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Finance Act Fertilizer Plants PSMA Sugar Export Foreign Remittances Political Economy Dada Pota Show 13-09-2018

Dada Pota Show of 13-09-2018. The only program of business and economy in Pakistan.

Finance Act Fertilizer Plants PSMA Sugar Export Foreign Remittances Political Economy Dada Pota Show 13-09-2018

Dada Pota Show 13-09-2018 based on Finance Act, Fertilizer Plants, PSMA, Sugar Export, Foreign Remittances & Political Economy.

Today, Dada G shared his opinion on important news Govt to effect changes in Finance Act.

Finance Minister Asad Umar said on Tuesday the government would soon introduce necessary changes in the Finance Act 2018 to make it more relevant to the current economic state of the country and reflective of the new government’s vision.

The minister was talking to a delegation of Overseas Investors Chamber of Commerce & Industry (OICCI) led by its President Irfan Wahab Khan that called on him.

An official said that the budget wing of Finance Ministry is working on the changes to be made in the budget presented by the previous government at the fag end of its tenure, which is termed unrealistic by the new setup.

He said that key ministries have identified areas for revenue generation and these may be presented before the Parliament in a few days as fiscal deficit is a major challenge for the government following significant relief in exemptions and income tax provided by the former government in the last few days of its tenure.

The minister said the government wants to address the issues of twin deficits on a long-term basis and he believes that the key to the problem lies in promoting manufacturing industry and creating jobs for the youth of the country and this is the area where Overseas Chamber could assist and lead the way.

The minister also assured the delegation of his all possible support in improving business environment in the country.

The president OICCI informed the minister that OICCI wants to share its vision of future development of the country and how the overseas investors can become the driver of change in the journey. The delegation shared its ideas and proposals to build the confidence of investors, both local and foreign, for bringing in more investment to Pakistan.

The finance minister appreciated the efforts of OICCI in assisting the government in the matters of policy formulation that could help attract further investment.

Asad Umar stated that the government is firm on its commitment to address the key structural issues of Pakistan’s economy. The minister said that the government is holding consultation for setting up the Business Advisory Council to establish a liaison between government and business community to make Pakistan a regional hub for investors.

The minister said that it is his vision to introduce the latest technology in tax system to reduce hassle and bring in more transparency.

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.

Begum Kulsoom Nawaz Died CPEC Conspiracy UK USA Political Economy Dada Pota Show 12-09-2018

Dada Pota Show of 12-09-2018. The only program of business and economy in Pakistan.

Begum Kulsoom Nawaz Died CPEC Conspiracy UK USA Political Economy Dada Pota Show 12-09-2018

Dada Pota Show 12-09-2018 based on Begum Kulsoom Nawaz Died, CPEC, Conspiracy, UK, USA & Political Economy.

Today, Dada G shared his opinion on important news that Begum Kulsoom Nawaz passes away in London.

Begum Kulsoom Nawaz has passed away in a London hospital on Tuesday. She was suffering from cancer and was under treatment for the past several months at London’s Harley Street Clinic.

Former first lady was diagnosed with lymphoma (throat) cancer in August 2017. She has undergone several sessions of chemotherapy and radiotherapy.

She was feeling better for the last month but was shifted to the hospital last night in emergency and put on ventilator again, her son Hussain Nawaz said.

Family sources confirm that she will be laid to rest in Pakistan after family gets death certificate from the hospital and then the coroner will issue ‘out of England’ order.

Ex-prime minister Nawaz Sharif  and  his daughter Maryam Nawaz are serving jail term in Adiala. Both of them were in London to see her when they were convicted of corruption in Avenfield reference on July 06.

She remained  unconscious all the time and unfortunately they returned to Pakistan without  speaking to her.

Condolences pour in 

Prime Minister Imran Khan and Chief of Army Staff General Qamar Javed Bajwa expressed deep grief and sorrow over the demise of Begum Kulsoom.

In a statement, the prime minister said all facilities will be provided to the family and heirs of Begum Kulsoom as per law. He directed the London High Commission  to assist the grieved family.

PM Imran Khan expressed deep sorrow over the sad demise of former first lady Begum Kulsoom Nawaz.

In a statement issued here, PM Imran Khan said all facilities will be provided to the Sharif family and heirs of Kalsoom Nawaz as per law.

Nawaz, Maryam to get parole

Jailed former prime minister Nawaz Sharif, his daughter Maryam Nawaz and son-in-law Captain (retd.) Safdar will be granted parole for the funeral and burial of Begum Kulsoom Nawaz, Geo reported.

Quoting Interior Ministry sources, Geo said that the three will be granted parole from the time of Begum Kulsoom’s funeral prayers till her burial, the sources said.

A request is necessary for parole to be granted, sources add.

Begun Kulsoom Nawaz, wife of former prime minister Nawaz Sharif, passed away in a London hospital on Tuesday afternoon after prolong illness

The Sharif family has decided to bring back Begum Kulsoom’s body to Pakistan for burial, sources told Geo.

“She will be laid to rest in Pakistan,” they said.

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 Prices CPEC Financial Times Controversial News Political Economy Dada Pota Show 11-09-2018

Dada Pota Show of 11-09-2018. The only program of business and economy in Pakistan.

