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Hussain Lawai PSX National Savings ECP Local Bodies Officials Political Economy Dada Pota Show 11-07-2018

Dada Pota Show of 11-07-2018. The only program of business and economy in Pakistan.

Hussain Lawai PSX National Savings ECP Local Bodies Officials Political Economy Dada Pota Show 11-07-2018

Dada Pota Show 11-07-2018 based on Hussain Lawai, PSX, National Savings, ECP, Local Bodies Officials & Political Economy.

Today, Dada G shared his opinion on important news that Hussain Lawai removed as PSX chairman & ECP suspends all local bodies’ officials till July 25.

Securities and Exchange Commission of Pakistan (SECP) on Tuesday removed Hussain Lawai from his post as Pakistan Stock Exchange (PSX) chairman.

Following the orders of the Supreme Court (SC), the SECP has directed the Pakistan Stock Exchange to remove Hussain Lawai from the chairmanship of the Exchange and appoint a new chairman of the Board.

SECP Commissioner Zafar Abdullah wrote a letter to Richard Moren asking him to remove Lawai from his post in keeping in view the public interest.

SECP, the regulator of the capital market in a notification signed by the Commissioner Zafar Abdullah said it has come to the knowledge of the SECP that a First Information Report (FIR) date July 6, 2018 has been registered by the Federal Investigation Agency under Pakistan Penal Code read with Prevention of Corrpution Act, 1947 and the Anti-Money Laundering Act 2010.

The FIR among other individuals also nominates Lawai as one of the accused and Lawai has been arrested by FIA for further investigation.

The Commission after considering the circumstances as stated above with respect to Lawai, in the interest of general public and the capital markets, in exercise of its power conferred under Section 12 read with Section 170 of the Securities Act, 2015, hereby directs PSX, through its Chief Executive Officer, to immediately remove Lawai as Chairman of the board of directors of PSX under intimation to the Commission and appoint a new Chairman of the Board, while ensuring compliance with the regulatory requirements.

On Sunday, Supreme Court had barred the former president and his sister from travelling abroad in the wake of the recent revelations in a fake bank accounts case.

The development comes few days after the Federal Investigation Agency (FIA) detained Central Depository Company (CDC) chairman and Summit Bank vice chairman Hussain Lawai, a close aide of the former president.

Lawai and his associates are accused of opening 29 fake accounts in the Summit Bank and United Bank of Pakistan Limited.

According to the FIA, 29 accounts were opened in the name of seven people, including a woman. The agency said that 18 to 19 of the ‘fake’ accounts were opened in the Summit Bank alone.

FIA sources said that these accounts were used for money laundering with the accounts mainly being operated by a businessman, Anwar Majeed who is said to be very close to Zardari and his business partner.

On Saturday, the FIA had obtained the remand of the Central Depository Company (CDC) chairman, after registering a case against him and others for using a fake account to launder Rs35 billion ($288 million).

According to a case registered by FIA’s Banking Circle Karachi, the former president and leader of the Pakistan People’s Party, Asif Ali Zardari, and his sister, Faryal Talpur, are among 13 people who benefited from the arrangement.

The police first investigation report (FIR) says that M/S Zardari Group (Asif Ali Zardari, Faryal Talpur, etc) got Rs15,000,000 and were among the beneficiaries of the transaction trail of fake bank accounts maintained by Omni Group, owned by Anwar Majeed, another close aide of the former president.

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.

Nawaz Sharif Maryam Nawaz Return Money Laundering Scam Asif Zardari ECL Political Economy Dada Pota Show 10-07-2018

Dada Pota Show of 10-07-2018. The only program of business and economy in Pakistan.

Nawaz Sharif Maryam Nawaz Return Money Laundering Scam Asif Zardari ECL Political Economy Dada Pota Show 10-07-2018

Dada Pota Show 10-07-2018 based on Nawaz Sharif, Maryam Nawaz Return, Money Laundering Scam, Asif Zardari, ECL & Political Economy.

Today, Dada G shared his opinion on important news that Nawaz Sharif and Maryam Nawaz to be arrested on airport: Law and information minister.

Federal law and information minister Ali Zafar has said the government will implement accountability court’s orders in letter and spirit and arrest ousted prime minister Nawaz Sharif and his daughter Maryam Nawaz on their arrival at any airport in Pakistan.

He was speaking at “Meet the Press” programme at the Lahore Press Club here on Sunday Mr Zafar said the (caretaker) government had no mandate to interfere in the state institutions’ working or criticise their decisions, he said, adding that anybody having reservations against any court judgment should file an appeal.

“The law enforcement agencies will arrest Nawaz Sharif and Maryam Nawaz on airport, if they did not get bail before landing in Pakistan,” Mr Zafar told journalists.

He said the court’s judgment against the Sharif family would not affect holding of general elections on July 25.

“General elections will be held on time and that too in a free, fair and transparent manner,” he asserted.

Answering a question about the arrest of Nawaz Sharif’s son-in-law, Mr Zafar said the government would extend full support to the National Accountability Bureau (NAB) to implement court orders that called for retired Capt Safdar’s arrest. “The law enforcement agencies are on the move to arrest Capt Safdar,” he said.

