Friday, January 27

Tag: PEW

Elite should also swallow bitter pill of IMF strict conditions

Business, English
Islamabad, January 25, 2023 (PPI-OT):The Pakistan Economy Watch (PEW) on Wednesday said accepting strict conditions of the IMF is the only option available to Pakistan. Instead of making the public a scapegoat, this bitter pill of IMF conditions should also be fed to the elite, it said. All the unnecessary government expenditure and all privileges of the ruling classes should be abolished so that the people get a few sighs of relief, said Mohammad Aslam Khan, Chairman of PEW. He said that the elites have completely hijacked the country’s system, due to which Pakistan has been entering from one crisis to another. Now the plunder of the elite has increased to such an extent that the country’s integrity is in danger, he added. Aslam Khan observed that not a single ruler of Pakista...

Poor, not billionaires should get government support

Business, English
Islamabad, January 20, 2023 (PPI-OT):The Pakistan Economy Watch (PEW) on Friday said packages are given to the poor in western countries but billionaires get support packages in Pakistan. The sole purpose of packages doled out to the rich is to increase their fortunes on the cost of the poor, it said. Masses are always told that packages given to industrial, agricultural, stock market or real estate sectors are necessary for national development which is contrary to the facts, said Dr. Murtaza Mughal, President of PEW. He said that there is no concept of tax amnesty schemes in civilized countries, but every government in Pakistan provides an opportunity for the rich to whiten their black money. Dr. Murtaza Mughal said that the former government announced the construction package by promisi...

Dr. Mughal appointed Chief Advisor Pakistan Tehreek-e-Shadbad

Business, English
Islamabad, January 17, 2023 (PPI-OT):Distinguished columnist, motivational speaker and socio-economic analyst Dr. Murtaza Mughal has been appointed as Chief Advisor of Pakistan Tehreek-e-Shadbad, a new party focusing on health, education, justice and employment. The Chairman of Pakistan Tehreek-e-Shadbad Dr. Hanif Mughal has issued a notification in this regard. Speaking at the occasion Dr. Hanif Mughal said that it would be a great pleasure to have a vibrant person like Dr. Murtaza Mughal onboard. He said that Dr. Mughal is already involved in dozens of ventures including Pakistan Economy Watch, Baidari-e-Fikar Forum, RDF, Al-Shifa Trust, Word Columnist Club, Nazaria Pakistan School and a free clinic and his services will be an asset to us. We hope that Dr. Mughal will spare some time out...

After employment, flour snatched from masses

Business, English
Islamabad, January 10, 2023 (PPI-OT):The Pakistan Economy Watch (PEW) on Tuesday said those who claimed to serve masses have taken away the flour and jobs from the people. Those who say that the treasury is empty are wasting resources on foreign trips and luxury vehicles, it said. Instead of giving a subsidy of seventeen billion on electric motorcycles, the poor should be given a subsidy on flour, said Dr. Murtaza Mughal, President of PEW. He said that the removal of former finance minister Miftah Ismail from office was a wrong decision and giving Ishaq Dollar the portfolio of the finance ministry turned out to be an even bigger blunder. Had Miftah Ismail was not removed, the IMF program would have been on track and the tranche would have been received in September last year. Miftah took t...

People tired of continued inflation, economic crisis

Business, English
Islamabad, October 25, 2022 (PPI-OT):The Pakistan Economy Watch (PEW) on Tuesday said people and the business community are tired of the continued inflation and economic crisis hurting them for years. Concerns of the business community are not going away but now masses and businessmen may get some relief as they have pinned high hopes on Finance Minister Ishaq Dar, it said. The problems of the people and business community are not ending, but now there is hope that the situation will improve, said Dr. Murtaza Mughal, President of PEW. He said that the previous government had set new records of economic mismanagement and waste of resources which almost bankrupted the country and also damaged the local currency. Dr. Murtaza Mughal said that dozens of disappointed industrialists moved busines...

Decision to subsidize export sector is commendable

Business, English
Islamabad, October 10, 2022 (PPI-OT):The Pakistan Economy Watch (PEW) on Monday said the government’s decision to give power subsidy to the export sector is commendable, which will increase domestic exports and stabilize foreign exchange reserves. The subsidy will ensure the provision of electricity to the export sector at Rs19.99 unit, it should not only benefit the manufacturers but workers as well who are reeling under unprecedented inflation, it said. Government should link subsidies to the working conditions and wages of the workers in the factories of the export sector, said Dr. Murtaza Mughal, President of PEW. Apart from this, a guarantee of increasing production and quality should also be taken from the manufacturers, he added. Dr. Mughal said that the state of the country&#...