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Receded oil prices have a devastating effect on oil and gas exporting countries which can transform into a new global crisis: Pakistan Economy Watch

Islamabad, February 23, 2015 (PPI-OT): The Pakistan Economy Watch (PEW) on Monday said receded oil prices have a devastating effect on most of the oil and gas exporting countries which can transform into a new global crisis. After hitting the balance sheets of energy exporters the oil prices have started threatening the ranking of oil ...

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Govt handling of fuel crisis attacked – PEW rejects excuses by top officials for petrol crisis – Incompetence being camouflaged under allegations of conspiracy

Islamabad, January 20, 2015 (PPI-OT): The Pakistan Economy Watch (PEW) on Tuesday criticised the way PML-N is handling motor fuel crisis and hiding its mismanagement under charges of a conspiracy against the government. Federal ministers for finance, petroleum and water and power who are considered responsible for the mess are unwilling to accept any responsibility ...

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LNG imports through PSO opposed

Islamabad, January 19, 2015 (PPI-OT): The Pakistan Economy Watch (PEW) on Monday opposed import of Liquefied Natural Gas (LNG) through state-run oil retailer Pakistan State Oil (PSO) to tame energy crisis terming it against the national interests. PSO has repeatedly failed to maintain supply chain of the fossil fuel resulting in crisis, the credit of ...

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Lawmaker involved in insurance fraud exposed

Islamabad: The Pakistan Economy Watch (PEW) on Thursday said that some politicians have started filing false claims for financial profit. The insurance industry has a defence mechanism against false or exaggerated claims, but it becomes difficult when policy holder is an influential politician, it said. Such practices and highly illegal …

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