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Soaring LNG prices are adversely affecting Pakistan's balance of payments and threatening the nation's post-COVID economic recovery. Pakistan's trade deficit has widened to nearly $12 billion in July-September 2021 quarter, up more than 100% from the same period last year. The nation's heavy reliance on expensive imported energy has been the main cause of prior balance of payments crises that have…
ContinueAdded by Riaz Haq on October 12, 2021 at 9:30am — 24 Comments
China has agreed to invest $3.5 billion in Karachi, according to Pakistani and Chinese officials. In a separate announcement earlier, Saudi Arabia said it is moving its planned $10 billion petrochemical complex from Gwadar to Karachi. These announcements have triggered speculation that the focus of development of China Pakistan Economic Corridor (CPEC) is moving from Gwadar to Karachi. …
Added by Riaz Haq on October 7, 2021 at 6:30pm — 31 Comments
Pakistan exported $38 million worth of denim clothing to the United States in July, 2021. This figure represents 140% growth over July, 2020. Mexico's denim exports grew 58% while those of Bangladesh grew 24% in this period, according to the US Office of Textiles and Apparel. …
Added by Riaz Haq on October 5, 2021 at 11:00am — 20 Comments
India's pavilion at Dubai Expo 2020 has a large and prominent display of a miniature model of the controversial Ram Mandir at its entrance. Ram Mandir will replace the Mughal-era Babri Masjid that was destroyed by a Hindu mob in 1992. It represents Prime Minister Narendra Modi's vision of India as a …
ContinueAdded by Riaz Haq on October 2, 2021 at 9:38am — 40 Comments
The year 2021 is turning out to be a banner year for Pakistani tech startups. At the end of the third quarter of the current year, technology startups have already raised $278 million, twice the funding raised in the previous 5 years combined. In per capita terms, this is still just over $1 per person, a lot less compared to neighboring India where startups attracted …
ContinueAdded by Riaz Haq on October 1, 2021 at 4:30pm — 130 Comments
Nearly 4,000 new net metering licenses have been issued in Pakistan in the July-September quarter, up from 2,000 in the same quarter last year. Vast majority of these are for solar photo-voltaic installation. Net metering solar installations are in addition to the rapidly growing off-grid solar panels across Pakistan. Higher electric utility (DISCO) bills and lower cost of solar panels…
ContinueAdded by Riaz Haq on September 28, 2021 at 9:30pm — 14 Comments
Indian Prime Minister Narendra Modi visited Washington on September 23rd for a bilateral meeting with President Joseph R. Biden followed by a 4-nation summit involving Australia, India, Japan and the United States. An unhappy meme of his visit went viral on social media as Mr. Modi wrapped up his visit to the United States. …
Added by Riaz Haq on September 26, 2021 at 7:00pm — 12 Comments
Ms. Saima Saleem, Pakistan's young visually-impaired woman diplomat, is currently serving at the country’s Permanent Mission to the United Nations in Geneva, Switzerland. Saima graduated from Lahore's Kinnaird College for Women. She won the Quaid-e-Azam Gold Medal for her outstanding academic performance and stood first in the Punjab Public Service Commission examination. …
ContinueAdded by Riaz Haq on September 24, 2021 at 9:00pm — 1 Comment
In 2018, Indian Prime Minister Narendra Modi's right-hand man and home minister Amit Shah told his party's volunteers commonly known as Modi Bhakts: "We can keep making messages go viral, whether they are real or fake, sweet or sour". "Keep making messages go viral. We have already made a WhatsApp group with 32 lakh people in Uttar Pradesh; every morning they are sent a message at 8 am", Shah added, according to a report in …
ContinueAdded by Riaz Haq on September 23, 2021 at 8:48pm — 15 Comments
Sabir Sami from Pakistan has been appointed the chief executive officer of KFC effective January 1, 2022, according to a YUM Brands announcement today. Sami, who currently serves as KFC Division Chief Operating Officer and Managing Director of KFC Asia, will succeed Tony Lowings, who is stepping down as CEO at the end of 2021 in advance of his retirement in early 2022. Sabir Sami is a graduate of the Institute of Business Administration, Karachi, Pakistan. …
ContinueAdded by Riaz Haq on September 22, 2021 at 7:00pm — 2 Comments
