Click here to View Printed Statements PRCS on way to achieve self-sufficiency: Chairman Dr Saeed Elahi PRCS asked to enhance its scope of activitis: Dr. Murtaza Mughal
The Pakistan Red Crescent Society (PRCS) on Monday said it has decided to pay special attention to volunteerism to increase the number of volunteers to five million by the next year.
Helping humanity is a noble endeavour and all those engaged in it deserve to be commended for their selfless community services, said PRCS Chairman Dr Saeed Elahi.
Talking to Dr. Murtaza Mughal, President of the Pakistan Economy Watch, he said that we have decided to unleash power of volunteerism to help humankind during natural and man-made disasters.
Dr Saeed Elahi, who has also served as health minister Punjab said that formulating a motivated and committed human capital so that they can make a difference in someone’s life.
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The Pakistan Economy Watch (PEW) on Sunday said taxation measures expected to be introduced in the upcoming budget will add to prevalent poverty in the country.
There would be no significant growth in the GDP due to depressed economic situation as authorities continue to focus on short term measures ignoring long-term strategies, it said.
The budget of the fiscal year 2014-15 will be focused on mobilising revenue from the existing taxpayers with little effort to broaden the shrinking tax base, said Dr. Murtaza Mughal, President PEW.
Salaried class and corporate entities would be forced to pay additional Rs 250 billion to reduce the deficit as government would continue to prefer indirect taxation which is around 61 per cent of the whole collection, he said.
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Member National Assembly Qaiser Ahmed Sheikh has said government will fulfil its agenda of economic reforms by the next fiscal to unleash an era of stability and prosperity.
He said that growth rate would be over five percent while the budget deficit would be below five percent which would be materialised through broadening of tax net and reducing unnecessary expenditures.
Talking to Dr. Murtaza Mughal, President of the Pakistan Economy Watch, he said that government is serious about reforms so that it can augment income to be used for development.
Sheikh, who is also former president of KCCI, said that tax collection target has been set at 2.8 trillion which would be realised to reduce dependence on loans and grants.
Click here to View Printed Statements Kashmiri hydro potential can bridge power deficit
The Pakistan Economy Watch (PEW) on Sunday said lack of funding has reduced speed of development in Azad Jammu Kashmir.
Almost all the sectors including health, education, infrastructure, tourism and industries continue to struggle which has added to unemployment and other issues, said Dr. Murtaza Mughal, President PEW.
Talking to Arif Mughal, Advisor on Information to the Prime Minister of AJK, he said that the privilege of getting quality education outside AJK is limited while those from the lower-middle class and poor families have little options.
Dr. Murtaza Mughal said that there is over 8,000MW of hydro potential in AJK which is more than the entire national power deficit.
He asked the authorities to use this clean source of electricity which will save billions of dollars in our staggering oil import bill.
Click here to View Printed Statements Govt cautioned over trade with India Pakistan’s key economic sectors unprepared for competition with India
The Pakistan Economy Watch (PEW) while lauding the government’s decision to delay granting MFN status to India asked the policymakers to ensure level playing field to local industrial and agricultural sectors.
Textile industry is the main foreign exchange earner for Pakistan but the sector has
been unable to make inroads into the Indian market due to barriers, said Dr. Murtaza Mughal, President PEW.
Speaking to a pre-budget seminar at Institute of Policy Studies (IPS), he said that massive subsidies, interventions, and support available to the Indian cotton and textile sector against Pakistan will put us on great disadvantage if bilateral trade is liberalised.
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The Pakistan Economy Watch (PEW) on Sunday asked the Khyber Pakhtunkhwa government to revisit recently imposed Cargo tax as it is hampering economic activities in the underdeveloped and militancy-hit province.
Revival and promotion of the Industrial sector and promotion of economic activities in the Khyber Pakhtunkhwa are linked to the provision of an enabling environment, said Dr. Murtaza Mughal, President PEW.
Talking to a group of industrialists and exporters from Khyber Pakhtunkhwa, he said that industrial sector holds the key to augment income of the provincial government, reduce unemployment and combat radicalism therefore it must be supported.
He demanded of the provincial government to revisit recently-imposed one per cent Cargo Tax and proposed to levy it only on the ISAF Cargo. read more…
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Enemies want powerless Army, ISI to transform Pakistan into a satellite state
The Pakistan Economy Watch (PEW) on Tuesday said attack on an anchor is the beginning of a devastating conspiracy to transform Army and Inter Services Intelligence (ISI) into ineffective institutions.
