All Blog Posts (1,803)

Pakistan's Fiscal Year 2022 GDP Reaches $1.62 Trillion in Purchasing Power Parity (PPP) Terms

Economic Survey of Pakistan 2021-22 confirms that the nation's GDP grew nearly 6% in the current fiscal year, reaching $1.62 Trillion in terms of purchasing power parity (PPP). It first crossed the trillion dollar mark in 2017. In nominal US$ terms, the size of Pakistan's economy is now $383 billion. In terms of the impact of economic growth on average Pakistanis, the per capita average daily calorie intake jumped to 2,735 calories in FY 2021-22 from 2,457 calories in 2019-20. Pakistan…

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Added by Riaz Haq on June 28, 2022 at 7:00pm — 3 Comments

Modi's India Busting Western Sanctions, Funding Russia's War On Ukraine

India, a western ally, is openly buying Russian coal, oil and weapons worth tens of billions of dollars at deep discounts. These actions amount to busting western sanctions and financing President Vladimir Putin's war on Ukraine. Many smaller developing countries, including Bangladesh and Pakistan, are abiding by these sanctions and suffering from the consequences in terms of high prices of fuel and food. Why these double standards? Do these policy contractions serve the broader US interests…

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Added by Riaz Haq on June 26, 2022 at 1:00pm — 7 Comments

Amazon Marketplace: Pakistani Sellers Among World's Top 3 Fastest Growing

A year after joining Amazon Marketplace, Pakistan is currently ranked as the third biggest source of new sellers joining in 2022, according to Marketplace Pulse research. Amazon e-commerce platform has global reach. As of March 2021, Amazon Marketplace operated and sold in 18 countries, mostly in advanced economies of Europe, Japan and North America as well as in emerging markets like Brazil, China, India, Arab Gulf states and Turkey.  …

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Added by Riaz Haq on June 25, 2022 at 8:56am — No Comments

US Tech Firm Gives Remote Employees in Pakistan 150% Raise

American tech firm Edge has boosted the minimum salary of its Pakistan-based remote employees to Rs. 200,000 (about US$1,000) a month, a 150% increase. The firm's 190 employees work from home for the firm headquartered in Sacramento, California . “We are aware of the global economic downturn and its impact on our people, especially in Pakistan. More than ever, we understand our responsibility towards our people and the need to invest in them,” said its Pakistani-American Founder and…

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Added by Riaz Haq on June 23, 2022 at 4:30pm — No Comments

Is solar energy the best option for Pakistan?

Pakistan's solar system market is steadily expanding everywhere in the world. Pakistan has the potential to generate 92 percent of its electrical needs from solar energy, which is among the highest rates in the world. Solar PV plants can generate 58.1 percent of electricity, while concentrated solar power plants (CSP) can generate 15%. With such a huge potential in the market, new solar panel system companies are emerging. Recently a new…

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Added by Amna Sheikh on June 20, 2022 at 2:36am — No Comments

New Gwadar International Airport: Pakistan's 2nd Greenfield Class 4F Airport Nearing Completion

The architecture of the New Gwadar International Airport (NGIA) is inspired by a rising Phoenix. It is Pakistan's second greenfield airport built from scratch in a new location. With a 3,650-meter long runway, it is a Class 4F airport.  NGIA is scheduled to begin test flights in December this year.  The only other airport with a 3,600-meter long runway is the New Islamabad International Airport that opened for commercial flights in 2018. …

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Added by Riaz Haq on June 16, 2022 at 8:00am — 5 Comments

Indian Women's Labor Force Participation Falls to Just 19%, Lower Than Pakistan's 21%

Female labor force participation rate in India has recently fallen to just 19%, the second lowest after Afghanistan's 15% in the South Asia region. By contrast, Pakistan's women's labor force participation rate is 21%, Sri Lanka's 31% and Bangladesh's 35%. Prime Minister Narendra Modi's mishandling of the COVID19 pandemic has hit Indian women particularly hard, with 90% of…

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Added by Riaz Haq on June 12, 2022 at 7:00pm — 2 Comments

