The Global Social Network
The recent shock defeat of Dr. Hafeez Shaikh, Prime Minister Imran Khan's nominee for the Senate, has former President Asif Ali Zardari's fingerprints on it. The former president and current co-chairman of the Pakistan Peoples Party orchestrated the buying of votes and arranged the hundreds of millions of rupees used for the purpose to ensure former Prime Minister Yusuf Raza Gilani's surprise victory in the recent Senate Elections. Zardari has been widely known to be "in his elements"…Continue
Added by Riaz Haq on March 6, 2021 at 10:30am — No Comments
Vietnam has attracted major manufacturing and export-oriented industries that have relocated from China as the US-China trade war heated up. This process further accelerated during the COVID19 pandemic in the year 2020. As a result, Vietnam is now labeled by many analysts as "The Newest Asian Tiger". Bangladesh, too, has attracted export-oriented garment manufacturing industries. Can Pakistan follow Vietnam's and Bangladesh's examples? Pakistan was the original Asian Tiger back in the 1960s…Continue
The results of a test called "Supertest", developed by researchers from the US, China, Russia and India,, show that Indian engineering students perform very poorly relative to their peers in other countries. Supertest is the first study to track the progress of students in computer science and electrical engineering over the course of their studies with regard to their abilities in physics, mathematics and critical thinking and compare the results among four countries.
China's central bank is testing its digital currency in several major Chinese cities. The chairman of US Federal Reserve has recently confirmed that the US Central Bank is working on digital dollar. The State Bank of Pakistan announced in 2019 that it was developing a digital currency. It seems that the popularity of Bitcoin has triggered serious worries of loss of control of the official financial systems among the central bankers around the world. China's substantial lead in digital…Continue
Pakistan steel production grew by 13.3% in 2020, the second fastest among the top 40 steel producing countries, according to data published by the World Steel Association. At the same time, Pakistan Bureau of Statistics revealed that the nation's steel imports rose by 18% year-over-year. The demand for steel was driven by construction and manufacturing sectors which are leading Pakistan's economic recovery. …Continue
Asian Tigers built their strong economies by becoming export powerhouses. China has done so in more recent decades. How can Pakistan do the same? An answer to this question came this week from Karen Chen of China's Challenge Apparel. Here's what she said as reported by Dawn News:
“Chinese want to shift their business to a place where they can set up their operations in 3-6 months. You know…Continue
Imran Khan's government has completed about half of its 5-year term it won in 2018. What are its accomplishments? Where has it failed in terms of economy and foreign policy.
Imran Khan inherited a serious balance of payments crisis cased by flat exports and record high imports in 2013-2018 period under Pakistan Muslim League (Nawaz) government. while the PTI government…Continue
New roads, an airport and a water reservoir in Tharparkar are opening up Pakistan's least developed region. Jobs are being created, drought-resistant nutritious trees and crops being planted and fish farms being established for the benefit of the the people of Thar. New water pond is attracting migratory birds that feed on fish. …Continue
Dr. Hasan Gokal, Pakistani-American medical director of Harris County COVID Response Team, has been charged with stealing COVID19 Moderna vaccine and fired from his job, according to media reports. Dr. Gokal's "crime" is to give away unused coronavirus vaccine doses that would have expired and lost if not used within hours. A Texas judge has dismissed charges against him. …
Few films about India offer the kind of incisive social commentary that the recently released "The White Tiger" does. Based on a novel of the same name by Aravind Adiga, it tells the story of a poor but ambitious young man from a village in the Indian state of Uttar Pradesh. The film touches on religion, caste, class and democracy in India. It is directed by…Continue
The 2020 Indian American Attitudes Survey (IAAS) results confirm the anecdotal evidence of India's Hindu Nationalist Prime Minister Narendra Modi's massive popularity among Hindu Americans. The findings of a survey sponsored by Washington-based think tank Carnegie Endowment For International Peace reveal that 69% of Hindu Americans approve of Mr. Modi's performance. 70% of Hindu Americans agree or strongly agree that white supremacy is a threat to minorities in the United States,…Continue
Pakistan is hosting navies from 45 nations, including the United States, China and Russia, for a joint military exercise named "AMAN 2021" in the North Arabian Sea later this month. This is the first time in a decade that Russian naval ships will attend drills with multiple NATO members.