An international conspiracy has been hatched against institutions promising sovereignty of Pakistan to transform it into a fragile satellite state, said Dr. Murtaza Mughal, President PEW.
The situation may result in a constitution amendment to limit budget of Army, bring nuclear assets into international control and relieve the ISI of some if its important responsibilities which will be unfortunate, he said.
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CPP inflicts loss of over Rs 400 billion in six years: PEW
The Pakistan Economy Watch (PEW) on Monday criticised the proposal to shut down CNG filling stations in Punjab for two months to provide additional natural gas to power houses.
Terming the move as anti-masses, it said that captive power plants (CPPs) that have inflicted a loss of over Rs 400 billion on country in the last six years should be closed to reduce load shedding.
Discontinuing gas supply to unproductive CPPs and provision to gas to efficient power plants will boost power production by 500 MW reducing the intensity of energy crisis to benefit masses, industry, fertiliser sector and masses, said Dr. Murtaza Mughal, President PEW.
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Vice President of the FPCCI Munawar Mughal has lauded the services of Pakistan Economy Watch (PEW) in the development of the country.
Praising the services of PEW, he asked Dr. Murtaza Mughal, President of the PEW to keep serving the country while educating masses.
Munawar Mughal said this while talking to Dr. Murtaza Mughal, SVP ICCI Khalid Chaudhry and Chairman Media FPCCI Malik Sohail were also present on the occasion.
The VP of FPCCI said that importance of independent opinion and unbiased comments over various issues cannot be undermined as it plays a vital role in the overall development.
Such bodies also keep an eye on the public office holders and bureaucracy which is known for decisions which are not happily acknowledged by masses.
He asked the economic experts to assist the government and the business community through workable proposals so that system could be improved which is imperative for economic development.
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ISLAMABAD : Pakistan Economy Watch (PEW) on Friday assailed double standards of tax authorities for penalizing business community of federal capital while sparing the traders of Rawalpindi and other cities.
After failing to achieve targets, FBR has started pursuing its tested policy of ignoring tax evaders while squeezing taxpayers and it has started harassing the business community of Islamabad.
PEW chief Dr Murtaza Mughal said that over a dozen popular outlets had been raided with the help of police to confiscate record and computers and cases registered against their owners for dodging tax.
Interestingly, no action has been taken against any trader in Rawalpindi, or any other city of country which reflects mal-intentions of the tax collectors, he noted.
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The Pakistan Economy Watch (PEW) on Tuesday said bureaucracy has frustrated the plan of the federal government to provide relief to masses by providing CNG seven days a week.
The petroleum ministry tried to fulfil the pre-poll promise of the PML-N to end queues at the CNG filling stations by introducing a new schedule to provide CNG for seven days a week to the masses.
However, the decision hadn’t gone down well with the bureaucracy and the SNGPL reduced pressure of the natural gas being provided to the CNG station to an extent that the outlets could hardly operate, said Dr. Murtaza Mughal, President PEW.
The move has resulted in long queues at all the CNG outlets hindering traffic and wasting precious time of the motorists, he said.
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The Pakistan Economy Watch (PEW) on Sunday said government policies would further strengthen rupee and stabilise the economy while dollar will witness additional retreats.
The confidence of local and foreign investors has been steadily increasing which will result in around 13 billion of forex reserves by the yearend, it said.
Manufacturing, construction and remittances are picking up while the stock market is getting better reflecting sentiments of the investors, said Dr. Murtaza Mughal, President PEW.
He said that pace of economic development is linked to the pace of reduction in terrorism, energy scarcity and illiteracy.
Successful foray back into the international bond market after a gap of seven years and over subscription is proved that international investors have pinned high hopes in the future of Pakistan, he said.
Click here to View Printed Statements Confrontation detrimental for stabilising economy Justice must be seen to be done during Musharraf’s trial Injustice may pave way for unexpected military intervention
The Pakistan Economy Watch (PEW) on Wednesday said timely statement of Chief of Army Staff General Raheel Sharif in the prevailing complex and challenging environment has boosted morale of Army.
Confrontation between important institutions is detrimental for country and economy which has been stabilising after decades, said Dr. Murtaza Mughal, President PEW.
