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Federal Cabinet Shahbaz Sharif ECL PM Imran tax Payers Budget Deficit Gold Imports Dada Pota Show 22-02-2019

Dada Pota Show of 22-02-2019. The only program of business and economy in Pakistan.

Federal Cabinet Shahbaz Sharif ECL PM Imran tax Payers Budget Deficit Gold Imports Dada Pota Show 22-02-2019

Dada Pota Show 22-02-2019 based on Federal Cabinet Shahbaz Sharif ECL PM Imran tax Payers Budget Deficit Gold Imports.

Today, Dada G shared his opinion on important news that Federal cabinet approves to place Shahbaz Sharif on ECL.

The federal cabinet on Thursday approved placement of Opposition Leader in National Assembly Shehbaz Sharif’s name on the Exit Control List (ECL), sources told Geo News.

The cabinet meeting, presided over by Prime Minister Imran Khan, approved appointment of Azhar Hameed as chairman of Employees Old-Age Benefits Institution (EOBI), besides tasking Haroon Hussain and Co. for the audit of National Database and Registration Authority (Nadra).

The meeting gave a go-ahead to the appointment of Justice Shahid Kareem and Justice Tahira Safdar as special court judges. The cabinet also approved relaxation in visa policy and fee for different countries.

The prime minister also directed for action to prevent sale of adulterated milk across the country.

By & large, Dada G & Pota G presented a very good show. We received huge feedback in the form of SMS & facebook posts. If you missed today’s Dada Pota Show, there is no need to worry because you are just a click away. You can download and listen it now. “Dada Pota” show on-air at www.dadapota.pk.

Regulatory Duty Indian Items ECC Urea Gold Prices Political Economy Dada Pota Show 21-02-2019

Dada Pota Show of 21-02-2019. The only program of business and economy in Pakistan.

Regulatory Duty Indian Items ECC Urea Gold Prices Political Economy Dada Pota Show 21-02-2019

Dada Pota Show 21-02-2019 based on Regulatory Duty Indian Items ECC Urea Gold Prices Political Economy.

Today, Dada G shared his opinion on important news that Non-essential Indian items: 200 percent RD may be imposed.

Pakistan is likely to impose 200 per cent Regulatory Duty (RD) on non essential Indian imports in retaliation against recent Indian measures and raise the issue of India unilaterally withdrawing the Most Favoured Nation (MFN) status to Pakistan at the World Trade Organisation (WTO) in Geneva, well informed sources told Business Recorder.

The proposal was finalized after more than two hour long meeting in Commerce Division, presided over by Secretary Commerce, Younus Dagha convened to assess the effects of Pakistan’s withdrawal from MFN status with particular focus on exports and imports. The sources said Commerce Division has also prepared different options to be presented to the National Security Council (NSC) which is expected to meet within a couple of days, after which a final decision will taken.

According to sources in Ministry of Foreign Affairs, in the aftermath of terror on the Indian security forces in Palwama (Indian Held Kashmir) on February 14, 2019, the Government of India convened a meeting of the Cabinet Committee on Security on February 25, 2019. Following the meeting, the Indian Union Minister for Finance stated that Pakistan’s MFN status stands withdrawn. According to reports, around 300 trucks are standing at Wagha border, carrying cement and dry dates (Chuhara) after India clamped 200 per cent RD on Pakistani products. Shipment of 170 containers from sea route was also stopped. Pakistan exports to India from land route constitute around 70 percent of our total exports to the country.

Pakistan cement exports to India during 2017-18 amounted to 1.2 million tons and during the seven months of 2018-19 cement exports were around 648,000 Metric Tons. The sources stated that cement can be exported to other destinations like Sri Lanka and Africa, but the issue of dry dates is critical as India is a big market of this product.

The sources further stated that the issue of withdrawal of MFN status will be taken up at the WTO as no country can withdraw the status after granting it. Pakistan has not granted MFN status to India so far. Some participants of the meeting argued that Pakistan should withdraw trade concessions extended to India whereas another view was that negative list should be expanded like in the past. Some participants stated that Pakistan should slap Non Tariff Barriers (NTBs) on Indian imports while pothers suggested that since India has violated SAFTA which is a bilateral agreement, Pakistan should also reciprocate in the same tone.

