16. 07. 12
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Investors’ confidence can move the stagnant economy
The Pakistan Economy Watch (PEW) on Sunday asked the government to introduce initial public offerings (IPO) grading system in Pakistan to restore confidence of investors and boost dry market.
IPO grading serves as a tool for additional information and assistance to investors enabling them to take proper decisions after getting realistic picture of a company.
This service is very useful to retail investors who seek to invest in companies that are little known or unknown in the equity markets, said Dr. Murtaza Mughal, President PEW.
A grade is not a recommendation to buy shares but only an independent, reliable and logical evaluation of the fundamentals of a company going in for an IPO, he said.
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14. 07. 12
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LNG Ministry Rejects PEW Report
PEW Clarification
Some politicians trying to make Rs 400b in LNG import deal
Secretary fired, Ogra invites ire of influential by resisting deal
The Pakistan Economy Watch (PEW) on Friday said government is planning buy LNG on inflated rates under the garb of resolving energy crisis.
All rules and regulations have been relaxed for the import of 500 million cubic feet of LNG per day under a long-term contract, it said.
Pakistan will have to pay some five million dollars daily for fifteen years while politicians will get some Rs 400 billion in kickbacks if the deal to import LNG from Qatar on hefty rates is finalised, said Abdullah Tariq, SVP of PEW.
Secretary Petroleum Mr. Muhammad Ejaz Chaudhry has been fired for resisting the deal while efforts are underway to tame Oil Gas Regulatory Authority (Ogra) which has also opposed the deal, he added.
Tariq said that the ministers who are uneasy over letters from Ogra against LNG import want the department dissolved or brought under the control of the petroleum ministry.
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11. 07. 12
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Lower class inequality ensures rapid economic progress
Authorities asked to ensure levelling effects of education
Continued emphasis on social mobility via education demanded
The Pakistan Economy Watch (PEW) on Tuesday said that education policy needs to be revisited to ensure social mobility which will result in rapid social and economic progress.
Educational inequality has become one of the most important social issues which need immediate attention of the authorities, it said.
Flawed educational policies, budget cuts and lack of interest on the part of authorities have left majority of state-run educational institutions dysfunctional, said Dr. Murtaza Mughal, President PEW.
While, many private school chains in their race for profits are not only promoting negative tendencies but also threatening to reduce levelling effects of education, he added.
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09. 07. 12
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ISLAMABAD – Pakistan may not avail the full benefits of duty free exports to European Union (EU) under Generalized System of Preferences (GPS) plus scheme and faces a threat of losing $ 1 billion annual export to the latter due to deteriorating energy crisis.
This was said by President Pakistan Economy Watch (PEW) Dr Murtaza Mughal in a statement issued here on Sunday. In his statement he said the deteriorating energy crisis of the country may hit a stumbling block to get desired objectives through GSP plus scheme effective from 2014.
“If the government is not able to get rid of power outages till 2014 then the EU facility will not help the country at large to get its desired objectives of enhancing export,” Murtaza Mughal said, adding that country’s export was expected to increase by more than $ 1 billion per annum to European Union and will export more than 6,000 tariff lines duty free whereas currently exporting the same tariff lines but with duties.
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06. 07. 12
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Unfortunate becoming poorer by the passage of every day
System barring parents from lifting less advantaged children to success
Downward mobility of masses, growing rich-poor gap threat for country
The Pakistan Economy Watch (PEW) on Thursday said all important policies are being framed while keeping in mind the interests of elite which are less than one per cent while over ninety nine per cent masses are facing worst type of exploitation.
Government’s policies are helping rich amass more wealth while underprivileged are becoming poorer by the passage of every day which has left majority desperate, said Dr. Murtaza Mughal, President PEW.
He said divide between haves and have-nots is widening pushing poor to choose between feeding families and providing education to children. Hence, they have been deprived of a tool that can lift their less advantaged children to success.
Such policies have helped Pakistan earn honour of highest school dropout rate in the world; these children enter into cruel labour market to save families from starvation and endue worst forms of abuse.
