06. 04. 13
Inefficient plants wasted gas worth Rs 350 billion in five years
Supreme Court should unmask elements behind damaging move
The Pakistan Economy Watch (PEW) on Friday asked the government to review policy of providing natural gas to inefficient captive power plants that have wasted gas worth Rs 350 billion in last five years.
Gas companies continue to provide fuel to the primitive plants while avoiding stress on improving the efficiency which will reduce wastage currently estimated over 70 per cent, it said.
Captive power plants are getting gas in return of political favours which is causing an yearly loss of minimum Rs 70 billion, said Dr. Murtaza Mughal, President PEW.
In: Akhbar-e-Haq, Business Recorder, Business Times, Din, Dunya, Jehan Pakistan, Matro Watch, Nai Baat, News Mart, Pakistan, Pakistan Today, Sama, The Frontier Post, The Nation, The Patriot, Universal Recorder, Voice of PakistanAuthor: aamirjaved
21. 07. 11
Click here to View Printed Statements
Political reconciliation can boost economy: Ch. Shujaat
National Reconciliation Policy needed: Dr. Mughal
President PML-Q Ch. Shujaat Hussain on Wednesday said Pakistan is caught in a deepening economic crisis which can be resolved through political reconciliation.
Economy can prosper if all political forces find common ground to bring country out of current mess to ensure political and economic stability.
The veteran politician said that Pakistan has enough resources and human capital to become a major economic power but some politicians are working contrary to the national interests to gain mileage, he said. read more…
In: Al-Sharq, All Voices New York, Asas, Azkar, Business Recorder, Din, Islam, Jammu&Kashmir, Jinnah, Kashmir Times, Khabrain, Labbaik, News Mart, Pakistan Observer, Public Eye, Sada-e-Gilgit, States Time, The Financial Daily, The Frontier Post, The NewsAuthor: aamirjaved
18. 07. 11
Click here to View Printed Statements
Radical structural reforms needed to avoid foreknown disaster
Pakistan becoming politically, economically insignificant
The Pakistan Economy Watch (PEW) on Sunday said economy of the country is going down by the passage of every day which calls for urgent and decisive actions by the government.
Incompetent leadership and policies without logical or meaningful connection have left country astray while preserving credibility has become a big challenge for the government, it said. read more…
In: Aaj Kal, Al-Sharq, Anjam, Asas, Business Recorder, Capital Post, Din, FIR, Jasarat, Khabrain, Labbaik, Mussalman, Nawa-i-Waqt, News Mart, Pakistan, Pakistan Observer, Public Eye, Sarkar, The Finance, The Nation, The News, The PatriotAuthor: aamirjaved
10. 07. 11
Click here to View Printed Statements
The Pakistan Economy Watch (PEW) on Sunday said Government can change the fate of people of Pakistan but revitalising loss-making public sector enterprises.
All autonomous organisations are incurring heavy financial losses and facing serious financial crisis because of political interference, mismanagement, inefficiency, financial ill discipline and over-staffing, it said.
These state-run institutions have become a big burden on the national resources and privatization process is admission of the fact by the government that it cannot bring them to profit, said Dr. Murtaza Mughal, President PEW. read more…
In: Al-Sharq, Anjam, Asas, Azkar, Baad-e-Shimal, Business Recorder, Daily Mail, Daily Public Eye, Daily Talou, Din, Jasarat, K2, Khabrain, Labbaik, Mussalman, Nawa-i-Waqt, News Mart, Pakistan Observer, Statesman, The PatriotAuthor: aamirjaved
27. 06. 11
Click here to View Printed Statements
Master Plan for rural electrification through renewable energy demanded
Energy crisis greatest bottleneck in supply of resources to economy
The Pakistan Economy Watch (PEW) on Sunday said that alternative forms of energy are becoming more cost-competitive with conventional fuels therefore government should accelerate the pace of its development.
Energy crisis is greatest bottleneck in the supply of resources to our economy; it is biggest problem than terrorism, said Dr. Murtaza Mughal, President PEW.
He said that some areas will have to brave 23-hour load shedding by 2020 if development of energy resources was not given proper attention.
read more…
In: Al-Sharq, Azkar, Baad-e-Shimal, Business Recorder, Business Times, Capital Post, Daily Mail, Din, Herald Tribune, Islam, Jammu&Kashmir, Kashmir Times, Khabrain, Labbaik, News Mart, Pakistan, Pakistan Observer, Rehbar, Sada-e-Gilgit, Sarkar, The Frontier Post, The NationAuthor: aamirjaved
