16. 01. 12
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TAPI gas pipeline no alternative to Iranian gas
Karzai administration may fail to keep TAPI online
Local exploration, LNG import arrangements unsatisfactory
US, donors support to TAPI unhelpful in resolving Pakistan gas crisis
The Pakistan Economy Watch (PEW) on Sunday said Government has been wasting time on a costly and highly uncertain Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project while ignoring the only viable option of importing gas from Iran.
America is opposing Iran-Pakistan Gas Pipeline Project to counter Tehran’s influence while throwing full weight behind TAPI to benefit western multinational companies that enjoy control over Dauletabad gas reserves, it said.
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08. 01. 12
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Hitting masses for profit in biting weather cruelty
The Pakistan Economy Watch (PEW) on Sunday said recent hike in Liquefied Petroleum Gas (LPG) prices is unjust and against the interest of masses braving severe weather.
Decision of upward revision of LPG prices from Rs 80857 to Rs 92188 per tonne by Pakistan Petroleum Exploration and Production Companies Association (PPEPCA) cannot be justified as there is no indication of any cost increase in the production, it said.
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04. 01. 12
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Cash grant, power bill waiver can support cultivators
The Pakistan Economy Watch (PEW) on Tuesday said expected intervention of the government in the cotton market to stabilise prices will not benefit small growers but hoarders.
Planning Commission has already termed interference against the free market mechanism while Ministry of Finance has expressed its inability to provide funds to Trading Corporation for procurement.
The Prime Minister has not directed the TCP to buy cotton but asked for a detailed report after which different ministries are preparing a paper to be presented in the Economic Coordination Council on Jan 05, said Dr. Murtaza Mughal, President of the PEW.
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01. 01. 12
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PEW paints gloomy picture of 2012
Economic reforms to remain a far cry
No plans to put economy back on track
The Pakistan Economy Watch (PEW) on Sunday said the New Year will bring more pains to the dejected masses.
There are slim chances of economic recovery in 2012 as government will continue to divert all energies to the on-going political struggle, it said.
The rulers are just interested in securing themselves and gaining political mileage; they lack will to take concrete policy actions, said Dr. Murtaza Mughal, President of the PEW.
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30. 12. 11
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EC decision distresses overseas Pakistanis
The Pakistan Economy Watch (PEW) on Thursday said Pakistanis working abroad have a critical role in the economic development of the country therefore they should be encouraged.
Remittances support millions of needy, reduce poverty and inequality and help government counter impact of dwindling foreign capital inflows, it said.
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30. 12. 11
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28. 12. 11
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Govt delaying gas import to please US
India cannot ignore nearest gas reserves
PTI asked to keep energy top priority
The Pakistan Economy Watch (PEW) on Tuesday said government has been purposely delaying import of Iranian gas to please America which is damaging Pakistan’s economy.
Pleasing US on the cost of country is unfortunate; it suggests that government is dominated by incompetent and apathetic officials, it said.
Pakistan cannot secure its future without Iranian gas, said Dr. Murtaza Mughal, President of the PEW.
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26. 12. 11
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Oil tankers stranded at borders are live bombs
Ports, border points becoming storage and parking areas
Congestion hurting trade between Pakistan and Afghanistan
The Pakistan Economy Watch (PEW) on Sunday demanded steps to avoid losses to the economy after suspension of the NATO supplies.
Government should continue to cut vital supply line but chalk out a plan to keep economy clear of any negative impact, said Dr. Murtaza Mughal, President of the PEW.
Talking to leading transporters including VP, ICCI Shahid Zaman Shinwari, he said that the Nov 26 decision to cut NATO supplies has resulted in clogging at seaports.
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19. 12. 11
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Donors consider such schemes ineffective, against market norms
Steps demanded to reduce failures in poverty alleviation measures
The Pakistan Economy Watch (PEW) on Sunday said the much-publicised Yellow Cab Scheme is not coming up to the expectations due to mismanagement.
The scheme was launched on 14th of July 2011 with plan to distribute 2500 vehicles every month for eight months for the elimination of poverty and unemployment, it said.
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14. 12. 11
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The Pakistan Economy Watch (PEW) on Wednesday asked Pakistan Tehreek-e-Insaf (PTI) Chief Imran Khan to ensure transparency in utilisation of fund.
Funds collected for welfare projects and those raised for party should not be mixed to ensure transparency and avoid accusations as well as any possible legal problem, it said.
