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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.

India US Joint Statement NFC Award Cement Exports FTA Political Economy Dada Pota Show 07-09-2018

Dada Pota Show of 07-09-2018. The only program of business and economy in Pakistan.

India US Joint Statement NFC Award Cement Exports FTA Political Economy Dada Pota Show 07-09-2018

Dada Pota Show 07-09-2018 based on India US Joint Statement, NFC Award, Cement Exports, FTA & Political Economy.

Today, Dada G shared his opinion on important news that Joint Statement on India-U.S 2+2 Ministerial Dialogue & Domestic cement sales unexpectedly fall 13.7%.

Exports were the saving grace for Pakistan’s cement industry in August 2018 as domestic consumption unexpectedly fell 13.73% – the first such decline in the past three years. According to data released by the All Pakistan Cement Manufacturers Association (APCMA), domestic sales stood at 2.895 million tons in August, of which 2.326 million tons were sold by mills located in the northern part of the country. The remaining 0.569 million tons were sold by south-based mills. In the corresponding month of previous year, the north zone sold 2.730 million tons and southern mills dispatched 0.625 million tons. On the other hand, cement exports rose 35.82% in August 2018 as 0.557 million tons were shipped to overseas markets against exports of 0.409 million tons in August 2017. Domestic cement sales in first two months of the current fiscal year edged down 5.31%. From the north zone, sales fell 8.80% while from the south they dropped 10.91%. Exports from the north zone dipped 29.66% whereas from the south, they surged 158.40%. The abrupt decline in domestic cement offtake has taken the manufacturers by surprise. A spokesman for the cement manufacturers association remarked that the industry was expecting a slower growth in August as witnessed a month earlier, but never anticipated the decline. “This may be due to a change in government after elections as the pace of work on development projects gets affected in the process,” he explained, expressing hope that it would be a one-off decline and growth would resume in coming months. “The industry is worried because it has made tremendous investment to increase its capacity which has now crossed 50 million tons a year,” the spokesman added. “This expansion has been made on the assumption that construction activities will continue to grow at a rapid pace in the long run.” He pointed out that the manufacturers were not worried when domestic cement sales grew a little over 4% in July 2018 and blamed the slower growth on hectic election activities before polls on July 25 in the country. However, he said, things should have normalised in August and it was a matter of concern for the industry that they didn’t. In July 2018, the overall growth in the industry was 5.1% while in August the growth was negative 8%. “The industry is still hopeful of a rapid turnaround as the new government has promised to construct one million new houses every year. Once this programme is energised, the growth will accelerate,” he emphasised. 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.

Mike Pompeo Pak USA Bilateral Relations Petrol Sales Gas Prices Political Economy Dada Pota Show 06-09-2018

Dada Pota Show of 06-09-2018. The only program of business and economy in Pakistan.

Mike Pompeo Pak USA Bilateral Relations Petrol Sales Gas Prices Political Economy Dada Pota Show 06-09-2018

Dada Pota Show 06-09-2018 based on Mike Pompeo, Pak, USA, Bilateral Relations, Petrol Sales, Gas Prices & Political Economy.

Today, Dada G shared his opinion on important news that Pakistan, US agree to ‘reset’ bilateral relations, says Foreign Minister Qureshi.

Foreign Minister Shah Mahmood Qureshi said on Wednesday that the disconnect between Pakistan and the United States of America was addressed in the meeting with Secretary of State Mike Pompeo as both sides agreed to ‘reset’ their bilateral relations.

A meeting between Prime Minister Imran Khan and US Secretary of State Mike Pompeo was held at the PM House in Islamabad. The meeting also had Foreign Minister Shah Mehmood Qureshi, Chief of Army Staff General Qamar Javed Bajwa and ISI Director General in presence.

Qureshi said that the next round of negotiations between the respective authorities will be held in Washington DC, in a press conference held at the Foreign Office to brief journalists over meeting between Pakistan-US authorities.

“I will meet Secretary Pompeo during my visit to the United Nation General Assembly,” he said.

Qureshi said that the meeting of his US counterpart with the Pakistani officials was held in a positive environment.

“The perception of ‘do more’ or friction in the meeting is factually incorrect,” said the foreign minister. “We presented realistic stance to the US authorities.”

The foreign minister said that the US has reviewed its policy and has reached the conclusion that Afghan war has no military solution, adding that there was friction between US-Pakistan relation from last one year but today’s meeting was held in a positive environment.

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.

Jalaluddin Haqqani Arif Alvi President of Pakistan CPEC Political Economy Dada Pota Show 05-09-2018

Dada Pota Show of 05-09-2018. The only program of business and economy in Pakistan.

Jalaluddin Haqqani Arif Alvi President of Pakistan CPEC Political Economy Dada Pota Show 05-09-2018

Dada Pota Show 05-09-2018 based on Jalaluddin Haqqani Arif Alvi President of Pakistan CPEC Political Economy.

Today, Dada G shared his opinion on important news that Taliban say the Afghan Haqqani network founder, Jalaluddin Haqqani, an ex- U.S. ally turned fierce enemy, has died.

The Afghan Taliban on Tuesday formally announced that Maulvi Jalaluddin Haqqani, a former Afghan Mujahideen commander and founder of the Haqqani network, had died. Some Taliban sources, however, maintained he had died a few years back but his death was kept secret due to various reasons.

Taliban spokesman Zabihullah Mujahid and Haqqani family sources said Jalaluddin Haqqani had developed multiple health complications, including chest and jaundice that proved fatal. Sources close to the Haqqani family said he died on Monday and was laid to rest in a secret place in Afghanistan. According to sources, he was 80-plus.

