Archive for May, 2011

Reintroduction of Wealth Tax demanded

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ePakistan
Online International News Network
One Pakistan
Silo Breaker

The Pakistan Economy Watch (PEW) on Friday said that reintroduction of across the board Wealth Tax on affluent class of society can help government generate enormous funds.
Alternatively, government can consider levying Wealth Tax on exempted income like agriculture, capital gains, asset gains, and remittances, it said.
This will help shrink black economy, contain artificial hikes in property market, safeguard small investors, and help government it meet budgetary targets, said Dr. Murtaza Mughal, President, PEW. read more…

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New, improved tax model suggested

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Daily Times
Online International News Network
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Budget proposals have no significant impact
Tax burden on the poor is gradually increasing
The Pakistan Economy Watch (PEW) on Wednesday suggested an improved tax model that can generate adequate resources for the government without hampering economic growth and provide economic justice.
The new model can help transfer resources to public use in an efficient manner ensuring social justice for weaker sections of the society, it said. read more…

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PM’s visit: PEW lauds Chinese positive stance

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All Voices

PM’s visit: PEW lauds Chinese positive stance
Beijing’s attitude to help Pakistan in the long run
Leaders use funds raised by taxes or aid with little scrutiny
The Pakistan Economy Watch (PEW) on Sunday said Prime Minister Yousaf Raza Gilani’s visit to steadfast partner China has made it clear that Beijing wants us to do more to become self-reliant.
Chinese reluctance to provide cash support has not only brought limits of Beijing’s cooperation to the limelight but also given message that they are eager to help Pakistan to stand on its own two feet, it said. read more…

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New IMF chief should be from developing world

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The Nation
Hamari Web
Pukhtoonistan Gazette
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The Pakistan Economy Watch (PEW) on Friday said new managing director of International Monetary Fund (IMF) should be from the developing world.
This most important international institution has been facing credibility issues due selection of politicians to run the show, it said.
The new MD should not be a politician as there are many widely respected technocrats and governors of the central banks who would serve without political considerations, said Dr. Murtaza Mughal, President, PEW. read more…

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غربت کے خاتمہ کی کوششیںاپنوں کو نوازنے اور ووٹ حاصل کرنے تک محدود

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 دیہی اشرافیہ کے سرمائے اور کاشتکاروں کے مصائب میں اضافہ ہو رہا ہے
حقیقی اصلاحات کے بغیر زرعی ملک کے عوام اناج کو ترستے رہیں گے

اسلام آباد پاکستان اکانومی واچ کے صدر ڈاکٹر مرتضیٰ مغل نے کہا ہے پاکستان میںپچھتر فیصد افراد غذائی قلت کا شکار ہیں جبکہ اٹھانوے فیصد سے زیادہ غذائی تشویش میںمبتلاہیں۔ملک کی بھاری اکثریت غذائی طور پر خود کو انتہائی غیر محفوظ سمجھ رہی ہے اور مستقبل کے اندیشوں نے انکی نیندیں اڑا کر رکھ دی ہیں۔اس صورتحال کا انفرادی اور اجتمائی ترقی پر منفی اثر پڑ رہا ہے جو ملک کے مستقبل کے لئے تشویشناک ہے۔مرکزی اور صوبائی حکومتوں کی غربت کے خاتمہ کی تمام کوششیںاپنوں کو نوازنے ، ووٹ اور سستی شہرت حاصل کرنے تک محدود ہیں جس سے غربت میں کمی کے بجائے اس میں اضافہ ہو رہا ہے۔ read more…

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Auto industry pains calls for promoting local skills, alternative supply chains

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 Industries should set up vocational institutes to prepare highly skilled workers
The Pakistan Economy Watch (PEW) on Sunday said that natural disasters in Japan have proved fateful for Pakistan’s auto industry that continue to rely heavily on imported components.
Unable to tackle shortage of parts and keep production, Pakistan’s carmakers are facing serious problems and heavy losses, it said.
Car manufacturers should plan transfer of technology, revisit import strategies and engage multiple suppliers located in different countries to avoid such situation in future, said Dr. Murtaza Mughal, President PEW. read more…

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PBC should also represent medium and small businesses

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India Times
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The Pakistan Economy Watch (PEW) on Sunday said Pakistan Business Council (PBC) should have representation of medium and small businesses to allay fears of the business community.
PBC comprises of super rich business tycoons enjoying influence in political circles that have raised concerns among the already distressed business community, it said. read more…

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Business Community Doubs PBC Intentions

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The Real Facts
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Markthe Truth

The Pakistan Economy Watch (PEW) on Saturday said business community is sceptical about the real motives of newly formed Pakistan Business Council (PBC).
They feel that there is a distance between cited objectives of the PBC elite and their real intentions, it said.
It is generally believed that PBC comprise of many that belong to famous 22 richest families of Pakistan, said Dr. Murtaza Mughal, President PEW. read more…

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