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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.

FATF Deadline Alternative Economic Plan PM 100 Days Performance Political Economy Dada Pota Show 27-11-2018

Dada Pota Show of 27-11-2018. The only program of business and economy in Pakistan.

FATF Deadline Alternative Economic Plan PM 100 Days Performance Political Economy Dada Pota Show 27-11-2018

Dada Pota Show 27-11-2018 based on FATF Deadline Alternative Economic Plan PM 100 Days Performance Political Economy.

Today, Dada G shared his opinion on important news that 27 actionable plans: FATF sets another deadline for Pakistan. 

Pakistan will have to comply with 27 actionable plans of the Financial Action Task Force (FATF) by December 15 including sharing evidence for effective implementation against eight mentioned prescribed entities and their affiliates by tracing and freezing their assets.

The FATF has placed this condition to comply with the United Nations Security Council Resolution (UNSCR) 1267 and 1373 and Pakistan will have to implement it by May 2019.

In case of noncompliance and having no progress, Pakistan could be placed into black list or kept into existing grey list for another year anytime during January to September 2019 with far-reaching consequences. The FATF is scheduled to meet in Sydney from January 5 to 7, 2019 to review progress report on 670 observations raised by the Asia Pacific Group (APG) — a regional body of FATF — for showing concerns over unsatisfactory report. The recently held APG mission has also given deadline of mid of next month to dispatch compliance report which will be taken up by the FATF in coming January’s first week meeting at Sydney.

Pakistan’s progress report and APG’s response during October 2018 visit reads out that the regional body of FATF known as APG asked Pakistan to share an explanation of which law enforcing agencies/security intelligence agencies hold information on 1,267 and 1,373 designated persons and entities and their affiliates including Daesh, Al-Qaeda, Falahe-e-Insaniat (FIF), Jamat-ud-Dawa (JuD), Jesh-e-Mohammad (JeM), Haqqani Network (HQN) and persons affiliated with Taliban. Alone on this one major outcome, the APG team raised 18 observations and sought a detailed response from the Financial Monitoring Unit (FMU) by December 15, 2018.

The Pakistani side in its written reply told the APG mission that both moveable and immoveable assets of JuD and FIF as well as their welfare services had been seized. In this regard, Punjab, the largest province of the country, has seized 190 assets belonging to JuD and FIF which includes 82 madrasas/marakaz, 70 hospitals/dispensaries, 25 educational institutions, and 13 office centers. The KP has seized five madrassas and eight massajid seized by the Auqaf Department and two offices sealed in Peshawar related to JuD and FIF. One dispensary in Haripur, and one office, one madrassa, one dispensary and one hospital along with ambulance were sealed by the police in Manshera, one vehicle of FIF and three offices of JuD were sealed in Abbottabad, one office of JuD and one dispensary were sealed by the police in Dera Ismail Khan. The medical facilities and ambulances services of FIF were seized and handed over to the Pakistan Red Crescent Society. The educational institutions were controlled and managed by the respective provincial governments. The government appointed administrators for overseeing operations of the institutions taken over by the government. All identified bank accounts of entities/individuals listed under UNSRC 1267, UNSCR-1373 read with UNSC (Pakistan) Act 1948 and entities/individuals prescribed under Anti Terrorism Act (ATA) 1997 have been frozen. Details in this regard show that overall 122 banks accounts have been frozen under UNSCR 1267 having deposits of around Rs1 billion approximately $9.5 million since 2001.

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.

ExxonMobil Khadim Hussain Rizvi Pak Rupee Fall Gold Crude Oil Political Economy Dada Pota Show 26-11-2018

Dada Pota Show of 26-11-2018. The only program of business and economy in Pakistan.

ExxonMobil Khadim Hussain Rizvi Pak Rupee Fall Gold Crude Oil Political Economy Dada Pota Show 26-11-2018

Dada Pota Show 26-11-2018 based on ExxonMobil Khadim Hussain Rizvi Pak Rupee Fall Gold Crude Oil Political Economy.

Today, Dada G shared his opinion on important news that ExxonMobil set to re-enter Pakistan market.

ExxonMobil, the world’s largest publicly traded international oil and gas company is set to re-enter Pakistani market after being away for nearly three decades, well-informed sources in the Board of Investment (BoI) told Business Recorder. According to the company’s Chief Executive Officer Irtiza Sayyed, Pakistan is a very important market for ExxonMobil with existing and growing demand for energy as it continues its economic growth trajectory. A country with a population of 200 million plus individuals, 67 per cent of whom are under the age of 30, brings Pakistan at the crossroads of an emerging economy. In a letter to the BoI, he said that ExxonMobil has been evaluating its re-entry into Pakistan for sometime and has been actively pursuing energy related opportunities for several years. Two of most significances are as follows: (i) ExxonMobil Exploration and Production Pakistan BV has completed acquisition of a 25 per cent interest in Block-G (offshore) for which Eni Pakistan Limited will continue to be the operator. The PPL and OGDC are 25 per cent shareholders apart from ENI and ExxonMobil. The first exploration well is planned for January 2019; (ii) ExxonMobil LNG Market Development Inc has partnered with Pakistani Consortium Energas to support the development of Pakistan’s third LNG import terminal with reliable supply of LNG from its joint ventures to private consumers consisting of IPPs and the CNG industry in the near term, with the desire to supply other sectors as they develop. Energas is sponsored by Younus Brothers (Lucky Cement), Saphire Group and Halmore Power Company. Irtiza Sayyed further stated that the company is focused on re-entering the Pakistani market after being away for nearly three decades. The company has registered its local affiliate in Pakistan “ExxonMobil Pakistan (Private) Limited” and secured office space in Islamabad for head office, which marks the official return of ExxonMobil to Pakistan. “With the permanent presence on an ExxonMobil head office in Pakistan, our other business ventures will explore the feasibility of the opportunities in the energy sector,” he said, adding that with success of these ventures, ExxonMobil could bring employment to hundreds of Pakistan’s technical training and worlds’ best industrial practices. The company’s Chairwoman Emma Cochrane, LNG Market Development, will be visiting Pakistani along with Michael Deal, Vice President ExxonMobil Exploration Co, as well as other senior officials. “We will unveil the ExxonMobil Pakistan plaque on November 27 to mark our return to Pakistan, signifying stability in the country, attractive policy and incentives enabling foreign direct investment by large corporates like ExxonMobil,” Sayyed added.

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.

Foreign Reserves SBP UBL Kartarpur Corridor IMF Political Economy Dada Pota Show 23-11-2018

Dada Pota Show of 23-11-2018. The only program of business and economy in Pakistan.

Foreign Reserves SBP UBL Kartarpur Corridor IMF Political Economy Dada Pota Show 23-11-2018

Dada Pota Show 23-11-2018 based on Foreign Reserves SBP UBL Kartarpur Corridor IMF Political Economy.

Today, Dada G shared his opinion on important news that Foreign exchange: SBP reserves dip 2.62%, stand at $7.3b.

Foreign exchange reserves held by the central bank continued to spiral downwards for the 13th successive week as they fell 2.62% on a weekly basis, according to data released on Thursday. The continued drop in the reserves is alarming as it raises concern about Pakistan’s ability to meet its financing requirements because the reserves have fallen below the $7.5-billion mark. Although the Saudi government has released $1 billion under the promised $3-billion financial assistance, the impact is yet to be seen. On the other hand, Chinese Embassy Deputy Head of Mission Zhao Lijian has assured Pakistan of a financial package to boost its flagging foreign currency reserves, hinting that it would be bigger than that pledged by Saudi Arabia.

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.