Any financial scandal will have a very negative impact on the on-going welfare projects, PTI and personality of Imran, said Dr. Murtaza Mughal, President of the Pakistan Economy Watch (PEW).
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05. 12. 11
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The Pakistan Economy Watch (PEW) on Sunday said MFN status to India will damage local value-added sector which is providing jobs to millions and contributing more than any sector to the export earnings.
Rising input costs, burden of taxes, infrastructure issues, lack of enabling rules and regulations, deteriorating law and order situation and extortion has increased cost of doing business substantially, it said.
Our production is restricted, exports are shrinking and we stands at disadvantage as far as economy of scale and government’s support is concerned, said Dr. Murtaza Mughal, President of the Pakistan Economy Watch (PEW).
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02. 12. 11
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Input costs differential, size of industry puts Pakistan at disadvantage
Value-added exports declining, export of raw material in full swing
JVs with foreign apparel makers, introduction of latest tech imperative
Leaders of the garments and home textile industry on Friday said granting MFN status to India will eliminate value-added sector which is providing jobs to millions and contributing more than any commercial part of the economy to the export earnings.
Rising input costs, burden of taxes, size of industry, infrastructure, rules and regulations and law and order situation and extortion has increased cost of doing business substantially, they said.
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29. 11. 11
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ISLAMABAD: While criticizing economic policies of the country, the Pakistan Economy Watch (PEW) has said that incompetent economic managers have taken country on the verge of destruction.
While talking to Online on Sunday the Pakistan Economy Watch president Dr.Murtaza Mughal said that economy of the country was going down after every passing day which is needed urgent decisive actions.
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28. 11. 11
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The Pakistan Economy Watch (PEW) on Sunday lauded government for not bowing to the pressure of the influential Gilgit-Baltistan oil mafia.
The government known for bowing to pressure to different interest groups and market forces took a firm stand to confront the oil mafia which had planned to achieve goals by creating artificial shortage of oil in Gilgit-Baltistan (GB).
The powerful mafia that has embezzled billions by misusing petroleum freight subsidy since a decade was brought to lime light in January this year in a PEW report.
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18. 11. 11
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Business community worried over New Delhi’s history of broken promises
Indian cooperation should not remain confined to statements only
The Pakistan Economy Watch (PEW) on Thursday said MNF status to India should benefit both countries. It should not damage Pakistan’s industrial sector to boost Indian economy and influence.
All stakeholders including network of 50 chambers and 128 associations affiliated with the FPCCI should be involved before including more items in the positive list to save domestic industry, it said.
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16. 11. 11
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Neighbours world’s poorest performer in intra-regional trade
Trade only recipe for mutual growth, poverty reduction
The Pakistan Economy Watch (PEW) on Tuesday said after getting MFN status, India should no more remain highest uncertain destination for Pakistani businessmen.
New Delhi needs to alter perception and lift trade barriers otherwise all efforts to ensure peace and prosperity through enhanced trade will remain counterproductive, it said.
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13. 11. 11
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The Pakistan Economy Watch (PEW) on Sunday said availabilityof cheap credit can accelerate development of agricultural sector and ensurefood security.
Getting finances through informal as well as formal sourcesis a worldwide phenomenon in the rural areas but many nations are trying tofacilitate farmers through cheap credit to improve their standard of living, itsaid.
However, Pakistan lags behind as farming communities stillprefer informal financial sources to formal financial markets to obtain loansthat are costly but easily accessible, said Dr. Murtaza Mughal, President ofthe PEW.
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10. 11. 11
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Efficient transport system to enhance regional connectivity, revenues
Web of links tohelp Pak integrate better with regional markets
The Pakistan Economy Watch (PEW) on Wednesday saiddeterioration of railways is a threat to the trade which should be tackledimmediately.
Weak, unreliable, and outdated railways can be privatised toimprove its performance while the trucking sector, which is responsible for 96per cent of the total trade goods transport should be modernised, it said.
Reduced allocations and internal inefficiencies has reduced thepassenger share of railways from 41per cent to 8 per cent while freight sharehas dropped from 73 per cent to 4 per cent, said Dr. Murtaza Mughal, Presidentof the PEW.
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06. 11. 11
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Bringing alternative medicine into mainstream to help majority
Traditional sector significantly contributing towards promoting health
Alternatives have medical, economic implications, global herbal sale exceeds $ 50b
The Pakistan Economy Watch (PEW) on Saturday said bringing alternative system of medicine into the mainstream can help reduce healthcare costs and make government’s goal of health for all a reality.
