14. 06. 13
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Taxation measures to trigger inflation, corruption
The Pakistan Economy Watch (PEW) on Thursday criticised new taxation measures introduced in the budget as it will open floodgates of inflation and corruption.
Revised sales tax (ST) rate from 16 per cent to 17 per cent will add to the miseries of dejected masses therefore this decision merits revision, said Dr Murtaza Mughal, President of the PEW.
Contrary to the claims of the new government, budget offered no relief for general pubic who will see hike in prices of all commodities within days, he added.
Dr Murtaza Mughal said that upward revision in the ST rate indicate that government is in no mood to uproot corruption or widen tax base to augment income but to burden masses.
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12. 06. 13
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SECP’s move to update rules and regulations for NGOs lauded
Humanitarian support tied to transparency, accountability in non-profits
The Pakistan Economy Watch (PEW) on Tuesday proposed establishing a powerful NGOs Regulatory Authority to monitor and streamline the activities, funding and expenses by non-profits.
At present no one is fully aware of what is happening in the development sector paving way to suspicions at home and abroad.
Lack of proper reporting and scrutiny procedure by governmental has been raising concerns about overlapping of activities, wastage of efforts, misuse of resources, and improper aid distribution, said Dr Murtaza Mughal, President PEW.
The government should rationalize the process of registration of NGOs as it has no record of the exact number of civic groups while different NGOs are getting registered at different federal and provincial departments, he said.
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11. 06. 13
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PEW points towards politicians involved in massive gas theft
Govt should unveil name of culprits, inform masses about action
Masses deserve to see difference between incumbent, former rulers
The Pakistan Economy Watch (PEW) on Monday said that leaders of the PML-N have started disappointing masses through their statements.
Masses have voted PML-N to power to lessen their difficulties and not to take note of their fictional statements which are adding to disappointment, it said.
Dejected and highly demoralised masses deserve to see difference between incumbent and former corrupt rulers, said Dr Murtaza Mughal, President PEW.
Some recent statements regarding load shedding and energy crisis indicate that the federal ministers are speaking language of the powerful lobbies that might have financed their election campaigns, he said.
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09. 06. 13
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‘N’ infusing confidence in masses, business community: Farida Rashid
Energy crisis wiped out 10pc GDP in five years, become national security issue
President Islamabad Women’s Chamber of Commerce and Industry (IWCCI) Farida Rashid on Friday said PML-N is putting its words into action to boost the morale of business community and masses which is imperative for an economic turnaround.
Business community is largely upbeat as the steps and policy statements by PML-N leaders are highly encouraging, she said while speaking at a seminar regarding energy crisis and other challenges.
President Pakistan Economy Watch Dr Murtaza Mughal, President ICCI Zafar Bakhtawri, former presidents ICCI Zahid Maqbool and Basit Dawood, Kokab Iqbal advocate and others were also present on the occasion.
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06. 06. 13
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Chairman of the Skill Development Council (SDC) Mian Akram Farid has been plundering the institution since long, a top official said Wednesday.
Muhammad Riaz, Chief Executive of the SDC said that merit has been bulldozed while whole family, associates and personal employees of the chairman are looting the institution in a very systematic manner.
Talking to Dr Murtaza Mughal, President of the Pakistan Economy Watch, he said that resources of SDC are being utilised to promote personal businesses and relations of Mian Akram Farid.
He said that personal employees of the chairman working in Pak Iron and Steel Casting and Hotel Crown Plaza have taken control of the office and critical record and they always force government servants to get illegal orders executed.
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03. 06. 13
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Extra taxes on tobacco industry in upcoming budget suggested
Smoking linked to economic losses and burden on health-care system
The Pakistan Economy Watch (PEW) on Sunday asked the incoming government to take serious steps including imposing additional taxes on tobacco industry in the upcoming budget to discourage its growing usage.
Despite all the half-hearted efforts including the Anti-Smoking Ordinance, tobacco use and exposure to second-hand smoke continues to grow and remained the leading preventable cause of death and disease, said Dr Murtaza Mughal, President PEW.
