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Discos Deficit Pakistan’s Debt Mini Budget Agriculture Machinery Privatise 48 PSEs Dada Pota Show 08-03-2019

Dada Pota Show of 08-03-2019. The only program of business and economy in Pakistan.

Discos Deficit Pakistan’s Debt Mini Budget Agriculture Machinery Privatise 48 PSEs Dada Pota Show 08-03-2019

Dada Pota Show 08-03-2019 based on Discos Deficit Pakistan’s Debt Mini Budget Agriculture Machinery Privatise 48 PSEs.

Today, Dada G shared his opinion on important news that Discos facing Rs201.823 bn deficit: Govt set to pass on burden to end power consumers.

Youtube:

The electric power distribution companies (Discos) are facing deficit of Rs201.823 billion in first six months of the ongoing fiscal and to bailout them, the federal government has asked Nepra to increase the electricity tariff by Rs1.80 billion. The regulator has approved the petition of the government and to this effect has set the hearing date.

The government is on the tight rope as it is left with two options; one to provide the subsidy to Discos or increase the tariff to meet the shortfall of Rs201 billion and there is no third option left to the government. The cash strapped government is unable to extend the subsidy because of massive shortfall of Rs237 billion in first 8 months. Meanwhile, the circular debt has also increased to whopping Rs1.6 trillion for which the government has arranged Rs200 billion from the consortium of Islamic banks against the assets of the Discos and Gencos.

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.

LNG Terminal Pak India Trade World Bank Motorcycle Assemblers Dada Pota Show 07-03-2019

Dada Pota Show of 07-03-2019. The only program of business and economy in Pakistan.

LNG Terminal Pak India Trade World Bank Motorcycle Assemblers Dada Pota Show 07-03-2019

Dada Pota Show 07-03-2019 based on LNG Terminal Pak India Trade World Bank Motorcycle Assemblers.

Today, Dada G shared his opinion on important news that Setting up of 3rd LNG terminal ordered.

Youtube:

Without a scientific study, the government on Tuesday ordered setting up of a third LNG processing terminal on a fast-track basis for completion before next winter at a new location – Jharri Creek/Chann Wadoo – and approved about Rs1.63 billion supplementary grants for security improvement and facilities for paramilitary forces.

The decisions were taken at a meeting of the Economic Coordination Committee (ECC) of the Cabinet presided over by Finance Minister Asad Umar.

The meeting was informed that the Ministry of Interior had demanded about Rs2.9bn supplementary grants repaid; replacement of security cameras and payment of rentals for hired vehicles; raising of five additional wings of Pakistan Rangers and their other facilities; and development of e-passport project in Islamabad, but the finance ministry agreed to only Rs1.8bn.

The ECC, however, allowed Rs683 million in view of some other demands in the given regional environment. The meeting also approved Rs769m in technical supplementary grant against four projects funded by International Narcotics and Law Enforcement-Pakistan (INL-P), US Embassy Islamabad for upgradation of Frontier Constabulary of Khyber Pakhtunkhwa Training Centre Warsak, construction of Federally Administrated Tribal Areas Levies Training Centre at Shakas, construction of 10 Fata Levies checkposts and extension of some offices of the Federal Investigation Agency, Islamabad.

The committee approved a request of the Ministry of Energy to allocate up to nine mmcfd gas from Fazl X-1 field, Matiari of Pakistan Petroleum Ltd to SSGCL.

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 Circular Debt EOBI Pension Petroleum Sales Cotton Production Dada Pota Show 06-03-2019

Dada Pota Show of 06-03-2019. The only program of business and economy in Pakistan.

Sukuk Circular Debt EOBI Pension Petroleum Sales Cotton Production Dada Pota Show 06-03-2019

Dada Pota Show 06-03-2019 based on Sukuk Circular Debt EOBI Pension Petroleum Sales Cotton Production.

Today, Dada G shared his opinion on important news that Rs200b Sukuk issued to reduce circular debt & EOBI disburses Rs5bn pension, arrears.

