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Meager 4.1% GDP growth reported by Pakistan for 2013-14 caps sixth consecutive year of disappointing economic performance under "democratic" governments in the country. This slow growth brings back bitter memories of the last lost decade of 1990s when economic growth plummeted to between 3% and 4%, poverty rose to 33%, inflation was in double digits and the foreign debt mounted to nearly the entire GDP of…
ContinueGeo TV has lost 80% of its viewers and billions of rupees in advertising revenue since it accused Pakistan's ISI of attempting to assassinate its anchor Hamid Mir last April, according to credible reports in the mainstream media.
Pakistan's once…
ContinueAdded by Riaz Haq on May 31, 2014 at 7:30pm — No Comments
Pakistan has 109 informal entrepreneurs for every formally documented entrepreneur, ranking the country 4th in the world for the size of its shadow economy, according to a study published by Professor Erkko Autio and Dr. Kun Fu of the Business School of London's Imperial College.
Pakistan's 109 shadow entrepreneurs for every officially registered one rank it 4th…
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Prime Minister Recep Tayyip Erdoğan has scored a convincing victory over his opponents in the latest municipal polls in Turkey. His Justice and Development Party (AKP) has won 44% of all the votes, well ahead of the 29% for the opposition People's Republican Party (CHP) which was founded as a secular party by…
ContinueAdded by Riaz Haq on April 2, 2014 at 8:56pm — 4 Comments
"The Pakistani establishment, as we saw in 1998 with the nuclear test, does not view assistance -- even sizable assistance to their own entities -- as a trade-off for national security vis-a-vis India". US Ambassador Anne Patterson, September 23, 2009
Pakistan has the world's fastest growing nuclear arsenal today in the midst of a fierce insurgency waged…
Added by Riaz Haq on March 28, 2014 at 9:00am — 10 Comments
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A Pakistan-American franchisee has joined a Qatari-backed investor group's bid to buy out the US-based Papa John's Pizza restaurants chain. Nadeem Bajwa started his part-time job in 1991 as a pizza delivery driver for Papa John's while attending college in Indiana. He has since risen to become the largest franchisee with nearly 300 restaurants across the United States. Bajwa's backing could help Irth, which is also backed by Brookfield Asset Management, in its $47 a share pursuit of…
ContinuePosted by Riaz Haq on May 18, 2026 at 10:00am
In a television speech to the nation, Indian Prime Minister Narendra Modi urged his people to make sacrifices by spending less on fuel, fertilizer, and travel. He also asked them not to buy gold for a year. “To save foreign exchange, we must accept the challenge of patriotism,” he said. It appears that India's problems do not just stem from the effects of the US-Iran war; India's problems started well before that. Flight of foreign capital has put the Indian currency under tremendous…
ContinuePosted by Riaz Haq on May 11, 2026 at 9:00pm — 12 Comments
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