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05. 07. 12
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Govt continue to compromise economy for politics
The Pakistan Economy Watch (PEW) on Wednesday said Prime Minister Raja Pervez Ashraf’s renewed focus on energy offered nothing to the masses.
The first meeting that Raja Pervaiz Ashraf chaired after assuming the charge as prime minister was to resolve energy crisis proved another useless effort, it said.
Now, the load shedding has increased in the harrowing summer making lives of 180 million full of miseries, affecting industrial and agricultural production, leading to deaths and making mobs more violent, said Dr. Murtaza Mughal, President PEW.
Announcement regarding provision of extra fuel to Independent Power Producers (IPPs) was taken positively despite the fact that the problem in not scarcity of fuel but non-payment of dues, he said.
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03. 07. 12
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Investors not to reappear until grievances are resolved
Sheltering stock market criminals left IPO market dull
The Pakistan Economy Watch (PEW) on Monday asked the government to take steps aimed at restoring confidence of the small investors in the stock market to boost economy.
Companies are left with no option but to go for costly borrowing from the banks as the cheap option of IPO (Initial Public Offering) has become futile due to suspicions among the retail investors, it said.
Lower investors’ appetite has been forcing many firms to shelve their IPO plans despite getting approval which is sending negative signals, said Dr. Murtaza Mughal, President PEW.
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02. 07. 12
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PM House Rejects PEW Report
Politicians behind reduced support for democracy
The Pakistan Economy Watch (PEW) on Sunday said that Prime Minister Raja Pervaiz Ashraf has failed to restore confidence of the business community.
Politics remains the favourite subject of the new PM and his Cabinet while economy continue to take a backseat because of lack of commitment to change life of ordinary people, it said.
The dejected business community which welcomed removal of former Prime Minister Syed Yusuf Raza Gilani in hope of stability found nothing except disappointment, said Dr. Murtaza Mughal, President PEW.
Economic activities continue to lose momentum, economy is under renewed stress while Parliament continues to remain indifferent to miseries of masses and business community, he added.
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27. 06. 12
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Policy of modernizing, reforming madressahs lauded
Dr. Murtaza Mughal has said that religious and modern education should remain hand in hand which is imperative for the national development.
Integration of Islamic religious schools into the mainstream school system can help overcome many problems faced by the nation, he said.
Dr. Murtaza Mughal, President Pakistan Economy Watch said this while speaking as chief guest at ninth certificate distribution ceremony among Huffaz at Aiwan-e-Quran being run under the aegis of AIMS Education System.
He said that schools that are imparting religious education with modern education are serving society and bridging gaps between different sections of society.
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23. 06. 12
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Resolution of energy crisis lies in adhering to recommendations
The Pakistan Economy Watch (PEW) on Friday demanded of the government to approve Asian Development Bank’s water report to overcome many problems faced by the country.
Implementation of the recommendations of the water report which covers issues from glaciers to reservoirs and even drainage system can resolve many pressing issues to ensure economic returns, it said.
Immediate action on the report is needed for improving quality of life of masses, revival of industry, saving millions of young lives, increase productivity and ensuring prosperity, said Dr. Murtaza Mughal, President PEW.
The resolution of energy crisis which has paralysed economy also lies in implementation of the recommendations of the report, he added.
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22. 06. 12
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Stability, good governance to remain a far cry
SC again comes up to the expectations of masses
The Pakistan Economy Watch (PEW) on Thursday said replacement of ousted PM Gilani will not help masses or country in any way.
The new prime minister will continue to focus on political struggle keeping the pressing economic issues on the backburner, it said.
The Supreme Court has again earned unparalleled respect by issuing orders regarding the disqualification of Prime Minister Gilani in a dignified manner while keeping system intact, said Dr. Murtaza Mughal, President PEW.
He said that government is trying to resolve pressing economic issues including energy crisis by issuing encouraging statements and changing ministers which is wastage of time.