In a statement issued here today, he said that former President Musharraf must be tried for violating the constitution but justice must not only be done, but must be seen to be done.
Dr. Murtaza Mughal said that injustice may pave way for the possible intervention by the army, which would hurt the development of democracy and civilian rule in Pkaistan.
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Governor of Punjab Chaudhry Muhammad Sarwar has awarded Pakistan Economy Watch (PEW) with best achievements award for its services in the field of economy and promoting Islamic Economic Model in Pakistan.
The award was received by Dr. Murtaza Mughal, President PEW in a ceremony held at Governor House Lahore.
Governor Punjab Chaudhry Muhammad Sarwar lauded the services of PEW and asked Dr. Murtaza Mughal to keep serving the country while educating masses.
He also asked the business community and economists to assist the government through concrete proposals on economic matters and taxation etc. so that system could be improved which is imperative for economic development.
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ISLAMABAD: The Pakistan Economy Watch (PEW) on Friday said Pakistan’s meat processing sector offers good return therefore local and foreign investors should consider investment in it. Argentine, one of the largest meat exporters, is ready to upgrade Pakistan’s meat processing industry which has a great potential, it said.
Pakistan can figure prominently on the expanding global halal market with little effort in the right direction, said Dr. Murtaza Mughal, President PEW.
A high-powered delegation from Argentine is expected to reach Pakistan soon to study the meat processing sector, he informed.
Dr. Murtaza Mughal said that around 35 million people raise livestock that contributes over 50 per cent of agriculture value-addition and over 11 per cent to the GDP which is far below than the actual potential. Demand for meat has been increasing due to population growth, urbanisation and rising income but productivity has remained sluggish, he said.
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Conspiracy to divide army fizzled out
The Pakistan Economy Watch (PEW) on Wednesday said Saudi gift of $1.5 billion is an unconditional grant which has helped cash-strapped Pakistani government stabilise economy.
Pakistan and Saudi Arabia have warm ties since long but the gift ignited immediate concern among opposition politicians, local and foreign journalists, and some security experts which are baseless, said Dr. Murtaza Mughal, President PEW.
He said that Saudi gift has stabilised currency, reduced inflation, condensed debt burden and improved forex reserves but it perturbed many ill-informed circles.
Dr. Murtaza Mughal said that many opposition leaders were also influenced by the conspiracy theories and started attacking government while raising questions without bothering to find reason behind the Saudi move.
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Steps demanded to improve food security in country
The Pakistan Economy Watch (PEW) on Monday said India remains the biggest threat to Pakistan’s food security situation.
Almost sixty per cent of Pakistanis are facing food insecurity among which majority are women and children confronting hunger due to India’s water terrorism, it said.
Policymakers to chart out a wide-ranging food security plan to tackle widespread poverty, increase yield and foil Indian efforts to make Pakistan a desert by building controversial dams, said Dr. Murtaza Mughal, President PEW.
He said that some of the so-called nationalist politicians continue to oppose construction of mega dams to help New Delhi fulfil her unholy designs against Pakistan.
Dr. Murtaza Mughal said that the performance of agricultural sector is not satisfactory,
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Water scarcity to make Pakistan a failed state in a decade
India wants free trade and transformation of Pakistan into a desert
The Pakistan Economy Watch (PEW) on Sunday said water scarcity is to transform Pakistan into a totally failed state within a decade.
War between Pakistan and India on the issue of water resources seems inevitable as serious efforts by Islamabad to increase trade between the two countries has not helped New Delhi to change its policy of water aggression, said Dr. Murtaza Mughal, President PEW.
Speaking at a seminar on World Water Day, he said that according Most Favoured Nation status to India may not change its decades-old policy to make Pakistan infertile.
The issue of water aggression cannot be resolved through enhanced trade or negotiations as India may not like to settle the dispute except a full scale armed conflict with global implications, he observed.
Click here to View Printed Statements Costly credit to hinder benefits of GSP Plus
The Pakistan Economy Watch (PEW) on Wednesday said State Bank’s monetary policy has disputed recent economic successes of the government.
Government, masses and the business community has been celebrating the fall or dollar against local currency while the SBP’s policymakers have indicated it insufficient to cut key policy rates, said Dr. Murtaza Mughal, President PEW.
He said that the central bank’s pessimism will have a negative impact on the sentiments of the business community and the overall investment climate.
