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Imran Khan Ch Nisar Agriculture Sales Tax Foreign Remittances Political Economy Dada Pota Show 20-04-2018

Dada Pota Show of 20-04-2018. The only program of business and economy in Pakistan.

Imran Khan Ch Nisar Agriculture Sales Tax Foreign Remittances Political Economy Dada Pota Show 20-04-2018

Dada Pota Show 20-04-2018 based on detailed discussion on Imran Khan, Ch Nisar, Agriculture, Sales Tax, Foreign Remittances & Political Economy.

Today, Dada G shared his opinion on important news that Imran invites PML-N leader Chaudhry Nisar to join PTI & Govt likely to withdraw sales tax on agriculture sector. 

Chairman Pakistan Tehreek-e-Insaf Imran Khan on Thursday invited PML-N stalwart Chaudhry Nisar Ali Khan to join his party. Addressing a press conference in Lahore, Imran said his old friend Nisar had refused to take orders from Maryam Nawaz. “I was happy to see Nisar showing some spine,” he said. “I liked the fact that Nisar refused to take orders from a woman who has no standing in the party except for being Nawaz Sharif’s daughter.”

Discussing the issue of horsetrading in the recently held Senate elections, Imran said that the decision to expel party members found guilty of selling votes in Senate elections was done on the basis of investigation done by PTI’s internal committee. The PTI chief added that 20 party members, found guilty of selling their votes, have been given a chance to present themselves before the party’s investigation committee to respond to clear their name. Imran added that the party will submit the names of these members to the National Accountability Bureau (NAB) on their inability to satisfy the committee with their responses. Imran further said that members of his party were bought but the issue to be pondered on was who bought them. “Leaders of all parties were aware that votes are sold in the Senate elections but they all chose to become quiet onlookers,” he said.

The PTI chairman further claimed that he was offered Rs450mn to get a senator elected, adding that he could not divulge the name of the individual who had made that offer as he had declined it. The politician further added that others had also been made similar offers. Imran, during the press conference, said that it was the first time that a party had shown the courage to put its own government at risk to expel those involved in selling their votes. “We have another list that details the members of other parties who sold their vote and we are waiting to see if these parties will take any action against their members,” said Imran, adding that PTI shall disclose the list upon the parties’ failure to do so.

Responding to a question, Imran said that the Pakistan Peoples Party and Pakistan Muslim League – Nawaz (PML-N) had been unfair in deciding to nominate the caretaker prime minister and heads of the Election Commission of Pakistan and NAB. “The main purpose of the ECP is to allow a neutral setup,” Imran said. “When these people will forge a deal amongst themselves, then it means that a neutral setup doesn’t exist.” In response to a question about Chief Justice of Pakistan Mian Saqib Nisar hearing cases in Khyber Pakhtunkhwa (KP), Imran said that the former was identifying the problems faced by the citizen which was fine. “I want the chief justice to do two things…I want him to draw a comparison between other provinces and KP and inquire the people what has changed in the past five years. This will prove beneficial for us too.”

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.

Ecnec Diamer Bhasha Dam Budget Strategy Paper Imran Khan Senate Election Dada Pota Show 19-04-2018

Dada Pota Show of 19-04-2018. The only program of business and economy in Pakistan.

 Ecnec Diamer Bhasha Dam Budget Strategy Paper Imran Khan Senate Election Dada Pota Show 19-04-2018

Dada Pota Show 19-04-2018 based on detailed discussion on  Ecnec, Diamer Bhasha Dam, Budget Strategy Paper, Imran Khan & Senate Election.

Today, Dada G shared his opinion on important news that Ecnec okays Diamer Bhasha Dam & Cabinet approves budget strategy paper.

 

Prime Minister Shahid Khaqan Abbasi Tuesday chaired a meeting of the Executive Committee of the National Economic Council (ECNEC) and approved important development projects. Diamer Bhasha Dam project (only dam component) was approved at a total rationalised cost of Rs 474,000 million. The dam will have a 6.4 MAF live storage capacity and installed power capacity of 4,500 MW. After completion, the project will increase national water storage capacity of Pakistan from 38 days to 45 days and will enhance life span on downstream reservoirs including Tarbela Dam.

Revision of Gawadar Lasbela Livelihoods Support Project was approved at a total rationalised cost of Rs 2,998.10 million. The project aims at poverty reduction in two districts of Balochistan i.e. Gawadar & Lasbella. This project comprises of major initiatives including community development, fisheries development and rural infrastructure improvement. Evacuation of power from 1320 MW RLNG power plant near Trimmu, Jhang was approved at a total rationalised cost of Rs 4,231.83 million.

