Pakistan Economy Watch

PEW calls for enhanced awareness on software piracy

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The Pakistan Economy Watch (PEW) on Tuesday called for enhanced awareness regarding software piracy which has emerged as a threat to businesses worldwide disrupting their operations and threatening their reputation.
Governments, private sector and NGOs should turn their attention to raising awareness about rampant piracy which has become a national security threat for many countries, said Dr. Murtaza Mughal, President PEW.
A recent global study commissioned by Microsoft and conducted by International Data Corporation (IDC) has discovered that the chances of infection by unexpected malware are one in three for consumers and three in ten for businesses, he said.
The cost of dealing with the impact for enterprises is predicted to be $114 billion globally in 2013; in Asia Pacific the spending will reach $39 billion while it increases to $129 billion if the cost of data loss is added.

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US military aid suspension a blunder: PEW

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Military leadership’s refusal to conditional US aid lauded
India reveals her true nature by welcoming the American move
The Pakistan Economy Watch (PEW) on Tuesday lauded the decision of the military leadership to refuse to bow to American pressure and reject conditional US aid terming it a move in the supreme national interest.
Our armed forces are not dependent on American aid to combat terror; the refusal to toe American lines blindly has contributed to its popularity and made whole nation proud, it said. read more…

Calls for reviving public sector enterprises

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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…

Latest German cement plant inaugurated

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Fauji Cement hikes production capacity by 200 per cent
Absence of support to cripple cement sector: Murtaza Mughal
To meet the future challenges and demand, Fauji Cement Company Limited (FCCL) has installed country’s biggest single unit plant to enhance production capacity by almost 200 per cent.
FFCL, the No.1 company by capacity utilization of 90.67 per cent against an overall average of 71.65, use to produce 3885 Metric Tonnes (MT) of cement per day but now it is producing 11560 MT.
We have invested Rs 20 billion to purchase state-of-the-art plant from Polysius (ThyssenKrupp) Germany while all other items including electrical equipment, packing plant, vertical cement mills have been imported from Switzerland and other developed nations, said Brigadier Muhammad Sarwar, SI (M), TBt, (Retd). read more…

FFC Enery, AEDB makes history, sent positive signals

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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.

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