In a later development, Safdar surrendered himself to NAB officials in Rawalpindi, after leading a protest rally.

With regard to putting the names of former president Asif Ali Zardari and his sister on the Exit Control List (ECL), the minister said it was the government’s responsibility to properly assess the law enforcement agencies’ requests before putting names on the list.

Acknowledging that it was a common practice to put names on the ECL just on law enforcement agencies’ requests, Mr Zafar said the courts had given relief to many and chided the government for putting people’s names on the ECL without assessing such requests. “The caretaker government is assessing every request and questioning investigators about the grounds (on which a request is made) before putting names on the ECL,” he 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.

NAB Fawad Hassan Fawad Foreign Reserves Amnesty Scheme KASB Inflation PSM PMLN Dada Pota Show 06-07-2018

Dada Pota Show of 06-07-2018. The only program of business and economy in Pakistan.

NAB Fawad Hassan Fawad Foreign Reserves Amnesty Scheme KASB Inflation PSM PMLN Dada Pota Show 06-07-2018

Dada Pota Show 06-07-2018 based on NAB, Fawad Hassan Fawad, Foreign Reserves, Amnesty Scheme, KASB, Inflation, PSM & PMLN.

Today, Dada G shared his opinion on important news that NAB arrests senior bureaucrat Fawad Hassan Fawad on corruption charges.

The National Accountability Bureau (NAB) arrested on Thursday senior bureaucrat Fawad Hassan Fawad in various corruption cases, including the Ashiana Iqbal Housing Scheme case.

NAB officials, after initially denying his arrest, said that the top civil servant was called to the bureau for questioning and later arrested for causing a loss of billions of rupees to the national exchequer in various scams.

Listing the corruption charges, NAB officials said Fawad wrongfully awarded the Ashiana contract to ‘favourites’, illegally awarded contracts for nine CNG stations and also illegally worked in a private bank from 2005 to 2006.

Moreover, while being the provincial health secretary, Fawad acquired six mobile health units which were purchased at a higher-than-market rate, according to NAB.

NAB Lahore director general informed that Fawad will be presented in an accountability court tomorrow to obtain his physical remand for further investigation.

Fawad had been summoned by NAB today for questioning in the housing scheme scam. He appeared before NAB at least two times earlier as part of NAB’s investigation but also skipped several summons.

Fawad served as former PM Nawaz Sharif’s principal secretary and is considered close to the former premier.

Fawad was removed from the post of principal secretary on June 1 this year and appointed director general of Civil Services Academy, Lahore.

Fawad is wanted for his alleged role in illegally awarding the contract for Ashiana-e-Iqbal Housing Scheme of the Punjab government.

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.

Nawaz Sharif NAB Stock Market Urea Sales Petroleum Consumption National Savings Dada Pota Show 05-07-2018

Dada Pota Show of 05-07-2018. The only program of business and economy in Pakistan.

Nawaz Sharif NAB Stock Market Urea Sales Petroleum Consumption National Savings Dada Pota Show 05-07-2018

Dada Pota Show 05-07-2018 based on Nawaz Sharif, NAB, Stock Market, Urea Sales, Petroleum Consumption & National Savings.

Today, Dada G shared his opinion on important news that Nawaz requests accountability court to delay verdict in Avenfield case.

Former prime minister Nawaz Sharif requested on Wednesday the accountability court to delay the verdict in the Avenfield reference case.

“I am not a dictator who will run away from the courts,” he said, while speaking to the media outside Harley Clinic. “My wife has been on a ventilator since the last 21 days. I want to hear the verdict in the court room where I have presented myself with my daughter over 100 times.”

Earlier, the accountability court said it will announce its verdict in the Avenfield reference case on July 6.

Nawaz and his family are facing three corruption cases in the accountability court after the National Accountability Bureau (NAB) filed references against them in light of the Supreme Court’s verdict in the Panama Papers case last year.

The PML-N leader said that irrespective of the decision, whether it is in his favour or not, he will return to Pakistan.

“I will return as soon as Kulsoom’s health improves,” he said. “She underwent an operation yesterday.”

The former prime minister said that the court gave a verdict on the eligibility of a politician from Rawalpindi after reserving the decision for as many as three months.

“I am not asking for three months but a relief for some days,” he said.

Nawaz said that doctors have expressed hope that his wife’s health will be out of danger in the coming days.

Nawaz said that he is facing one-sided investigations from July 2017, but the nation is standing with him. “The nation supports my ‘respect for vote’ stance,” he said.

The former prime minister said that the nation’s decision on July 25 will change the destiny of the country.

“The entire nation is aware of the one-sided actions against me,” he said.

Nawaz said that he is ready to give any sacrifice for the peoples’ right to govern and his stance on respecting the sanctity of vote.

“I am peoples’ representative, I won’t disappoint the nation by displaying cowardice. Those who are stopping the peoples’ right to govern will receive exemplary treatment by the masses,” the three-time elected prime minister affirmed.

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.