Economic Survey: Pakistanis Consuming More Calories, Fruits and Vegetables

Pakistanis are eating more and healthier foods, according to the Economic Survey of Pakistan 2021-22. Per capita average daily calorie intake in Pakistan has jumped to 2,735 calories in FY 2021-22 from 2,457 calories in 2019-20. The biggest contributor to it is the per capita consumption of fresh fruits and vegetables which soared from 53.6 Kg to 68.3 Kg, less than half of the 144 Kg (400…

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Added by Riaz Haq on June 10, 2022 at 10:00am — 11 Comments

Islamophobia: Can Modi's India Afford to Alienate the Entire Arab Muslim Middle East?

Last week, two official spokespersons of India's ruling BJP party insulted Prophet Muhammad (PBUH) on an Indian television channel known for promoting Islamophobia. Mohammad Zubair, an Indian Muslim journalist, tweeted a video clip of the TimesNow primetime show featuring BJP's official spokeswoman Nupur Sharma attacking the Prophet (SAW) revered by more than a billion Muslims…

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Added by Riaz Haq on June 7, 2022 at 8:00am — 34 Comments

Russia Sanctions: India Profiting From Russian Oil Trade by Exporting Refined Petroleum

India is defying western sanctions to buy millions of barrels of discounted Russian crude oil, hiding their origin and exporting refined petroleum products with a big markup to make a huge profit. China has yet to increase its oil imports from Russia, according to news reports. Meanwhile, India's neighbors Bangladesh and Pakistan are abiding by western sanctions and paying much higher market prices to buy oil for their domestic needs, and hurting their people. Such double standards are…

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Added by Riaz Haq on June 1, 2022 at 9:00pm — 12 Comments

Pakistan's Global Fashion Brands Creating Other Branded Exports Opportunities

Pakistan is moving to higher value-addition in textile sector with branding. Khaadi, Gul Ahmed, J. by Junaid Jamshed, Sapphire, Sana Safinaz and others growing into global brands by expanding into countries with large Pakistani diaspora. Other Pakistani companies that have gained international brand recognition include Shan Masala, Pakola, Tapal Tea and K&N Frozen…

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Added by Riaz Haq on May 28, 2022 at 10:00am — No Comments

International Tea Day: Pakistan is the World's Largest Tea Importer

Pakistan does not produce tea but it is the most popular beverage among Pakistanis.  The country is ranked as its largest importer in the world.  In 2020, Pakistan imported $646 million (9% of global tea imports) worth of tea and exported $15.2 million in branded blends of tea such as Tapal Tea. Pakistan tea imports grew 19.8% from 2019 to 2020. …

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Added by Riaz Haq on May 21, 2022 at 2:00pm — 2 Comments

Pakistanis Are Third Largest Foreign Investors in Dubai Real Estate

Pakistanis have invested $10.6 billion in Dubai real estate, ranking them as the third largest investors in the city on the Gulf. Indian investors lead Dubai real estate investments with $29.8 billion, followed by British investors' $14.7 billion investment. …

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Added by Riaz Haq on May 20, 2022 at 5:30pm — 2 Comments

Pakistan: The Only Country in Asia With Birthright Citizenship

Pakistan is the only country in Asia that recognizes citizenship as a birthright. Only one in four nations in the world grant citizenship to all those born within their borders, according to a review of the nationality laws reviewed by EUI Global Citizenship Observatory.  Instead of birthright citizenship, the majority of countries today have citizenship by blood, in which children inherit…

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Added by Riaz Haq on May 16, 2022 at 8:30am — No Comments

Karachi Girl Students Win Top Prize at International Science Competition Held in Atlanta, Georgia

Two Pakistani girl students from Karachi have won the first physical science award of $1,500 each at Regeneron International Science and Engineering Fair (ISEF 2022) held May 7 through 13 in Atlanta, Georgia, United States. Ume Kulsoom and Talia Kusloom, the winners from Pakistan, are 12th grade students at Pak-Turk School in Gulshan-e-Iqbal, Karachi. …

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Added by Riaz Haq on May 15, 2022 at 9:00am — No Comments

