Home / Dada Pota Show (page 10)

Dada Pota Show

PM Imran Khan Visit China FTA Iran Wheat Crop LSM Political Economy Dada Pota Show 22-04-2019

Dada Pota Show of 22-04-2019. The only program of business and economy in Pakistan.

PM Imran Khan Visit China FTA Iran Wheat Crop LSM Political Economy Dada Pota Show 22-04-2019

Dada Pota Show 22-04-2019 based on PM Imran Khan Visit China FTA Iran Wheat Crop LSM Political Economy. Today, Dada G shared his opinion on important news that PM Imran Khan to visit China from April 25. Youtube: Prime Minister Imran Khan, on the invitation of Chinese President Xi Jinping, will be visiting China from 25th of April to attend the 2nd Belt and Road Forum in Beijing. This is PM Imran Khan’s second visit to China. Earlier he had paid a state visit to China in November last year.
Chinese President Xi Jinping will inaugurate the Belt and Road Forum on 26th April, Radio Pakistan reported. Leaders from 40 countries and delegations from over 100 countries, international organizations and corporate sector would participate in the event. During the visit, the Prime Minister will be accompanied by a ministerial delegation. He will deliver a keynote speech in the opening ceremony of the Belt and Road Forum and participate in the Leaders’ Round Table. He would also hold meetings with several Heads of State, Government and corporate and business leaders. The Prime Minister would also hold bilateral meetings with President Xi Jinping and Premier Li Keqiang. Pakistan and China will also sign several MoUs and Agreements to enhance bilateral cooperation in diverse areas. The Prime Minister will also attend Beijing International Horticulture Exhibition-2019 and address Pakistan Trade and Investment Conference in Beijing.

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.

Asad Umar Removed Finance Minister Cement Prices FBR Undeclared Assets Dada Pota Show 19-04-2019

Dada Pota Show of 19-04-2019. The only program of business and economy in Pakistan.

Asad Umar Removed Finance Minister Cement Prices FBR Undeclared Assets Dada Pota Show 19-04-2019

Dada Pota Show 19-04-2019 based on Asad Umar Removed Finance Minister Cement Prices FBR Undeclared Assets. Today, Dada G shared his opinion on important news that Asad Umar resigns as finance minister. Youtube: Pakistan Tehreek-e-Insaf (PTI) Member National Assembly (MNA) Asad Umar has decided to quit as the finance minister of Pakistan, Dunya News reported on Thursday. The PTI leader held a press conference in Islamabad and told that he conducted a detailed meeting with Prime Minister Imran Khan after his proposal of reshuffling of the cabinet. “I convinced the premier to allow me to step down from the cabinet,” he said. “I thank Imran Khan for inviting me to join PTI and to put his trust in me. My support will always be PTI which will make naya (new) Pakistan. “I have had an amazing journey in Pakistan Tehreek-e-Insaf since April 18, 2012 – the day I joined the party. “I enjoyed a lot of success and faced difficult times as well. I specially thank PTI supporters and social media volunteers for their tremendous support. “Special gratitude goes to the people of NA-48 and NA-54 for electing me. “The economy of Pakistan – when I took charge – was in the most dangerous condition and we could have fallen into a pitfall if correct and bold decisions had not been made. “The economic condition improved during my tenure and the figures verify the claim. “Although the new finance minister will assume the office in a relatively better position, still difficult decisions will have to be made. “The economy is going towards betterment but finance ministry is still the second most difficult job in Pakistan after the premiership. “The people should show patience and support tough decisions. Choices made in haste may drop the economy back into the pitfall.” Earlier, the PTI leader took to Twitter and informed that Prime Minister Imran Khan asked him to take the energy minister portfolio instead of finance. Asad Umar continued that he has decided not to take any cabinet position after the premier’s consent. He said he strongly believes Imran Khan is the best hope for Pakistan.
The development has occurred amidst an economic crisis. Imran Khan had expressed dissatisfaction over Asad Umar’s performance earlier as well. Asad Umar had claimed that the country’s economy had recovered from an “ICU state” after talks with the International Monetary Fund (IMF) entered the final stage. “The PTI government inherited a very sick patient that had been taken out of the ICU [Intensive Care Unit]. The government, therefore had to take emergency measures,” the minister had said. Asad Umar was sworn in as the Federal Minister for Finance, Revenue, and Economic Affairs in the federal cabinet of Prime Minister Imran Khan on August 20, 2018.

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.

Sukuk Bonds Housing Program China FTA Textile Orders Imran Khan Visit Iran Dada Pota Show 18-04-2019

Dada Pota Show of 18-04-2019. The only program of business and economy in Pakistan.

