Archive for March, 2016

Senator Zaki lauds PM’s Iran initiative

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New chapter of cooperation in Pak-Iran relations opened
Former state minister for foreign affairs Senator Akram Zaki on Sunday said Pakistan and Iran enjoy strong political relations but economic relations are not satisfactory.
He lauded the efforts of Prime Minister Nawaz Sharif to cement economic ties with Iran which will benefit both countries and entire region.
Senator Akram Zaki said this while talking to President of Pakistan Economy Watch Dr. Murtaza Mughal.
He said that the visit of Hassan Rouhani can result in early completion of Pak-Iran gas pipeline project which has been delayed due to sanctions.
The visit of Iranian President is a welcome development while a 60-member trade delegation that arrived with him reflects inclination of Iran to take economic ties with Pakistan to new heights, he said.

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In: Economy WatchAuthor: AAMIR JAVEDComments (0)

Perpetual dispute over KBD can make Pakistan a failed state: PEW

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The Pakistan Economy Watch (PEW) on Sunday said asked the government to forge consensus on Kalabagh dam (KBD) as unending disagreements on the project can make Pakistan a failed state.
Country is pocketing loss of around 300 billion per annum due to delay in construction of KBD which cannot be afforded for long, it said.
India has completed one hundred and seventy-one dams in disputed occupied Kashmir generating 28000 megawatt of cheap electricity while Pakistani politicians cannot agree on one dam, said Dr. Murtaza Mughal, President PEW.
He said that some elements opposing this project are dancing on the tune of India which is part of her policy to make Pakistan a desert through water aggression.

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In: Economy WatchAuthor: AAMIR JAVEDComments (0)

Strict action against non-filers demanded: PEW

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The Pakistan Economy Watch (PEW) on Sunday asked the government to stop extending deadlines for the tax amnesty scheme as it has failed to achieve the desired results due to opposition by trades.
It asked the government to take strict action against non-filers who are not ready to discharge national obligation by paying their share.
Falling exports and remittances are not sufficient to run the country therefore tax culture must be introduced otherwise government will have no option but to get loans to run the affairs, said Dr. Murtaza Mughal, President PEW.
He said that exports continue to fall; like all other sectors the services sector has also shown dismal performance through exports reduced by 5.96 percent in the first seven months of the current fiscal.

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In: Economy WatchAuthor: AAMIR JAVEDComments (0)