27. 07. 20
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Documentation of this sector to improve economy
The Pakistan Economy Watch (PEW) on Saturday auded the decision of the Prime Minister Imran Khan to regulate the real estate sector by extablishing real estate regulatory authority which is a good step in the right direction.
The business community unconditionally supports the move which will safeguard rights of all the stakeholders, attract local and foreign investment and generate economic activity, it said.
The rules and regulations governing realestate sector as so weak that these are often used against the masses by real estate agents, builders and developers, said Dr. Murtaza Mughal, President PEW.
He said that masses need a break as most of the people who invest their lifetime savings for a home are looted by this mafia.
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18. 07. 20
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Economic development through construction wishful thinking: Dr Waqar Masood
Wheat crisis engulfing entire country due to mismanagement: Mian Zahid Hussain
Govt lack experts who can take timely, correct decisions: Dr. Murtaza Mughal
Economic experts and business leaders on Friday lauded the PM Imran Khan’s move to develop the construction sector but cautioned that focus on only one sector will not revive economic activities.
They said all the important sectors deserve attention but the government lacks economic experts who can take timely and correct decisions based on ground realities.
Speaking at a seminar organized by FPCCI Central Standing Committee on Insurance, former federal secretary finance Dr. Waqar Masood Khan, former provincial minister, and convenor FPCCI Mian Zahid Hussain, Convenor of the FPCCI committee Dr. Murtaza Mughal, Chartered Accountant Tariq Hussain and others said that the economy is without direction which is hitting almost every sector.
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13. 07. 20
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Trusting the private sector to unleash another crisis
Import of sugar should be allowed to frustrate mafia
The Pakistan Economy Watch (PEW) on Saturday asked the government not to depend on the private sector to balance shortage of staple and initiate wheat and sugar imports by itself without further delay.
The government has allowed import of ten million tonnes of wheat which is a good decision but the volume should be increased to fifteen million tonnes to calm the market and foil the unholy designs of the mafia, said Dr. Murtaza Mughal, President PEW.
He said that presently the price of wheat in the international market is affordable therefore imports should not be delayed.
Dr. Murtaza Mughal who is also Convener FPCCI Central Standing Committee on Insurance said that government should cancel permits and impose heavy fines on those businessmen who are delaying wheat imports as they are part of the mafia.
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07. 07. 20
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The government should realize the enormity of the challenges facing agriculture and make efforts to overcome them to ensure food security and avoid expensive spillover effects on the country’s social, economic and political system, speakers at a workshop said.
There has been no significant impact of Covid-19 on the agriculture sector which recorded a remarkable growth of 2.67 percent in 2019-20 compared to 0.58pc growth achieved last year except for cotton and sugarcane crop, said Dr Murtaza Mughal, President of the Pakistan Economy Watch (PEW) and Convener FPCCI Central Standing Committee on Insurance.
Speaking to the workshop organized by the Rural Development Foundation (RDF), has said that water scarcity, substandard seed and fertilizers and recent locust outbreak resulted in heavy losses to the main crop production areas in Balochistan, Punjab, and Sindh provinces.
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05. 07. 20
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Masses paying Rs45 tax on every liter of petrol
Devaluation, inflation tools to boost revenue
The Pakistan Economy Watch (PEW) on Saturday said the entire burden of pandemic and financial crisis has been shifted on the poor masses which has added to their problems.
Many countries have increased taxes on rich to tackle coronavirus-related losses but here masses are being made to pay, it said.
Masses are paying Rs45 tax on every liter of petrol which must be reduced immediately, said Dr. Murtaza Mughal, President PEW and Convener FPCCI Central Standing Committee on Insurance.
He said that devaluation and inflation are two tools to boost revenue but it remained counterproductive during the last two years despite forty percent erosion in the exchange rate and imposing new taxes of Rs1000 billion.
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01. 07. 20
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Govt has no justification to remain in power
Politicians, mafia two sides of the same coin
The Pakistan Economy Watch (PEW) on Tuesday said government has no justification to remain in power as it has failed to deliver and added to the miseries of masses.
Mafia cannot operate without the full patronage of the government and it cannot continue business for a single day without support of authorities, he said.
Dr. Murtaza Mughal, President PEW who is also Convener FPCCI Central Standing Committee on Insurance said that politicians and mafia have always remained close to each other but now masses are facing an unprecedented alliance between the two which has made their life very difficult.
While government and mafia seems to have teamed up against poor masses the attitude of opposition leaders has left much to be desired agitating many.
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