30. 11. 20
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Says power agreements crippled industry, agriculture and masses, demands forensic audit of IPPs, entire power system
ISLAMABAD: President Pakistan Economy Watch (PEW) Dr. Murtaza Mughal has said that former governments inflicted irreversible harm to the power sector by signing highly controversial power purchase agreements with the private sector that crippled masses, industry and agriculture.
In a statement on Sunday, he said the deals not only resulted in unbelievable profits for the private power sector but also increased tariff by 25 to 30 percent as compared to regional countries badly hitting the economy.
Dr. Murtaza Mughal said the former governments violated PPRA rules, third party audit system and established power plants hundreds of miles away from the source resulting in phenomenal losses.
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24. 11. 20
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ISLAMABAD – The Pakistan Economy Watch (PEW) on Monday lauded to move of the Prime Minister Imran Khan to restructure state-run companies which are inflicting losses to the tune of trillions.
In case of success, the government will save hundreds of billions of rupees being spent to keep these institutions artificially alive, it said.
Pakistan cannot progress unless it strikes a balance between income and expenditures for which tackling failed companies is necessary, said Chairman Pakistan Economy Watch Brig. (retd) Aslam Khan.
He said that loss-making entities are getting more funds than being spent on defence of the country while all the money is going down the drain which cannot be justified.
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20. 11. 20
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Conspiracies by Modi administration cannot dent Pak-China ties
The Pakistan Economy Watch (PEW) on Friday said India is digging its grave by opposing the multi-billion dollar project CPEC which is a reality.
Conflicting this project amounts to committing suicide, therefore, India should become part of it or become unconcerned towards it, it said.
The conspiracies by Modi administration cannot dent Pak-China friendship and increased economic cooperation, said Dr. Murtaza Mughal, President PEW.
Damaging a sixty billion dollar project by allocating sixty million dollars for terrorist activities is a dream which will never come true, he added.
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15. 11. 20
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Replacing cotton crop with sugarcane be discouraged
Buying costly gas to hit the industrial sector
The Pakistan Economy Watch (PEW) on Saturday said the failure of the cotton crop will cost ten billion dollars to the country.
The cotton production stands at five million bales against the target of fifteen million bales which will require import of ten million bales, it said.
Cotton import is necessary to keep the textile sector running, therefore, all the taxes and duties should be waived, said Dr. Murtaza Mughal, President PEW.
He said that the government should resolve the issues confronting the cotton sector and discourage trend among farmers to switch to sugarcane crop.
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08. 11. 20
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The Pakistan Economy Watch (PEW) on Saturday said trillions have been transferred from the pockets of poor to the coffers of rich with the help of artificial food crisis.
The crisis is being prolonged intentionally so that the mafia can extract maximum from the struggling masses as the authorities seems fully satisfied by relying on issuing hollow statements, he said.
Inaction on the part of the federal and provincial governments have triggered fears and doubts among the large section of masses, while it is pleasing the profiteers, said Dr. Murtaza Mughal, President PEW.
He said that the decision to import wheat and sugar is not being implemented the way it should have been which is helping hoarders to fleece masses since last year.
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