Archive for October, 2017

CPEC to energise dysfunctional department of railways: PEW

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Railway role systematically reduced to benefit private sector
The Pakistan Economy Watch (PEW) on Thursday said the role of the railway was systematically reduced to benefit some of the influential transporters which damaged the economy and inflicted losses on the masses.
Transporters are making good profits by ferrying passengers and trade goods but it has resulted in high cost of doing business which is against the national interests, it said.
The railway infrastructure is being improved to cater for the needs of CPEC which will reduce the cost of doing business, increase the competitiveness of businesses and cut annual oil import bill by almost 1.5 billion dollars, said Dr. Murtaza Mughal, President PEW.

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In: Economy WatchAuthor: AAMIR JAVEDComments (0)

Pace on work on CPEC should not be compromised: PEW

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Reservations of business community on CPEC proved baseless
The Pakistan Economy Watch (PEW) on Sunday asked the government to not allow anyone to slow the pace of development of the economic corridor.
It asked for an action against the elements trying to damage economic corridor for political gains amid uncertainty.
The economic corridor is a game changer project which must be completed according to the schedule frustrating local and foreign players that are against it, said Dr. Murtaza Mughal, President PEW.
He said that any issue hindering the development of this project will be a great loss, therefore, all steps should be taken to ensure timely completion of the CPEC.
Dr. Murtaza Mughal said that many powerhouses are bring completed under CPEC for which government has not taken any loans while NEPRA has not given them any special concession for tariff etc.

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Steps demanded to match rising demand for internet: PEW

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Country should not depend on few countries for internet
The Pakistan Economy Watch (PEW) on Tuesday said the demand for internet is more than its supply resulting in shortage while disruption in the service has become a permanent feature which is resulting in heavy losses.
Telecom companies, call centres and high-tech business are facing heavy losses due to frequent disruption while masses are also facing problems, it said.
The internet service providers should not rely on three sources as usual and try to get new companies involved so that people can get internet if one or two sources are disrupted for few days, said Dr. Murtaza Mughal, President PEW.
Increased demand for the internet is due to the interest of masses in the smartphones all of which are internet enabled, he said, adding that disruptions are very damaging for the businesses, he added.

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In: Economy WatchAuthor: AAMIR JAVEDComments (0)