Archive for April, 2014

Attack on anchor beginning of conspiracy against Army

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Enemies want powerless Army, ISI to transform Pakistan into a satellite state
The Pakistan Economy Watch (PEW) on Tuesday said attack on an anchor is the beginning of a devastating conspiracy to transform Army and Inter Services Intelligence (ISI) into ineffective institutions.
An international conspiracy has been hatched against institutions promising sovereignty of Pakistan to transform it into a fragile satellite state, said Dr. Murtaza Mughal, President PEW.
The situation may result in a constitution amendment to limit budget of Army, bring nuclear assets into international control and relieve the ISI of some if its important responsibilities which will be unfortunate, he said.

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Proposal to shut down Punjab CNG stations criticised

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CPP inflicts loss of over Rs 400 billion in six years: PEW
The Pakistan Economy Watch (PEW) on Monday criticised the proposal to shut down CNG filling stations in Punjab for two months to provide additional natural gas to power houses.
Terming the move as anti-masses, it said that captive power plants (CPPs) that have inflicted a loss of over Rs 400 billion on country in the last six years should be closed to reduce load shedding.
Discontinuing gas supply to unproductive CPPs and provision to gas to efficient power plants will boost power production by 500 MW reducing the intensity of energy crisis to benefit masses, industry, fertiliser sector and masses, said Dr. Murtaza Mughal, President PEW.

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FPCCI lauds services of PEW

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Vice President of the FPCCI Munawar Mughal has lauded the services of Pakistan Economy Watch (PEW) in the development of the country.
Praising the services of PEW, he asked Dr. Murtaza Mughal, President of the PEW to keep serving the country while educating masses.
Munawar Mughal said this while talking to Dr. Murtaza Mughal, SVP ICCI Khalid Chaudhry and Chairman Media FPCCI Malik Sohail were also present on the occasion.
The VP of FPCCI said that importance of independent opinion and unbiased comments over various issues cannot be undermined as it plays a vital role in the overall development.
Such bodies also keep an eye on the public office holders and bureaucracy which is known for decisions which are not happily acknowledged by masses.
He asked the economic experts to assist the government and the business community through workable proposals so that system could be improved which is imperative for economic development.

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FBR creating a gulf between traders and govt: pew

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ISLAMABAD : Pakistan Economy Watch (PEW) on Friday assailed double standards of tax authorities for penalizing business community of federal capital while sparing the traders of Rawalpindi and other cities.
After failing to achieve targets, FBR has started pursuing its tested policy of ignoring tax evaders while squeezing taxpayers and it has started harassing the business community of Islamabad.
PEW chief Dr Murtaza Mughal said that over a dozen popular outlets had been raided with the help of police to confiscate record and computers and cases registered against their owners for dodging tax.
Interestingly, no action has been taken against any trader in Rawalpindi, or any other city of country which reflects mal-intentions of the tax collectors, he noted.

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Powerful bureaucracy foils Govt’s CNG move

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The Pakistan Economy Watch (PEW) on Tuesday said bureaucracy has frustrated the plan of the federal government to provide relief to masses by providing CNG seven days a week.
The petroleum ministry tried to fulfil the pre-poll promise of the PML-N to end queues at the CNG filling stations by introducing a new schedule to provide CNG for seven days a week to the masses.
However, the decision hadn’t gone down well with the bureaucracy and the SNGPL reduced pressure of the natural gas being provided to the CNG station to an extent that the outlets could hardly operate, said Dr. Murtaza Mughal, President PEW.
The move has resulted in long queues at all the CNG outlets hindering traffic and wasting precious time of the motorists, he said.

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Prudent policies to further strengthen rupee, stabilise economy

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The Pakistan Economy Watch (PEW) on Sunday said government policies would further strengthen rupee and stabilise the economy while dollar will witness additional retreats.
The confidence of local and foreign investors has been steadily increasing which will result in around 13 billion of forex reserves by the yearend, it said.
Manufacturing, construction and remittances are picking up while the stock market is getting better reflecting sentiments of the investors, said Dr. Murtaza Mughal, President PEW.
He said that pace of economic development is linked to the pace of reduction in terrorism, energy scarcity and illiteracy.
Successful foray back into the international bond market after a gap of seven years and over subscription is proved that international investors have pinned high hopes in the future of Pakistan, he said.