In the recently announced AUKUS alliance, the US has joined the United Kingdom to arm Australia with nuclear-powered submarines to check China's rise. This announcement has not only upset the Chinese but it has also enraged France. The French are angry because AUKUS has scuttled Australia's earlier agreement to purchase diesel-powered submarines from France. …
Added by Riaz Haq on September 18, 2021 at 11:00am — 29 Comments
Maryland Democrat Chis Van Hollen, a key US senator who was born in Karachi, said it was the Trump administration that asked Pakistan to release the top three Taliban leaders for US-Taliban peace talks in Doha Qatar. He was speaking at a recent US Senate hearing on the fall of Kabul to the Taliban and the chaotic US withdrawal that followed the Afghan Army collapse. …
ContinueAdded by Riaz Haq on September 16, 2021 at 9:30am — 32 Comments
Afghanistan is rich! The world's "poorest country" is known to have trillions of dollars worth of rare earths and other minerals buried underground. Rare earths are essential for the global supply chain of the technology industry. They are considered a "critical resource" for US national security. …
Added by Riaz Haq on September 13, 2021 at 11:00am — 8 Comments
Muslims in America and the rest of the world have suffered the most since the September 11, 2001 terrorist attacks in the United States. Washington responded to the attacks by launching its "global war on terror" that has been seen by many Muslims as "global war on Muslims". People in Afghanistan, Iraq, …
ContinueAdded by Riaz Haq on September 9, 2021 at 11:00am — 39 Comments
British Defense Secretary Ben Wallace appears to be questioning whether the United States is still a superpower after its recent hasty retreat from Afghanistan. Wallace served in the British military prior to entering politics. …
Added by Riaz Haq on September 3, 2021 at 10:00am — 10 Comments
Pakistan's technology sector is in the midst of an unprecedented boom. It is being fueled by the country's growing human capital and rising investments in technology startups. A recent tweet by Swedish fund manager Mattias Martinsson captured it well when he wrote, "Have followed Pakistan for 15 years. Can't recall any time time when VC activity was anywhere near we've seen in the last few months.…
ContinueAdded by Riaz Haq on August 31, 2021 at 6:30pm — 28 Comments
Pakistani security officials had warned Americans and Indians that the Afghan Army would collapse when faced with the Taliban onslaught, according to multiple people including American journalist Steve Coll and Indian National Security Advisor Ajit Doval. Former US Ambassador Ryan Crocker who has served in both Afghanistan and Pakistan has recently written that Pakistanis' skepticism has been validated. …
ContinueAdded by Riaz Haq on August 24, 2021 at 7:00pm — 44 Comments
How widespread are coronavirus infections and vaccinations in Pakistan? Has Pakistan achieved herd immunity or close to achieving it? The latest IHME (Institute for Health Metrics and Evaluation) report on Pakistan (dated August 19, 2021) claims that "about 81% of the population have been infected, and about 65% are immune to the Delta variant". It says that the "cases and deaths are declining in Pakistan, but the situation remains fragile".
The report defines two types of…
ContinueAdded by Riaz Haq on August 21, 2021 at 8:52pm — 5 Comments
It is quite fashionable among liberal Indian and Pakistani elite to question religion as a basis of nationhood. Pakistani intellectual Javed Jabbar responded to some of these "liberal" critics at a conference in New Delhi, India. He said as follows: "India was a region, not a country until 1947....Pakistan was NOT carved out of India.... Both India and Pakistan became independent countries in 1947.. Religion can be a basis for nationhood".…
ContinueAdded by Riaz Haq on August 14, 2021 at 12:00pm — 2 Comments
The open hostility of successive Afghan governments toward Pakistan begs the following questions: Why do Afghan leaders scapegoat Pakistan for their own failures? Is Afghanistan a friend or an enemy of Pakistan?
Scapegoating Pakistan:
Carter Malkasian, former advisor to US Joint Chiefs Chairman General Dunford, has recently talked about how Afghan governments have scapegoated Pakistan for their failures. He said: "Let’s take Pakistan, for example. Pakistan is a…
ContinueAdded by Riaz Haq on August 13, 2021 at 11:30am — 37 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 — 2 Comments
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