How can exporters benefit from trade relaxations of the European Union if they cannot get cheap credit from the banks, he questioned, adding that reduced exports will have a negative impact on efforts to reduce trade deficit.
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The Pakistan Economy Watch (PEW) on Tuesday asked National Electric Power Regulatory Authority (NEPRA) to resolve the tariff issue of power co-generation pending since 2009 to reduce the intensity of energy crisis.
Nepra has not been allowing sugar mills produce electricity through co-generation which is taking toll on the limping economy, it said.
Sugar millers have been trying since five years to get upfront tariff of 11 cents per unit approved so that they can start power production using bagasse and coal, said Dr. Murtaza Mughal, President PEW.
Removing bureaucratic hurdles would pave way for the resolution of energy crisis as sugar industry has great potential for power generation which will reduce unemployment and trigger new investments, he observed.
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The Pakistan Economy Watch (PEW) on Monday said the National Electric Power Regulatory Authority (NEPRA) is not allowing sugar mills produce 2000 mw of electricity through co-generation since five years.
An urgent decision is needed as delay on the part of regulators of electricity in the energy starved notion is taking toll on the limping economy, it said.
Sugar millers have been trying since 2009 to get upfront tariff of 11 cents per unit approved so that they can start producing electricity by using bagasse and coal, said Dr. Murtaza Mughal, President PEW.
He said this while talking to a group of industrialists led by Iskandar Muhammad Khan, former president Pakistan Sugar Mills Association (PSMA).
Dr. Murtaza Mughal said that in 2009 the government approved 19 cents tariff for rental power plants and 14 cents tariff for IPPs but refused to allow sugar millers tariff of 11 cents despite the fact that co-generation would have no impact on forex reserves as no imports were involved.
Click here to View Printed Statements Study on impact of Thar tragedy on progress of coal reserves demanded
The Pakistan Economy Watch (PEW) on Sunday demanded a detailed study on the impact of recent Thar tragedy on the development of coal reserves worth 25 trillion dollars.
Situation in Thar should be watched closely and kept normal for smooth flow of the projects that have potential to save Pakistan, it said.
Thar coal can change the fate of Pakistan if utilized in a proper way. It can save oil import bill, reduce unemployment and help strengthen economy, rupee and forex stocks, said Dr. Murtaza Mughal, President PEW.
He said that PEW in 2008 pointed out that 185 billion tonnes of coal worth 25 trillion dollars can not only cater for electricity requirements of whole country for centuries but also save billions dollars in staggering oil import bill.
Click here to View Printed Statements SMEs remain most important and most neglected sector
The Pakistan Economy Watch (PEW) on Saturday facilitated national business leader SM Muneer on his appointment as CEO of the Trade Development Authority of Pakistan (TDAP).
The appointment of seasoned business leader on the important slot reflects government’s confidence in his person and the business community which is driver of the economic growth, it said.
SM Muneer should prioritise eradication of corruption in the TDAP so that this institution can play its role in the national development by earning foreign exchange for Pakistan, said Dr. Murtaza Mughal, President PEW.
He said that three weeks back Federal Minister for Commerce Engr. Khurram Dastagir Khan had announced that Government has planned to restructure TDAP to project Pakistani goods in regional and international markets.
Click here to View Printed Statements Acute water scarcity to cause massive unrest PM, CM Punjab asked to save Pindiites from starvation
The Pakistan Economy Watch (PEW) on Friday expressed fears of Thar-like drought situation in the Rawalpindi within next few years.
Availability of water which is essential to all forms of life will be reduced dramatically within years in the city and cantonment areas of Rawalpindi, which would be worse than the ongoing energy crisis, it said.
Realising the threat, Japan International Cooperation Agency (JICA) asked the Punjab Government to construct a dam on Soan River at Daducha which will provide 25 million gallon water to the city daily for next 50 years, said Dr. Murtaza Mughal, President PEW.
JICA said that Rawal Dam is to complete its expected life soon while the requirement of Rawalpindi is expected to touch 80 million gallon per day in the next twenty years therefore a dam on best available location of Daducha should be constructed immediately.
Click here to View Printed Statements Strengthening rupee to improve overall economic situation
The Pakistan Economy Watch (PEW) on Wednesday said continued retreat of the US dollar is one of the great achievements of the government which will help stabilise economy, tame inflation and restore investor’s confidence.
