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Ishaq Dar Resignation Saudi Arabia Multiple Visa PSDF Political Economy Dada Pota Show 20-11-2017

Dada Pota Show of 20-11-2017. The only program of business and economy in Pakistan.

Ishaq Dar Resignation Saudi Arabia Multiple Visa PSDF Political Economy Dada Pota Show 20-11-2017

Dada Pota Show 20-11-2017 based on detailed discussion on Ishaq Dar Resignation, Saudi Arabia Multiple Visa, PSDF & Political Economy.

Today, Dada G shared his opinion on important news that Ishaq Dar agreed to resign, then changed mind & Saudi Arabia to offer 2-year multiple visas to Pakistani businessmen.

Finance Minister Ishaq Dar had agreed to resign from his position but later on changed his mind, sources informed Geo News on Sunday.

However, Dar’s decision to continue on post irked some of the senior leaders of Pakistan Muslim League-Nawaz, according to sources. A trusted source shared that Prime Minister Shahid Khaqab Abbasi had asked Ishaq Dar to resign because of his absence from Pakistan due to his medical treatment. The PM had asked Dar to resign after speaking to PML-N President Nawaz Sharif and Punjab Chief Minister Shehbaz Sharif, source said.

It has been learnt reliably that PM Abbasi asked Ishaq Dar to step aside in the view of the current circumstances – to which Ishaq Dar initially agreed. “Ishaq Dar agreed that he will resign and there are several witnesses who can vouch for that,” said the source.

The source, on condition of anonymity, revealed that Shehbaz Sharif robustly reasoned with Ishaq Dar that he should step aside as his absence from Pakistan isn’t sending a good message, and that the PM was right in his demand that Dar should step aside.

The matter was discussed in detail with former Prime Minister Nawaz Sharif, who advised Dar that it was right decision to resign and that an economics advisory council should be formulated to run affairs related to economy, said the source.

He added that Nawaz Sharif suggested that till next general elections this economics advisory council, comprising around five members, shall run financial affairs of the country under the guidance of Shahid Khaqan Abbasi.

The source said it was decided that Ishaq Dar will resign over the weekend and Dar had agreed but he backtracked on his promise stating that his resignation will send a wrong message.

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.

Targeted Killings Balochistan Imran Khan Disqualification Case TAPI Gas Pipeline FDI Dada Pota Show 17-11-2017

Dada Pota Show of 17-11-2017. The only program of business and economy in Pakistan.

Targeted Killings Balochistan Imran Khan Disqualification Case TAPI Gas Pipeline FDI Dada Pota Show 17-11-2017

Dada Pota Show 17-11-2017 based on detailed discussion on Targeted Killings Balochistan, Imran Khan Disqualification Case, TAPI Gas Pipeline & FDI.

Today, Dada G shared his opinion on important news that Two major terror incidents rock Balochistan.

Two major terror incidents rocked Balochistan on Wednesday as Superintendent of Police (SP) Muhammad Illyas, his wife, son and a grandson were martyred in firing by unknown militants in the Nawan Kali area of Quetta, while bodies of 15 kidnapped illegal migrants were found in the Kech district of the province.

Deputy Inspector General (DIG) Police Abdul Razzaq Cheema told a private news channel that armed men sprayed bullets on the vehicle of SP Muhammad Ilyas (Investigation), Quetta City, due to which he, his wife, son Adeel and six-year-old grandson were martyred. A two-and-a-half-year-old granddaughter of the SP and a passer-by were also injured in the attack.

Rescue officials said the injured were shifted to the trauma centre of the Civil Hospital in Quetta. Abdul Razzaq Cheema said the assailants sped away on their motorcycle after the attack. Police and personnel of Frontier Corps (FC) reached the spot soon after the attack and started an investigation.

The attack comes a week after another senior officer was killed in a suicide attack in the city. Nobody claimed responsibility for the attack but militant and separatist groups have targeted police in the province in the past.

Balochistan Chief Minister Nawab Sanaullah Khan Zehri, while condemning the attack, instructed the relevant authorities to ensure the arrest of attackers.  Earlier, officials recovered the bullet-riddled bodies of 15 illegal migrants near the Iranian border.

Levies personnel found the bodies in the mountainous area of Buleda Tehsil, district Kech. Commissioner Makran Division Bashir Ahmed said these bodies were found on Tuesday night. They were trying to go out of the country illegally. Armed men removed them from their vehicle and shot them dead.

