Archive for January, 2017

Steps demanded to reduce wastage of food: PEW

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Food loss wasting billion of investment annually
The Pakistan Economy Watch (PEW) on Sunday demanded steps to reduce wastage of food as tens of millions of people including children and mothers continue to face food security issues in Pakistan.
Proper storage and food waste management system in the country can help increase income of farmers and feed the starving people, it said.
Tonnes of food is wasted in all the countries of the world including Pakistan which if saved can eradicate hunger from all the globe, said Dr. Murtaza Mughal, President PEW.

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In: Economy WatchAuthor: AAMIR JAVEDComments (0)

Discouraging imports can reduce ballooning trade deficit: PEW

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Export target will be missed again sans meaningful reforms
The Pakistan Economy Watch (PEW) on Tuesday asked the government to discourage all imports except machinery for CPEC and industrial sector as half yearly trade deficit has jumped to 14.5 billion dollars.
Trade deficit has reached to an alarming level of 17.6 percent in the six months threatening annual target of 20.5 billion dollars, it said.
The deficit for whole year may hit the mark of 25 billion dollars due to falling exports and increased imports, said Dr. Murtaza Mughal, President PEW.

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Textiles are going away from Pakistan: PEW

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Govt asked to help struggling textile industry
The Pakistan Economy Watch (PEW) on Sunday said future of textile industry seems bleak therefore government should take urgent steps to save it from collapse.
Textile is very important sector of the economy, it is the largest forex earning sector which is providing jobs to million in urban areas while millions of planters are also linked to it, it said.
Top government functionaries have repeatedly promised provision of energy on reduced cost, payment of refunds and resolution of problems but to no avail, said Dr. Murtaza Mughal, President PEW.
He said that seventy percent of large textile units are located in Punjab and thirty percent of these units are closed due to scarcity of energy hitting exports and jobs which should be noticed.

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Pakistan has matchless wind, solar power potential: PEW

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Timely completion of gas-based power projects demanded
Petroleum Minister Abbasi termed a national asset

The Pakistan Economy Watch (PEW) on Sunday said we have matchless potential to produce electricity with the help of solar and wind but it is not getting due attention.
Pakistan can not only produce electricity sufficient for national needs but also export power saving oil import bill and earning foreign exchange.
The world has entered in the golden era of gas therefore the share of gas in the energy mix should be enhances, said Dr. Murtaza Mughal, President PEW.
He said that government should take steps to keep at least twenty percent difference in the prices of petrol and CNG while all the projects to generate electricity from gas should be completed on a fast track.

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In: Economy WatchAuthor: AAMIR JAVEDComments (0)