Archive for January, 2013

Funds, powers being misused to ensure victory in elections

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Masses robbed to win support of influential lobbies
The Pakistan Economy Watch (PEW) on Sunday said politicians are recklessly spending public funds, misusing powers and robbing massing to ensure victory in upcoming election despite their miserable performance over the years.
It is amazing that tax fraud is a punishable offence while wastage of public funds on controversial projects that benefit few isn’t, it said.
Politicians simply don’t give much thought to long-term consequences of their decisions preferring short-term electoral successes, said Dr. Murtaza Mughal, President PEW.
He said that many recent decisions were examples of abuse of position as these steps had nothing to do with welfare of masses but were aimed to support influential business lobbies in return of their support during the elections.

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No economic revival during 2013

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Country would have defaulted earlier without judicial interventions
Rulers to nail the coffin of country if voted to power again
The Pakistan Economy Watch (PEW) on Wednesday said concrete steps for economic revival seems a far cry during the current year.
Masses will experience three governments in the on-going year, the incumbent coalition will complete term which will be replaced by caretaker setup and after elections another political government will take charge, it said.
It would be unfortunate if the ruling party which claim to believe in continuity of democracy and reconciliation to justify wrongdoing forms government after elections as it will seal the fate of country, said Dr. Murtaza Mughal, President PEW.

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Karakurum University affairs need attention

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Proper higher education is the key to economic prosperity
The Pakistan Economy Watch (PEW) on Sunday said the management of the
Karakurum International University (KIU) is destroying the institution and future of the people of Gilgit-Baltistan.
Currently, the university established in 2002 has 2300 students, nearly 100 faculty members and over a hundred administrative staff in sixteen academic departments is rife with politics.
The university administration has remained very reactive to demand basic rights by the students and teachers like dignity, free speech and disapproval of objectionable decisions, said Dr. Murtaza Mughal, President PEW. read more…

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PEW praises CJ on issuing PM’s arrest orders

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ISLAMABAD – The Pakistan Economy Watch (PEW) on Wednesday lauded the Supreme Court for issuing arrest orders of Prime Minister Raja Pervaiz Ashraf and his aides for corruption in the infamous rental power scam.
PEW President Dr Murtaza Mughal said that “the Intervention of the Apex court was celebrated by masses across the country which amounts to no confidence on the incompetent government”. The unexpected order came amidst the ongoing long march in which the countrymen are protesting against mismanagement of the political parties. Mughal said that the “government has lost all right to rule due to massive corruption and engineered energy crisis to plunder the country’s wealth resulting in increased terrorism, heightened poverty, and a collapsing economy”. read more…

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Number of underfed people increasing in Pakistan

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School dropouts, early marriages increasing
The Pakistan Economy Watch (PEW) on Monday said that record number of people have become malnourished during the five long years of democratic rule in Pakistan.
The policies of the government have pushed up the cost of food to unprecedented levels leaving majority of the population food insecure, said Dr. Murtaza Mughal, President PEW.
He said that despite increase in the population the consumption of food is going down which is hurting the health of masses and bringing down productivity of the economy.
Dr. Murtaza Mughal said that around 50 per cent of the children in Pakistan and underweight while mothers are worst hit who are compromising on their health to feed their children. read more…

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Finance ministry hurting country’s credibility

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Govt borrowings disables engine of growth
Price statistics highly manipulated
Chairman of the Pakistan Citizen Forum Malik Amjad Hussain Alvi on Sunday said the Ministry of Finance in a bid to hide failures is presenting cooked figures which are resulting in international defamation of the country.
Presenting fudged figures since years have not served anyone’s purpose including the government’s own but it is yet to be realised by the economic managers, he said.
The unrealistic targets and doctored figures have resulted in crisis of credibility for the government and with the international lenders, he said while speaking at a forum organised by the Pakistan Economy Watch. read more…

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Country to enter Stone Age if ruling coalition wins upcoming election

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Asim’s decisions can ensure victory of opposition in elections
Largest oil retailer with Rs. 975 bl sale on verge of bankruptcy
The Pakistan Economy Watch (PEW) on Sunday said country will be pushed in the Stone Age if the incumbent ruling coalition wins upcoming elections.
There would be no energy to keep vehicles and economy moving in presence of advisers like Dr. Asim who has done his best to build a negative opinion about the government among masses and business community, said Dr. Murtaza Mughal, President PEW.
Opposition parties are visibly delighted on the outcome of the decisions taken by the adviser to the PM on petroleum which have enraged people to an extent never witnessed before which will benefit them, he added.

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Transparent amnesty scheme can help revive economy

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Dr. Asim held responsible for energy crisis, resignation sought
Liberalised trade with India to destroy local industry, agriculture
A transparent tax amnesty scheme will help authorities broaden tax-to GDP ratio and raise funds while it will give a new boost to our rusting economy, a business leader said Thursday.
FBR’s scheme can yield Rs100 billion which makes it key to overcome expected revenue shortfall and meet tax collection target, said Munawar Mughal, former president Islamabad Chamber of Commerce and Industry. read more…

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