The Global Social Network
Pakistan is taking on significant amounts of domestic and foreign debt to finance its budget deficits and to support major energy and infrastructure development projects as part of China-Pakistan Economic Corridor (CPEC). Over one-third of this public debt is external debt denominated in US dollars, Euros and other hard currencies. At the same time, Pakistan's exports have declined over the last several…
ContinueAdded by Riaz Haq on January 30, 2018 at 9:00pm — 11 Comments
Famed Bollywood producer Sajay Leela Bhansali's Padmaavat is a fictionalized portrayal of a Rajput queen Padmavati, played by Deepika Pudokone, whose earliest mention is found in a 16th century epic poem by a Muslim poet Malik Muhammad Jayasi. With the movie Padmaavat's (Padmavati's) musical score and the song and dance sequences and the opulence and the splendor of the costumes, the jewelry and the sets, it's safe to say that the fans of Bhansali's earlier Bollywood blockbusters like…
ContinueAdded by Riaz Haq on January 28, 2018 at 8:30pm — 4 Comments
Pakistan National Electric Power Regulatory Authority (NEPRA) has cut electricity price by 2.99 rupees (2.7 U.S. cents) per unit under the fuel adjustment for the month of December, 2017, according to news reports. This reduction brings the price per kilowatt-hour to Rs. 5.11 (4.60 US cents), down from Rs. 8.10 (7.30 US cents).
Power Rate in Pakistan:…
ContinueAdded by Riaz Haq on January 25, 2018 at 9:40pm — 6 Comments
Inspired by a madrasa teacher in Islamabad, Pakistani-American Dr. Husain Sattar is revolutionizing medical education in a similar way that Salman Khan of Khan Academy has transformed K-12 education. Dr. Sattar has written a widely used medical textbook titled "Fundamentals of Pathology" along with a series of videos called Pathoma available…
ContinueAdded by Riaz Haq on January 24, 2018 at 5:38pm — No Comments
Indian Prime Minister Narendra Modi spoke today at the World Economic Forum in Davos, Switzerland in support of globalization and talked of his commitment to diversity in his country.
Modi's Rhetoric:
Prime Minister Modi warned that "forces of protectionism are…
ContinueAdded by Riaz Haq on January 23, 2018 at 7:00pm — 7 Comments
More and more Pakistanis are sharing in their nation's development, according to World Economic Forum (WEF). Pakistan ranks 47 among 74 emerging economies ranked for inclusive development by WEF released recently at Davos, Switzerland. Inclusive development in the South Asian country has increased 7.56% over the last 5 years. World Economic Forum assesses …
ContinueAdded by Riaz Haq on January 22, 2018 at 11:30am — 8 Comments
Pakistan has a population of over 200 million people and a booming trillion dollar economy ranked among the top 25 largest economies of the world.…
Added by Riaz Haq on January 20, 2018 at 11:00pm — 14 Comments
Pakistan's tourism industry, currently estimated at $20 billion (6.9% of GDP in 2016), is booming, according to data available from multiple reliable sources. World Travel and Tourism Council (WTTC) forecasts it to grow to over $36 billion within a…
ContinueAdded by Riaz Haq on January 18, 2018 at 5:30pm — 42 Comments
Pakistan is the 5th largest motorcycle market in the world after China, India, Indonesia and Vietnam. With 7,500 new motorcycles being sold everyday, Pakistan is also the among the world's fastest growing two-wheeler markets. Passenger car and motorcycle sales in Pakistan are both soaring at rates of over 20% a year. …
ContinueAdded by Riaz Haq on January 16, 2018 at 7:30pm — 14 Comments
Pakistan is now the world's third fastest growing economy among the world's top 25 economies with PPP GDP of over one trillion US dollars, according to the International Monetary Fund (IMF). IMF has recently raised the country's 2018 growth forecast to 5.6%.…
Added by Riaz Haq on January 14, 2018 at 10:30am — 8 Comments
The World Bank sees Pakistan's GDP to grow 5.5% in current fiscal year 2017-18 ending in June 2018, a full percentage point faster than the 4.5% average GDP growth for Emerging and Developing Economies (EMDEs) that include Argentina, Brazil, China, India, Nigeria and Russia among others. However, Pakistan economic growth continues to lag growth forecast for regional economies of…
ContinueAdded by Riaz Haq on January 11, 2018 at 10:24am — 4 Comments
In a New York Times Op Ed titled "How Not to Engage With Pakistan", ex US Ambassador to Pakistan Richard G. Olson says "Its (CPEC's) magnitude and its transformation of parts of Pakistan dwarf anything the United States has ever undertaken". Olson goes on to warn the Trump…
ContinueAdded by Riaz Haq on January 9, 2018 at 8:00pm — 104 Comments
Do you know that Pakistan's ex Ambassador Husain Haqqani co-authored a paper in 2016 with current US National Security staffer Lisa Curtis calling for tough US policy against Pakistan?…
Added by Riaz Haq on January 7, 2018 at 8:07am — 4 Comments
India's former RAW officers, including one ex chief, have blamed Indian spy Kulbhushan Jadhav, arrested by Pakistan in 2016, for getting caught in Pakistan as a "result of unprofessionalism", according to a report in India's "The Quint" owned and operated by a joint venture of Bloomberg News and Quintillion Media. The report that appeared briefly on The Quint website has since been removed,…
ContinueAdded by Riaz Haq on January 5, 2018 at 8:30pm — 4 Comments
General David Petraeus, former CIA director and commander and US Forces in Afghanistan, has rejected President Donald Trump's charges of "lies and deceit" against Pakistan. He did so back in late 2016. Here's a brief excerpt of what he said:
"I looked very very hard then (as US commander in Afghanistan) and again as CIA director at the nature of the relationship between the…
ContinueAdded by Riaz Haq on January 3, 2018 at 7:41am — 11 Comments
President Donald Trump's first new year tweet in 2018 accused Pakistan of "nothing but lies and deceit". This is not new. Back in 2011, then Secretary of Defense Robert Gates in a US Senate Hearing was asked by Senator Patrick Leahy about Pakistan's "lies" to the United…
ContinueAdded by Riaz Haq on January 2, 2018 at 11:00am — 4 Comments
President Donald Trump began year 2018 with his very first tweet insulting and threatening Pakistan. Is this a continuing manifestation of what American foreign policy experts John Hulsman and Wes Mitchell call "The Godfather Doctrine"? Is Trump prepared to reject the US-created post World War II international institutional framework? Is he ready to abandon diplomatic route and act unilaterally against a…
ContinueAdded by Riaz Haq on January 1, 2018 at 7:48pm — 2 Comments
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Barrick Gold CEO Mark Bristow says he’s “super excited” about the company’s Reko Diq copper-gold development in Pakistan. Speaking about the Pakistani mining project at a conference in the US State of Colorado, the South Africa-born Bristow said “This is like the early days in Chile, the Escondida discoveries and so on”, according to Mining.com, a leading industry publication. "It has enormous…
ContinuePosted by Riaz Haq on November 19, 2024 at 9:00am
Citizens of Lahore have been choking from dangerous levels of toxic smog for weeks now. Schools have been closed and outdoor activities, including travel and transport, severely curtailed to reduce the burden on the healthcare system. Although toxic levels of smog have been happening at this time of the year for more than a decade, this year appears to be particularly bad with hundreds of people hospitalized to treat breathing problems. Millions of Lahoris have seen their city's air quality…
ContinuePosted by Riaz Haq on November 14, 2024 at 10:30am — 1 Comment
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