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08. 06. 12
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Budget to widen gap between Govt and masses
Budget leaves country more vulnerable, to shake stability
Economic injustice emerging as a big threat
Speakers at a post budget seminar said that budget has been designed by the elite for people representing superior social and economic status.
Budget will not only widen gap between the rich and poor but also increase divide between masses and the government, they said at the seminar held at Institute of Policy Studies (IPS).
The speakers including DG IPS Khalid Rehman, economist and policy analyst Mr Masood Dahir, Major Amanullah (Retired), Dr. Murtaza Mughal, President Pakistan Economy Watch and others said at the seminar that budget will leave masses vulnerable.
It will reshape society and well as economy which will be less likely to generate opportunities, they added.
The continued trend toward increasing inequality will result in generation of humble returns for business and shake social stability in the country, they warned.
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02. 06. 12
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Govt not ready to provide any relief to masses
Economic managers lack will, capacity to initiate reforms
The Pakistan Economy Watch (PEW) on Friday said the budget presented to the Parliament for upcoming fiscal year 2012-13 missed meaningful reforms.
No steps were announced to reduce the trust deficit, contain inflation, ensure political and economic stability, and give relief to any section of society, it said.
The statement of Finance Minister Dr Abdul Hafeez Sheikh regarding energy crisis was vague which left much to be desired, said Dr. Murtaza Mughal, President PEW.
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31. 05. 12
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Govt to boost reliance on borrowings
MQM’s shadow budget a positive move
The Pakistan Economy Watch (PEW) on Wednesday said upcoming budget will offer nothing but disappointment.
The government which is finding difficult to fulfil its debt obligations would be unable to provide any relief to masses and business community, it said.
Despite a severe financial crisis in sight, the tax-exempted sector will continue to enjoy free ride without discharging their responsibilities, said Dr. Murtaza Mughal, President PEW.
Drying foreign inflows and failure to widen tax net will leave government with few options but to rely on borrowing from State Bank and other commercial banks, he added.
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28. 05. 12
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Leniency to send negative signals
The Pakistan Economy Watch (PEW) on Saturday said US reaction on the conviction of Dr. Shakil Afridi is an evidence enough to prove him an American agent.
The convicted medical practitioner should also be tried for launching a fake vaccination campaign and shattering trust of masses which are already against vaccinations, it said.
Dr. Shakil Afridi is an American intelligence operator and any leniency will encourage other spies working in Pakistan to destabilise country, said Dr. Murtaza Mughal, President PEW.
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23. 05. 12
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Clarification: NAB refutes PEW statment
Lax attitude making criminals fearless, markets vulnerable
Window dressing cannot comfort stock crash affectees
The Pakistan Economy Watch (PEW) on Tuesday expressed scepticism about deal between National Accountability Bureau (NAB) and Karachi Stock Exchange (KSE) to bring rouge brokers to book.
This is a showy misrepresentation intended to conceal unpleasant reality and gain popularity, it said.
The stock market crashes from 2000 to 2008 were engineered in which top government functionaries and influential brokers were directly involved, said Abdullah Tariq, SVP, PEW in a statement issued here today.
He said that why NAB and KSE are determined to do something about the 2008 crash after four long years.
Masses deserve to know the outcome of investigations of all the five stock market crashes that took place in May 2000 and March 2005, he said.
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21. 05. 12
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Rising poverty reason behind mounting remittances
IMF doubts Pakistan’s capacity to repay loans, introduce reforms
The Pakistan Economy Watch (PEW) on Sunday said it would be difficult for Pakistan to secure another bailout package from the IMF to avoid looming crisis of external payments.
Pakistan has good relations with the US in 2008 when it got 7.6 billion dollar loan after two weeks of negotiations but now the situation is different, it said.
At present, our relations with the US are tense, IMF is focused on European crisis and unhappy over our failure to introduce reforms, said Dr. Murtaza Mughal, President PEW.
IMF doubts Pakistan’s repayment capacity; it is in no hurry to lend more to enable Pakistan to return 4.3 billion dollars in the next fiscal, he said.
