Islamabad: Western banking system based on interest, greed and deceit cannot assist humanity, a former military general said Wednesday.
Interest-based banks have brought more miseries to humanity than calamities, plagues and wars, said Maj-Gen (Retd) Zaheer-ul-Islam Abbasi.
Fair distribution of wealth in possible only when all the local and international banks operating in Pakistan are transformed into [...]

Islamabad: The Pakistan Economy Watch (PEW) on Wednesday said US is pushing whole world into another crisis by printing excessive currency to overcome its record budget and trade deficits.
Political will of American leaders has failed as they are taxing their own people and whole world by doing something that will make economic recovery difficult.
US should [...]

Islamabad: The Pakistan Economy Watch (PEW) on Tuesday said resuming charge by Chief Justice Pakistan Iftikhar Chaudhry is to bring positive change in the political and business environment of the country.
Stock exchange and financial markets have already welcomed him the day he was reinstated and the disgruntled business community is pinning high hopes on him. [...]

Islamabad: Pakistan Economy Watch (PEW) on Thursday said restoration of deposed judiciary has boosted the popularity of Sharif brothers, prime minister and army chief while Chief Justice Iftikhar Chaudhry has become the most popular judge of the world.
Expectations of masses are touching skies, which will be a test for the revived judiciary. “Masses will expect [...]

Islamabad: The Pakistan Economy Watch (PEW) on Monday said restoration of chief justice and other deposed judges would rejuvenate confidence of investors and boost economic activities.
“Decision of political and military leadership has not only saved country from a big crisis but also diffused a highly volatile situation very skilfully,” said Dr. Murtaza Mughal President of [...]

Islamabad: The Pakistan Economy Watch (PEW) on Saturday said the outcome of long march could be against the expectations of government, lawyers and opposition. The movement supposed to strengthen the democratic institutions could prove a blow for whatever democracy we are left with.
“Undemocratic forces can take advantage of the situation if the movement goes out [...]

Islamabad: The Pakistan Economy Watch (PEW) on Sunday said cold response from traders of Islamabad to a strike call on March 06 should not be connected to the popularity of PML-Nawaz in the business community. It was result of internal conflicts among traders.
PML-Nawaz is still popular in the business community of Islamabad and its rate [...]

Islamabad: The Pakistan Economy Watch (PEW) on Thursday said banks should treat borrowers and cardholders with respect. Self-respect of people is more important than earning profits. The reputation of majority of banking institutions is at stake.
There are increasing complaints that banks are insulting and threatening borrowers as well as cardholders to ensure recoveries without considering [...]

Islamabad: The Ambassador of UAE, his Excellency Ali Saif Sultan Al-Awani, and the High Commissioner of Canada H.E Randolph Mank called on the Federal Minister for Commerce Makhdoom Amin Faheem in his office today. Secretary Commerce Salman Ghani was also present in these meetings.
Ambassador of UAE told the Minister that they were like a family [...]

Islamabad: The Pakistan Economy Watch (PEW) on Sunday said businesspersons investing billions of rupees in Pakistan despite skyrocketing uncertainty should not be harassed. Deteriorating business and investment climate should not be compromised over political issues.
Government should take notice of illegal steps and irresponsible statements against the owner of the first mix-use complex in Pakistan, said [...]