Despite tremendous advancements in modern medicine, around 75 per cent of the developing world and 50 per cent of the western population prefer alternative medicines.
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04. 11. 11
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Authorities shouldnt tax patience of masses
The Pakistan Economy Watch (PEW) on Thursday said Federal Board of Revenue (FBR) needs to win confidence of taxpayers to overcome image problem and overcome menace of low revenue collection.
The public image of apex tax authority remains fragile as majority of taxpayers see it with suspicion, it said.
Allegations of lack of integrity, wastage of funds, misrepresentation, inefficiency, indiscipline and arrogance has created a gulf between tax collectors and taxpayers that need to be bridged through serious efforts, said Fahim Talib Butt, Vice President Legal Affairs of the PEW.
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30. 10. 11
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Energy security steps aimed at personal welfare
Chief Justice asked to save masses from LPG mafia in winter
The Pakistan Economy Watch (PEW) on Sunday said that government has decided to dump plans to import gas from Iran to combat severe energy crunch in country.
The decision will not be announced to avoid hue and cry over it and prevent questions regarding spending billions on the project, it said.
Government has planned to reduce the gap by using Liquefied Petroleum Gas (LPG) which has raised some serious questions, said Dr. Murtaza Mughal, President of the PEW.
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25. 10. 11
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The Pakistan Economy Watch (PEW) on Sunday asked the rice exporters to use proper packing material in order to avoid US restrictions.
Local exporters having market in around 110 countries should use new jute bags for packing to stay clear from any punishment, it said.
Many exporters utilize used gunny bags bought from different flourmills containing pests that is causing concerns in the US, said Dr. Murtaza Mughal, President of the PEW.
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19. 10. 11
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Role of commercial, industrial initiatives limited to earn profit for banks
Economy shouldn’t be scarified for bonanza of depository institutions
Women entrepreneurs on Wednesday called upon the authorities to rationalise the interest rate spread to revive ailing economy.
Interest rate spread, which is 100 per cent above the normal level, is good for banks only while it is disastrous for economy, said Samina Fazil, founder President Islamabad Women Chambers of Commerce and Industry (IWCCI).
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17. 10. 11
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Best practises suggested for achieving energy efficiency
ECMs announced by Government have failed earlier, revisit needed
Central Chairman of the All Pakistan Textile Mills Association (APTMA) Mohsin Aziz on Sunday said increase in the electricity charges will leave labour-intensive textile industry uncompetitive.
Negative industrial growth will result in reduced output, missed export and revenue collection targets and monumental unemployment, he warned.
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15. 10. 11
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Resurfacing of extortion gangs to jeopardise peace, economy
Bhatta collection which has remained part of the culture of Karachi since decades has largely been controlled providing some peace of mind to the business community, a leading businessman said.
The practice of visiting businessmen for extortion has been arrested after the action by law enforcing agencies which has improved the overall environment, said Suhail Tabba, Chief Executive of Lucky Energy.
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11. 10. 11
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Central Chairman All Pakistan Textile Mills Association (APTMA) Mohsin Aziz has said that Tajikistan has the capacity to help us overcome many problems faced by the Pakistani spinning, weaving and knitting industries.
Pakistan and Tajikistan enjoy excellent relations in areas of trade, economy, defence, education, investment, energy and human resource development and our visit will help cement times and augment trade, he said.
Mohsin Aziz said this while talking to Dr. Murtaza Mughal, President of the Pakistan Economy Watch before leaving for Dushanbe on the special invitation of President of Tajikistan.
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10. 10. 11
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Power price hike to hit SBP efforts
The Pakistan Economy Watch (PEW) on Sunday lauded the decision of State bank of Pakistan (SBP) to cut policy rate by 1.5 percentage points to prop up growth.
The decision is surprising but pleasing, it will trigger expansion plans and buoy up stock market, it said.
Government should not use the development to seek cheap credit which has already harmed growth of the productive sector, said Dr. Murtaza Mughal, President of the Pakistan Economy Watch.
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04. 10. 11
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Energy should not be used as a political tool
Rulers unconcerned about economic stability
Shahzab’s statement about President not treason
The Pakistan Economy Watch (PEW) on Tuesday said energy crisis, which has sparked protests and riots, has potential to become a countrywide movement.
