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Monetary Policy SBP Interest Rate US Dollar Pak Rupee Political Economy Dada Pota Show 03-12-2018

Dada Pota Show of 03-12-2018. The only program of business and economy in Pakistan.

Monetary Policy SBP Interest Rate US Dollar Pak Rupee Political Economy Dada Pota Show 03-12-2018

Dada Pota Show 03-12-2018 based on Monetary Policy SBP Interest Rate US Dollar Pak Rupee Political Economy.

Today, Dada G shared his opinion on important news that Monetary policy: SBP hikes key interest rate by 150 basis points to 10%.

Going beyond market expectations, the State Bank of Pakistan (SBP) on Friday increased the benchmark interest rate by 150 basis points to 10% – a six-year high level. The rate hike was very much in line with the International Monetary Fund’s (IMF) demand that Pakistan push the interest rate into double digits. “The new rate will come into effect on December 3, 2018,” the central bank announced. With the fresh revision, the central bank has raised the interest rate by a cumulative 4.25 percentage points in five rounds since January 2018. The prime objective is to make borrowing expensive in a bid to apply brakes on the accelerating inflation in the country. “Near-term challenges to Pakistan’s economy continue to persist with rising inflation, an elevated fiscal deficit and low foreign exchange reserves,” the SBP said in the Monetary Policy Statement released on Friday. Earlier, the benchmark Consumer Price Index (CPI) inflation hit a 50-month high at 6.8% in October 2018 on a year-on-year basis compared with 5.1% in September 2018, according to the Pakistan Bureau of Statistics (PBS).

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.

Govt PSMA PM Imran Khan 100 Day Speech US Treasury Political Economy Dada Pota Show 30-11-2018

Dada Pota Show of 30-11-2018. The only program of business and economy in Pakistan.

Govt PSMA PM Imran Khan 100 Day Speech US Treasury Political Economy Dada Pota Show 30-11-2018

Dada Pota Show 30-11-2018 based on Govt PSMA PM Imran Khan 100 Day Speech US Treasury Political Economy.

Today, Dada G shared his opinion on important news that Govt, PSMA fail to resolve dispute .

Pakistan Sugar Mills Association (PSMA) and the government on Wednesday failed to resolve dispute on sugarcane price and crushing date, well informed sources told Business Recorder. The first round was attended by Prime Minister’s Advisor Razak Dawood and a team of Ministry of National Food Security and Research headed by its minister. Another round will be held on Thursday (today) at the Ministry of Commerce. According to sources, Ministry of National Food Security & Research informed the ECC last week that sugarcane was a high value cash/ food crop of Pakistan. Its production accounted for 3.6 percent in agriculture’s value addition and 0.7 percent in overall GDP. It is mainly cultivated for sugar and sugar-related products like alcohol, molasses, and press-mud with an input for paper and board industry. Additionally, ethanol and electricity are also produced by some sugar mills. It provides raw material for industry which is the country’s second largest agro-industry sector after textiles. Pakistan ranks 5th in respect of acreage and production, however, its level of yield is ranked 53rd in the world. Average yield of sugarcane in Pakistan is 620-700 maunds per acre which is much lower as compared to other cane producing countries. Presently, 82 sugar mills of the country are engaged in producing sugar with the production capacity of 6.8 million tonnes of sugar per annum as compared to national consumption of 5.3 million tones per annum. In the last 7 years, the area under sugarcane has increased by 9 percent on an average, whereas the production has increased by 22 percent. However, the estimated sugarcane production shows a declining trend at the level of 68.25 million tonnes, during 2018-19, due to multiple factors. Ministry of National Food Security & Research has regularly worked out the cost of production of sugarcane crop. In order to determine an appropriate indicative price for the next crop, all determinant factors are considered, like area and production, world outlook, cost of production, export and import parity prices, local and international prices and domestic requirement.

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.

Power Sector Circular Debt Kartarpur Corridor Nawaz Sharif Political Economy Dada Pota Show 29-11-2018

Dada Pota Show of 29-11-2018. The only program of business and economy in Pakistan.

Power Sector Circular Debt Kartarpur Corridor Nawaz Sharif Political Economy Dada Pota Show 29-11-2018

Dada Pota Show 29-11-2018 based on Power Sector Circular Debt Kartarpur Corridor Nawaz Sharif Political Economy.

Today, Dada G shared his opinion on important news that Govt readies fresh Rs340bn bailout for power sector.

The government on Tuesday decided to raise up to Rs340 billion fresh loans to once again bailout the country`s ever-bleeding power sector by pledging major assets of the distribution and generation companies. A decision to this effect was taken at a meeting of the Economic Coordination Committee (ECC) of Cabinet, presided over by Finance Minister Asad Umar. In two related, but separate decisions, the ECC ordered finalisation of a mechanism for raising up to Rs200bn in Islamic financing on behalf of Power Holding Private Limited (PHPL) -an asset-less shell company of the Power Division -and allowed issuing sover-eign guarantee to enable National Power Parks Management Company Ltd (NPPMCL) -a subsidiary of the federal government and operator of two LNG power plants of 2,453MW -to raise Rs38 billion. A senior official of the Power Division told Dawn that ECC constituted a committee comprising top officials of power, petroleum, finance and law divisions as well as Securities & Exchange Commission of Pakistan to work out a mechanism for Islamic financing for PHPL through a consortium of banl(s, led by Meezan Islamic Banl(. The committee would firm up the mechanism within a week and the funds would be used to service payables of the oil and gas sector, that is gripped by more than Rs1.2 trillion circular debt including a fresh flow of almost Rs700bn.The committee was told that Syndicated Term Finance Facilities of Rs607.035bn had already been executed in the name of PHPL for funding repayment liabilities of Discos.

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.

ECC Gas Loadshedding Sugar Mills Chicken Prices Imported Cotton Bails Russia Dada Pota Show 28-11-2018

Dada Pota Show of 28-11-2018. The only program of business and economy in Pakistan.

ECC Gas Loadshedding Sugar Mills Chicken Prices Imported Cotton Bails Russia Dada Pota Show 28-11-2018

Dada Pota Show 28-11-2018 based on ECC Gas Loadshedding Sugar Mills Chicken Prices Imported Cotton Bails Russia.

Today, Dada G shared his opinion on important news that ECC announces zero gas load shedding during winter.

The Economic Coordination Committee of the Cabinet (ECC) decided on Tuesday that there would be no gas load shedding during the current winter season.

The ECC also decided that the recent increase in gas prices would not be applicable for Roti Tandoors, and they would continue to pay their gas bills on the previously applicable rates.

The decision has been taken in view of the concerns that the increase in gas prices was leading to increase in the prices of tandoori roti and naan.

Earlier the ECC was given a presentation by Secretary Petroleum Division on Winter Gas Load Management Plan.

The ECC also allowed Sui Northern Gas Pipeline (SNGPL) to utilize RLNG in the system for consumption by domestic and commercial consumers, to manage the load.

The gas utilities will be allowed volumetric adjustment and financial impact on cost neutral basis in accordance with the ECC’s decision of May 11, 2018. The meeting also approved government guarantee to National Power Parks Management Company (Pvt) Ltd (NPPMCL) to raise loan of Rs 38.00 billion from financial institutions to meet remaining cost of its two power plants.

ECC gave approval in principal to Ministry of Energy (Power Division) to raise Islamic financing for the power sector through Power Holding (Pvt) Limited.

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.