Riaz Haq's Blog – March 2009 Archive (7)

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China Signs Power Generation Deals With Pakistan



China has agreed to build several power plants in Pakistan to help the South Asian nation deal with its worsening electricity crisis. When completed over the next several years, these plants, including Nandipur (425 MW, Thermal), Guddu(800 MW, Thermal) and… Continue

Added by Riaz Haq on March 25, 2009 at 11:30am — 17 Comments

Auto Sector in India, Pakistan and China

Tata Motors is set to launch its low-cost Nano minicar Monday, March 23, according to media reports from India. With a starting price of about $1,945, which doesn't include dealer markup and other charges that consumers will pay, the Nano will be one of the world's cheapest cars. This product launch comes at a time when the auto industry is facing a severe downturn, attributed to the worldwide consumer credit crunch amidst a serious global financial crisis.…

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Added by Riaz Haq on March 21, 2009 at 4:00pm — 19 Comments

Overseas Job Opportunities Dry Up For South Asians



As the global economic crisis continues to take its toll in US, Europe, Middle East and East Asia, South Asian workers overseas are being let go in large numbers



Faced with rising unemployment in Malaysia, the Kuala Lumpur government on Tuesday said it will reduce the number of foreign workers in the country to 1.8 million by 2010 from the present over two… Continue

Added by Riaz Haq on March 17, 2009 at 7:16pm — No Comments

Vibrant Financial Services Sector in Pakistan



Pakistan has been ranked 34 out of 52 countries in the World Economic Forum's first Financial Development Report, which was released in Pakistan through the Competitiveness Support Fund (CSF) in December, 2008.



The report is a comprehensive analysis of financial systems and capital markets in 52 countries that explores key drivers of financial system… Continue

Added by Riaz Haq on March 14, 2009 at 8:58pm — 41 Comments

Math Function Wrecked Economy



Not unlike Albert Einstein whose equation E=MC2 made possible the creation of physical weapons of mass destruction, Chinese mathematician David X. Li could go down in history as the man who enabled the development of financial weapons of mass… Continue

Added by Riaz Haq on March 8, 2009 at 10:30am — No Comments

Pakistan Leads Asian SMS Growth



With cellular phone penetration exceeding 50%, the Pakistan mobile market is continuing to experience rapid subscriber growth with thousands of customers signing up every month. The growth in subscriber rate has consequently led way to triple digit growth in messaging traffic over last year,… Continue

Added by Riaz Haq on March 4, 2009 at 9:00pm — No Comments

Arms Production Going High Tech in Pakistan

U.S. Army Gen. William Westmoreland is reported to have said: "On the battlefield of the future, enemy forces will be located, tracked and targeted almost instantaneously through the use of data links, computer-assisted intelligence and automated fire control. … I am confident the American people expect this country to take full advantage of its technology–to welcome and applaud the developments that will replace wherever possible the man with the machine." It seems that this vision from the…

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Added by Riaz Haq on March 2, 2009 at 8:30am — 37 Comments

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    Barrick Gold CEO "Super-Excited" About Reko Diq Copper-Gold Mine Development in Pakistan

    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…

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    Posted by Riaz Haq on November 19, 2024 at 9:00am

    What Can Pakistan Do to Cut Toxic Smog in Lahore?

    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…

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    Posted by Riaz Haq on November 14, 2024 at 10:30am — 1 Comment

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