It also results in productivity losses especially among the less fortunate people of the society, economic losses, and a substantial burden on the health-care system which can be reduced, he said.
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01. 06. 13
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Unexplored potential of overseas Pakistani can boost economy: PEW
The Islamabad Women’s Chamber of Commerce and Industry (IWCCI) on Saturday proposed simple and implementable step to boost dwindling foreign exchange reserves.
There are over ten million Pakistanis working in around seventy-nine countries including USA, UK, Canada, UAE, Saudi Arabia etc.
Government can use the potential of overseas Pakistanis to augment forex reserves in order to bring meaningful economic reforms, said Farida Rashid, President IWCCI.
Talking to Dr Murtaza Mughal, President Pakistan Economy Watch, she said that friendly schemes must be introduced to restore confidence of overseas Pakistanis.
Government can announce a scheme in which if a person sends remittance of up to one million dollars, he/she will be eligible to bring a duty-free automobile in Pakistan, she said.
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01. 06. 13
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MAPNA ready to invest heavily across Pakistan
An Iran based global company has offered immediate solution to the Pakistan’s prevalent power crisis which has pulled economy down and crippled general life.
Iran Power Plant Projects Management Company (MAPNA), the sixth largest power company in the world says that it can bridge gap between demand and supply of electricity within months.
A delegation headed by Muhammad Hussain Baqri, head of international communications MAPNA said this while talking to Dr Murtaza Mughal, President of the Pakistan Economy Watch (PEW).
He said that Iran’s installed capacity is 70000 MW out of which MAPNA is providing 67000 MW and we can easily provide up to 10000 MW to Pakistan on most economical rates as compare to any neighbouring country. Pakistan’s current electricity shortfall stands at 7000 MW.
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30. 05. 13
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Terrorism to resurface if tribal areas ignored by policymakers
Call for facilitating businesses in tribal areas to ensure peace
The Pakistan Economy Watch (PEW) on Wednesday asked the next government to escalate the revival of industrial activities in tribal areas.
After years of unrest some peace has been restored and life has becoming normal which calls for renewed efforts to support people of tribal areas living miserably, it said.
New wave of terrorism can resurface in the tribal areas if government continued to ignore the revival of business activities in Fata and Pata, said Dr Murtaza Mughal, President PEW.
He said that business community and overseas Pakistanis should also invest in militancy-hit and cash-starved tribal areas while government should ensure conducive environment, proper communication facilities and smooth supply of energy.
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29. 05. 13
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Wishful thinking of leaders can lead Pakistan to default: PEW
Leaders of the trading community on Tuesday said ignoring the advice of International Monetary Fund (IMF) and delaying negotiations with the lender is a recipe for economic disaster.
Early negotiations with the international lender will be good for reputation of the country while delay will hurt standing, currency and rating of Pakistan, they said.
President All Pakistan Anjuman-e-Tajran Khalid Pervaiz and President Anjuman-e-Tajran Lahore Shahid Bilal said that the economic managers of the incoming government should not pin hopes on expected inflow of money.
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28. 05. 13
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Power sector revival linked to reforms, increased tax collection
The Pakistan Economy Watch (PEW) on Monday attributed continued worst loadshedding across the country to the differences among caretaker federal ministers.
The ministry of water and power wants Rs 22 billion to reduce crisis while the finance ministry, despite directives of the PM, is not ready to pay the money to annoy IMF by increasing deficit, it said.
The loadshedding has not only compromised growth but added to frustration of masses to an extent that many gave started taking against the country, said Dr Murtaza Mughal, President of the PEW.
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27. 05. 13
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Incoming governemnt asked to promote IT to ensure national development
The Pakistan Economy Watch (PEW) on Sunday said information technology can help alleviate poverty and transform our society and economy.
Pakistan can accelerate economic growth to get rid of many problems by improving its talent pool with the help of technology, it said.
The incoming government should initiate expanded online learning programmes to better serve students and extend the benefits of education to tens of thousands of others, said Dr Murtaza Mughal, President of the PEW.
