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Prime Minister Imran Khan has effectively led Pakistan through multiple crises in the last 4 years. Khan inherited dangerously low forex reserves in 2018 which are now at $23 billion, near the highest level in the nation's history. The COVID pandemic that hampered Pakistan's recovery has been handled well with the fully vaccinated rate for the eligible population at more than 75%. Not only has Khan deftly navigated his nation through these crises but his government has also revived the…
ContinueAdded by Riaz Haq on March 29, 2022 at 9:00am — 51 Comments
Taiwan Semiconductor Manufacturing Company (TSMC) will no longer fabricate computer chips for Russia, according to media reports. The ban will particularly affect Russia's Elbrus and Baikal processors, unless China agrees to step in to manufacture these chips, and risk additional US sanctions itself. Both Russian processors use mature 28 nm technology. The world's most advanced TSMC fabrication…
ContinueAdded by Riaz Haq on March 23, 2022 at 8:30am — 18 Comments
Canadian mining giant Barrick Gold Corporation and the governments of Pakistan and Balochistan have reached a deal to restart the Reko Diq mining project. Reko Diq is the world's 4th largest undeveloped copper-gold porphyry deposit with over 14 million tons of copper and 21 million…
ContinueAdded by Riaz Haq on March 21, 2022 at 9:00am — 29 Comments
India's leaders and their western boosters have been promoting the country as an emerging superpower to counter rising China. They cite the size of India's economy, demography, military and consumer market to back up their assertions. These claims are challenged by India's former chief economic advisor Arvind Subramanian and Josh Felman, former head of IMF in India, in an article titled "India's Size Illusion". In a similar article titled "The Chinese Threat No One Is Talking About — And…
ContinueAdded by Riaz Haq on March 18, 2022 at 1:00pm — 23 Comments
India's March 9 "accidental firing" of Brahmos nuclear-capable supersonic cruise missile into Pakistan has raised serious questions about the safety of the Indian nuclear arsenal. Do the people in charge of India's nukes have basic competence to handle such weapons? Was this really an "unauthorized" or "accidental" firing? Why was there a long delay by New Delhi in acknowledging the incident? Could Pakistan be blamed if it assumed that extremist right-wing …
ContinueAdded by Riaz Haq on March 14, 2022 at 9:00am — 16 Comments
Russia is a commodities superpower. The nation's Eurasian landmass is rich in all kinds of natural resources from food to fuel to metals. To punish Moscow for invading Ukraine, the US and G-7 nations have imposed sanctions on Russia. These sanctions have effectively removed Russian commodities from the global…
ContinueAdded by Riaz Haq on March 12, 2022 at 8:00am — 58 Comments
Pakistani-Ukrainian billionaire Mohammad Zahoor believes “Ukraine is going to be the next Afghanistan for Russia". Talking with Arab News, he said: “This is time, actually, for us not to keep quiet. We have to take sides". After the Russian invasion, Zahoor left Kiev for Britain along with his wife and two daughters. Zahoor owns real estate and steel businesses in Ukraine. He is also a British…
ContinueAdded by Riaz Haq on March 9, 2022 at 11:00am — 4 Comments
The United Arab Emirates, a grouping of seven Arab Muslim kingdoms, has now become the number one destination for education and employment of people from Hindu India, according to the government data from the two countries. …
Added by Riaz Haq on March 4, 2022 at 6:30pm — 15 Comments
Pakistani-American banker Yawar Shah is the Chairman of the SWIFT Board of Directors. SWIFT stands for The Society For Inter-Bank Financial Telecommunications. SWIFT has been in the news recently for cutting off Russian banks to punish Russia's invasion of Ukraine. Russia is now disconnected from the global financial system used to settle the vast majority of payments in international…
ContinueAdded by Riaz Haq on March 1, 2022 at 9:30am — 21 Comments
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The recently concluded IDEAS 2024, Pakistan's Biennial International Arms Expo in Karachi, featured the latest products offered by Pakistan's defense industry. These new products reflect new capabilities required by the Pakistani military for modern war-fighting to deter external enemies. The event hosted 550 exhibitors, including 340 international defense companies, as well as 350 civilian and military officials from 55 countries.
Pakistani defense manufacturers…
ContinuePosted by Riaz Haq on December 1, 2024 at 5:30pm
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
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