Archive for December, 2014

Gas load shedding makes life difficult for masses

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LPG sector milking people with the help of regulator
The Pakistan Economy Watch (PEW) on Wednesday said gas crisis is result of preferring influential industrial sectors over the masses in biting winter.
The gas loadshedding which started with the advent of winter has now worsened making life of common man difficult across Punjab, it said,
Gas is not available in many cities where people leave homes for work without breakfast while parents find it difficult to feed their school going children in the morning, said Dr. Murtaza Mughal, President PEW.

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Increasing CVD have crippling effect on economy: PEW

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Twelve pople die in Pakistan due to heart attack every hour
The Pakistan Economy Watch (PEW) on Tuesday said heart diseases were one of the leading causes of death among adults and best way to prevent it is an active lifestyle.
Heart diseases are common, costly and deadly for people having diabetes, high blood pressure, high cholesterol, obesity, tension and smoking, said Dr. Murtaza Mughal, President PEW.
Talking to President Pakistan National Heart Association (PANAH), Gen. Masood ur Rehman Kiani (Retd) and former surgeon general Pakistan Gen. Karamat Niazi, he said that at least twelve people die every hour in Pakistan due to heart attack while 34 per cent of all deaths in Pakistan are caused by cardiovascular diseases (CVDs).

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Quick implementation on capital punishment decision demanded

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Those who suspended hangings should be held accountable
Madrassas should be barred from painting Taliban as heroes
National security more important than EU trade relaxations
The Pakistan Economy Watch (PEW) of Friday demanded immediate justice to the culprits of Peshawar carnage.
The death penalty should be implemented as soon as possible as it would deter potential recruits from engaging in militancy while it will terrify many terrorists while delay will be counter productive, it said.
Those who imposed a ban of hangings in 2008 should also be held accountable as they helped embolden terrorists, said Dr. Murtaza Mughal, President PEW.
He said that ‘good Taliban, bad Taliban’ policy should be abandoned ad it will result in selective justice compromising government hostile approach to all militants.

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Tobacco related deaths can be reduced through enhanced taxation

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The Pakistan Economy Watch (PEW) on Tuesday said tobacco related deaths can be reduced through enhanced taxation on the cigeratte industry.
Tobacco in any form is extremely harmful, it kills around 500 people daily in Pakistan damaging households and economy, said Dr. Murtaza Mughal, President PEW.
Speaking at a function afer bring nominated as General Secretary of the Pakistan National Heart Association (PANAH), he said that over 25 million Pakistani are smokers harming themselves, co-workers and family members.
Dr. Murtaza Mughal said that a WHO reports says that by 2030, mortality from smoking-related disease is expected to rise to 10 million with over 70 per cent of these deaths will be in developing countries.

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PEW warns of water crisis

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The Pakistan Economy Watch (PEW) on Friday said country is being deliberately pushed towards the most serious water crisis of its history.
Water scarcity has become a serious issue which is being ignored by all the stakeholders despite knowing that it is the biggest threat to our agriculture and industry, it said.
Dr. Murtaza Mughal said that insufficiency of water has started hurting all the sectors including power generation.
Some politicians funded by enemy countries continue to oppose construction of dams to bankrupt the country, he added.
He said that Government should do something about it before it take economy and country as hostage paving way unfortunate consequences.

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FPCCI cannot improve sans sweeping change: PEW

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The Pakistan Economy Watch (PEW) on Thursday bitterly criticised nepotism and corruption in the FPCCI which has disappointed all the stakeholders including business community.
The Apex Chamber has been stagnant since decades therefore a change has become imperative in it, said Dr. Murtaza Mughal, President PEW.
Talking to a delegation of business community, he said that FPCCI has become a studio where photo sessions have become the most important feature.
The leaders of the FPCCI are frequently accused of nepotism, corruption and exploitation of the business community which has dented its reputation, he added.

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National debate on KBD demanded

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The Pakistan Economy Watch (PEW) on Sunday said the Kalabagh dam (KBD) is one of the most unfortunate mega project in the history of Pakistan.
It has suffered setbacks owing to political interference, especially by the politicians of two provinces who continue to oppose it without knowing the benefits and ground realities.
There is a strong lobby which does not want to see this dam being constructed, the same lobby continue to delay Thar coal project, said Dr. Murtaza Mughal, President PEW.
Reputed engineers and technocrats continue to recommend since decades that the survival of the country lies in the construction of Kalabagh dam but governments have not moved in that direction, he said while talking to Raja Jahangir Akhtar, who is on hunger strike for the construction of dams.

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Petrol price can be reduced by Rs 16 per litre

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Oil importing nations to get benefit worth 1.4 trillion
The Pakistan Economy Watch (PEW) on Friday said prices of all petroleum products can be reduced while keeping government’s margin intact.
The price of petrol can be reduced by Rs 16 which will give benefit to masses and industry to reduce inflation drastically, said Dr. Murtaza Mughal, President PEW.
He said that if country buy a barrel for dollar 67 and add $ 2freight premium, 9 per cent handling, bank, LC charges, marine Insurance, 3.8 percent wharfage charges, 3.5 percent oil companies margin and 10 per cent refining cost, the prices will be Rs 56.53.

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OPEC plans New Oil Order: PEW

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Nawaz move to cut oil price lauded
Opec-US price war to benefit billions of masses across globe
The Pakistan Economy Watch (PEW) on Sunday lauded another major oil price cut by the Prime Minister Nawaz Sharif which will positively impact masses and the economy.
The price of oil has fallen for nine straight weeks to $66 per barrel in the international market which merits reduction in prices of essential items and electricity at home, it said.
The burden of surge in the oil price is immediately transferred to the masses by the government while business community quickly calculate the difference to hike prices of their products but process of reduction in the prices is very slow in case of oil fall, said Dr. Murtaza Mughal, President PEW.

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