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20. 05. 13
Delaying Kalabagh dam is a serious crime: Dr Murtaza Mughal
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Govt must act before masses question merits of a system that cannot deliver
Rehmat Khan Wardag, President Tehreek-e-Istaqlal on Sunday said plunderers of national wealth should not be spared so that no opportunist can follow their suit in future.
The corrupt cabal that ruled country for five years brought economy to its knees and made life impossible for majority deserves no mercy, he said.
Talking to Dr Murtaza Mughal, President of the Pakistan Economy Watch, he said that masses have voted out incompetent political band known for dysfunction, negligence and mismanagement.
However, it is now responsibility of the incoming government to make an example out of them so that masses can take a sigh of relief otherwise it will risk losing credibility and fail the uphill task of revamping the country’s economy.
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18. 05. 13
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Pakistan needs widely credited politician to resolve energy crisis
Central General Secretary of the All Pakistan Anjuman-e-Tajiran Naeem Mir on Friday said business community want Shahbaz Sharif as energy minister to resolve energy crisis.
We have full faith in skills and selflessness of the former chief minister Punjab who can resolve the crisis engineered by the former government, he said.
Talking to Dr Murtaza Mughal, President of the Pakistan Economy Watch, Naeem Mir said that Pakistan braved massive mismanagement and corruption for years which triggered inflation, unemployment and economic meltdown.
The former governments wasted billions of rupees of taxpayers’ money only to further deteriorate ailing power sector and public sector enterprises.
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14. 05. 13
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Credit of successful elections goes to masses, judiciary and ECP
The Pakistan Economy Watch (PEW) on Monday said the credit of successful elections goes to undeterred masses, judiciary and the Election Commission.
The failure of PPP is being attributed to unabated corruption, energy crisis, destruction of independent institutions and decisions of some advisors with dual nationality, it said.
After unexpected surge in the National Assembly, the PML-N Chief Nawaz Sharif should initiate nation building by prioritising economic revival, make taxation system just, and reverse policy of taxing poor to please rich, said Dr Murtaza Mughal, President PEW.
Otherwise, PML-N will meet the fate of PPP in the next elections scheduled in 2018. PTI Chief Imran Khan should also walk his talk to save country from becoming a failed state, he said.
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10. 05. 13
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Incompetent cabal cannot revive recession-bound economy
The Pakistan Economy Watch (PEW) on Thursday said masses would be responsible for country’s failures in future if they again elected leaders without vision and basic competence.
A weak government will not be able to overcome challenges or initiate reforms which will accelerate economic contraction paving way for default, it said.
We must blame nobody but ourselves for sad state of education system, collapsing healthcare system, an overfed yet inefficient civil service, pervasive crime and terror, and corruption that has become endemic, said Dr Murtaza Mughal, President PEW.
That is because we had elected a government believed and behaved like it was unaccountable, he said while talking to Baig Raj, President Punjab Forum.
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06. 05. 13
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A change can end the bonanza of influential industrial groups
The Pakistan Economy Watch (PEW) on Sunday said some influential industrial lobbies are trying to influence the outcome of the upcoming Parliamentary elections.
The highest-spending lobbyists are pumping heavy amounts into political campaigns while most of the money is flowing towards candidates who have helped them earn billions over the last five years, it said.
The attitude of the rulers who favour influential business groups over the national interests is an open secret which speaks of the extraordinary influence these lobbies enjoy over the policy-making process, said Dr Murtaza Mughal, President PEW.
The leading business lobbies view a change after elections as detrimental to their interests as it can result in a policy change jeopardise their bonanza, he added.
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04. 05. 13
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Students losing interest in QAU, moving to private institutions
The Pakistan Economy Watch (PEW) on Friday expressed grave concern over politics and leadership crisis in the Quaid-i-Azam University (QAU).
Promotion of politics, nepotism and harassment of students since years is bringing the graph of QAU down which was once ranked as number one institution in the public sector by the Higher Education Commission, it said.
The Quaid-i-Azam School of Management Sciences (QASMS), providing quality and affordable education to middleclass has suffered the most in last two years, said Abdullah Tariq, SVP PEW.
Talking to a group of students, he said that a good number of highest achieving students get admission but fails to make it which is worrying.