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19. 05. 12
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US using NATO as a tool to ensure global hegemony
The Pakistan Economy Watch (PEW) on Friday said that US impatience to reopen NATO supply route in not only for resumption of supplies of non-lethal hardware.
It seems that US is in a hurry to withdraw troops from Afghanistan as it can have a negative impact on Obama in the election year.
War in Afghanistan has already dented credibility and economy of America beyond repair; further losses will be intolerable for the US electorate, said Dr. Murtaza Mughal, President PEW.
NATO wants minimum losses in the largest and most complex withdrawal in the history of modern military conflict which seems very difficult, he said.
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14. 05. 12
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Keeping country dependent, ensuring Indian supremacy was planned
The Pakistan Economy Watch (PEW) on Sunday said efforts of bureaucracy to shelve Thar coal gasification project are unfortunate.
Statement of Member Energy, Planning Commission Shahid Sattar regarding the economic unviability of the project could be result of the continued campaign of powerful petroleum mafia, it said.
How come a project became unworkable in which federal and provincial government haves invested a lot while dozens of foreign companies, multinationals and reputed individuals has expressed interest, Dr. Murtaza Mughal, President PEW questioned.
The stance of Planning Commission is nothing but a trick to deceive masses, he said.
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09. 05. 12
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The Pakistan Economy Watch (PEW) on Tuesday said upcoming budget by the embattled government will be sheer disappointment for majority and good news for influential.
Government will compromise its stance on subsidies and rely on slogans to offer a budget that will suit their political ambitions, it said.
Questions are being raised about the legality of the fifth serial budget which will be presented by a Cabinet working under a convicted Prime Minister, said Dr. Murtaza Mughal, President PEW.
He said that no key change will take place in the budget to give a breathing space to reeling masses which will make environment more fragile.
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07. 05. 12
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Best way to eradicate poverty is to boost growth through effective governance
Improvement in quality of life doesn’t depend on charity but economic development
The Pakistan Economy Watch (PEW) on Sunday questioned impact of Benazir Income Support Programme (BISP) on poverty reduction initiatives.
BISP claims to be a good poverty reduction tool while a probe revealed an altogether story, it said.
In fact, BISP has remained a political tool since its beginning in 2008 which has invited criticism from many quarters, said Dr. Murtaza Mughal, President PEW.
Hand-outs from BISP are not distributed on merit but on the political considerations therefore the province of Sindh which is the stronghold of PPP receives more than fair share, he said.
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02. 05. 12
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The Pakistan Economy Watch (PEW) on Tuesday lauded the government for taking steps aimed at addressing the genuine concerns of rice farmers and exporters.
The concerns of growers, exporters and other stakeholders came to limelight following the decision of the government to liberalise the import of agricultural products from India.
Trade liberalisation could have resulted in onslaught of cheap rice from India hurting local sector which is employing millions and generating around two billion dollars per annum for country, said Dr. Murtaza Mughal, President PEW.
He said that Pakistan is following free market economy rules in rice trade while India is heavily subsidising many agricultural products including rice.
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30. 04. 12
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Unresolved debt issue pulling country down
Circular debt most potent threat to country’s economy
The Pakistan Economy Watch (PEW) on Sunday asked the government to resolve issue of inter-corporate circular debt in the power sector which has become a big threat to image and economic survival of the country.
Liquidity crunch in the energy sector has hurt economic growth, hit exports, reduced collections, triggered unemployment and stalled fresh investment in power generation, it said.
The circular debt is also barring investment in Thar where lies the key to energy security of Pakistan, said Dr. Murtaza Mughal, President PEW.
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23. 04. 12
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Masses, honest taxpayers to face more hardships
The Pakistan Economy Watch (PEW) on Sunday said frequent upward revisions in the prices of fuel and electricity and continued government borrowing proves incompetence of the tax collectors.
Government continues to revise energy prices on one pretext or other to raise funds as the tax machinery has failed to show any sign of improvement.
