IMF repeating mistakes from the global financial crisis

Islamabad, October 22, 2021 (PPI-OT):The Pakistan Economy Watch (PEW) on Friday said why local currency is shedding value if the economy is sound and relations with international institutions are cordial. Why are the top officials deceiving the people by telling them the benefits of devaluation of the rupee, it said. Managing the troubled economy is no longer just a matter of the IMF as one billion dollars cannot resRead More…

NICVD at the verge of devastation

Islamabad, October 11, 2021 (PPI-OT): The Pakistan Economy Watch (PEW) on Sunday said the National Institute of Cardiovascular Diseases (NICVD) is at the brink of disaster due to increasing political interference and rampant corruption. Funds are being wasted mercilessly while a doctor is being paid over ten million as salary and perks making him the highest-paid government servant because he is the brother of an infRead More…

Masses should be shielded from corrupt: Dr. Murtaza Mughal

Islamabad, October 06, 2021 (PPI-OT): Minister for Information and Planning and Development Gilgit Baltistan on Wednesday said increased political interference by Sindh Government is ruining the leading hospitals of the country. After playing havoc with the top revenue-generating city of Karachi, the Sindh Government is after Jinnah Postgraduate Medical Centre (JPMC) for political gains which will be not allowed, he Read More…

Interference of provincial government in federal hospitals criticised

Islamabad, October 04, 2021 (PPI-OT): The Pakistan Economy Watch (PEW) on Saturday criticized the interference of the Government of Sindh in the federally-controlled hospitals of Karachi which is damaging these important institutions. Under the 18th amendment the control of Jinnah Postgraduate Medical Centre (JPMC) and some other important hospitals was handed over to the provincial government in 2011 which resulted Read More…

Global recovery in danger as energy crisis engulfing the world

Islamabad, September 30, 2021 (PPI-OT): Chairman PRW Brigadier (retd) Muhammad Aslam Khan on Thursday said the global economic recovery is under serious threat as an energy crisis is engulfing the world. The global energy crisis will damage the global economy and open flood gates for inflation hitting the masses, he said.
Aslam Khan asked the government to take steps to save the GDP, reduce the cost of doing businessRead More…

SBP intervention to stabilise the rupee remained futile

Islamabad, September 21, 2021 (PPI-OT):The Pakistan Economy Watch (PEW) on Saturday said the efforts of the State Bank of Pakistan (SBP) to stabilize the local currency has left much to be desired. The central bank has pumped $1.23 billion dollars in the market to stabilize the rupee but to no avail, as the local currency has depreciated by Rs12 in the current fiscal, it said.
Government should immediately ban the imRead More…

Flawed economic model resulting in repeated crisis

Islamabad, September 21, 2021 (PPI-OT):The Pakistan Economy Watch (PEW) on Tuesday said Pakistan’s economic model is flawed and full of contradictions but the policymakers prefer shortcuts over sustainable development. The policy to boost exports through subsidies is wrong as boosting exports require consistent policies, improved industrial investment and a focus on new technologies, it said.
Whenever the governmenRead More…

Thirty-two percent hike in wheat price to hurt masses

Islamabad, September 15, 2021 (PPI-OT):The Pakistan Economy Watch (PEW) on Wednesday said more than 32 percent increase in the issue price of wheat being provided to flour mills will result in inflation and hit masses. It demanded strict action against elements involved in delaying the import of wheat and sugar which resulted in a price hike.
Unnecessary delay in import of wheat and sugar has not only increased priceRead More…

Action demanded against officials delaying import of wheat, sugar

Islamabad, September 14, 2021 (PPI-OT): The Pakistan Economy Watch (PEW) on Tuesday demanded strict action against elements involved in delaying the import of wheat and sugar. Unnecessary delay in import of wheat and sugar has not only increased prices in the local market but will also inflict heavy losses on the national exchequer, it said.
Change in Afghanistan has also increased demand for wheat which will have anRead More…

Dramatic turnaround in investors’ confidence hailed

Islamabad, September 01, 2021 (PPI-OT):The Pakistan Economy Watch (PEW) on Wednesday said investors’ confidence is at the highest level during the last three years which is a welcome development. The confidence of the business community across Pakistan in shifting from negative territory therefore the process of reforms and positive policies should continue to further boost the confidence of the investors, it said.Read More…