The rising rupee will further push the US dollar down to set new records but stabilising exchange rate which has remained volatile since long will be a test for the economic managers, said Dr. Murtaza Mughal, President PEW.
It appears that the finance minister who recently claimed to bring dollar back at Rs98 is fulfilling his commitment which will cut oil import bill, bring down prices of imported commodities and have a positive impact on every person in Pakistan.
Dr. Murtaza Mughal attributed the strength of rupee to excess supply, ban on gold import since January, encouraging IMF reports, Chinese decision to invest billions in Pakistan, award of GSP plus, expected sale of next generation telecom licences, positive interference by SBP and 11 per cent hike in remittances.
Click here to View Printed Statements Equal treatment to honest consumers, thieves unacceptable The Pakistan Economy Watch (PEW) on Sunday said one of the reasons behind chronic energy crisis is policy of punishing honest consumers while rewarding the fraudulent.
Equal treatment to honest consumers of electricity and thieves is unacceptable, it said.
The people and departments that have developed the habit of not paying their bills should have no right to use electricity, said Dr. Murtaza Mughal, President PEW.
Around 1.4 billion people are living without electricity in the world with 800 million of them are from south Asia, he said.
Dr. Murtaza Mughal said that 2.6 billion people still use solid fuels globally as general access to energy is yet to find place in the UN Millennium Development Goals.
The Pakistan Economy Watch (PEW) on Sunday asked the government to improve food security situation without which stability cannot be ensured
Pakistan must improve its deteriorating ranking in food security index as almost half of the country’s population remains food insecure, it said.
Every individual has a right to physical and economic access to sufficient, safe, and nutritious food on consistent basis that fulfils the dietary needs, said Dr. Murtaza Mughal, President PEW.
Affordability, availability and quality of the food in Pakistan needs serious review as hunger is rising despite increase agriculture output which indicates lack of serious efforts on the part of the government.
Dr. Murtaza Mughal said that countries like India, Sri Lanka, Angola, Bangladesh, Ethiopia, Malawi, Nicaragua, Niger, Vietnam, and India have performed better than Pakistan.
Government should think seriously about providing cover to over 61 million food insecure people which is a major national issue as rising food prices, floods, poverty, conflicts, terrorism, energy crisis, economic slowdown and political instability are some factors behind hunger.
Click here to View Printed Statements GB strategic petroleum reserves position unsatisfactory Call to boost GB petro storage capacity by 400 pc
The Pakistan Economy Watch (PEW) on Wednesday called for increasing petroleum storage capacity in the Gilgit-Baltistan (GB) to avoid any future problems.
Expressing concern over the current situation, it called for boosting GB petroleum storage capacity by 400 per cent which can help masses as well as armed forces in case of an emergency.
Talking to a group of businessmen from Gilgit-Baltistan, Dr. Murtaza Mughal, President PEW said that closure of main road leading to GB has become order of the day due to landsliding and law and order issues.
The situation results in scarcity of fuel and profiteering by certain elements which can be avoided by improve local fuel storage, he said.
Moreover, mega water reseviour projects and revamping the Karakoram highway would require atleast one hundred and fifty thousand litres of diesel per day which cannot be satisfied by the existing infrastructure which can handle only one million litres or demand of three days.
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PML-N policies to make Pakistan a developed nation soon
Resolution of energy crisis can help PML-N win 2018 elections: Murtaza Mughal
PML-N leader and Parliamentary Secretary for Capital Administration and Development Division (CADD) Raja Muhammad Javed Ikhlas on Monday said PML-N led government has been giving top priority to the economic revival so that masses can come out of the poverty.
He said that we will ensure timely completion of all the welfare and development projects and ensure provision of all basic facilities to people at their doorsteps.
Javed Ikhlas said that enabling policies of the PML-N government are welcomed inside the country and abroad which would help raise the living standard of people and put the country on the path to prosperity.
Click here to View Printed Statements Powerful oil lobby want increased share of imported fuel in the energy mix Pakistan’s energy mix a big threat to economic revival
The Pakistan Economy Watch (PEW) on Sunday slammed propaganda against government’s coal power generation plans terming it an attempt of powerful oil lobby to further tilt energy mix in favour of imported fossil fuel.
Converting furnace oil based power plants to Thar coal can help save around six billion dollars being spent on import of furnace oil which is around 40 per cent of the energy mix, it said.