Similarly, ruling coalition has crossed all the limits of borrowings to generate money without considering its social and economic complexities, said Dr Murtaza Mughal, President PEW.
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21. 04. 12
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Government to step-up borrowing to please new ministers
The Pakistan Economy Watch (PEW) on Friday criticised move of the government to create new ministries and induct eleven new ministers terming it a political move which will drain resources.
Now, government will be spending additional billions on newly created ministries while financing expenditure through increased borrowing, it said.
Government is overburdening masses to gain political mileage; 53 federal and state ministers will only help further damage the credibility of incapable ruling coalition, said Dr Murtaza Mughal, President PEW.
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19. 04. 12
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The Pakistan Economy Watch (PEW) on Wednesday said Pakistan’s population is rapidly becoming a victim of food insecurity.
Food insecurity is damaging society and reducing productivity but those who matter are ignoring this issue of critical importance, it said.
Food has always remained important than education therefore millions of children have been forced out of schools to the overcrowded child labour market by parents in a bid to survive the onslaught of inflation, said Dr Murtaza Mughal, President PEW.
He said that food insecurity is being felt in every nook and corner of the country but urban centres are facing enhanced problem where at least 37 per cent people have become malnourished.
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13. 04. 12
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Shrine donation should be diverted to Gayari victims
Concessions to India can compromise national security interests
The Pakistan Economy Watch (PEW) on Friday criticised increasing private visits of President Zardari which are draining national resources.
Government machinery and national wealth has been extensively used in all the uninvited visits of the President which can become a source of embarrassment for people of Pakistan.
No other head of state in the world has undertaken so many private visits to other countries, said Dr. Murtaza Mughal, President PEW.
Talking to Lt. Gen (Retd) Amjad Shoaib, he said that President Zardari has failed to show solidarity with his countrymen at a time when 135 soldiers and civilians of were buried alive under tonnes of snow in Gayari.
Instead of staying back he went ahead with his private visit to India which was a heartless move. He was on a visit to France when national was braving worst-ever floods.
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12. 04. 12
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Clarification: Lawmaker admits PEW reports
The Pakistan Economy Watch (PEW) on Thursday said that some politicians have started filing false claims for financial profit.
The insurance industry has a defence mechanism against false or exaggerated claims, but it becomes difficult when policy holder is an influential politician, it said.
Such practices and highly illegal but very common in the insurance industry due to weak control, said Abdullah Tariq, SVP PEW.
Talking to representatives of insurance industry, he said that some greedy politicians have targeted corporate sector after robbing nation of all their belongings.
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11. 04. 12
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Cooling plan may not help drop tempers for long
Conservation focused, issue of production skipped
No resolution on KBD disappoints many
The Pakistan Economy Watch (PEW) on Wednesday said the Energy Conference was a step initiated by the government to stop long march planned by frustrated masses and dismayed business community of Punjab.
The decisions taken to conserve electricity were nothing but a repetition of the past mistakes which will never help anyone gain anything, it said.
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02. 04. 12
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US Military hardware can be used against Pakistan
Petroleum price hike can result in total economic collapse, civil war
The Pakistan Economy Watch (PEW) on Monday said proponents of reopening NATO critical supply route are ignoring the fact that American hardware can be used against Pakistan.
It is an open secret that Americans are desperate to penalise Pakistan for their defeat in Afghanistan therefore they shouldn’t be allowed to use our soil against us, it said. read more…
24. 03. 12
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Power projects should be reconverted on furnace oil, coal
Pakistan only country using clean fuel for power generation
The Pakistan Economy Watch (PEW) on Friday asked the government to reverse gas decision taken by former dictator Pervez Musharraf which resulted in depletion of precious gas reserves.
Before 2002 there was only one 750 MW power generations unit of KESC at Port Qasim which was using natural gas.
On 30th May 2011, Private Power and Infrastructure Board presented a concept paper to in its 88th Board meeting to convert thermal power stations on cheaper fuel.