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02. 05. 13
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Precious metals retreat sign of global slump
Violent gold fall seen as failure of capitalism
Islamic financial system getting attention
The Pakistan Economy Watch (PEW) on Wednesday expressed concern over receding gold and silver prices terming it a sign of shrinking economic activity on the global scale.
Contracting economic activity is because of incoherent policies of western banks causing falling demand, is said.
Sharpest decline in gold prices in 30 years is a turning point on the global economic map since financial crisis in 2008 after which investors lost interest in paper money and shifted towards gold, said Dr Murtaza Mughal, President Pakistan Economy Watch.
He said that gold tripled in value in last three years before a recent downturn which is amazing as no government can print gold like their currencies.
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01. 05. 13
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Weak government to harm economy in the years to come
Increased horse-trading to disappoint masses
The Pakistan Economy Watch (PEW) on Tuesday said the upcoming elections will result in a fragmented government which will result in continued political and economic instability hurting millions more.
The uncertainty may not be settled after elections as another era of horse-trading will take toll on the limping economy, it said.
Majority of those who supported PPP in 2008 elections are disappointed due the hardships inflicted upon them in the name of democracy, said Dr Murtaza Mughal, President Pakistan Economy Watch.
He said that the divided rivals of PPP are busy in luring masses and using issue of energy crisis which has unnerved people but none has a concrete plan to resolve outstanding issues.
Dr Murtaza Mughal said that politicians are issuing contradictory statements and promising a change which is unlikely to happen in the current set of circumstances.
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29. 04. 13
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Power sector cannot survive without reforms
The Pakistan Economy Watch (PEW) of Sunday said that electric power transmission and distribution losses are increasing with an amazing speed compromising economic growth.
Pakistan is among top ten countries in the electric transmission and distribution (T&D) losses which has become a major threat, it said.
Pakistan lost 24 per cent of entire electric production in 2004, in 2010 it was ranked 23rd while in 2011 it jumped to be one of the top 14 countries among a group of 131 nations, said Dr Murtaza Mughal, President PEW.
Now the country has the honour of losing almost 40 per cent of the power generated through various sources, he said.
On the other hand, he said, Bangladesh T&D losses are at 2 per cent, Finland 3 pc, South Korea and Israel 4 pc, China and Zimbabwe 6 pc, UAE and UK 7 pc, and Afghanistan 13 pc.
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23. 04. 13
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Timely elections, stable govt critical for country’s survival
The Pakistan Economy Watch (PEW) on Sunday expressed grave concern over deteriorating economy saying that interim setup lacks focus on economy.
Lack of serious attitude towards economy on the part of former government has left country with two options, seek IMF loan or face an economic collapse, said Dr. Murtaza Mughal, President PEW.
He said that economy is facing serious challenges that include sluggish growth, mounting energy shortages, drying investment, rising budget deficit, climbing public debt, escalating unemployment and rampant poverty.
The FBR has failed to achieve collection target as usual paving way to third downward revision in the target which will be difficult to realise due to political uncertainty and low productivity, he said.
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12. 04. 13
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Masses asked to reject cosmetic changes in the name of elections
Lieutenant-General Hamid Gul (Retired) on Thursday said elections may bring some cosmetic changes but it will not bring any meaningful change to resolve issues confronted by masses and the country.
Masses will continue to reel under inflation, lawlessness, unemployment, and food insecurity while elite will flourish without discharging national obligations under the oppressive democratic system, he said.
Speaking at Firk-e-Farda Forum, the former chief of the Inter Service Intelligence Lt. Gen. (Retd) Hamid Gul said that democracy is a tool of western imperialism to dominate world which must be rejected by masses to get Islamic system imposed.
He said that communism is dead while shelf life of Christian democracy is over. It is dying at our doorstep while the humanity is in need of a new and just system for which Pakistan can become a model, he added.
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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.
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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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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16. 03. 13
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Int’l lenders, Pakistan should learn lesson from Vatican
The Pakistan Economy Watch (PEW) on Friday lauded Vatican for electing a non-European Pope that indicates a major and welcoming shift in thinking of the Catholic Church.