Oil import bill in the current fiscal is set of cross $ 15 billion due to CNG suspention widening current account deficit has already crossed mark of two billion dollars in the first seven months of the current fiscal as compared to 441 million last year, said Dr. Murtaza Mughal, President PEW.
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The Pakistan Economy Watch (PEW) on Friday felicitated well-known business leader Munawar Mughal on resuming change of Vice President of the FPCCI.
It expressed the hope that veteran business leader will employ best of his skills to resolve issues of the business community with a special focus on twin cities.
The election of Mr. Munawar Mughal and his subsequent appointment as in charge of the FPCCI Capital Office speaks of faith of his superiors in his abilities, said Dr. Murtaza Mughal, President PEW.
He said that Munawar Mughal continued to strive for the rights of business community since decades and now he would be able to get their voice heard at apex forums.
He hoped that the newly elected VP of the FPCCI will employ all his energies and capabilities to bring business community together and resolve their outstanding disputes like health, education and residential facilities and a just rent control act.
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The Pakistan Economy Watch (PEW) Thursday said enhanced bilateral trade between Pakistan and India is only way to evade any chance of hostilities or war between neighbours.
Enhanced trade has emerged as the only strong incentive against tensions between Pakistan and India, it said.
Bilateral economic ties can flourish despite unresolved conflicts which will transform lives of tens of millions of people living hopelessly in the region, said Dr. Murtaza Mughal, President PEW.
Despite disputes and wars India and China set a bilateral trade target of $100 billion by 2015, he said.
Similarly, trade between China and Taiwan has crossed $175 billion mark while French and English who fought for centuries have become good partners like US and Vietnam.
Dr. Murtaza Mughal said that too much focus on security has deprived masses as well as the economies of the two countries of many benefits.
Click here to View Printed Statements Anxiety among some business circles seen as groundless Liberalised trade to cut food import bill, boost food security
The Pakistan Economy Watch (PEW) on Monday said liberalised trade with India will benefit tens of millions of people on both sides of the divide while reducing food import bill which is above five billion dollars.
Fears among Pakistani business and agricultural community including textile and pharma sector are unsupported, it said.
Intra-regional trade will get a boost when both the governments lift trade barriers to bring a major change which will have a positive impact, said Dr. Murtaza Mughal, President PEW/
He said that all the major political parties and key business associations are supporting trade liberalization with India but some sectors are voicing concerns to avoid competition with Indians.
Click here to View Printed Statements Reducing cost of power generation a big challenge, becomes vital Govt, opposition should also show determination for kalabagh dam
The Pakistan Economy Watch (PEW) on Sunday expressed grave concern over rising cost of power generation terming it one of the biggest problem having potential to bankrupt country.
Per unit cost of electricity stands at Rs 14 which jumps to Rs 20 after adding different taxes in it which is not affordable for domestic consumers as well as the industry, it said.
Power production cost must be brought down through Thar coal and early construction of kalabagh dam, transparency and efficiency otherwise it will leave industry incompetitive, said said Dr. Murtaza Mughal, President of PEW.
Country’s installed capacity for power generation stands at 21000 mw but it has been producing around half it due to various problems includingtheft, losses, non-payment of bills and chronic circular debt, he added.
Click here to View Printed Statements Coal power generation to reduce cost, improve energy mix
The Pakistan Economy Watch (PEW) on Tuesday lauded the government’s policy of utilising natural resources to quell energy crisis.
The policy of the incumbent government will improve energy mix tilted in favour of imported furnace oil and depleting natural gas while ensuring provision of economical electricity generated through Thar coal, it said.
Inauguration of Thar coal project is a great achievement of the government as well as opposition which indicate that political leadership has decided to shun differences for the greater cause of national development, said Dr. Murtaza Mughal, President of PEW.
The recent developments indicate that political leaders have laid to rest the habit of opposition for the sake of opposition which if continued will make Pakistan a developed country in next few years, he said.
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The Pakistan Economy Watch (PEW) said on Sunday energy crisis cannot be resolved in absence of a pragmatic petroleum policy based on ground realities.
Energy crisis would continue to hold economy as hostage and frustrate all attempts to provide jobs to youth unless contained through serious efforts, it said.
