Archive for June, 2011

FFC Enery, AEDB makes history, sent positive signals

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Master Plan for rural electrification through renewable energy demanded
Energy crisis greatest bottleneck in supply of resources to economy

The Pakistan Economy Watch (PEW) on Sunday said that alternative forms of energy are becoming more cost-competitive with conventional fuels therefore government should accelerate the pace of its development.

Energy crisis is greatest bottleneck in the supply of resources to our economy; it is biggest problem than terrorism, said Dr. Murtaza Mughal, President PEW.

He said that some areas will have to brave 23-hour load shedding by 2020 if development of energy resources was not given proper attention.

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Govt policies repelling investment

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Massive private capital leaving country
Negative return on deposits a reason behind capital flight
The Pakistan Economy Watch (PEW) on Sunday said the policies of the government are repelling the investment and indirectly supporting flight of capital at a time when it is badly needed at home.
Capital flight proves that some investors are not only disturbed but have lost faith in the economic policies of the government, it said.
The disappearance of wealth can result in sharp drop in the exchange rate leaving authorities with no option but to choke productive sector to keep it reserves intact, said Dr. Murtaza Mughal, President PEW.

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Propaganda against armed forces, ISI amounts to treason

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The Pakistan Economy Watch (PEW) on Monday said that country is passing through a critical stage and propaganda against armed forces and ISI at this critical juncture amounts to treason.
We reject deadly propaganda against armed forces and ISI which is a conspiracy to brainwash common people to create a rift between masses and the national security institutions, said Dr. Murtaza Mughal, President PEW. read more…

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SC asked to probe petro shortages

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The Pakistan Economy Watch (PEW) on Sunday asked to Supreme Court to intervene in the issue of petroleum shortages across the country and bring culprits to justice.
It also sought the resignation of Minister for Petroleum Dr. Asim Hussain whose ‘revolutionary measures’ have backfired at a time he was abroad.
Oil and Gas Regulatory Authority should also share blame for its incompetence which has allowed oil mafia to play mayhem with the masses, said Dr. Murtaza Mughal, President PEW. read more…

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Women purposely kept backward: PEW

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Economic authority must for women to shine: FPCCI
Dr. Murtaza Mughal, President the Pakistan Economy Watch (PEW) on Wednesday said that women in Pakistan are intentionally kept backward for systemic subordination.
Budget has offered nothing to women entrepreneurs as no step has been taken to improve quality of life of women involved in micro or large businesses, he said.
Talking to Dr. Shehla Javed Akram, Vice President FPCCI, Fazal Elahi, VP FPCCI, Hameed Akhtar Chadda, Chairman FPCCI Capital Office and Malik Sohail Hussain, Chairman Media FPCCI and others, he said that ministries for women development have confused mandate which is not helping women entrepreneurs. read more…

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President Pakistan Economy Watch Dr. Murtaza Mughal Presenting Shield to Chairman Swaira Foundation Nusrat Mubashir on Sunday

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Budget not as per expectations: VP FPCCI

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Budget hardly offer any relief for poor, businesses
Govt again failed to raise taxes on the country’s elite
Budgets crafted for political survival: Dr. Mughal

Vice President Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Fazal Elahi on Saturday said budget is not as per the expectations of the business community but it offers some hope.
He welcomed the announcement of adding 2.3 million people to the tax net saying that if materialised, it will resolve many problems. It is not a difficult task as we have four million commercial electricity connections and millions of commercial gas connections in the country. read more…

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