Archive for November, 2017

Sugar mills mafia blackmailing Govt and farmers : PEW

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The Pakistan Economy Watch (PEW) has demanded stern action against sugar mills mafia which is blackmailing the Government, hurting consumers and crushing farmers.
Sugar mills have stopped the supply of the commodity in Karachi and some other places to force the government to increase the export subsidy to make extra money, it said.
The prices of sugar have artificially been hiked benefiting the mafia controlling the supply of the product in the country on the cost of masses, said Dr. Murtaza Mughal, President PEW.
He said that why politicians and other influential are allowed to set up sugar mills if the national production is already surplus and costly enough to be exported.

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Pakistan one of the top milk producer in the world: PEW

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Supporting dairy sector will help millions
The Pakistan Economy Watch (PEW) on Sunday said the dairy sector has great potential which can be exploited with the support of the government.
With milk production of 56 crore tonnes, Pakistan is the fifth largest producer of milk in the world while it is among top three producers in the Asia-Pacific region, it said.
Milk production can be increased from seven to eight times with little efforts which will boost exports and reduce its price providing relief to masses, said Dr. Murtaza Mughal, President PEW.
Production of milk per animal is seven to eight times lower than the developed nation which can be improved by using modern methods, he added.

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Energy shortfall still a threat to the economy: PEW

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The Pakistan Economy Watch (PEW) on Friday said energy situation has improved but its scarcity is still a threat to the economy.
The government is too much focused on new energy projects while it should also promote efficient use of electricity, it said.
Losses due to load-shedding is still eating up a sizable share of the GDP as average power shortfall remains 4000 megawatt while average gas shortfall is at 2000 cubic feet translating into losses of Rs 15 billion per annum, said Dr. Murtaza Mughal, President PEW.
Weaknesses in the transmission and distribution system have resulted in the losses of Rs 250 billion within last seven years as domestic demand continue to increase by 10 percent annually.

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PEC, LNG project achievements of the Govt: PEW

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The Pakistan Economy Watch (PEW) on Tuesday said the Economic Corridor and the LNG project are great achievements of the government which will transform the economy.
Chinese investment in Pakistan can surpass one trillion dollars if government and masses ensure smooth flow of things, it said.
LNG project has reduced the energy scarcity while the CPEC will help Pakistan increase its income and influence to reduce poverty, said Dr. Murtaza Mughal, President PEW.
He said that China should motivate its private sector to invest in industrial projects across Pakistan particularly in the underdeveloped areas but for this, our government will have to ensure peace and dependable energy supplies.
Both the projects will have a direct impact on the lives of the general public and national economy, he said, adding that Pakistan has become the centre of attraction for international investors because of the CPEC.

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