09. 04. 13
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While lamenting the poor situation, Pakistan Economy Watch (PEW) has urged the caretaker government to take measures for overcoming energy crisis which has adversely affected country’s economic growth. In a statement issued here on Monday President Pakistan Economy Watch Dr Murtaza Mughal said the electricity load-shedding has increased once again across the country as shortfall has reached 4000 megawatt.
He said electricity load-shedding has created a shocking situation in the country which is being badly affected the country’s nascent economy. People of urban as well as rural areas are bound to suffer at the hands of Water and Power Development Authority (Wapda) which has pushed the country into abyss of degradation.
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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
03. 04. 13
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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In: Asas, Azkar, Business Times, Daily Mail, Din, Jinnah, Nawa-i-Waqt, Pakistan, Pakistan Observer, Sama, Sarkar, The Patriot, Voice of PakistanAuthor: aamirjaved
21. 03. 13
The Pakistan Economy Watch (PEW) on Tuesday criticised race among politicians for additional perks and privileges terming it exploitation of masses and plunder of the national resources.
While common people are burdened by rising costs, our elected representatives as well as unelected advisers who were enjoying unlimited perks, privileges and concessions at the cost of the public exchequer have grabbed even more, said Dr. Murtaza Mughal, President PEW.
The government has miserably failed to deliver and those who do not pay taxes and get loans waived off have no right to burden exchequer for their non-stop ambition, he said.
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18. 07. 11
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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
13. 07. 11
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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…
In: Anjam, Asas, Baad-e-Shimal, Business Times, Daily Mail, Ittehad, Kainat, Kashmir Times, Mussalman, Pakistan, Pakistan Observer, Public Eye, Sada-e-Gilgit, Sarkar, Statesman, The Financial Daily, The Patriot, Voice of PakistanAuthor: aamirjaved
10. 07. 11
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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…
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
02. 07. 11
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Rulers continue to punish masses for their mismanagement, corruption
The Pakistan Economy Watch (PEW) on Friday said government has hit masses hard with CNG bomb on the eve of new financial year.
Government is to punish the masses for their inefficiency, mismanagement and corruption by hike in the domestic and commercial gas tariff soon, it said.
The decision to keep CNG filling stations closed for two days in Sindh and for three days in Punjab is a politically motivated move aimed at settling score with opposition and gaining cheap popularity which will hurt harmony between provinces, said Dr. Murtaza Mughal, President PEW.
He said that government continue to inflict punishment on masses for choosing democracy. Poor will continue to pay the price for blunders by the rulers and mismanagement of natural resources, he added.
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In: Al-Sharq, Azkar, Business Recorder, Business Times, Daily Talou, Din, K2, Kainat, Khabrain, Madaar, Pakistan, Pakistan Observer, Statesman, The Financial Daily, The PatriotAuthor: aamirjaved
21. 06. 11
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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.
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In: Al-Sharq, Asas, Capital Post, Daily Public Eye, Din, Islamabad Dateline, Khabrain, Pakistan, Rehbar, Statesman, The PatriotAuthor: aamirjaved
14. 06. 11
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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…
In: Al-Akhbar, Al-Sharq, Ausaf, Azkar, Business Recorder, Business Times, Capital Post, Din, Herald Tribune, Islam, Islamabad Times, Kainat, Pakistan, Pakistan Defence, Pakistan Observer, Rehbar, The Financial Daily, The Nation, The News, The PatriotAuthor: aamirjaved