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19. 03. 12
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Shifting economic priorities stressed
Unjust taxation keeping country backward
Private sector should stop presenting budget proposals
The Pakistan Economy Watch (PEW) on Sunday termed budget proposals by different business chambers, and associations a futile ritual with no positive impact.
Budget proposals have never been accepted for the welfare of masses or the business community which is making country a bad place to live and a risky destination for investors, it said.
Enhancing tax revenues and protecting evaders seems to be the major concerns of the collectors despite knowing its disastrous impact on the society and country, said Dr. Murtaza Mughal, President PEW.
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16. 03. 12
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Deception in guise of spirituality a big industry in India
Billionaire Ravi Shankar a fake guru, spiritual fraud
Every famous Hindu guru is super rich, controversial
Indian influence reaches to dangerous level in Pakistan
The Pakistan Economy Watch (PEW) on Thursday questioned the credibility of famous Indian spiritual leader Sri Sri Ravi Shankar by asking how come a person advocating love, peace and renouncing attachment to possession enjoy princely living.
Billionaire gurus have become one of the major industries in India and Shankar has become a bestseller due to positive reports in western media, it said.
It is normal in Hindu spirituality to trace one’s lineage of gurus but Shankar would never mention his gurus on website or literature, said Dr. Murtaza Mughal, President PEW.
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15. 03. 12
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PaCCS roll-back to hurt traders, revenue collection
Pakistan stands 110th in int’l LPI ranking, India is 47th, BD 79th
The Pakistan Economy Watch (PEW) on Tuesday asked the government to reduce impact of system on the international trade by simplifying and harmonising the cumbersome procedures.
It will reduce cost of doing business, ensure predictability, benefit governments and taxpayers, guarantee higher revenues, attract investment and improve the international rating of the country, it said.
Exporters and importers are facing issues like unnecessary documentation, lack of transparency and rapid legal redress, excessive clearance time, absence of co-ordination between concerned agencies, and absence of modern customs techniques, said Dr. Murtaza Mughal, President PEW.
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12. 03. 12
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ISLAMABAD: Independent Economists have said that the govenment will not be able to achieve current fiscal year’s revised budget deficit target of 4.7 percent due to resource-constraints.
While talking to Online here on Sunday renowned economist Dr Salaman Shah said that budget deficit was expected to wide further in current fiscal year 2011-12 because of debt repayments and a lack of external assistance.
He said that the government recent decision of postponing the launching of 3G licence will also wide the budget deficit as the launching of 3G licence was expecting to generate Rs.75 billion during on going financial year.
“Keeping in view the depressive economic situation in the country budget deficit may remain in the range of 6 to 7 percent,” Dr Salman Shah said, adding that this is the pre-election year and the government was tending to spend more on the public sector development front ahead of general election.
Executive Director(ED) Sustainable Development Policy Institute (SDPI) Dr Abid Sulari said that to get revised budget deficit target of 4.7 per cent was almost impossible for the government due to slow releases from Coalition Support Fund (CSF) and financial constraints.
While talking to Online President Pakistan Economy Watch (PEW) and economist Dr Murtaza Mughal said that government has needed to take tangible steps to issue Secondary Public Offerings for the state-run oil firms to bridge the fiscal gap.
He said that Pakistan had already started repaying to the International Monetary Fund (IMF) loan last month with a $399 million payment which will also affect the government efforts to keep budget deficit in control.
He further said that noting impossible for the government but it needed political will so in the case with budget deficit if government can take concrete measures budget deficit target may be achieved. – Online
11. 03. 12
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Clarification: NHA admits PEW reports
Financial matters of ministers, departments need attention of authorities
The Pakistan Economy Watch (PEW) on Sunday underlined the need for effective accountability apparatus in the country.
Financial matters of many ministries and departments needs urgent attention of the authorities to ensure proper utilisation of funds which will guarantee national development, it said.
Stories of corruption appearing in press, Auditor General’s reports and Transparency International Pakistan’s findings should not fall on deaf years, said Mirza Riaz, Secretary General of the PEW.