Jalaluddin Haqqani is stated to be the first Afghan Taliban commander who picked up arms after the fall of the Taliban regime in 2001 and launched armed resistance against the US-led forces. The first attack was reportedly made in Matta Cheena area of Afghanistan’s eastern Khost province. Jalaluddin Haqqani later approached other members of the dismantled Taliban regime and organised them under the leadership of Mulla Mohammad Omar to formally launch their armed struggle against the US-led Nato forces in Afghanistan.

According to sources, he came under several attacks from the US fighter jets and unmanned aircraft but narrowly escaped, especially in four missile strikes in a week soon after the fall of the Taliban government in Afghanistan. He was born in the small Sultankhel village of Garda Sarai district of Paktia province. He belonged to the Zadran tribe of Pakhtuns.

Jalaluddin Haqqani was a cleric-cum-tribal elder and had big influence in the area. He started his Jihadi journey from the Hezb-e-Islami Afghanistan. In the 1970s when the party split into two factions led respectively by Maulvi Yunas Khalis and Engineer Gulbaddin Hikmatyar, Jalaluddin Haqqani sided with the former. He later gathered strength and played a key role in the Afghan Jihad against the Soviet forces in the Loya Paktia, which included Paktia, Paktika and Khost provinces.

Among his contemporary Mujahideen leaders, Jalaluddin Haqqani was considered close to the CIA and ISI due to his effectiveness as a commander and their enormous financial and material support contributed to the might of Haqqanis, who primarily came together to fight the Soviet occupying forces.

Interestingly, some media organisations had reported that Jalaluddin Haqqani was so close to the CIA that the-then US President Ronald Reagan invited him to the White House where they addressed a joint press conference. Sections of the national and international media even released a photograph claiming that Jalaluddin Haqqani was seated next to Reagan. It was not true. The elderly person in the picture with henna-dyed beard was in fact Maulvi Yunas Khalis and not Jalaluddin Haqqani, who according to sources never travelled to the US or met President Reagan.

In the 1990s when Afghanistan plunged into a civil war and all former Mujahideen fighters fought for the control of Kabul, Jalaluddin Haqqani led his fighters to capture Khost from the communist regime of Dr Najibullah in 1991. Later when the Taliban came into power, he was appointed the governor of Khost province and later as minister of tribal affairs and frontiers.

Jalaluddin Haqqani brought his extended family to Pakistan and settled in the North Waziristan tribal region following the Soviet invasion of Afghanistan in 1979. He went underground like other Taliban leaders after the fall of Taliban regime.

Though he was called the founder of the Haqqani network by the western media, Taliban sources claimed he never raised a separate faction and remained part of the Taliban led by Mulla Omar. People close to him argued that since he first started armed struggle against the foreign forces in Afghanistan, he came to be known as the founder of his group.

Senior US officials have blamed the Haqqani network for majority of US troops’ casualties in the 17-year-long Afghan war. Due to his age and poor health, he transferred command to his second eldest son Sirajuddin Haqqani, also known as Khalifa among his fellow fighters. His son, however, proved more dangerous than his father and caused enormous losses to the foreign troops and the Afghan government by using the influence of his ailing father.

In one of his interviews with this reporter, Sirajuddin Haqqani had proudly recalled how he dared and risked his and his family’s lives by reorganising the Taliban fighters to wage ‘jehad’ against the invading forces in Afghanistan. He said when they picked up the gun against foreign forces, most senior Taliban leaders were no longer willing to be called Taliban as the United States through media propaganda had over-awed its opponents.

Sirajuddin Haqqani recalled he had to sell jewelery of his family’s women members for buying weapons and other material for launching the armed struggle in the early days of armed resistance against the foreigners. He claimed they had received several offers from the US and Hamid Karzai regime in the past to give up fighting in return for important positions in the government.

Jalaluddin Haqqani had two wives, one an Arab woman from the UAE, from whom he had three sons and two daughters. According to sources, his Arab wife later shifted to the UAE along with her children and settled there. His Arab connection reportedly enabled Jalaluddin Haqqani to develop contacts with the rich Arab Sheikhs and receive support for the war effort in Afghanistan.

The Haqqani family is said to have given enormous sacrifices, more than other Mujahideen leaders, first against the Soviets and later the US-led Nato forces. From his Afghan wife, he had eight sons and three daughters. Four of his sons — 17-year-old Omar Haqqani, Mohammad Haqqani, 22, Badruddin Haqqani and Naseeruddin Haqqani, have already been killed.

Omar was killed in a firefight with the US-led forces at Satto Kandao in Khost in 2008, Mohammad Haqqani and Badruddin Haqqani, stated to be an operational commander of the Haqqani network, were killed in the US drone attacks in North Waziristan, in 2009 and in August 2013, respectively, while Naseeruddin Haqqani was gunned down by unknown men in Islamabad.

Another of his sons Anas Haqqani was captured by the US and Afghan security agencies while flying from Qatar via Bahrain. He is now in custody in Afghanistan.

In 2009, the United States announced $5 million head-money on Sirajuddin Haqqani. It had also announced reward for the capture of his two brothers Naseeruddin Haqqani and Badruddin Haqqani.

The Haqqani network has been blamed for an assassination attempt on President Karzai and suicide attack on Indian embassy in Kabul. It had allegedly helped a Jordanian national, Dr Humam Khalil Abu Mulal al-Balawi, to attack the CIA camp in Khost to kill seven CIA agents in 2010.

Except for the Kabul Serena Hotel, the Haqqani network did not claim the credit for other major attacks in the Afghan capital.

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.