Revision of the federal programme under ‘Access to Justice Programme’ was also accorded approval at a total rationalised cost of Rs 4,711.981 million. The ongoing project aims at implementing legislative, judicial, police and administrative reforms with construction of required physical infrastructure including office buildings.

ECNEC approved replacement of old and obsolete signal gear from Lodhran-Multan-Khanewal-Shahdara Bagh Main Line Section of Pakistan Railways (revised) at a total rationalised cost of Rs 18,346.60 million. The scope of work of this project also includes remodeling of Yousafwala Railway station and upgradation of 24 unmanned railway level crossings into manned level crossings. Meanwhile, Economic Coordination Committee (ECC) of the Cabinet on Tuesday has given approval to Pakistan State Oil (PSO) for import of furnace oil to be used by the power sector.

Prime Minister Shahid Khaqan Abbasi chaired a meeting of the ECC of the Cabinet at PM Office. The decision has been made to ensure adequate fuel stock in the coming months. The government has recently lifted the ban on import of furnace oil for running power plants to meet growing electricity demand in summer.

The government had imposed restrictions a few months ago on the consumption of furnace oil in power plants, preferring liquefied natural gas (LNG) in electricity production. Since then, PSO had placed no fresh orders for imports.

However, the government has allowed PSO to import furnace oil to generate additional electricity in the summer. Sources said that the government has decided that this time power producers will make payments to PSO in advance to avoid the accumulation of circular debt. Owing to inability of the power producers to clear earlier dues of PSO, receivables of the oil marketing company have swelled beyond Rs300 billion Transportation tariff for Machike – Taru Jabba Oil Pipeline (427 Km) project was approved by the ECC. Tariff will be ratified by OGRA after due process. The project will be completed in three sections and envisages environment friendly and safe movement of fuel. The project will also provide for additional storage of fuel and enable supply to major distribution centers in central and northern Punjab and Khyber Pakhtunkhwa. The ECC further directed that all future pipeline projects will require approval of the Cabinet. In order to ensure stable and reliable power supply through National Grid System and to enhance NTDC system capacity, the ECC accorded approval for issuance of Government of Pakistan Sovereign Guarantee against financing facility of Rs 9,846 million from local banks for NTDC projects.

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.

Moody’s SBP Virtual Currencies Nawaz Sharif Maryam Nawaz Gold Price Dada Pota Show 18-04-2018

Dada Pota Show of 18-04-2018. The only program of business and economy in Pakistan.

Moody’s SBP Virtual Currencies Nawaz Sharif Maryam Nawaz Gold Price Dada Pota Show 18-04-2018

Dada Pota Show 18-04-2018 based on detailed discussion on Moody’s, SBP, Virtual Currencies, Nawaz Sharif, Maryam Nawaz & Gold Price.

Today, Dada G shared his opinion on important news that Moody’s appreciates SBP move to prohibit virtual currencies & Lahore High Court Did Not Ban Airing Speeches Of Nawaz Sharif, Maryam Nawaz : Supreme Court.

 

Moody’s on Monday stated the State Bank of Pakistan’s prohibition on banks from dealing in digital currencies was a credit positive move.

The credit rating agency said this ban on Pakistani banks, payment system operators and service providers from the use of virtual currencies would shield them from significant risks they could pose.

According to Moody’s analysis, the country’s banks were generally in-operative in the realm of virtual currencies.

It added the central bank hadn’t given any authorization or license to people or companies to engage in issuance, sale, purchase, exchange or investment in digital currencies.

Also, the analysis highlighted that there was no global consensus on how to address the regulatory challenges linked with virtual currencies and the central banks’ action was in toe taken by other regulators worldwide.

“The SBP advises banks not to facilitate in any way their customers transacting in virtual currencies. The prohibition applies to the full spectrum of financial services they offer, including the use of bank transfers, credit cards or consumer loans that customers can use to invest in virtual currencies,” said Moody’s.

SBP in its circular had forbidden banks, microfinance banks, payment system operators, service providers and development finance institutions (DFIs) to deal in digital currencies.

The central bank issued a warning to the masses, much like the European Banking Authority against the use of digital currencies.

It added the risks associated in trading of virtual currencies include the threat of financial losses with no legal protection on offer, major price swings linked to speculative activity, chances of failure/closure of cryptocurrency exchanges due to several reasons.

The failure or closure of cryptocurrency exchanges could be driven due to actions initiated by regulators or vulnerability of these exchanges to hacking/security compromises.

