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IMF Pakistan Economic Growth Zainab Murderer Arrested Punjab University Clash Dada Pota Show 24-01-2018

Dada Pota Show of 24-01-2018. The only program of business and economy in Pakistan.

IMF Pakistan Economic Growth Zainab Murderer Arrested Punjab University Clash Dada Pota Show 24-01-2018

Dada Pota Show 24-01-2018 based on detailed discussion on IMF, Pakistan Economic Growth, Zainab Murderer Arrested & Punjab University Clash.

Today, Dada G shared his opinion on important news that Growth in Pakistan expected to pick up in 2018, 2019: IMF & Kasur rape case, Murderer of 8-year-old Zainab arrested

Growth in Pakistan is expected to pick up in 2018 and 2019, but it will be subdued, the International Monetary Fund (IMF) noted on Monday in its update of the World Economic Outlook. The report was launched on the opening day of the World Economic Forum meeting in Davos, Switzerland. Pakistan achieved a growth rate of 5.3% during fiscal year 2016-17, the highest in a decade, but it was short of the government’s targeted 5.7%. Despite being held back by subdued growth in the manufacturing and agriculture sectors, Pakistan’s economy has been showing an upward trend in the first six months of the ongoing fiscal year. With the target for 2017-18 set at 6%, most believe the economy would be able to continue its growth, if not meet the goal.

The IMF also revised up its forecast for world economic growth, saying sweeping tax cuts in the US were likely to boost investment in the world’s largest economy and help its main trading partners. The report noted that growth in Middle East, North Africa, Afghanistan and Pakistan region is also expected to pick up in 2018 and 2019, but it will remain subdued. The IMF underlined the need for economic efficiency, inclusiveness of growth and the urgency to take measures that will counter next global downturn. This is the first time that the World Economic Outlook Update has been launched in Davos.

Global growth has been accelerating since mid-2016, and all signs point to a further strengthening both this year and the next, said Christine Lagarde, the managing director of the IMF. While this is welcoming news, she cautioned that any kind of complacency would be a mistake. “We certainly should feel encouraged, yet we should not feel satisfied,” she added. The IMF said that the current economic position might appear to be a sweet spot for the global economy, but prudent policymakers must look beyond the near term. It encouraged global leaders to build policy buffers, reinforce defence against financial instability and invest in structural reforms.

The IMF managing director said that there are still far too many people left out from the recovery. In fact, about one fifth of the emerging markets and developing countries saw their per capita incomes decline in 2017. At the same time, while growth is higher, it is mostly cyclical. Absent reforms, the fundamental forces that had us worried about the “new mediocre” – and future growth potential – will remain in place, she added. The IMF official said that there is also significant uncertainty in the year ahead. The long period of low interest rates has led to a build-up of potentially serious financial sector vulnerabilities. “We are seeing a troubling increase in debt across many countries and we need to remain watchful.”

This week is a perfect opportunity for world leaders to focus on those repairs. The theme of this year’s WEF annual meeting is: ‘Creating a shared future in a fractured world. She said that the shared future will depend upon shared growth. “The policymakers should use this moment to make the difficult structural and fiscal reforms that might not happen otherwise. “This means taking steps to boost long-term growth, paying down debt in places where it is too high, and in other places, investing back into the economy through infrastructure and effective social spending. “The growth needs to be more inclusive, not only across countries but also within them. Some areas of focus include training for workers displaced by automation, new opportunities for young people, and bringing more women into the labor force.”

She said that there should also be shared global responsibility. “We need robust international cooperation if we are going to tackle shared problems – including fighting corruption, improving the international trading system, tackling tax evasion, and addressing climate change.” The IMF said that in advanced economies where output is close to potential, still muted wage and price pressures call for a cautious and data dependent monetary policy normalisation path.

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.

SBP GDP Growth PTI Resignations GSP Plus Status Political Economy Dada Pota Show 23-01-2018

Dada Pota Show of 23-01-2018. The only program of business and economy in Pakistan.

SBP GDP Growth PTI Resignations GSP Plus Status Political Economy Dada Pota Show 23-01-2018

Dada Pota Show 23-01-2018 based on detailed discussion on SBP, GDP Growth, PTI Resignations, GSP Plus Status & Political Economy.

Today, Dada G shared his opinion on important news that Pakistan economy set to achieve 6% GDP growth & GSP Plus linked to Asia Bibi. 

The State Bank of Pakistan (SBP) said yesterday that prospects for economic growth remain strong, noting that the economy is poised to achieve the growth target of 6% for 2017-18. In its first quarterly report on the state of the economy, the SBP said rising income levels of consumers are fuelling retail sales and commercial activities. However, there was an urgent need for finding more avenues for foreign exchange earnings and realigning policies favouring exports growth by addressing long-term structural impediments. “For the external sector, recent gains in exports growth and foreign direct investments (FDI) while significant were not enough to contain the overall balance-of-payments deficit,” said the report.

