Archive for March, 2013

Race among politicians for perks, privileges criticised

The Pakistan Economy Watch (PEW) on Tuesday criticised race among politicians for additional perks and privileges terming it exploitation of masses and plunder of the national resources.
While common people are burdened by rising costs, our elected representatives as well as unelected advisers who were enjoying unlimited perks, privileges and concessions at the cost of the public exchequer have grabbed even more, said Dr. Murtaza Mughal, President PEW.
The government has miserably failed to deliver and those who do not pay taxes and get loans waived off have no right to burden exchequer for their non-stop ambition, he said.

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Appointment of non-European leader of Catholic Church appreciated

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Int’l lenders, Pakistan should learn lesson from Vatican
The Pakistan Economy Watch (PEW) on Friday lauded Vatican for electing a non-European Pope that indicates a major and welcoming shift in thinking of the Catholic Church.
By electing Pope Francis from Argentina, a South American country of around 40 million population, the Vatican has introduced a very positive and healthy trend which has added to its prestige, said Dr. Murtaza Mughal, President PEW.
He said that the development indicates that merit was preferred over nationality which will add to credibility and effectiveness of Vatican.

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Pak stance on IP plan termed ‘balanced’ for regional ties

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ISLAMABAD: The Pakistan Economy Watch (PEW) on Wednesday said inauguration of Pakistani portion of Iran gas pipeline, economically and strategically crucial for the future of our country, is the greatest achievement of the incumbent Government.
This historic decision, taken after a long delay, will help attract investment, provide jobs, and revive sliding economy while it has renewed hopes among dejected masses and business community reeling under severe energy crisis, it said.
The decision shows that Pakistan has decided to put its own interests ahead of the interests of all other nations and it is unwilling to sacrifice economy for the sake of the sole super power which has helped government gain global admiration, said Dr. Murtaza Mughal, President PEW. read more…

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PSEs pushing country to bankruptcy

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Politics in PSEs behind poor rate of economic growth
Govt asked not to ignore mounting losses of worst run PSEs

The Pakistan Economy Watch (PEW) on Sunday said mounting losses in the politically managed Public Sector Enterprises (PSEs) are pushing country towards bankruptcy.
Living on hefty bailout packages, not a single PSE has contributed anything but sheer disappointments over the decades, it said.
These companies being run by the non-professional and politically motivated managers have become hub of favouritism and corruption with little hope for revival, said Dr. Murtaza Mughal, President PEW.
Governments use PSEs as a job creation tool to seek political mileage that in turn add to the losses in form of massive loans to pay salaries to an army of incompetent employees, he added.

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Disorder in charity endangers future of students: PEW

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ISLAMABAD: The Pakistan Economy Watch (PEW) on Wednesday said chaos in a well-known charity has put future of hundreds of students at stake.
Mismanagement and malpractices in Wah-based NGO has raised concerns among parents of around fifteen hundred students getting education in the schools run by the trust, it said.
The health projects initiated by the trust are also being ignored owing to struggle in the charity, parents of the students told Abdullah Tariq, SVP, Pakistan Economy Watch.

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SROs great source of discrimination

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SRO culture biggest hurdle in improved tax collection
Disallowing FBR to issue SROs to boost economy
The Pakistan Economy Watch (PEW) on Friday said SRO culture has remained one of the biggest hurdles in ensuring national development by widening the tax net.
SROs are the foremost source of corruption, discrimination, budget subversion and national disgrace, it said.
FBR has become a factory producing SROs (Statutory Regulatory Orders) to favour influential which undermines capability of the government to spend on welfare and development, said Dr. Murtaza Mughal, President PEW.

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