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09. 03. 12
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Controversial steps to scare away potential investors
In India CNG sold for Rs 35.45/kg, Rs 77.12 in Pakistan
The Pakistan Economy Watch (PEW) on Friday said government’s claim of an extra-ordinary 39 per cent hike in CNG consumption is arguable.
According to a CNG association, the consumption has witnessed a nominal growth of 0.4 per cent in 2011, it said.
How come CNG consumption increased when a good number of the filling stations remained closed for almost five months in 2011 due to load management, Dr. Murtaza Mughal, President PEW questioned.
Data regarding consumption should not be kept secret, it should be made public so that all stakeholders and masses know the facts, he demanded.
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05. 03. 12
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Unemployment, massive public protests feared
CJP asked to stop govt from usurping rights of masses
Masses, CNG, transport sector asked to resist unholy designs of rulers
The Pakistan Economy Watch (PEW) on Monday said government has decided to close CNG stations in Punjab indefinitely to please the fertiliser sector.
Unplanned measures of authorities will leave tens of thousands unemployed and ignite massive unrest, it said.
Chief Justice of the Supreme Court should take immediate notice of the illegal and unjustified decision to safeguard the basic right of the masses, said Dr. Murtaza Mughal, President PEW.
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02. 03. 12
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Economic revival linked to provision of human rights
Majority suffering from crisis of economic opportunity
HR advocates should strive to reshape economic thinking, practices
Influence of human rights, global economic disparities spreading side by side
The Pakistan Economy Watch (PEW) on Thursday said economic revival cannot become reality unless serious steps are taken to ensure protection of the human rights of the masses.
Economic rights of the commoners are being usurped while majority continue to suffer from crisis of economic opportunities that is threatening society, it said.
Unplanned response to the crisis related to economy, external challenges, law and order, food and fuel prices etc. are far from satisfactory which calls for an effective policy response, said Dr. Murtaza Mughal, President PEW.
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27. 02. 12
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Authorised women guarantee national development
PEW dissatisfied over women development initiatives
The Pakistan Economy Watch (PEW) on Sunday said empowered women make nations resilient nations and strong coming generations.
Studies show that all the members of a society are benefited when women are supported, it said.
Families are healthier, educated and balanced while productivity improves and incomes increase when women are given authority, said Dr. Murtaza Mughal, President PEW.
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18. 02. 12
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Pakistan business community should support war on blindness
Glowing tributes paid to founder of Al-Siifa Trust Gen. Jahan Dad Khan
Out of19 million visually impaired children only 1.4 million are irreversibly blind: Samina Fazil
Everyone has a basic right to sight: President PEW
Samina Fazil, founder President, Islamabad Women’s Chamber of Commerce and Industry (IWCCI) on Friday asked the business community to support those who have waged war on blindness.
Eradication of preventable blindness from Pakistan is a noble cause which merits attention of the private sector, she said.
90 per cent of the visually impaired live in developing countries out of which 80 per cent can be cured, said Samina Fazil.
Speaking at a condolence reference held on the first anniversary of Gen. Jahan Dad, founder of Al-Shifa Trust Eye Hospital, she said that 285 million people are visually impaired worldwide, 39 million are blind and 246 have low vision.
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18. 02. 12
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Agreements to bring stability, prosperity in the region
Iran, Afghanistan friends, allies and assets for Pakistan
Americans have no right to intervene in everything
Islamabad should also support separatist movements in US
The Pakistan Economy Watch (PEW) on Sunday lauded the government for hosting trilateral summit that will help bring three neighbours closer.
The move will help Pakistan, Afghanistan and Iran resolve many regional issues without interference of the west, it said.
All the countries are facing internal and external threats as well as economic problems which made them natural ally, said Dr. Murtaza Mughal, President PEW.
There is a growing realisation that the motives of Washington are the root cause behind instability in the region which calls for a united stance on the core issues, he said.
