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ECC Import Urea US AID Mangla Dam Asad Umar Moody’s Political Economy Dada Pota Show 14-12-2018

Dada Pota Show of 14-12-2018. The only program of business and economy in Pakistan.

ECC Import Urea US AID Mangla Dam Asad Umar Moody’s Political Economy Dada Pota Show 14-12-2018

Dada Pota Show 14-12-2018 based on ECC Import Urea US AID Mangla Dam Asad Umar Moody’s Political Economy.

Today, Dada G shared his opinion on important news that ECC orders imported urea supply to farmers.

The Economic Coordination Com­mit­tee (ECC) of the Cabinet on Wednesday ordered immediate transportation of imported urea into the market.

The directives were issued when the meeting of the ECC, presided over by Finance Minister Asad Umar, was informed about the arrival of imported shipments.

The government had ordered about 100,000 tonnes of urea in September to beef up supplies in the market in view of some domestic shortages.

Informed sources said the committee was told that handling of imported urea quantities at the port ­facilities faced some initial delays because of liquefied natural gas (LNG) supplies. Whenever an LNG ship is either berthing or sailing, the channel is closed to other vessels for safety reasons. However, the issue has now been resolved and arrangements were now in place for supplies 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.

Mini Budget Taxes Gwadar 300MW Power Plant Exports Decline Gas Crisis Dada Pota Show 13-12-2018

Dada Pota Show of 13-12-2018. The only program of business and economy in Pakistan.

Mini Budget Taxes Gwadar 300MW Power Plant Exports Decline Gas Crisis Dada Pota Show 13-12-2018

Dada Pota Show 13-12-2018 based on Mini Budget Taxes Gwadar 300MW Power Plant Exports Decline Gas Crisis.

Today, Dada G shared his opinion on important news that Govt likely to present mini-budget.

The government may be compelled to present a mini-budget with Rs 100 billion shortfall in budgeted revenue during the first four months of the current year with informed sources maintaining that various tax proposals are under consideration to bridge the shortfall. The tax authorities are said to be working on different proposals to manage the challenge on the fiscal side including imposition of the standard rate of 17 percent sales tax on petroleum and products, raising duties/tariff rationalization on imports as well as increasing excise duty on some luxury commodities. An official of Finance Ministry told this correspondent that the tax relief provided by the previous government in April 2018 budget with elections 2018 in mind created enormous difficulties for the tax authorities to meet the unrealistic revenue targets and, to compound the problem, the present government has so far been pursuing ‘business as usual’ approach that would simply exacerbate the fiscal challenges facing the country. The budget deficit of 1.4 percent during the first quarter of the current fiscal year, as opposed to 1.2 percent in the same period of last year, is worrisome for the Finance Division. He attributed the higher budget deficit to a shortfall of Rs 100 billion in revenue collection during July-November 2018, a rise of 67 percent relative to Rs 61 billion shortfall for the same period a year before. The gap between actual tax collection and the monthly target has been rising every month and the shortfall is expected to rise in December and continue to do so unless fiscal measures are taken to plug it. That means a mini-budget, the official added ominously. The official further stated that implementation of any additional tax proposals in a mini budget would require another amendment in Finance Act 2018. Finance Supplementary (Amendment) Bill 2018 passed by the present assembly was unrealistic and the biggest shortfall so far is in the mobilization of Rs 92 billion through use of technology – a source of revenue that the tax officials had warned Finance Minister Asad Umer would be a challenge. He added that no one knows what has happened to the notices issued to the potential tax payers so far. Former finance minister Dr Salman Shah emphasized the need to rationalize expenditure and suggested that savings must be generated by the provinces as well due to the serious challenge on the fiscal side. Shah added that the size of the PSDP has already been reduced and if provinces are also able to reduce their current expenditure, then the federal government may not have to impose taxes though a mini budget to bring the budget deficit to a sustainable level. He acknowledged that challenges on fiscal side are serious.

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.

Pak China CPEC World Bank Pakistan Blacklist Religious Freedom Violations Dada Pota Show 12-12-2018

Dada Pota Show of 12-12-2018. The only program of business and economy in Pakistan.

Pak China CPEC World Bank Pakistan Blacklist Religious Freedom Violations Dada Pota Show 12-12-2018

Dada Pota Show 12-12-2018 based on Pak China CPEC World Bank Pakistan Blacklist Religious Freedom Violations.

Today, Dada G shared his opinion on important news that New areas of cooperation: Pakistan, China agree to expand CPEC & US adds Pakistan to blacklist for ‘religious freedom violations’.

Pakistan and China Monday resolved to work together towards completion of the ongoing projects under the China-Pakistan Economic Corridor (CPEC), besides expanding it to new areas of cooperation. This was agreed in the first round of Political Consultations between Pakistan and China held in the Ministry of Foreign Affairs. Foreign Secretary Tehmina Janjua led the Pakistani delegation whilst Chinese side was led by Chinese Vice-Foreign Minister Kong Xuanyou. “Both sides held comprehensive discussions on the entire gamut of bilateral relations,” the Foreign Office said in a statement, adding that the two sides reaffirmed “All Weather Strategic Cooperative Partnership” between the two countries and expressed their satisfaction at the strong bilateral ties in political, economic, security, cultural and other spheres. The two sides also agreed to build upon the consensus reached between the leadership of two countries during the visit of Prime Minister Imran Khan to China, it stated, adding that the Pakistani side conveyed that the CPEC is a national priority for the government and Pakistan remains committed to the successful implementation of CPEC. “The two sides also resolved to work together towards completion of the ongoing projects and agreed to expand CPEC to new areas of cooperation in line with the vision of the leadership of Pakistan,” it said. Earlier, the Chinese leadership had reportedly expressed concerns over the statements by some PTI government’s officials with regard to reviewing the CPEC projects following which the funding of some projects was reduced.

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.

FATF Money Laundering SBP FIA FBR DRAP Drug Prices Political Economy Dada Pota Show 11-12-2018

Dada Pota Show of 11-12-2018. The only program of business and economy in Pakistan.

FATF Money Laundering SBP FIA FBR DRAP Drug Prices Political Economy Dada Pota Show 11-12-2018

Dada Pota Show 11-12-2018 based on FATF Money Laundering SBP FIA FBR DRAP Drug Prices Political Economy.

Today, Dada G shared his opinion on important news that Reforms in SBP, FBR needed to prevent laundering, officials tell Asad Umar.

The finance ministry officials informed minister Asad Umar that reforms in the State Bank of Pakistan and Federal Investigative Agency (FIA) are need of the hour to prevent money laundering from the country, informed sources.

The recommendations were given in a session held on the FATF chaired by the finance minister on Saturday. The official complaint to the minister that the Federal Board of Revenue doesn’t send the detected money laundering cases to the FIA. The sources said that the officials told Umar that the criteria of selecting bank presidents lack transparency, as people who do not have clean records of handling transactions are often selected for the posts. It was informed that the private banks sent records of over a thousand suspicious bank transactions to the State Bank of Pakistan, adding that as many as Rs218 billion worths of transactions were detected from 284 fake accounts. The sources said that the officials told the finance minister that Karachi-based Omni group was involved in money laundering of as many as Rs94 billion via 235 bank accounts. They added that Rs73 billion were laundered abroad via 25 bank accounts of a commercial bank based in Punjab, while Rs25 billion via 25 other accounts. During the meeting state bank, FBR, FIA and Financial monitoring units complaint of lack of cooperation within the institutes.

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.