Such a mass movement, supported by worsening situation and apathy of rulers can send the incompetent government packing, it said.
Masses are business community are not ready to bear punishment anymore which is result of incompetency of concerned officials and politicians, said Dr. Murtaza Mughal, President of the Pakistan Economy Watch.
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02. 10. 11
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The Pakistan Economy Watch (PEW) on Sunday said that existing income tax laws have failed to deliver therefore country needs new and simple income tax law that is easily comprehensible, business friendly, fair and acceptable to all the stakeholders.
The time-tested, well-settled and easily understandable Income Tax Ordinance, 1979, was replaced by complex Income Tax Ordinance, 2001 which was drafted by a foreign expert who was not well aware of the ground realities, it said.
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27. 09. 11
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Aggression to devastate limping American Economy
Those advocating attack on Pakistan are playing with fire
Pakistan needs a ruthless civilian administrator: Gen Chishti
Members of armed forces should have right to appeal: Ex-Servicemen
The Pakistan Economy Watch (PEW) on Monday said a US attack on Pakistan would be a mistake as our country is not as weak as Iraq and Afghanistan and it will not offer easy victories to an over-stretched and dejected army.
Lashing out at old ally Pakistan is a known American style to blame others for its humiliating failures, it said.
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23. 09. 11
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Peace Parliament Pakistan observes World Peace Day
Relationship between governance and poverty is evident: Zaki
Empowering Saarc to empower Pakistan, save us from int’l shocks
Dr. Murtaza Mughal, President of the Pakistan Economy Watch has said that peace is prerequisite for the economic development of the country.
Goal of prosperity cannot be achieved without curbing violence in all parts of Pakistan without being negatively influenced by political considerations, he said while speaking to civil society assembled outside the Parliament House Islamabad to commemorate the International Day of Peace.
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19. 09. 11
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US policy of suppressing gold prices to boost dollar failing: Dr. Mughal
Dollar hike in Pak temporary
Senator Akram Zaki has on Sunday said Chinese cooperation with Pakistan has reached economic high points but people are not aware of it to the full.
He said that Beijing’s assistance in the time of disasters has won hearts and minds of Pakistanis who consider Chinese their brethren.
China, a counterweight to Indian influence, is the most trusted ally that is eagerly trying to make our country self-reliant, he said.
Speaking at a seminar organised by Bedari-e-Fikr Forum, the former Secretary General Foreign Affairs said that Pakistan has served as China’s main bridge between Muslim countries and bridged the communication gap between China and the west.
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17. 09. 11
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امریکی حکمرانوں نے دنیا کی سب سے طاقتور معیشت کو بھکاری بنا ڈالا
طالبان اورالقائدہ کے بجائے اپنا ملک تباہ کر ڈالا، قرضوں پر گزارہ
درجہ بندی گر گئی، غربت عام، اخلاقی اور عالمی برتری خواب بن گئی
اسلام آباد پاکستان اکانومی واچ کے صدر ڈاکٹر مرتضیٰ مغل نے کہا ہے کہ ورلڈ ٹریڈ سینٹر ر حملہ بعد سے جاری امریکی پالیسیوں نے دنیا کے سب سے با اثر ملک اورسب سے طاقتور معیشت کو بھکاری بنا دیاہے۔ طالبان اورالقائدہ کو صفحہ ہستی سے مٹانے کے عزم کا اظہار کرنے والوں نے اپناہی ملک تباہ کر ڈالا۔
دنیا میں سب سے زیادہ قرضے دینے والا ملک سے سے بڑا قرض دار بن گیا ہے۔ امریکہ کی درجہ بندی گر گئی ہے، غربت نے ڈیرے ڈال رکھے ہیں، مڈل کلاس ختم ہو رہی ہے اوراس ملک کی
اخلاقی اور عالمی برتری خواب بن کر رہ گئی ہے اور تقریباً ہر امریکی حکومت سے نالاں اور مستقبل کے بارے میں اندیشوں کا شکار ہے۔
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17. 09. 11
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ISLAMABAD: Role of women in the economic development of Pakistan should be acknowledged and supported by government as well as business community, a leading businessman said Friday.
Pakistan cannot progress as far as we understand the importance of the women is development and provide them equal opportunities so that they can prosper, said Mian Shahid.
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13. 09. 11
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Qabza groups holding many business chambers as hostage
The Pakistan Economy Watch (PEW) on Monday said introduction of democracy is must in business chambers for the development of economy and true representation of the business community.