Demand of the natural gas has been rising since years while production cannot be enhanced satisfactorily due to lack of transparency, objectionable practices of gas explorers, inadequate incentives, red tapes and legal problems, said Dr. Murtaza Mughal, President of PEW.
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The Pakistan Economy Watch (PEW) on Monday asked the government to revisit policy of suspension of mobile phone service in sensitive areas aimed at thwarting acts of terror.
Successive governments have been following policy of suspending telecom services in different areas before any event or only on a tip but the increasing incidents of terrorism shows that the policy has remained futile, said Dr. Murtaza Mughal, President PEW.
He said that Pakistan is the only terror-hit country in the world which is pushing such a policy adding to plight of masses, discouraging the telecom industry and reducing the much-needed revenues.
Click here to View Printed Statements Deweaponisation key to peace, economic stability The Pakistan Economy Watch (PEW) on Wednesday said peace and economic stability will remain a far cry unless serious deweaponisation initiatives are executed across the country and rule of law is ensured. Influential enjoy all the resources and protection while man on the street remains helpless and the business community has to seek protection of criminal gangs so that they can continue their ventures peacefully, said Dr. Murtaza Mughal, President PEW. He said that VIP culture has been flourishing in the country which has given birth to certain social ills which include increasing number of self-appointed heavyweights. Dozens of VIPs can be spotted on roads and business centres that don’t deserve official protocol as per the rules but enjoy it on their own cost. read more…
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The Pakistan Economy Watch (PEW) on Sunday said influence of cartels and landed gentry has been rising which is biggest hurdle in self-sufficiency.
The government continue to take actions which please the unscrupulous businessmen and landlords which making life difficult for the masses, it said.
The political as well as military governemnts have always compromised national interests to please special interest groups which has left country dependant on loans and masses improverished, said Dr. Murtaza Mughal, President PEW.
He said that majority of the decision are being takne to please elite which has frustrated all efforts to raise revenue, broaden tak net, contain increasing black economy or get economy documented.
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The Pakistan Economy Watch (PEW) on Friday asked the Pakistani investors to walk out of Bangladesh which is not safe for them.
Prime Minister of Bangladesh Sheikh Hasina Wajid known for her pro-Indian tilt has been deliberately tarnishing image of Pakistan to win popularity and please India, it said.
The rapid developments indicate that the life and property of Pakistanis is not safe there and they should immediately return to Pakistan to play their due role in national development, said Dr. Murtaza Mughal, President PEW.
He said that Pakistani investors made a beeline to Dhaka for cheap labour, better law and order situation, dependable energy, absence of bhatta mafia and market access to 37 countries.
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Click here to View Printed Statements Various tactics employed to tame state-run oil retailer, officials
The Pakistan Economy Watch (PEW) on Thursday said Gilgit-Baltistan (GB) oil mafia which reaped illegitimate benefits to the tune of billions during Musharraf’s era has become active again.
The mafia is using all the ploys to tame state-run oil marketing company and the officials of Ogra as well as petroleum ministry to get desired results.
As always, the GB oil mafia has created artificial shortage of fuel and a strike by the carriage contractors has been engineered during the biting cold, said Dr. Murtaza Mughal, President PEW.
However, he said, the concerned government departments have refused to bow down to the unjust demands.
He said that the mafia embezzled billions by misusing petroleum freight subsidy, it would fill a tanker from Sihala depot for GB, sell fuel at any filling station in the twin cities and charge fare for GB from the government. read more…
Click here to View Printed Statements Lucrative pharma industry deserves no price hike Unfeasible businesses don’t expand with amazing pace Relaxing import policy suggested countering unethical tactics Steps freeing medicine from clutches of pharma industry demanded
The Pakistan Economy Watch (PEW) on Wednesday lauded Prime Minister Nawaz Sharif for reversing notification of fifteen per cent hike in prices of drugs issued by health ministry terming it a proper step in the public interest.
Pakistan’s vibrant pharma industry doesn’t deserve any more relaxations or upward revision of prices of thousands of medicines as they are already making handsome profits, it said.
The prices of medicines are already very high in Pakistan as compared to neighbouring countries therefore there is no point in loud and persistent outcry by the two associations representing local and multinational pharmaceuticals, said Dr. Murtaza Mughal, President PEW.
He said that pharmaceuticals claim that prices have not been revised since a decade while the prices of food, energy, transport and wages have witnessed 150 to 300 per cent increase during the same period.