ECC Gas Prices CPEC Financial Times Controversial News Political Economy Dada Pota Show 11-09-2018

Dada Pota Show 11-09-2018 based on ECC, Gas Prices, CPEC, Financial Times, Controversial News & Political Economy.

Today, Dada G shared his opinion on important news that ECC decides against immediate hike in gas prices, leaves final decision to PM.

Information Minister Fawad Chaudhry on Monday said the Economic Coordination Committee (ECC) has decided against an immediate increase in gas prices and left the final decision to Prime Minister Imran Khan.

Finance Minister Asad Umar chaired an ECC meeting in Islamabad and a hike in gas tariff was mulled over.

“The ECC has prepared guidelines for an increase in gas tariff,” Chaudhry said while addressing the media after the meeting.

“A final decision on the hike in gas prices will be taken by Prime Minister Imran Khan,” he added.

“The gas sector is in the worst situation,” the information minister stressed.

Further, the ECC decided to provide fertiliser factories with 50 per cent local gas and 50 per cent LNG.

“The LNG bills will be divided equally between the fertiliser companies and the government,” Chaudhry said while adding that all fertiliser companies will continue production on full capacity.

“ECC has further decided to import fertilisers to meet the urea deficit.”

“The volume of fertiliser imports will be decided later,” the informtion minister said.

Chaudhry continued, “Farmers are a very important part of the prime minister’s economic policy.”

Earlier on Wednesday, the ECC was informed that the country’s circular debt stood at Rs596 billion, following an increase of Rs30 billion in July.

Another Rs582 billion was parked with the Power Holding Company under the STFF arrangements, hence bringing the total current liability to Rs1,188 billion, the Ministry of Energy, Power Division told the ECC in its detailed presentation based on data compiled up to July 31, 2018. The finance minister said that all the facts would be made public to make decision making a transparent and inclusive exercise. He also expressed displeasure over the issue of fertilizer pricing and its export, by the previous government, which was totally against the interests of farmer community. Moreover, the summary for Pakistan State Oil’s financial health and liquidity position was deferred as the issue was closely linked with circular debt.

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.

Panama Papers Investigation Power Sector Receivables Chinese Foreign Minister Dada Pota Show 10-09-2018

Dada Pota Show of 10-09-2018. The only program of business and economy in Pakistan.

Panama Papers Investigation Power Sector Receivables Chinese Foreign Minister Dada Pota Show 10-09-2018

Dada Pota Show 10-09-2018 based on Panama Papers Investigation, Power Sector Receivables & Chinese Foreign Minister.

Today, Dada G shared his opinion on important news that Power sector receivables soar to Rs 891 billions. 

The financial position of power sector deteriorated and circular debt increased during the previous government’s tenure from 2013-18 subsequent to a steady rise in receivables against federal and provincial governments, private sector, agriculture tubewells in Balochistan, AJK and Fata. Concurrently, power sector’s payables to the power producers and gas and oil companies have also soared. Sources said the financial position of power sector can be improved after reduction in circular debt, subject to the recovery from all the consumers. Sources said that power sector receivables with a steady increase every year rose to Rs 891 billion in 2017-18 from Rs 411 billion in 2013 and payables surged to Rs 544 billion from Rs 265 billion. The receivables of power sector against the federal government increased from Rs 4.6 billion to Rs 7.8 billion during 2017-18, AJK government from Rs 24 billion to Rs 99.3 billion, Federally Administered Tribal Areas (FATA) from Rs 20.3 billion in 2013 to Rs 26.9 billion, as well as against agriculture tube wells in Balochistan from Rs 1.2 billion in 2013 to Rs 232.5 billion in 2017-18 while against Karachi Electric (KE) from Rs 26.8 billion to Rs 73.4 billion. Power sector receivables against provincial governments, however, decreased from Rs 74 billion in 2013 to Rs 40.4 billion in 2017-18 and against private (Disco) increased from Rs 260 billion to Rs 411.4 billion during the five years. Likewise, power sector payables position also worsened during the last five years with power sector payables increased from Rs 207.2 billion in 2013 to Rs 543.9 billion in 2017-18. This included increase in power sector payables to IPPs from Rs 74.9 billion in 2013 to Rs 368.2 billion in 2017-18, Gencos to Rs 16.4 billion while payables for oil companies increased from Rs 4.5 billion in 2013 to Rs 65.2 billion in 2017-18 and gas companies from Rs 5.8 billion to Rs 20.9 billion. However power sector payables to Wapda Hydel/NTDC and others decreased from Rs 121.9 billion in 2013 to Rs 73.2 billion in 2017-18. An official said that now the government is vigilant with regard to maintaining circular debt at a reasonable level. However, receivables/payables are inherent phenomena and government is also striving to clear the dues of power producers. At preset heavy amounts are outstanding against provinces and provision of further administrative support in Sindh and Balochistan can improve recovery position. Due to law and order situation in Sindh and Balochistan, huge arrears are stuck up. However, efforts are being made for recovery of these receivables. DISCOs’ receivables from provincial governments stood at Rs 40.38 billion by end of June 2018, out of which Rs 18.6 billion to Khyber Pakhtunkhwa. In addition Rs 99.27 billion are against AJ&K and Rs 73.5 billion against KESC, etc. Power sector receivables against agricultural tube wells in Balochistan have reached Rs232.46 billion.

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.