Archive for April, 2016

Action against pharma mafia demanded for artificial shortage of drugs: PEW

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Those playing with the lives of masses for money should face strict action
The Pakistan Economy Watch (PEW) on Monday demanded forceful action against pharma mafia for creating artificial shortage of drugs to enhance profit.
Those playing with the lives of masses for the sake of money should be dealt according to the law, it said.
Avoiding any action against profiteers amounts to enmity with the masses which cannot be tolerated, said Dr. Murtaza Mughal, President PEW.
He said that around fifty drugs are not available in the market which include many essential and lifesaving drugs but authorities have decided to ignore the issue.
The drugs not available in the market for patients include that of TB, cough, respiratory disease, lung problems and mental issues which has created a big problem, he said.

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In: Economy WatchAuthor: AAMIR JAVEDComments (0)

Pakistan cannot survive as a trading state: PEW

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Economic model of Dubai will not work in Pakistan
The Pakistan Economy Watch (PEW) on Sunday said country is being transformed into a trading state which is against the national interests as it cannot survive by following the economic model of Dubai.
Pakistan must follow economic models of China, Korea or Taiwan to become a stable state, it said.
Industrial sector should not be discouraged but promoted as many industrialists have started preferring trading which is not heavily dependent on political situation, energy scasrcity and uncertain taxation, said Dr. Murtaza Mughal, President PEW.

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In: Economy WatchAuthor: AAMIR JAVEDComments (0)

Democracy in economic decision making process demanded

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Unilateral decisions hurting exports, economy
The Pakistan Economy Watch (PEW) on Sunday demanded democracy in the process of decision making regarding critical economic issues.
All the economic decisions are being taken by one person without regarding the opinions of others which is unnatural as a single mind cannot properly cover all the economic sectors, it said.
Decisions regarding economic matters should be taken after through consultations with all the stakeholders so that the same can be implemented swiftly without fear of failure, said Dr. Murtaza Mughal, President PEW.
He said that government has find refuge in obtaining loans from banks as exports and remittances continue to fall.
This practice is not sustainable as it is easy to get loans but very difficult to repay it, he added.

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Smuggling from Afghanistan, Iran threatening industrial expansion: PEW

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Under invoicing and misdeclaration going out of control
The Pakistan Economy Watch (PEW) on Sunday said increased smuggling from Afghanistan and Iran has emerged as serious threat to industrial expansion in Pakistan.
Smuggling has been damaging various industrial sectors resulting in loss of revenue and unemployment which must be tackled on preference, it said.
Tensions among Pakistan, Afghanistan and Iran should not be allowed to hurt trade and plans to explore central Asia and import energy, said Dr. Murtaza Mughal, President PEW.
He said that Pakistan and Afghanistan are big trade partners despite difference over issues relating to refugees, smuggling of drugs, arms and other things, supporting militants and way to handle terrorism.
Similarly, Pak-Iran trade has a great potential which has been overshadowed by the issue of Indian spy that should be tackled properly lest it damage bilateral ties.

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In: Economy WatchAuthor: AAMIR JAVEDComments (0)