There are reports that Afghan trucks, carrying perishable items destined for India through Wagha border are also stuck due to a large number of Pakistani trucks.

“We will present different options to the NSC one of which will be to impose 200 per cent RD on non essential items,” said one of the senior officials on condition of anonymity. The Ministry of Foreign Affairs, sources said, has left it to the Commerce Division to suggest retaliatory measures against Indian decisions.

By & large, Dada G & Pota G presented a very good show. We received huge feedback in the form of SMS & facebook posts. If you missed today’s Dada Pota Show, there is no need to worry because you are just a click away. You can download and listen it now. “Dada Pota” show on-air at www.dadapota.pk.

PM Imran Probe Pulwama Attack CPEC Iran Taliban Relations Regional Politics Dada Pota Show 20-02-2019

Dada Pota Show of 20-02-2019. The only program of business and economy in Pakistan.

PM Imran Probe Pulwama Attack CPEC Iran Taliban Relations Regional Politics Dada Pota Show 20-02-2019

Dada Pota Show 20-02-2019 based on PM Imran Probe Pulwama Attack CPEC Iran Taliban Relations Regional Politics.

Today, Dada G shared his opinion on important news that PM Imran offers to probe Pulwama attack if India shares ‘actionable intelligence’.

Prime Minister Imran Khan on Tuesday offered to investigate the Pulwama attack and act if India shares “actionable intelligence with Pakistan”.

In a video message to the nation, the prime minister responded to Indian allegations regarding Pakistan’s involvement in the attack which killed 44 Indian paramilitary soldiers and said he could not respond earlier owing to the “important visit of the Saudi crown prince”. Explaining that he did not want to divert attention from the visit, PM Imran said, “I am now responding to the Indian government.”

“India accused Pakistan without any evidence and without thinking how this [attack] would benefit us,” he stated. “Would even a fool consider sabotaging such an important [Saudi investment] conference?” the prime minister asked.

PM Imran continued, “We have been fighting against terrorism for the past 15 years. How will Pakistan benefit from such incidents?”

Stating, “I want to ask India if they want to keep living in the past”, the premier said, “We want stability.”

The premier asserted, “I say it clearly this is a Naya Pakistan and a new mindset.”

Offering to probe the Pulwama attack, PM Imran said, “Pakistan is ready to investigate the attack and act if India provides actionable intelligence. Not because we are under pressure but because it is our policy.”

“It is not in our interest that our soil is not used for carrying out attacks in other countries, nor do we want outsiders to come and carry out terror attacks here,” he added.

“We are ready for talks with India on terrorism,” he said while adding that “India talks about including terrorism in dialogue with Pakistan”. “Terrorism is a big issue facing this region and we want to eliminate it,” PM Imran asserted.

“Kashmiris are not afraid of death anymore. There must be a reason for that. Should there not be a discussion in India on this?” he asked. “Which law in the world allows everyone to become a judge and jury?”

Questioning whether India “wants to resolve the issue through military”, PM Imran said, “This has never been a successful measure.”

The premier continued, “I have been hearing and seeing on Indian media that politicians there are calling for revenge from Pakistan. If India thinks it will attack Pakistan then we will not just think but retaliate.”

“It is in one’s hands to start a war but not in one’s hands to end it,” he stressed. “The Kashmir issue like the Afghan issue will be resolved through talks,” he concluded.

The already sour relations between India and Pakistan have worsened over the past week as New Delhi piled blame on Islamabad for the Pulwama attack. Pakistan’s leadership has strongly refuted the allegations.

Some 44 Indian paramilitary personnel were killed last week when an explosives-packed van rammed a convoy transporting 2,500 security forces in Pulwama, in the deadliest attack in Indian-occupied Kashmir in 30 years.

