Archive for July, 2011

Agriculture insurance can address problem of food insecurity

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Production, profit, livestock yields of farmers should be protected

A sound insurance system can strengthen the agriculture sector of country and address the menace of food insecurity in Pakistan, an expert said.

Government as well as private sector should take steps to provide protection to life, health and assets of rural people, said Mian Akram Shahid.

Farmers could be saved from impact of disease, viruses, drought, flood, insects, natural disasters, weather, rains and other risks, he said while speaking at a forum organised by the Pakistan Economy Watch.

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Dr. Murtaza Mughal meets Shujaat: Political harmony to spur economy: pew

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Political reconciliation can boost economy: Ch. Shujaat
National Reconciliation Policy needed: Dr. Mughal

President PML-Q Ch. Shujaat Hussain on Wednesday said Pakistan is caught in a deepening economic crisis which can be resolved through political reconciliation.
Economy can prosper if all political forces find common ground to bring country out of current mess to ensure political and economic stability.
The veteran politician said that Pakistan has enough resources and human capital to become a major economic power but some politicians are working contrary to the national interests to gain mileage, he said. read more…

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Urgent, decisive action needed for economic revival: Dr. Mughal

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Radical structural reforms needed to avoid foreknown disaster
Pakistan becoming politically, economically insignificant

The Pakistan Economy Watch (PEW) on Sunday said economy of the country is going down by the passage of every day which calls for urgent and decisive actions by the government.
Incompetent leadership and policies without logical or meaningful connection have left country astray while preserving credibility has become a big challenge for the government, it said. read more…

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US military aid suspension a blunder: PEW

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Military leadership’s refusal to conditional US aid lauded
India reveals her true nature by welcoming the American move

The Pakistan Economy Watch (PEW) on Tuesday lauded the decision of the military leadership to refuse to bow to American pressure and reject conditional US aid terming it a move in the supreme national interest.
Our armed forces are not dependent on American aid to combat terror; the refusal to toe American lines blindly has contributed to its popularity and made whole nation proud, it said. read more…

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Calls for reviving public sector enterprises

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The Pakistan Economy Watch (PEW) on Sunday said Government can change the fate of people of Pakistan but revitalising loss-making public sector enterprises.
All autonomous organisations are incurring heavy financial losses and facing serious financial crisis because of political interference, mismanagement, inefficiency, financial ill discipline and over-staffing, it said.
These state-run institutions have become a big burden on the national resources and privatization process is admission of the fact by the government that it cannot bring them to profit, said Dr. Murtaza Mughal, President PEW. read more…

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Power network should be handed over to private sector

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The Pakistan Economy Watch (PEW) on Sunday said power generation and distribution network should be handed over to private sector.
Government has failed to address acute energy problem which has made lives of common people and business community miserable and put brakes on the growth, it said.
Rulers prefer to bury their heads in sand by ordering ad hoc measures; bureaucracy seems to be more interested in barring investment in energy sector while concerned ministries are too much focused on rental power which has proved useless, said Dr. Murtaza Mughal, President PEW.
Power ministers of the current regime have been promising since years to overcome load shedding; these claims were never taken seriously owing to government’s lack of commitment, he said. read more…

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Latest German cement plant inaugurated

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Fauji Cement hikes production capacity by 200 per cent
Absence of support to cripple cement sector: Murtaza Mughal

To meet the future challenges and demand, Fauji Cement Company Limited (FCCL) has installed country’s biggest single unit plant to enhance production capacity by almost 200 per cent.
FFCL, the No.1 company by capacity utilization of 90.67 per cent against an overall average of 71.65, use to produce 3885 Metric Tonnes (MT) of cement per day but now it is producing 11560 MT.
We have invested Rs 20 billion to purchase state-of-the-art plant from Polysius (ThyssenKrupp) Germany while all other items including electrical equipment, packing plant, vertical cement mills have been imported from Switzerland and other developed nations, said Brigadier Muhammad Sarwar, SI (M), TBt, (Retd). read more…

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Govt hit masses with CNG bomb on new fiscal

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Rulers continue to punish masses for their mismanagement, corruption
The Pakistan Economy Watch (PEW) on Friday said government has hit masses hard with CNG bomb on the eve of new financial year.
Government is to punish the masses for their inefficiency, mismanagement and corruption by hike in the domestic and commercial gas tariff soon, it said.
The decision to keep CNG filling stations closed for two days in Sindh and for three days in Punjab is a politically motivated move aimed at settling score with opposition and gaining cheap popularity which will hurt harmony between provinces, said Dr. Murtaza Mughal, President PEW.
He said that government continue to inflict punishment on masses for choosing democracy. Poor will continue to pay the price for blunders by the rulers and mismanagement of natural resources, he added.

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