WHO: India's 4.7 Million Excess Deaths Account For Nearly One-Third of the Global COVID Death Toll

The World Health Organization estimates that India had 4.730 million COVID19-related  deaths in 2020-21, nearly a third of 15 million global excess deaths attributed to the pandemic. India is followed by Russia with 1.073 million deaths and Indonesia with 1.03 million deaths. The United States with 933,795 deaths and Brazil with 681,219 deaths round out the top 5 countries that suffered the heaviest losses of life believed to be related to the pandemic. Mexico (625,923 deaths), Peru (289,654…

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Added by Riaz Haq on May 11, 2022 at 5:00pm — 5 Comments

Olive Revolution: Pakistan Joins International Olive Council

Pakistan's Ten Billion Tree Tsunami project launched in 2014 by the PTI government has sparked a silent olive revolution in the country.  Pakistan, now the 19th member of the International Olive Council, is producing about 1,500 tons of olive oil per year and 830 tons of…

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Added by Riaz Haq on May 7, 2022 at 11:00am — 10 Comments

SBP Governor Dr. Reza Baqir's 3-Year Term Saw Expansion & Modernization of Financial Services in Pakistan

Pakistan's chief central banker Dr. Reza Baqir's 3-year term saw a broad expansion and modernization of the nation's financial services industry. The impact of Baqir's policies can be seen in multiple sectors including agriculture, housing, manufacturing, exports, financial digitization and record-high investments in technology startups. Supported by Dr. Baqir's accommodative monetary…

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Added by Riaz Haq on May 5, 2022 at 8:30am — 7 Comments

European Union: Fastest Growing Source of Remittances to Pakistan

Remittances from the European Union (EU) to Pakistan soared 49.7% in FY 21 and 28.3% in FY22, according to the State Bank of Pakistan. With $2.5 billion remittances in the first 9 months (July-March) of the current fiscal year, the EU ($2.5 billion) has now surpassed North America ($2.2 billion) to become the third largest source of inflows to Pakistan after the Middle East and the United Kingdom. Remittances from the US have grown 21%, second fastest after the EU (28.3%) in the first 9 …

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Added by Riaz Haq on May 1, 2022 at 11:30am — 9 Comments

Ukraine War: Time For India To Rethink its Military Doctrine Modeled On Russia's?

India's Russian-equipped and trained military is watching with great concern Russia's losses in the Ukraine war. Moscow has lost 20,000 soldiers, nearly 500 main battle tanks and a large warship so far, according to media reports. Ukraine's use of Turkish drones, US-made anti-tank guided missiles (ATGMs) Javelins and Ukrainian anti-ship Neptune missiles has taken a heavy toll on…

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Added by Riaz Haq on April 25, 2022 at 11:30am — 29 Comments

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    Blog Posts

    Pakistan's Fiscal Year 2022 GDP Reaches $1.62 Trillion in Purchasing Power Parity (PPP) Terms

    Economic Survey of Pakistan 2021-22 confirms that the nation's GDP grew nearly 6% in the current fiscal year, reaching $1.62 Trillion in terms of purchasing power parity (PPP). It first crossed the trillion dollar mark in 2017. In nominal US$ terms, the size of Pakistan's economy is now $383 billion. In terms of the impact of economic growth on average Pakistanis, the per capita average daily calorie intake jumped to 2,735 calories in FY 2021-22 from 2,457 calories in 2019-20. Pakistan…

    Continue

    Posted by Riaz Haq on June 28, 2022 at 7:00pm — 3 Comments

    Modi's India Busting Western Sanctions, Funding Russia's War On Ukraine

    India, a western ally, is openly buying Russian coal, oil and weapons worth tens of billions of dollars at deep discounts. These actions amount to busting western sanctions and financing President Vladimir Putin's war on Ukraine. Many smaller developing countries, including Bangladesh and Pakistan, are abiding by these sanctions and suffering from the consequences in terms of high prices of fuel and food. Why these double standards? Do these policy contractions serve the broader US interests…

    Continue

    Posted by Riaz Haq on June 26, 2022 at 1:00pm — 7 Comments

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