Archive for August, 2011

Growing NPLs a challenge for authorities

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Financial system, private sector and agriculture under serious threat

The Pakistan Economy Watch (PEW) on Sunday said growing non-performing loans (NPLs) has become a threat for financial system which should be taken as a challenge by monetary authorities.

NPLs continue to grow since few years and now they have toughed unprecedented level of Rs 594.5 billion which should be a source of distress for the economic managers trying to bring economy back on track, it said.

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Dr. Murtaza Mughal President PEW speaks to “Quran and Peace” seminar organised by Daily Jang Lahore on 24th August 2011

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روزنامہ جنگ لاہور اور مجلس وحدتِ مسلمین کے زیر اہتمام منعقدہ جشن نزول قرآن کانفرنس کیلئے لکھی گئی ڈاکٹرمرتضیٰ مغل کی خصوصی تحریر

ظلم….قرآن اور اَمن

اسلام تو آیا ہی امن قائم کرنے کے لئے ہے۔ جو شخص‘گروہ ‘ ملک اور قوم ظلم کرے وہ ظالم ہے اور قرآن اورا سلام میں ظالم کے لئے انتہائی بلیغ اصطلاح ”باطل“ استعمال کی گئی ہے۔”جاءالحق وذحق الباطل“ کی نویدسناتے وقت قرآن نے مسلمانوں کو یہی درس دیا ہے کہ تم باطل کیخلاف دل ‘زبان اور ہاتھ سے جہاد کرو اور اللہ تعالیٰ کی نصرت تمہیں نصیب

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FBR seen as a big hurdle in raising funds: PEW

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Forcing honest taxpayers to become evaders’ part of agenda  

The Pakistan Economy Watch (PEW) on Sunday said Federal Board of Revenue (FBR) has become one of the biggest hurdles in increasing the tax net to raise funds.

The Apex tax collecting institutions have repeatedly failed the test of transparency which has resulted in public mistrust and disbelief on the part of international lending institutions.

Masses have developed a defence mechanism against the accesses of tax officials; they are ready to pay bribes but not willing to pay taxes, say Dr. Murtaza Mughal, President PEW.

He said that why someone should pay part of his hard earned money to FBR that would not be used for national development. Instead, it will be used for personal welfare or support the princely living of rulers.

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