leaders. read more…

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Need for proper growth plan, sensible decisions underlined

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Forcing CEO of leading group to fly country sent wrong signals
The Pakistan Economy Watch (PEW) on Sunday said government seems too much busy in averting political and financial hardships leaving it with little room to formulate a comprehensive strategy for sustainable economic development.
Efforts to widen tax net to raise funds will only burden masses as political considerations is barring policymakers to touch favourite sectors enjoying unjustified exemptions. read more…

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PEW urges to use tourism for national development

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Pakistan should benefit from Chinese tourism spending
Tourist dollars to boost forex reserves, employment
The Pakistan Economy Watch (PEW) on Wednesday said government needs to turn tourism into a key driver for socio-?economic development and poverty reduction.
Pakistan needs and draw advantage from Chinese tourism industry, the world’s fourth largest that ranks third in total outbound travel spending, it said. read more…

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No chance of any nuke debacle in Pakistan: Expert

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Fukushima disaster should serve as a wake-up call
Nuclear expert Sultan Bashiruddin Mahmood on Thursday said there is zero probability of any nuclear disaster in Pakistan.
There are no chances of radiation in Japan reaching here to affect Pakistani people, he said.
Pakistan’s nuclear disaster management capabilities and nuclear safety record is one of the best in the world and location of country is safe, Bashiruddin Mahmood said while speaking at a seminar held under the aegis of Nazaria Pakistan Centre. read more…

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