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COAS statement boosts morale of Army

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Confrontation detrimental for stabilising economy
Justice must be seen to be done during Musharraf’s trial
Injustice may pave way for unexpected military intervention
The Pakistan Economy Watch (PEW) on Wednesday said timely statement of Chief of Army Staff General Raheel Sharif in the prevailing complex and challenging environment has boosted morale of Army.
Confrontation between important institutions is detrimental for country and economy which has been stabilising after decades, said Dr. Murtaza Mughal, President PEW.
In a statement issued here today, he said that former President Musharraf must be tried for violating the constitution but justice must not only be done, but must be seen to be done.
Dr. Murtaza Mughal said that injustice may pave way for the possible intervention by the army, which would hurt the development of democracy and civilian rule in Pkaistan.

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PEW awarded for outstanding services

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Governor of Punjab Chaudhry Muhammad Sarwar has awarded Pakistan Economy Watch (PEW) with best achievements award for its services in the field of economy and promoting Islamic Economic Model in Pakistan.
The award was received by Dr. Murtaza Mughal, President PEW in a ceremony held at Governor House Lahore.
Governor Punjab Chaudhry Muhammad Sarwar lauded the services of PEW and asked Dr. Murtaza Mughal to keep serving the country while educating masses.
He also asked the business community and economists to assist the government through concrete proposals on economic matters and taxation etc. so that system could be improved which is imperative for economic development.

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Pakistan can become world leader in meat processing

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ISLAMABAD: The Pakistan Economy Watch (PEW) on Friday said Pakistan’s meat processing sector offers good return therefore local and foreign investors should consider investment in it. Argentine, one of the largest meat exporters, is ready to upgrade Pakistan’s meat processing industry which has a great potential, it said.
Pakistan can figure prominently on the expanding global halal market with little effort in the right direction, said Dr. Murtaza Mughal, President PEW.
A high-powered delegation from Argentine is expected to reach Pakistan soon to study the meat processing sector, he informed.
Dr. Murtaza Mughal said that around 35 million people raise livestock that contributes over 50 per cent of agriculture value-addition and over 11 per cent to the GDP which is far below than the actual potential. Demand for meat has been increasing due to population growth, urbanisation and rising income but productivity has remained sluggish, he said.

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Clamour, concerns over Saudi gift termed baseless

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Conspiracy to divide army fizzled out
The Pakistan Economy Watch (PEW) on Wednesday said Saudi gift of $1.5 billion is an unconditional grant which has helped cash-strapped Pakistani government stabilise economy.
Pakistan and Saudi Arabia have warm ties since long but the gift ignited immediate concern among opposition politicians, local and foreign journalists, and some security experts which are baseless, said Dr. Murtaza Mughal, President PEW.
He said that Saudi gift has stabilised currency, reduced inflation, condensed debt burden and improved forex reserves but it perturbed many ill-informed circles.
Dr. Murtaza Mughal said that many opposition leaders were also influenced by the conspiracy theories and started attacking government while raising questions without bothering to find reason behind the Saudi move.

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India responsible for Pakistan’s food security problems: PEW

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Steps demanded to improve food security in country
The Pakistan Economy Watch (PEW) on Monday said India remains the biggest threat to Pakistan’s food security situation.
Almost sixty per cent of Pakistanis are facing food insecurity among which majority are women and children confronting hunger due to India’s water terrorism, it said.
Policymakers to chart out a wide-ranging food security plan to tackle widespread poverty, increase yield and foil Indian efforts to make Pakistan a desert by building controversial dams, said Dr. Murtaza Mughal, President PEW.
He said that some of the so-called nationalist politicians continue to oppose construction of mega dams to help New Delhi fulfil her unholy designs against Pakistan.
Dr. Murtaza Mughal said that the performance of agricultural sector is not satisfactory,

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