The Pakistan Economy Watch on Saturday said Pakistanis have lost billions of dollars of investments in speculator-oriented Dubai real estate property downturn. Those who lured Pakistanis by showing them golden dreams of rich returns by investing in the oil-poor emirate have walked away. These include salesmen, so-called developers, intermediaries and bankers, etc who must be [...]
Continue reading...Thursday, December 4, 2008
Pakistan Economy Watch said decision to use ethanol as fuel could result in severe food crisis and environmental hazards. Apart from energy, it requires four to five gallons of water to produce one gallon of ethanol. Later the water becomes toxic. Increase in greenhouse gases is also an effect. The recent global food crisis [...]
Continue reading...Monday, December 1, 2008
Pakistan Economy Watch on Monday said that politics of allegations on the part of New Delhi would harm already fragile economies in the region. India is an irresponsible state that is true to its habit of blaming Pakistan for its every shortcoming and internal problem, said Dr. Murtaza Mughal, President Pakistan Economy Watch. However, this [...]
Continue reading...Saturday, November 29, 2008
Pakistan Economy Watch on Saturday said Mumbai terror attacks are an incident bigger that the assassination of Indira Gandhi in 1984 and that of Rajiv Gandhi in 1991. India will remain target of homegrown terrorist until it reviews misaddressed policies. It is a big attack on Indian psyche which will severely damage the 1.2 trillion [...]
Continue reading...Tuesday, November 25, 2008
ISLAMABAD: Former Secretary General and Minister of State Akram Zaki said on Tuesday privatization and foreign investments are the biggest illusions of the century, it should be banned immediately. He said that we crossed all limits of self-deception and put the future of the country at stake due to dictated policies and imported rulers. Tall [...]
Continue reading...Tuesday, November 18, 2008
Pakistan Economy Watch has said that IMF should alter its preferences and take a new start from Pakistan. Whole world is calling for a fundamental change in the way IMF deals with the rest of the world. The agency is frequently alleged that its conditions become a nightmare for the poor while nobility always manages [...]
Continue reading...Saturday, November 15, 2008
Flight of capital cannot be controlled through administrative actions but by creating a conducive and enabling environment, Pakistan Economy Watch said on Friday. Economies have never responded to speeches, promises and tall claims but actions. Pakistan is not an exception. A former president has played major role in flight of capital from the country. He [...]
Continue reading...Wednesday, November 12, 2008
Islamabad: Pakistan Economy Watch has said that government should stop counter productive foreign trips and princely expenditures as it is loosing confidence of masses and tarnishing its own image. A number of foreign trips of top leaders with hundreds of members of entourage is costing public exchequer heavily. What Pakistan is getting in return is [...]
Continue reading...Sunday, November 9, 2008
Pakistan Economy Watch has lauded the decision of the government to abandon plants for privatization of Pakistan Steel Mills (PSM). The historic decision has catered for the reservations of many quarters and neutralised the threat of total deindustrialization of the country, said Dr. Murtaza Mughal, President, Pakistan Economy Watch on Saturday. He said decision to [...]
Continue reading...Wednesday, November 5, 2008
Islamabad: Pakistan Economy Watch has said spreading out Cabinet is unjustified in the current hard times. Government may need another IMF’s loan to cater for the needs of expanded Cabinet. In the prevailing economic crisis, there is no justification for such an unwarranted expansion to overburden the public exchequer, said Dr. Murtaza Mughal, President, Pakistan [...]
Continue reading...Monday, November 3, 2008
Islamabad: Pakistan Economy Watch has said that IMF (International Monetary Fund) is suffering from financial problems and preparing to get aid from wealthy nations. IMF has no option but to ask wealthy Asian nations for help. The fund’s lending capacity of $250 billion dollar and present reserves of $210 aren’t sufficient in comparison to global [...]
Continue reading...Thursday, October 30, 2008
Islamabad: Pakistan Economy Watch has said that formation of a representative government in Afghanistan will help millions of people around the world to improve their quality of life. It may support America avoid bankruptcy. US cannot spend $1 billion daily on wars any more Presently America is spending one billion dollars per day on its pointless [...]
Continue reading...Thursday, October 30, 2008
Pakistan Economy Watch has said that developed countries and WTO are again pushing third world to accept Doha Development Round due to unending suspicions of member states. WTO wants to abolish time-tested economic systems around the world claiming that their model will help improve quality of life of the poor. In fact, it is increasing [...]
Continue reading...Thursday, October 9, 2008
Islamabad: Pakistan Economy Watch has said that the weakness of government and lax attitude of authorities has again pushed up the prices of wheat, flour, milk and fertilizers. Prices of pharmaceuticals will be hiked shortly. Profiteers have started hoarding sugar to milk commoners in near future. Value of everything increasing but human life, rupee Value of [...]
Continue reading...Wednesday, October 8, 2008
Islamabad: To commemorate the services of Cuban doctors and selfless support of Cuban nation in the wake of October 8, 2005 deadly earthquake, Pak-Cuba Friendship Society (PCFS) has been formed. The objectives of PCFS includes promoting friendly relations and bring two nations closer, to create awareness between the people of two countries about the culture, [...]
Continue reading...Monday, October 6, 2008
Islamabad: Pakistan Economy Watch has said that Pakistan needs an effective economic warning system to save the masses from monetary losses that are running in tens of billions. Pakistan urgently needs a fiscal alarm system following the US financial crisis because masses should not pay for the slippages of those who matters, said President of [...]
Continue reading...Sunday, October 5, 2008
Islamabad: Pakistan Economy Watch has said that deregulation and globalisation are bigger threats than World War III. Over 500 million people have been pushed below the poverty threshold in the underdeveloped world. The world is in a nosedive and it is projected to fall until those who matters decide a major policy shift. “Unemployment, poverty [...]
Continue reading...Friday, October 3, 2008
PEW lauds govt decision to enhance wheat purchase price More steps needed to encourage cultivators Controlling prices before new crop is responsibility of govt All other input prices for farmers remain same Fertilizer subsidy should be abolished to support poor, off-colour textile sector Islamabad: Pakistan Economy Watch has lauded the government’s decision to raise wheat procurement prices and said that [...]
Continue reading...Tuesday, September 30, 2008
Asia to become economic powerhouse by next decade Islamabad: Pakistan Economy Watch has said that only regional cooperation can provide relief to 50 crore poor living in South Asia. Political differences, if set aside, will spur new era of growth and Pakistan will reap dividends as Asia will be world’s centre of economic activity by next [...]
Continue reading...Saturday, September 27, 2008
PEW questions controversial role of Int’l rating agencies Pakistan Economy Watch has said that international rating agencies have initiated a malicious campaign against Pakistan. It asked government should take notice of these moves and counter it. Dr. Murtaza Mughal, President, Pakistan Economy Watch said on Saturday that the situation of economy is not very good [...]
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Saturday, December 6, 2008
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