By electing Pope Francis from Argentina, a South American country of around 40 million population, the Vatican has introduced a very positive and healthy trend which has added to its prestige, said Dr. Murtaza Mughal, President PEW.
He said that the development indicates that merit was preferred over nationality which will add to credibility and effectiveness of Vatican.
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15. 03. 13
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ISLAMABAD: The Pakistan Economy Watch (PEW) on Wednesday said inauguration of Pakistani portion of Iran gas pipeline, economically and strategically crucial for the future of our country, is the greatest achievement of the incumbent Government.
This historic decision, taken after a long delay, will help attract investment, provide jobs, and revive sliding economy while it has renewed hopes among dejected masses and business community reeling under severe energy crisis, it said.
The decision shows that Pakistan has decided to put its own interests ahead of the interests of all other nations and it is unwilling to sacrifice economy for the sake of the sole super power which has helped government gain global admiration, said Dr. Murtaza Mughal, President PEW. read more…
11. 03. 13
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Politics in PSEs behind poor rate of economic growth
Govt asked not to ignore mounting losses of worst run PSEs
The Pakistan Economy Watch (PEW) on Sunday said mounting losses in the politically managed Public Sector Enterprises (PSEs) are pushing country towards bankruptcy.
Living on hefty bailout packages, not a single PSE has contributed anything but sheer disappointments over the decades, it said.
These companies being run by the non-professional and politically motivated managers have become hub of favouritism and corruption with little hope for revival, said Dr. Murtaza Mughal, President PEW.
Governments use PSEs as a job creation tool to seek political mileage that in turn add to the losses in form of massive loans to pay salaries to an army of incompetent employees, he added.
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07. 03. 13
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ISLAMABAD: The Pakistan Economy Watch (PEW) on Wednesday said chaos in a well-known charity has put future of hundreds of students at stake.
Mismanagement and malpractices in Wah-based NGO has raised concerns among parents of around fifteen hundred students getting education in the schools run by the trust, it said.
The health projects initiated by the trust are also being ignored owing to struggle in the charity, parents of the students told Abdullah Tariq, SVP, Pakistan Economy Watch.
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02. 03. 13
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SRO culture biggest hurdle in improved tax collection
Disallowing FBR to issue SROs to boost economy
The Pakistan Economy Watch (PEW) on Friday said SRO culture has remained one of the biggest hurdles in ensuring national development by widening the tax net.
SROs are the foremost source of corruption, discrimination, budget subversion and national disgrace, it said.
FBR has become a factory producing SROs (Statutory Regulatory Orders) to favour influential which undermines capability of the government to spend on welfare and development, said Dr. Murtaza Mughal, President PEW.
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25. 02. 13
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CNG import ban lifted temporarily to please an influential group
CNG parts’ imports during ban and later clearance seems collusion
Revoking decisions of former FM may be linked to his resignation
The Pakistan Economy Watch (PEW) on Saturday expressed shock over decision of the Economic Coordination Committee (ECC) to temporary lift ban on the imports of CNG cylinders and kits terming it against the government stance, claims and decisions.
Top government functionaries have been publically blaming that CNG sector has become a burden responsible for all the ills of the energy sector and that the economical fuel will be phased-out to save economy from total collapse.
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18. 02. 13
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45 billion US dollar deal could prove to be a turning point
Historical investment to boost up economy, send positive message
Wealthy businessmen asked to follow suit by putting stalled projects in motion
The Pakistan Economy Watch (PEW) on Sunday lauded the initiative of real estate magnate Malik Riaz and Abu Dhabi group to invest USD 45 billion in Pakistan which would be the biggest investment in country’s history having potential to transform Pakistan.
Implementation of the landmark agreement signed by undeterred local and foreign businessmen will not only propel economy and reduce unemployemnt but send much needed very positive signals across, it said.
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15. 02. 13
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The Pakistan Economy Watch (PEW) on Thursday said Pakistan continues to march towards dark ages in absence of any concrete effort to resolve energy crisis by the authorities concerned that has left millions out of work and brought economy to the brink.
