The Global Social Network
Pakistan's Virtual University (VU) has won the Outstanding New Site Award 2012 for an Open CourseWare website which was created last year, according to media reports.
The Awards for OpenCourseWare Excellence…
Added by Riaz Haq on April 30, 2012 at 11:00pm — 18 Comments
Lack of affordable fuel has forced many power producers in Pakistan to operate at a fraction of their installed capacity since 2008. It has led to widespread load-shedding in the country, seriously hurting its economy. Similar situation now appears to be developing in India as well, although it's not quite as serious as Pakistan's current crisis yet. Current costs of various fuel options vary from $4 per mmBTU for coal to $20 per mmBTU for oil. Recently, the US prices of natural gas have…
ContinueAdded by Riaz Haq on April 21, 2012 at 10:00am — 17 Comments
There are strong rumors that Kingdom of Saudi Arabia has joined the United States to oppose Iran-Pakistan gas pipeline project for which Pakistan is trying to arrange financing in the face of tightening US sanction on Iran.
The Chinese have already pulled out of the project after the US imposed sanctions on banks and other entities dealing with projects and transactions involving Iran. Russia's Gazprom is reportedly interested in financing and constructing the Pakistan section of the…
ContinueAdded by Riaz Haq on April 17, 2012 at 5:00pm — 10 Comments
US natural gas prices have fallen below $2 per million BTU (approx 1000 cubic feet), about one-sixth of the price Pakistan has agreed to pay for Iranian gas. With over 50 trillion cubic feet of known shale gas reserves in Sindh alone, Pakistanis can also enjoy the benefits of cheap and abundant source of energy for decades via…
ContinueAdded by Riaz Haq on April 12, 2012 at 6:30pm — 4 Comments
Car sales increased 14 percent in February from a year earlier. Cement sales are rising with growing housing demand for increasing population. Lucky Cement, Pakistan’s biggest publicly traded construction materials company, is expected to post record earnings this year. Rising farm prices of bumper crops are pumping hundreds of billions of rupees each year into Pakistan's rural economy.
Contrary to…
ContinueAdded by Riaz Haq on April 7, 2012 at 7:30am — 21 Comments
Pakistan has over 50 trillion cubic feet of shale gas reserves, according to the US Energy Information Administration (EIA) estimates. It's enough to energize Pakistani homes, businesses, power plants, CNG vehicles, fertilizer plants and factories for 25 years at a rate of 2 trillion cubic feet of consumption per year at…
ContinueAdded by Riaz Haq on April 4, 2012 at 6:00pm — 2 Comments
Pakistan Revolution
People call us a failed state. People are giving our country no more than 5years to survive. Our economy is in shambles. We are trillions of Ruppees under debt and continue to go deeper in it. Our policies are being dictated by outsiders since we are always begging.
We are facing hyper inflation with prices increasing many folds. Hyper inflation, unemployment or under-employment is rendering people unable to afford the basic necessities.…
Added by Umair Butt on April 3, 2012 at 8:34am — No Comments
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Islamabad is establishing the Pakistan Crypto Council (PCC) to look into regulating and legalizing the use of cryptocurrencies, according to media reports. Cryptocurrency refers to digital currencies that can be used to make purchases or investments using encryption algorithms. US President Donald Trump's endorsement of cryptocurrencies and creation of a "bitcoin reserve" has boosted investors’…
ContinuePosted by Riaz Haq on March 28, 2025 at 8:30pm — 2 Comments
Pakistan has outranked India yet again on the World Happiness Index, making Indians very very unhappy. Indian media commentators' strong negative emotional reaction to their nation's poor ranking betrays how unhappy they are even as they insist they are happier than their neighbors. Coming from the privileged upper castes, these commentators call the report "…
ContinuePosted by Riaz Haq on March 22, 2025 at 10:30am — 7 Comments
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