By & large, Dada G & Pota G presented a very good show. We received huge feedback in the form of SMS & facebook posts. If you missed today’s Dada Pota Show, there is no need to worry because you are just a click away. You can download and listen it now. “Dada Pota” show on-air at www.dadapota.pk.

Pakistan Banao Certificates India ISIL PSL Political Economy Dada Pota Show 19-02-2019

Dada Pota Show of 19-02-2019. The only program of business and economy in Pakistan.

Pakistan Banao Certificates India ISIL PSL Political Economy Dada Pota Show 19-02-2019

Dada Pota Show 19-02-2019 based on Pakistan Banao Certificates India ISIL PSL Political Economy.

Today, Dada G shared his opinion on important news that Pakistan Banao certificates fetch $1mln in two weeks.

The government managed to receive one million dollars from sale of ‘Pakistan Banao Certificate’ (PBC) launched less than two-week ago to replenish depleting reserves of foreign exchange, sources said on Monday.

“At least 50 investors have remitted approximately $1 million to the State Bank of Pakistan’s (SBP) account maintained with the National Bank of Pakistan’s (NBP) New York branch,” a source, privy to the inflows said.

The government launched a new scheme in late January to encourage million of Pakistanis living abroad to pour their dollars savings into PBCs, as it strives to improve dwindling foreign exchange reserves that has hit the economy. It’s neither a bond nor traded in international markets. It’s a primary market instrument.

The source said the response has been better-than-expected as 5,000 investors have been registered with a web-based portal to procure the bonds. The demand is mainly emanating from Pakistani expatriates living in Europe and the United States.

“We expect a nice response from the Gulf countries, especially the United Arab Emirates as well,” the source added. “We’re testing an appetite for this unique product from the overseas Pakistanis. We see more investment applications to be received in times to come given significant returns being offered on these certificates.”

The dollar-denominated PBCs are being offered at higher yields than foreign bonds. The latest offering is 100 percent guaranteed by the government. The minimum investment limit is $5,000 with no upper limit.

The government offers maturities of three and five years, with yields of 6.25 percent and 6.75 percent respectively. The six-monthly return on the certificates is set to London Interbank Offered Rate plus 400 basis points.

Comparatively, yields on Pakistan’s five Eurobonds maturing during 2019 to 2036 hover between 6.6 to 8.2 percent.

PBCs are being marketed by the consortium of six banks, including National Bank of Pakistan, Habib Bank, Allied Bank, JS Bank and Standard Chartered Bank. The transaction is being managed by the SBP and NBP, which provides services such as collection of proceeds, distribution of periodic payments (profit and redemption) and handling of investors’ queries with respect to investment in the certificates.

To recall, Standard and Poor’s this week downgraded Pakistan’s long-term sovereign credit rating. The government is hoping the certificates will exceed the target amount of $1 billion by the end of June. The offering of the certificates will be closed on June 30.

To catch up, the bank appointed by the government to market the certificate issuance needs to strengthen their connections and standing in the foreign countries. They must team up to help arrange meetings with Pakistani diaspora, which may result in higher inflows into PBCs.

There are, however, some challenges to be addressed such as technical glitches the NBP can suffer that may leave investors unable to get certificates online.

At a time when international funds transfers are coming under greater scrutiny because of security concerns, the PBCs will encourage overseas Pakistanis to send money through legal sources.

“The funds under the scheme are routed through a bank account after a tough procedure of screening and know-your- customer,” an expert said. “Banks ensure transactions are not illicit and suspicious in terms of money laundering and terrorist financing.”

Remittances from expatriates are an important source of foreign exchange for Pakistan. It remains a key source to manage current account deficit.

“The certificates are unlikely to hamper the inflow of workers’ remittances into Pakistan,” a source said. “The ticket size of remittances is small as remitters send home up to $1,000-1,500. However, the amount of money invested by investors in the scheme starts from $5,000.”

By & large, Dada G & Pota G presented a very good show. We received huge feedback in the form of SMS & facebook posts. If you missed today’s Dada Pota Show, there is no need to worry because you are just a click away. You can download and listen it now. “Dada Pota” show on-air at www.dadapota.pk.