Many chambers of commerce and industry (CCIs) have lost their effectiveness to families, lobbies and groups that have taken over these bodies since long, it said.
Rules and regulations are frequently been ignored in many chambers of commerce for personal gains which is impeding economic growth and triggering unrest among business community, said Dr. Murtaza Mughal, President of the Pakistan Economy Watch.
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12. 09. 11
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Pakistan textile relocation result of disabling policies
80 countries enjoying free market access except Pak
Largest urban employment provider losing charm
The Pakistan Economy Watch (PEW) on Sunday said investors are losing interest in the textile sector which is largest foreign exchange earner and biggest urban employment provider of the country.
The situation need urgent attention of the authorities as the recent developments can cast a negative shadow on the economic future of Pakistan, it said.
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05. 09. 11
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Websites offering free SMS service should be blocked
The Pakistan Economy Watch (PEW) on Sunday underlined the need for introducing ethics for wireless marketing.
Mobile marketing is a powerful marketing tool which promises vast opportunities as it help individuals and companies to establish direct communication with millions of customers through digital phones anytime, anywhere, it said.
Short Message Services (SMS), an instant communication medium, is now a phenomenon that has grown and spread at an amazing speed, said Dr. Murtaza Mughal, President Pakistan Economy Watch.
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05. 09. 11
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Amnesty schemes shattering faith in honest labour, wakening country
Supreme Court asked to probed money parked in tax heavens
Civil society should push govt to recover lost revenue
The Pakistan Economy Watch (PEW) on Saturday said tax amnesty schemes are not adding significantly to g3overnment coffers but encouraging big-time tax evaders and their helpers.
Idea behind such schemes is to unearth huge amounts of undeclared money but it has become controversial, questionable and useless, it said.
Schemes aimed at retrieving the lost revenue exempts offenders from punishment and help those who assist wealthy hide their taxable income, said Dr. Murtaza Mughal, President PEW.
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05. 09. 11
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FPCCI’s Fazal Elahi, Chadda, and IWCCI’s Samina back move
Business community has supported the proposal of Water and Power Ministry to give control of some power generation companies to private sector for a specified time in a bid to transform them into profit making entities.
The suggestion is very positive and according to the wishes of private sector which has repeatedly claimed ability to transform inefficient public sector organisations into profit making entities, said Mian Shahid which speaking at a forum held at The Pakistan Economy Watch (PEW).
Giving operational and maintenance control of four power generation companies (Gencos) to private sector for a period of 10 years may prove a turning point, he said adding that it will be a test of the skills of private sector.
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05. 09. 11
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US offered alternative energy resources impractical
The Pakistan Economy Watch (PEW) on Saturday said Chinese companies should help Pakistan complete $1.3 billion Iran gas pipeline project.
Government is desperately looking foreign funds to complete peace pipeline project but American opposition is keeping major donors away, it said.
Gas shortages has not only arresting economic growth but has also affected almost all walks of live which can be resolved through proper financing, said Dr. Murtaza Mughal, President PEW.
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29. 08. 11
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Financial system, private sector and agriculture under serious threat
The Pakistan Economy Watch (PEW) on Sunday said growing non-performing loans (NPLs) has become a threat for financial system which should be taken as a challenge by monetary authorities.
NPLs continue to grow since few years and now they have toughed unprecedented level of Rs 594.5 billion which should be a source of distress for the economic managers trying to bring economy back on track, it said.
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23. 08. 11
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روزنامہ جنگ لاہور اور مجلس وحدتِ مسلمین کے زیر اہتمام منعقدہ جشن نزول قرآن کانفرنس کیلئے لکھی گئی ڈاکٹرمرتضیٰ مغل کی خصوصی تحریر
ظلم….قرآن اور اَمن
اسلام تو آیا ہی امن قائم کرنے کے لئے ہے۔ جو شخص‘گروہ ‘ ملک اور قوم ظلم کرے وہ ظالم ہے اور قرآن اورا سلام میں ظالم کے لئے انتہائی بلیغ اصطلاح ”باطل“ استعمال کی گئی ہے۔”جاءالحق وذحق الباطل“ کی نویدسناتے وقت قرآن نے مسلمانوں کو یہی درس دیا ہے کہ تم باطل کیخلاف دل ‘زبان اور ہاتھ سے جہاد کرو اور اللہ تعالیٰ کی نصرت تمہیں نصیب
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