But the central bank accepted that high degree of anonymity that virtual currencies offer could lead to rising illegal activities, which would make it difficult to monitor, track-down and document such transactions.

All local and international payments, money transfers are under the purview of the central bank, which hasn’t given permission to any entity to offer such sort of transactions using digital currencies.

Moody’s said SBP had cautioned about the legal repercussions that could happen where cryptocurrencies were used to transfer funds outside the country.

“Pakistani authorities are generally taking actions to prevent terrorism financing and money-laundering offences. We note that the Financial Action Task Force (FATF), an intergovernmental organization combatting money laundering and terrorist financing, will include Pakistan on its watch list of countries with deficiencies in anti-money laundering/terrorism financing measures this June,” said Moody’s.

The credit rating agency highlighted the central bank wasn’t actually against the technology behind digital currencies i.e. blockchain and has initiated measures to boost its supervisory capacity, which would promote usage of new technologies in the future.

“The authorities welcome the entry of financial technology companies in the market, especially in the payments system sector, as part of Pakistan’s National Financial Inclusion Strategy, which aims to bring more people in the formal financial sector,” said Moody’s.

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.

Nawaz Sharif Maryam Nawaz Anti-Judiciary Speech IMF Wheat Political Economy Dada Pota Show 17-04-2017

Dada Pota Show of 17-04-2018. The only program of business and economy in Pakistan.

Nawaz Sharif Maryam Nawaz Anti-Judiciary Speech IMF Wheat Political Economy Dada Pota Show 17-04-2017

Dada Pota Show 17-04-2018 based on detailed discussion on Nawaz Sharif, Maryam Nawaz, Anti-Judiciary Speech, IMF, Wheat & Political Economy.

Today, Dada G shared his opinion on important news that LHC bans airing of Nawaz, Maryam’s ‘anti-judiciary’ speeches for 15 days & IMF report on Pakistan.

The Lahore High Court (LHC) on Monday temporarily barred TV channels from airing alleged “anti-judiciary speeches” uttered by PML-N supreme leader Nawaz Sharif, his daughter Maryam Nawaz and other leaders.

A three-judge full bench, headed by Justice Syed Mazahar Ali Akbar Naqvi, and comprising Justice Atir Mahmood and Justice Chaudhry Masood Jahangir, had taken up a set of petitions against “anti-judiciary speeches” delivered by PML-N leaders.

The bench directed the Pakistan Electronic Media Regulatory Authority (Pemra) to decide the complaints pending with it regarding the alleged contemptuous speeches within 15 days as well.

Until the authority decides the complaints, no alleged “anti-judiciary speeches” delivered by PML-N leaders will be allowed to be aired during the 15 days, the court ruled, directing Pemra to ensure strict monitoring of programmes to prevent any such content from being broadcast.

The court also rejected an application filed by Advocate A.K. Dogar on behalf of Sharif requesting that Justice Naqvi recuse himself from the full bench.

Advocate Azhar Siddique, who was representing one of the petitioners, argued before the court that Article 19-A of the Constitution guarantees freedom of expression and the right to “fair criticism” to every citizen.

But Justice Naqvi observed that the constitutional right to fair criticism is conditional to law and regulation.

“It can’t be that anyone out there goes about denouncing judicial matters and decisions in the name of ‘fair criticism’,” he remarked, adding that it would make sense for an expert or lawyer to comment on such matters but not everyone can be allowed to do the same.

Advocate Salman Akram Raja, the counsel for Pemra, argued that the petitioners were raising unnecessary objections against the regulatory body’s authority.

He said Pemra had rejected an application against alleged anti-judiciary speeches on “technical grounds” using its authority.

“Should we not take away from this that [Pemra] allowed airing of anti-judiciary speeches by rejecting the application?” the bench asked.

“Pemra may have been made a minor error [of judgment] by rejecting the application,” the counsel responded.

The court reserved its decision after hearing all arguments and subsequently announced a 15-day ban on speeches deemed to be contemptuous.

Following the Panama Papers verdict which led to Sharif’s disqualification as premier, Sharif and other PML-N leaders have drawn ire for their criticism of the judiciary.

Multiple petitions have been filed in different courts against them over alleged contempt of court. Prime Minister Shahid Khaqan Abbasi and federal and provincial ministers of the PML-N have also been made respondents in the petitions.

In January, the Islamabad High Court had accepted a contempt of court petition against Sharif and his daughter Maryam for making speeches critical of the judiciary.

The Supreme Court, however, dismissed multiple contempt of court petitions against the ousted prime minister last month, saying on one occasion: “Commenting cleanly on a [court] decision is the right of every citizen.”

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.