Petroleum ministry continue to keep critical energy issue on the back burner while trying to get approval of controversial projects aimed at personal welfare, said Dr. Murtaza Mughal, President PEW.
By ignoring implementation of viable projects to overcome energy shortages the politicians and advisers have initiated controversial projects that will not provide any relief to masses, he said.
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11. 02. 13
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ECP asked to block tax cheats from contesting elections
Country cannot afford another spell of corrupt democracy
Pakistan to become prosperous if Article 62, 63 implemented
The Pakistan Economy Watch (PEW) on Sunday said future of the country cannot be entrusted to politicians who have remained involved in massive tax evasion.
Election commission should take concrete steps to stop politicians involved in mass scale tax evasion from contesting parliamentary elections, it said.
Around seventy per cent of politicians, many billionaires, don’t pay taxes to discharge their obligations and at the same time ask masses to pay taxes to finance their luxuries, said Dr. Murtaza Mughal, President PEW.
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06. 02. 13
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Stringent procedures to leave all efforts by Govt useless
Traders not to use protest as first option if heard
The Pakistan Economy Watch (PEW) on Tuesday said new rules framed to create chambers for women, small traders and cottage industry should be flexible enough to attract the business community.
Some clauses in the Trade Organisation Bill 2013 approved by the joint committee of National Assembly and Senate Standing Committees on Commerce recently will only benefit the business community if it is widely accepted, it said.
The current set of rules may prove unappealing for majority of businessmen leaving the whole exercise counterproductive, said Dr. Murtaza Mughal, President PEW. read more…
04. 02. 13
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SBP report shows twisted picture of economy
Rosy picture cannot conceal hard facts from masses
Holding the State Bank of Pakistan (SBP) partly responsible for the gloomy economic situation, the Pakistan Economy Watch (PEW) on Sunday said the has failed to show correct picture of economy in its recently released annual report.
Political interference and attitude of the central bankers to please government while misleading masses has left the Apex bank untrustworthy and ineffective, said Dr. Murtaza Mughal, President PEW. read more…
01. 02. 13
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Early completion of Iran gas pipeline will be a gift for masses
The Pakistan Economy Watch (PEW) on Thursday said some recent steps taken by the government including ratification of Iran pipeline agreement by the Federal Cabinet and handing over Gwadar port to a Chinese firm are highly promising.
These steps will go a long way in reviving economy which is in tailspin since some time leaving millions jobless and threatening growth, said Dr. Murtaza Mughal, President PEW.
He said that Chinese cooperation in the pipeline project will make it a reality in less than expected time which will be a great service to the country and people of Pakistan reeling under energy crisis.
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28. 01. 13
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Masses robbed to win support of influential lobbies
The Pakistan Economy Watch (PEW) on Sunday said politicians are recklessly spending public funds, misusing powers and robbing massing to ensure victory in upcoming election despite their miserable performance over the years.
It is amazing that tax fraud is a punishable offence while wastage of public funds on controversial projects that benefit few isn’t, it said.
Politicians simply don’t give much thought to long-term consequences of their decisions preferring short-term electoral successes, said Dr. Murtaza Mughal, President PEW.
He said that many recent decisions were examples of abuse of position as these steps had nothing to do with welfare of masses but were aimed to support influential business lobbies in return of their support during the elections.
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24. 01. 13
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Country would have defaulted earlier without judicial interventions
Rulers to nail the coffin of country if voted to power again
The Pakistan Economy Watch (PEW) on Wednesday said concrete steps for economic revival seems a far cry during the current year.
Masses will experience three governments in the on-going year, the incumbent coalition will complete term which will be replaced by caretaker setup and after elections another political government will take charge, it said.
It would be unfortunate if the ruling party which claim to believe in continuity of democracy and reconciliation to justify wrongdoing forms government after elections as it will seal the fate of country, said Dr. Murtaza Mughal, President PEW.
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21. 01. 13
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Proper higher education is the key to economic prosperity
The Pakistan Economy Watch (PEW) on Sunday said the management of the
Karakurum International University (KIU) is destroying the institution and future of the people of Gilgit-Baltistan.