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.

Ishaq Dar Non-Bailable Warrants ADB CPEC India Diamer-Bhasha Dam Dada Pota Show 16-11-2017

Dada Pota Show of 16-11-2017. The only program of business and economy in Pakistan.

Ishaq Dar Non-Bailable Warrants ADB CPEC India Diamer-Bhasha Dam Dada Pota Show 16-11-2017

Dada Pota Show 16-11-2017 based on detailed discussion on Ishaq Dar, Non-Bailable Warrants, ADB, CPEC, India & Diamer-Bhasha Dam.

Today, Dada G shared his opinion on important news that Court issues non-bailable warrants against Finance Minister Ishaq Dar.

The accountability court hearing the corruption case against Finance Minister Ishaq Dar issued non-bailable warrants after the minister failed to appear in court today. The court also issued a notice to Dar’s guarantor for failing to ensure the presence of the minister. Earlier, as the hearing began, Judge Mohammad Bashir inquired from Dar’s guarantor, Ahmad Ali Qudoosi, when the minister will appear in court. Qudoosi replied that Dar, presently in London for heart treatment, will fully recover in three to six weeks. The finance minister, who skipped the previous three hearings on account of medical treatment, is accused by the National Accountability Bureau (NAB) of possessing assets disproportionate to his declared sources of income. The court then briefly adjourned proceedings as the NAB investigation officer had not appeared in court. Later, as the hearing resumed, the court issued non-bailable warrants for Dar’s arrest. The hearing was then adjourned until November 21.

Last hearing

At the last hearing, Dar’s secondary counsel, Ayesha Hamid, requested the court to grant her client exemption from appearance on medical grounds and continue with the case by approving the appointment of a legal representative (pleader). However, Judge Mohammad Bashir dismissed the request and ordered the continuation of the bailable warrants.

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.

Governmental Borrowing CCI Oil Refineries Trade Deficit Political Economy Dada Pota Show 15-11-2017

Dada Pota Show of 15-11-2017. The only program of business and economy in Pakistan.

Governmental Borrowing CCI Oil Refineries Trade Deficit Political Economy Dada Pota Show 15-11-2017

Dada Pota Show 15-11-2017 based on detailed discussion on Governmental Borrowing, CCI, Oil Refineries, Trade Deficit & Political Economy.

Today, Dada G shared his opinion on important news that Cabinet allows $3b borrowing through Sukuk, Eurobonds & CCI approves delimitation on provisional census results.

The federal cabinet has allowed immediate borrowing of up to $3 billion from international debt markets by floating three sovereign bonds and has also waived a dozen taxes to make deals attractive for investors. Instead of tabling a summary in a cabinet meeting, the finance ministry got approval of the cabinet by circulating the summary among its members earlier this month. This is surprising as the federal cabinet meets every week. Pakistan is going to float the bonds in the largest transaction to take pressure off the central bank’s foreign exchange reserves that are depleting at a rapid pace. Earlier, the government borrowed $2 billion in 2014 through similar capital market transactions.

In its first four years, the PML-N government took gross $35 billion in foreign loans to shore up the foreign currency reserves, finance the external account and return previous loans. According to the summary approved by the cabinet, the finance ministry can float multiple bonds in the range of $2 billion to $3 billion. A consortium of banks have initially indicated that five-year Sukuk (Islamic bond), ten-year Eurobond and another 30-year Eurobond with combined proceeds of around $2 to $3 billion can be floated, according to the finance ministry.

The exact size will, however, be determined on the basis of market appetite and pricing, according to the summary signed by the finance secretary. It will be for the first time that Pakistan will float a 30-year dollar-denominated Eurobond, but the decision to sell it will depend on the interest rates that the investors will seek. Higher maturity bonds are issued at relatively higher interest rates.

The cabinet waived a dozen income taxes to make the float attractive for foreign investors. It waived taxes on profit on debt, minimum 1% income tax, advance tax, dividend tax, taxes on payments to non-residents, taxes on payment of contract fee to financial advisers, taxes collected by the Pakistan Stock Exchange and National Clearing Company of Pakistan, and taxes on the auction and purchase of immovable property.

“If these taxes are not exempted, the transaction cost will make Sukuk issue undesirable for international investors, resulting in higher pricing for the country,” said the finance ministry.

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.