Youtube:

The Employees Old-Age Benefits Institution (EOBI) on Monday announced the disbursement of Rs5 billion among 388,684 registered pensioners.

The federal government contributed Rs2.4bn to the total amount which was disbursed in February for pension and five months arrears.

In September 2018, EOBI increased the monthly pension amount by 20 per cent. Following the increase, monthly pensions reached between Rs6,500-13,416.

In order to keep the institution financially viable and to sustain the increase in EOBI pension rates, employers have been requested to fulfill their legal and moral obligations for the coverage of their employees and pay a contribution under current minimum wage of Rs15,000.

On the basis of minimum wage of Rs15,000 fixed by the government, employer share comes at Rs750 per employee per month and an employee’s share is of Rs150 per month.

This means higher wages would result in higher pension for registered employees. Variation in minimum and maximum pensions is based on length of service and formal pension adopted by the EOBI under the EOB Act 1976.

As part of its responsibility in the Ease of Doing Business Sprint-IV, EOBI with the cooperation of Board of Inv­estment, State Bank of Pakistan and SECP has taken the initiative of online payment facility for its contributors.

Registered employers can generate payment vouchers and pay EOBI contributions by using internet banking from their offices without visiting bank branches.

Furthermore, pensioners can draw pension amount via ATMs without incurring “switch fee.” However, to ensure genuine payments, pensioners will be required to provide bi-annual proof of life through biometric verification.

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.

FBR Collection Target PSDP South Korea Pakistani Manpower Cotton Support Price Dada Pota Show 05-03-2019

Dada Pota Show of 05-03-2019. The only program of business and economy in Pakistan.

FBR Collection Target PSDP South Korea Pakistani Manpower Cotton Support Price Dada Pota Show 05-03-2019

Dada Pota Show 05-03-2019 based on FBR Collection Target PSDP South Korea Pakistani Manpower Cotton Support Price.

Today, Dada G shared his opinion on important news that FBR misses collection target by Rs235bn for eight months.

Youtube:

The Federal Board of Revenue (FBR) missed collections target by Rs235 billion during the first eight months of current fiscal year, according to provisional figures released on Thursday.

Total revenue collections during the eight months clocked in at Rs2.328 trillion, up three per cent from Rs2.259tr earned during the same period last year.

On a month-on-month basis, the FBR reported total revenue collections at Rs268bn in February as against the projected target of Rs313bn. However, the provisional figures for February were relatively higher than the Rs264bn collected during the same month last year.

The FBR will have to collect Rs2.106tr in the next four months in order to achieve the target for the fiscal year.

An FBR official while speaking to Dawn said that the maximum revenue was realised in the last week of every month. He explained that “in last three days, the collections slowed down due to Indo Pak-India tension” adding that even the goods declarations (GDs) were not filed as per the normal routine.

Finance Minister Asad Umar told Dawn that collections have registered upward growth in the month of February. “Till last week, the revenue growth was in the range of 7-8pc”, he said.

He claimed that decline in revenue collections was partly due to ongoing tensions on the eastern border but was optimistic that collections will gain momentum in the next four months. The minister ruled out any downward revision in the collections target of the FBR.

As per FBR official, the revenue collections data is still coming in and will be adjusted in the next week. However, the figures are still far behind the projections for the month under review.

The provisional figures show that the decline is mainly due to the drop in earnings of withholding taxes from contracts, mobile phone, dividends and salaries. The revenue from corporate returns also dipped because of the 1pc downward revision in tax rates.

Moreover, major hit came from drastic cuts in the allocation for Public Sector Development Programme while withdrawal of duty on cash transactions might also have had revenue impact.

The collections of customs duty on petroleum products also registered negative growth during the period under review mainly attributable to lower price and rates of petroleum products from last year, the tax official explained.

Similarly, the customs GDs were also not filed in the last three days leading to a dip in duty collections. Other taxes — sales tax and withholding tax also suffered because of non-filing of GDs at import stage.

According to the official, domestic sales tax collection was on target and federal excise duty collections witnessed growth during the period under review.

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.