The news prompted Indian defense analyst Pravin Sawhney to tweet: "Pakistan Navy Aman 21…Continue
Male ancestors of the vast majority of present-day South Asians (Indians, Pakistanis, Bangladeshis) came from West Eurasia, Central Asia and Iran, according to the latest DNA research led by Harvard geneticist Dr. David Reich. Reich's team came to this conclusion after studying the Y-chromosomes of present-day Indians. Some Hindu Indian scientists have used mitochondrial DNA (mtDNA) samples, extracted from the bones of recently discovered ancient skeletal remains of a couple in Rakigarhi in…Continue
Pakistan and East Africa Connecting Europe (PEACE) is 96 Tbps (terabits per second), 15,000 km long, privately owned submarine cable that will originate in Karachi, Pakistan and run underwater all the way to Marseilles, France via multiple points in the continent of Africa. It is being built as part of Digital Silk Road sponsored by …Continue
Aga Khan University and Sindh Agriculture University are jointly promoting Moringa tree planting in Pakistan's Thar desert to fight malnutrition, according to multiple media reports. Moringa has gained popularity as superfood in the West in recent years. People of drought-stricken Tharparkar have been suffering from malnutrition and disease in the middle of a long-running…Continue
Pakistani-American Lina Khan is seen as the front-runner for appointment to the US Federal Trade Commission (FTC) as a commissioner in the Biden administration. She is a Columbia University Law professor who specializes in anti-trust law.
Lina's 2017 seminal paper entitled "Amazon's Anti-trust Paradox" broke new ground in the application of anti-trust law against powerful technology monopolies like Amazon, Apple, Facebook, Google and Twitter. Traditionally, the US anti-trust…Continue
India's secular constitution came into effect on January 26, 1950, a day that is celebrated as Republic Day. Today, the national integrity and the secular foundations of the Republic of India are under threat from its current Prime Minister Mr. Narendra Modi whose leader Madhav Golwalkar wrote: “The non-Hindu peoples in Hindusthan must either adopt the Hindu culture and language, must learn to respect and hold in reverence Hindu religion” or “may stay in the country, wholly subordinated to…Continue
Pakistan's technology exports are continuing to soar amid the Covid19 pandemic. Tech exports jumped 43% in December, 2020 and 40% in July-December 2020 period over the same period in 2019. This is a rapid acceleration from 21% increase in all of Fiscal Year 2020 (July-June 2020) over FY 2019. Tech exports (up 40%) far outpaced overall exports (up 5.1%) in this period.
The modest 5.1% increase in Pakistan's overall exports is still commendable in the midst of the global economic…Continue
Pakistan's central bankers have taken the plunge into the world of digital payments with their own offering: Raast. It aims to create an instant low-cost payment system that can seamlessly and securely connect government entities, a variety of banks and State Bank authorized private payment processors like 1Link and NIFT which may choose to take advantage of it. Currency and coins in circulation account for about 43% of Pakistan's total money supply. The introduction of Raast is part of the…Continue
On 14 February 2019, a terrorist attack near Pulwama in Kashmir killed 40 Indian soldiers. It has now come to light that Indian TV anchor Arnab Goswami had prior knowledge of it. He wrote in a WhatApp message to BARC TV rating company head Pratho Dasgupta on that day that his channel was “20 min ahead on the biggest terrorist attack of the year in Kashmir”. "This attack we have won like crazy", he added. Arnab Goswami has close ties to the nation's Hindu Nationalist Prime Minister Narendra…Continue