It added that the widening of the current account deficit associated with increased economic activity is a recurrent phenomenon in Pakistan and has undermined maturing growth cycles in the past. While the report expressed satisfaction over the increased revenue in the first quarter of 2017-18, it said that earlier efforts aimed at increasing the tax base need to be more concerted and perhaps require new, innovative methods. The report raised the question whether the economy is doing well enough to sustain the virtuous equilibrium of high growth-low inflation into the medium and long terms. The report stressed the need for addressing the long-standing structural reforms in the fiscal and the external sectors for sustainability. The report analysed the recent growth in exports and identified three reasons for it. Uninterrupted energy supplies to the manufacturing sector, increasing global demand and commodity prices and the recent exchange rate deprecation.

What stands out is the role of a benign inflationary environment for some time now that has helped spur the expansion in economic activities. Low and stable prices have facilitated and eased the process of economic decision-making. “More tangibly, falling inflation along with healthy agriculture output and stable exchange rate has resulted in higher real rural incomes and urban wages. The resultant boost in consumption forms an integral part of the current economic growth paradigm,” said the report. Low inflation has also allowed the SBP to cumulatively cut the policy rate by 425 basis points since the autumn of 2014. The report suggested that average inflation in 2017-18 would remain below its annual target of 6%.

However, there are two major risks to this inflation forecast: first, recent exchange rate depreciation through expectations channel and, after some lag, through the higher imported goods’ price can seep into domestic prices; second, uncertain global oil prices pose both upside and downside risks. The report said in the first quarter, the fiscal deficit was 1.2% of gross domestic product, lower than 1.4% recorded in the corresponding period of the last year. Total revenue recovered strongly, showing an 18.9% increase in the three-month period against an 8% decline in the same period a year ago. “Against this, consolidated federal and provincial expenditures grew 12.8% compared to 2.8% increase in the same period last year,” said the report.

A worker inspects fabric on looms at a textile manufacturing unit in Karachi. The State Bank of Pakistan said yesterday that prospects for economic growth remain strong in Pakistan, noting that the economy is poised to achieve the growth target of 6% for 2017-18.

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.

Rao Anwaar Prime Minister Invest in Pakistan Import Duty Political Economy Dada Pota Show 22-01-2018

Dada Pota Show of 22-01-2018. The only program of business and economy in Pakistan.

Rao Anwaar Prime Minister Invest in Pakistan Import Duty Political Economy Dada Pota Show 22-01-2018

Dada Pota Show 22-01-2018 based on detailed discussion on Rao Anwaar, Prime Minister, Invest in Pakistan, Import Duty & Political Economy.

Today, Dada G shared his opinion on important news that Abbasi to make ‘Invest in Pakistan’ pitch at Davos gathering.

Prime Minister Shahid Khaqan Abbasi will make a “Invest in Pakistan” pitch to a gathering of wealthy business executives and powerful world leaders at the World Economic Forum (WEF) in the Swiss ski resort of Davos next week. More than three-thousand elite, social activists and media representatives will attend the 48th annual meeting of the WEF, starting Monday. Pakistan’s presence at the high-profile event will increase this year when for the first time a Pakistan pavilion will be established. A two-day conference on the sidelines will feature discussions, panels and receptions on Pakistan’s economy and gender empowerment. Nobel Peace Prize winner Malala Yousafzai and Dr Sania Nishtar, President Heartfile, a think tank focused on finding innovative solutions for improving health systems in Pakistan, are among the participants.

This year’s theme is “Creating a Shared Future in a Fractured World” amid a wave of protectionism across Europe and the US that has stirred fears among the champions of free world trade. Indian Prime Minister Narendra Modi will inaugurate the meeting on Tuesday and US President Donald Trump will address the closing ceremony on Friday with his “America First” message, which is in contrast to the theme of the annual gathering. Unlike last year when former prime minister Nawaz Sharif did not address any of the more than 400 sessions, Abbasi will speak at the Belt and Road Impact session along with five other panelists. Chan Chun Sing, Minister in the office of Singaporean prime minister, and Jin Liqun, President of Asian Infrastructure Investment Bank, are among the panelists.On the sidelines, Abbasi is also scheduled to speak about geopolitical changes in South Asia and adjacent regions, and the positive impact of the China-Pakistan Economic Corridor at the Pakistan Breakfast event. It is being organised by the PathFinder Group of Pakistan.