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15. 02. 12
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Festival threat to our traditional values, corrupting minds of youth
Un-Islamic festivals part of cultural war imposed on Muslims
Western holiday seen as cultural pollution, part of Western imperialism
The Pakistan Economy Watch (PEW) on Tuesday called for banning Saint Valentine’s Day celebrations in Pakistan terming it an immoral activity which promote social ills.
Asking someone to be their valentine will provoke the wrath of Allah as such a request would be idolatrous, it said.
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10. 02. 12
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Viability of virtual exhibitions should be explored
Economic significance of exhibitions going unnoticed
Application of technology in economy becomes increasingly evident
The Pakistan Economy Watch (PEW) on Friday said government should push the objective of building bridges among Pakistani and international business community by promoting commerce and trade through corporate exhibitions and conferences.
Amid deepening economic globalization trend, local business community is lacking greater emphasis on outreach through domestic and international trade fairs which is an obstacle in the national development, it said.
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07. 02. 12
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Obscene programmes, ads should not be tolerated in the name of entertainment
The Pakistan Economy Watch (PEW) on Monday said guardians of public morality are not discharging their duties to keep the society clean and positive.
Certain elements are flouting Islamic values openly which is destroying the moral fabric of society, it said.
It was difficult to find anything indecent in print and electronic media in 1990s; now it is hard to spot anything which isn’t against our values, said Dr. Murtaza Mughal, President PEW.
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04. 02. 12
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Pakistan Media Destructive Impact On Society Discussed
Pemra, other watchdogs not discharging duties: President PEW
The Pakistan Economy Watch (PEW) on Friday said apart from rulers, a good number of masses are equally responsible for the current economic mess.
Economic downturn reflects anger of Allah Almighty whose directives are being flouted openly in the society, Dr. Murtaza Mughal, President PEW.
Speaking at a seminar, he said that deceit and lying has become part of our daily lives while hypocrisy is considered a ladder to the success.
He said that it was difficult to find anything indecent in media in 1990s while now it is impossible to spot anything which isn’t against the public morality.
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30. 01. 12
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People losing interest, faith in government, stock business
Stock exchanges to become hub of money launderers, tax evaders
Enhanced money-laundering opportunities to bring a bad name to country
Role of a famous NRO banker is the Reshma Rental Power case remained unnoticed
International tax consultant and expert on studying international money laundering operations and drug economy, Dr Ikramul Haq, on Sunday said allowing injection of black money in the stock markets will not only facilitate money laundering but also have negative impact for much-needed revenue generation initiatives.
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24. 01. 12
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Islamabad—Independent economists have said that keeping in view the current economic situation of the country government is unlikely to achieve 4 per cent GDP growth rate during current financial year 2011-12.
Talking to Online on Sunday renowned economist Dr. Salman Shah said that if country’s agriculture sector performance remained good then GDP growth rate is expected around 3.5 per cent.
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23. 01. 12
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Islamic insurance penetration to ensure stability
The Pakistan Economy Watch (PEW) on Sunday said SECP’s move to push Sharia compliant risk coverage in Pakistan is to benefit millions.
The move may triple insurance density and penetration in which Pakistan ranks lowest in the region, it said.
Islamic insurance can benefit those who do not subscribe to the conventional insurance forbidden by the Sharia law, said Dr. Murtaza Mughal, President of the PEW.
Takaful, the Halal risk mitigation has been growing 15 per cent annually, however it grew 31 pc in 2011, he added.
Unlike conventional insurers who charge money to cover the risks, Takaful spread the risk and rewards among all participants, he informed.
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19. 01. 12
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Energy ministry aims contrary to national interests
The Pakistan Economy Watch (PEW) on Wednesday said masses are being misinformed on the issue of compressed natural gas (CNG) to benefit few influential.
Present CNG consumption in country is not more than 8 per cent but those who want to relieve masses of their hard-earned money have targeted it, it said.
Import of any alternative fuel will cost additional billions as far as modifications of vehicles, establishing new filling stations, industrial units for conversion and reconfiguration of while system is concerned, said Dr. Murtaza Mughal, President of the PEW.
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