Capital Post | Pakistan Economy Watch

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18. 07. 11

Urgent, decisive action needed for economic revival: Dr. Mughal

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: aamirjavedComments (0)

03. 07. 11

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…

In: Business Times, Capital Post, Daily Mail, Daily Talou, Nawa-i-Waqt, Pakistan Observer, Sarkar, Statesman, The Financial Daily, The Frontier PostAuthor: aamirjavedComments (0)

27. 06. 11

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.

Govt policies repelling investment

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Massive private capital leaving country
Negative return on deposits a reason behind capital flight
The Pakistan Economy Watch (PEW) on Sunday said the policies of the government are repelling the investment and indirectly supporting flight of capital at a time when it is badly needed at home.
Capital flight proves that some investors are not only disturbed but have lost faith in the economic policies of the government, it said.
The disappearance of wealth can result in sharp drop in the exchange rate leaving authorities with no option but to choke productive sector to keep it reserves intact, said Dr. Murtaza Mughal, President PEW.

Propaganda against armed forces, ISI amounts to treason

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The Pakistan Economy Watch (PEW) on Monday said that country is passing through a critical stage and propaganda against armed forces and ISI at this critical juncture amounts to treason.
We reject deadly propaganda against armed forces and ISI which is a conspiracy to brainwash common people to create a rift between masses and the national security institutions, said Dr. Murtaza Mughal, President PEW. read more…