Foreign Minister Khawaja Muhammad Asif, Minister of National Health Services Saira Afzal Tarar, Minister of State for Information Broadcasting Marriyum Aurangzeb and Minister of State for Information Technology Anusha Rahman will accompany the premier. The prime minister will interact with both the government and business leaders, but the focus will be on encouraging the private sector to invest in Pakistan, according to an official of the Prime Minister’s Office. Abbasi will rub shoulders with powerful politicians, chief executives, central bankers, Wall Street investors and regulators from across the world. An unprecedented participation is expected from global leaders including 70 heads of state or government and 38 heads of major international organisations as well as the largest ever presence of women leaders, according to the event organisers.

In addition to the Indian prime minister and the US president, the heads of state will include Italian Prime Minister Paolo Gentiloni, French President Emmanuel Macron, British Prime Minister Theresa May, Canadian Prime Minister Justin Trudeau, Argentinian President Mauricio Macri, Brazilian President Michel Temer, Israeli Prime Minister Benjamin Netanyahu, Colombian President Juan Manuel Santos and Lebanon’s Council of Ministers President Saad Al-Hariri.

Pakistan’s minister of state for information technology will participate in two sessions at the WEF. She will speak at the “Strategic Geography: Connected Corridors” and on “Protecting the Digital Civic Space”.

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.

Opposition Alliance Political Strategy Foreign Assets Amnesty Scheme Dada Pota Show 19-01-2018

Dada Pota Show of 19-01-2018. The only program of business and economy in Pakistan.

Opposition Alliance Political Strategy Foreign Assets Amnesty Scheme Dada Pota Show 19-01-2018

Dada Pota Show 19-01-2018 based on detailed discussion on Opposition Alliance, Political Strategy & Foreign Assets Amnesty Scheme.

Today, Dada G shared his opinion on important news that Foreign assets: One-time tax amnesty scheme on the cards?

Prime Minister Shahid Khaqan Abbasi has hinted at announcing a one-time tax amnesty scheme aimed at bringing back foreign assets of Pakistanis from abroad.

Speaking at Pakistan Economic Forum (PEF) organized by Pakistan Business Council here on Wednesday, the Prime Minister also shared his plan to broaden the dismally narrow tax base of the country, stating that lowering tax rates for individuals, bringing the wealthy into tax net and dealing with the tax evasion through use of technology are the salient features of his plan to broaden the tax net.

The Prime Minister stated that the government will bring one-time tax amnesty scheme and deal with the tax evasion issue with the help of NADRA. Abbasi stated that it is priority of his government to broaden the tax base by bringing potential individuals into the tax net.

The Prime Minister was of the view that higher corporate tax rates will also be brought down. He regretted that number of 1.2 million filers as well as contribution by individuals in the total revenue collection is very low.

The Prime Minister claimed that out of total Rs4 trillion revenue collected by Federal Board of Revenue (FBR), the tax paid by individuals was only Rs200 billion.

The Prime Minister emphasized the need for some remedial measures to lower tax slabs for individuals and corporate taxpayers and increase minimum limit to broaden the tax base. He was of the view that decline in revenue collection on account of slash in tax rates will be offset by bringing the potential individuals into tax net.

The Prime Minister recounted that his party’s manifesto of 2013 elections was to improve law and order, overcome energy crisis and turn around the economy. Four-and-a-half-year down the road, Abbasi stated the law and order has improved significantly. The government has not only been able to almost overcome the energy crisis but has also initiated projects to cater for future demands. He assured that there will be sufficient power by 2030.

The Prime Minister stated that there is a challenge of dealing with the system inefficiencies creating circular debt. He stated that system inefficiencies and circular debt are source of concern for the government.

The Prime Minister stated that lower exports are of grave concern for the government as it wants the country’s exports of $20 billion to be doubled. Abbasi stated that Pakistan’s exports need to be more competitive to grab their share in the global market. He said the government can facilitate the exporters and manufacturers to achieve the desired results. The Prime Minister stated that China-Pakistan Economic Corridor (CPEC) is a big opportunity for the country and there is need to identify benefits for Pakistan.

Speaking on the occasion, former Governor State Bank of Pakistan Dr Ishrat Hussain suggested the government to ensure continuity of export package to increase exports and follow the Indonesian model of amnesty scheme for bringing back foreign assets from abroad. He stated that Indonesia was able to bring back $20-40 billion by offering amnesty scheme. He also pointed out discrepancies in foreign direct investment (FDI) numbers reported by the SBP and machinery imports of Chinese projects. He stated that discrepancy in numbers increased from $2 billion to $4 billion.

Hussain said that he also suggested the government that Pakistan Remittance Initiative (PRI) has been done and now other ways should be explored to channel the money through banking system. 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.