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PEW lashes exporters on their addiction to subsidies, bailout packages

Lahore : The Pakistan Economy Watch said that export sector has been relying on government’s aid since long since becoming a burden. The export industry has long been addicted to bailout packages, subsidies, tax breaks and other measures which put burden on the national exchequer to the tune of billions ... Read More »

PEW criticized textile sector for demanding devaluation of currency

Lahore: The Pakistan Economy Watch (PEW) on Sunday criticised textile sector for demanding devaluation of local currency to boost exports. Eroded rupee to make imports costly which are double than exports and hut every person in Pakistan, it said. The government has accorded zero-rating status to the textile sector in the ... Read More »

PEW criticises government for preferring symbolic schemes

Lahore: The Pakistan Economy Watch on Sunday criticised government for preferring symbolic schemes over projects to contain energy scarcity terming it against the national interests. Gas Infrastructure Development Cess (GIDC) was imposed to finance gas import projects despite resistance by consumers but it was misused to finance Metro and Orange ... Read More »

PEW demands action against pharma mafia for artificial shortage of drugs

Lahore: The Pakistan Economy Watch (PEW) on Monday demanded forceful action against pharma mafia for creating artificial shortage of drugs to enhance profit. Those playing with the lives of masses for the sake of money should be dealt according to the law, it said. Avoiding any action against profiteers amounts ... Read More »

Oil and gas companies violating Ogra decisions: PEW

Lahore: The Pakistan Economy Watch (PEW) on Sunday said oil and gas companies are violating decisions of Ogra to maximise profits on the cost of consumers. Federal Ministry of Petroleum and Natural Resources has started bypassing oil and gas regulator in favour of oil and gas companies which amounts to ... Read More »

PEW asked Govt’s to rationalise privatization policy

Lahore: The Pakistan Economy Watch on Thursday said that government’s privatization policy is not working well due to some flawed priorities. Government has completed half of its tenure but it has not initiated reforms in state-run companies without which these units cannot be sold to save loss of Rs 500 ... Read More »

PEW criticises SNGPL for increasing gas tariff by 47 percent

Lahore: The Pakistan Economy Watch (PEW) on Friday criticised SNGPL for its effort to get gas tariff increased by 47 percent and asked Ogra to turn down the application. SNGPL is least concerned about plight of masses and the business community and all it want is increased profit to please ... Read More »

PEW terms withholding tax on bank transactions is illegal as well as unethical

Lahore: The Pakistan Economy Watch on Wednesday said withholding tax on bank transactions is illegal as well as unethical and violation of the basic rights of banked population. Government should not punish masses and the business community for the failure of FBR to broaden tax base, it said. The decision to ... Read More »

PEW lashes TDAP for demanding currency devaluation

The Pakistan Economy Watch (PEW) on Thursday condemned proposal by TDAP to devalue currency by ten percent to boost dwindling exports and print currency to finance deficit. The TDAP chief advised the Senate Standing Committee on Commerce chaired by Senator Shibli Faraz that government should devalue currency and print currency ... Read More »

PEW lauds the determination of Finance Minister on withholding tax

Lahore: The Pakistan Economy Watch (PEW) on Tuesday lauded the determination of Finance Minister Ishaq Dar on the issue of imposition of withholding tax on bank transaction terming it a great move.The steadfastness of the government will help Pakistan emerge as a self-reliant nation in the long run which must ... Read More »

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