Sukuk Bonds Housing Program China FTA Textile Orders Imran Khan Visit Iran Dada Pota Show 18-04-2019

Dada Pota Show 18-04-2019 based on Sukuk Bonds Housing Program China FTA Textile Orders Imran Khan Visit Iran. Today, Dada G shared his opinion on important news that Govt can float Sukuk to raise funds for housing programme. Youtube: The capital market of Pakistan has been receiving a Shariah-compliant investment instrument – called Sukuk – for the past couple of decades. The Islamic finance segment in Pakistan has expanded significantly with the issuance of many Shariah-compliant products, especially by the corporate and public sectors. Sukuk has also attracted the attention of investors in western countries as a reliable source of investment, which is based on the ownership of assets. Most recently, the federal government on March 1, 2019 issued the first-ever Pakistan Energy Sukuk-I (PES-1) worth Rs200 billion ($1.45 billion). The bond float came with the objective of reducing circular debt in the energy sector as eliminating the circular debt, which has piled up to Rs1.4 trillion, is a key part of ongoing bailout talks with the IMF. Since coming to power in August 2018, the PTI government has been facing challenges on many fronts such as the balance of payments crisis, sharp rupee depreciation and drain on foreign currency reserves. With such huge challenges, the government is searching for new sources of financing. The total size of the PES-I Sukuk was Rs400 billion, which was agreed in November last year. However, in the first phase, Sukuk of Rs200 billion was issued to a consortium of Meezan Bank (Rs88 billion), Faysal Bank (Rs35 billion), BankIslami Pakistan (Rs35 billion), Dubai Islamic Bank Pakistan (Rs14.15 billion), MCB Islamic Bank (Rs10 billion), Al Baraka Bank Pakistan (Rs8.9 billion) and other banks (Rs9 billion). The 10-year Pakistan Energy Sukuk is a redeemable capital instrument under Section 66 of the Companies Act 2017 with face value of Rs100,000 each. The profit rate is six-month Kibor plus 80 basis points per annum. The bond has a clause that says in case of failure to make timely payment of profit, an additional amount will be paid at the rate of 120 basis points per annum to the investors. The Sukuk is backed by assets of the Water and Power Development Authority (Wapda), the power generation companies’ (Gencos) holding company and power distribution companies of Peshawar, Islamabad, Gujranwala, Lahore, Faisalabad and Multan. Although with the recent issue the Sukuk market has got a boost, it needs further development in terms of structure and legal documents. An increase in Sukuk issues can provide an additional opportunity for Islamic banks to park their surplus liquidity and help strengthen industrial and national growth. Since the inception of Sukuk in Pakistan, eight such instruments have been issued with a cumulative value of around Rs1.2 trillion. Of these, public-sector Sukuk has dominated the market with a value of approximately Rs900 billion issued directly by the government whereas around Rs150 billion of Sukuk has been floated by public-sector organisations. Apart from these, corporate Sukuk issues have a value of Rs170 billion. The government of Pakistan has also approached global capital markets – first in 2005 with a $600-million Sukuk and then of $1-billion Sukuk in 2014, 2016 and 2017 each.

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 IMF Agreement Gas Prices Currency Market Euro Bond Political Economy Dada Pota Show 17-04-2019

Dada Pota Show of 17-04-2019. The only program of business and economy in Pakistan.

Pakistan IMF Agreement Gas Prices Currency Market Euro Bond Political Economy Dada Pota Show 17-04-2019

Dada Pota Show 17-04-2019 based on Pakistan IMF Agreement Gas Prices Currency Market Euro Bond Political Economy. Today, Dada G shared his opinion on important news that Pakistan to sign $6-8 billion agreement with IMF: Asad Umar. Youtube: Finance Minister Asad Umar revealed on Monday that Pakistan would sign a bailout agreement with International Monetary Fund (IMF) that would be worth $6-8 billion.

Briefing the National Assembly’s Standing Committee on Finance, Revenue and Economic Affairs chaired by Faizullah Kamoka, the finance minister said the IMF finalised a bailout package for Pakistan during talks between the two sides at a recent visit by the Pakistani delegation to the United States.

Pakistan would receive funds from the World Bank and Asian Development Bank immediately following the IMF bailout, he said.

Umar said the IMF package would ease off pressure from the country’s foreign reserves.

External account pressure reduced Pakistan’s international reserves to $6.6 billion by mid-January 2019, but with short-term financing from Saudi Arabia, the United Arab Emirates and China, foreign reserves increased to $10.5 billion at the end of March.

The finance minister further assured that the capital market would also improve following the IMF programme.

Umar told the committee that an IMF mission will visit Islamabad during the last week of April, which is when the bailout package amount will be finalised.

Speaking to media later, he said the public will not be impacted by the IMF agreement, and the government has no plans to raise electricity prices, the minister said.

Umar said he met with Financial Action Task Force (FATF) President Marshall Billingslea during the US visit, who assured him that any decision would be taken on technical grounds.

Pakistan will send a draft detailing its implementation on FATF’s recommendations by today, he said. A delegation of FATF will visit Pakistan in the third week of May to review the implementation efforts.

IMF did not object to an asset declaration scheme proposed by Pakistan, sources said earlier, pointing out that Pakistan had already shared a draft of the proposed scheme with the IMF and the FATF.

Asad Umar is also set to meet Prime Minister Imran Khan and take him into confidence regarding the IMF talks.

Information Minister Fawad Chaudhry, speaking to media earlier today, said the finance minister will inform the nation regarding the IMF agreement in the coming days.

Chaudhry said the country can expect some major news about the economy within the next two days. “Pakistan’s economy is moving towards strength,” he said, adding that there had been “positive progress” with the Paris-based anti-terror laundering watchdog FATF as well. Meanwhile, Minister of State for Revenue Hamad Azhar said an agreement in principle had been reached on all outstanding issues with IMF during the finance minister’s recent successful visit to the US. He said technical details and formalities would now be finalised during the IMF’s staff-level visit to Pakistan later this month.

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.