Currently, the university established in 2002 has 2300 students, nearly 100 faculty members and over a hundred administrative staff in sixteen academic departments is rife with politics.
The university administration has remained very reactive to demand basic rights by the students and teachers like dignity, free speech and disapproval of objectionable decisions, said Dr. Murtaza Mughal, President PEW. read more…
19. 01. 13
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17. 01. 13
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ISLAMABAD – The Pakistan Economy Watch (PEW) on Wednesday lauded the Supreme Court for issuing arrest orders of Prime Minister Raja Pervaiz Ashraf and his aides for corruption in the infamous rental power scam.
PEW President Dr Murtaza Mughal said that “the Intervention of the Apex court was celebrated by masses across the country which amounts to no confidence on the incompetent government”. The unexpected order came amidst the ongoing long march in which the countrymen are protesting against mismanagement of the political parties. Mughal said that the “government has lost all right to rule due to massive corruption and engineered energy crisis to plunder the country’s wealth resulting in increased terrorism, heightened poverty, and a collapsing economy”. read more…
15. 01. 13
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School dropouts, early marriages increasing
The Pakistan Economy Watch (PEW) on Monday said that record number of people have become malnourished during the five long years of democratic rule in Pakistan.
The policies of the government have pushed up the cost of food to unprecedented levels leaving majority of the population food insecure, said Dr. Murtaza Mughal, President PEW.
He said that despite increase in the population the consumption of food is going down which is hurting the health of masses and bringing down productivity of the economy.
Dr. Murtaza Mughal said that around 50 per cent of the children in Pakistan and underweight while mothers are worst hit who are compromising on their health to feed their children. read more…
14. 01. 13
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Govt borrowings disables engine of growth
Price statistics highly manipulated
Chairman of the Pakistan Citizen Forum Malik Amjad Hussain Alvi on Sunday said the Ministry of Finance in a bid to hide failures is presenting cooked figures which are resulting in international defamation of the country.
Presenting fudged figures since years have not served anyone’s purpose including the government’s own but it is yet to be realised by the economic managers, he said.
The unrealistic targets and doctored figures have resulted in crisis of credibility for the government and with the international lenders, he said while speaking at a forum organised by the Pakistan Economy Watch. read more…
07. 01. 13
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Asim’s decisions can ensure victory of opposition in elections
Largest oil retailer with Rs. 975 bl sale on verge of bankruptcy
The Pakistan Economy Watch (PEW) on Sunday said country will be pushed in the Stone Age if the incumbent ruling coalition wins upcoming elections.
There would be no energy to keep vehicles and economy moving in presence of advisers like Dr. Asim who has done his best to build a negative opinion about the government among masses and business community, said Dr. Murtaza Mughal, President PEW.
Opposition parties are visibly delighted on the outcome of the decisions taken by the adviser to the PM on petroleum which have enraged people to an extent never witnessed before which will benefit them, he added.
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04. 01. 13
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Dr. Asim held responsible for energy crisis, resignation sought
Liberalised trade with India to destroy local industry, agriculture
A transparent tax amnesty scheme will help authorities broaden tax-to GDP ratio and raise funds while it will give a new boost to our rusting economy, a business leader said Thursday.
FBR’s scheme can yield Rs100 billion which makes it key to overcome expected revenue shortfall and meet tax collection target, said Munawar Mughal, former president Islamabad Chamber of Commerce and Industry. read more…
29. 12. 12
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Enabling policies can attract billion of foreign investment
Using full potential to ease energy crisis in Pakistan
Wind power sector needs more encouragement
The Pakistan Economy Watch (PEW) on Friday lauded Government, Asian Development Bank (ADB) and Fauji Fertilizer Company Energy Limited (FFCEL) for promoting green energy in Pakistan.
All the stakeholders have played a very positive role in introduction of green energy in the country facing acute power shortages which has sent very positive signals, said Dr. Murtaza Mughal, President PEW.
President Zardari’s resolve to fully exploit Gharo-Keti Bundar wind corridor to produce 50,000MW electricity is very positive at a time when shortage of electricity has become a major challenge for the economy, he said.
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