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April 2019 Blog Posts (7)

Blowout Concerns Delay Confirmation of Pakistan Offshore Oil Discovery

Blowout concerns have stopped offshore drilling in Pakistan yet again. It was underway to confirm discovery of oil and gas in at Kekra-1 well in G-bloc with pre-drill estimate of over 1.5 billion barrels of oil. It was scheduled to restart on April 20, 2019 after pause of 12 days, according to Pakistani media reports. Now it is delayed until the…

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Added by Riaz Haq on April 27, 2019 at 6:00pm — 2 Comments

State of Pakistan's Relations With Iran and India

What does Pakistan Prime Minister Imran Khan hope to accomplish during his Iran visit? What are the key issues bedeviling Iran-Pakistan relations? Cross-border terrorism alleged by both? Pakistan's relations with the Gulf Arabs? CPEC? Afghanistan? Gwadar? Chabahar? Indian RAW's use of…

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Added by Riaz Haq on April 23, 2019 at 2:05pm — 20 Comments

Asad Umar's Exit: Causes and Effects on Pakistan Economy

Who removed Pakistan Finance Minister Asad Umar and why? What was expected of him? Did he fail to deliver it? What are the qualifications of Dr. Hafeez Shaikh who has been picked to replace Asad Umar? Is he better suited to deliver a deal with IMF and other international financial institutions?…

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Added by Riaz Haq on April 22, 2019 at 8:00pm — 3 Comments

OPEN Forum 2019: Pakistani Entrepreneurs Summit in Silicon Valley

OPEN Forum 2019 drew hundreds of Pakistanis and Pakistani-Americans to Santa Clara Convention Center in Silicon Valley on Saturday April 20, 2019.  This year's conference featured a keynote by Karachi-born Mudassir Sheikha, co-founder of …

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Added by Riaz Haq on April 21, 2019 at 9:00am — No Comments

Current Debt Crisis Threatens Pakistan's Future

Pakistan is battling massive twin deficits, deteriorating foreign currency reserves, low exports, diminishing tax revenues, a weak currency, unsustainable external debt payments, and soaring sovereign debt. This crisis has forced the country to seek IMF (International Monetary Fund) bailout, the 13th such request in Pakistan's 72 year history.…

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Added by Riaz Haq on April 13, 2019 at 10:00pm — 10 Comments

Karachi's NED University Ranked Among World's Top 200 For Impact

N.E.D. University of Engineering and Technology (NEDUET) has been ranked among the world's top 200 universities for "impact" by Times Higher Education. The institution located in Pakistan's largest city of Karachi is ranked among 101-200 in the world. NEDUET also tops…

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Added by Riaz Haq on April 6, 2019 at 11:26am — 1 Comment

Pakistan State Bank Targets Digital Currency by 2025 and Fully Digital Economy by 2030

A top official of the State Bank of Pakistan, the nation's central bank, announced that the institution aims to issue a digital currency (Central Bank Digital Currency or CBDC) by 2025, according to media reports.   Speaking at the launch of regulations of Electronic Money Institutions (EMIs), central bank officials said that EMIs will be non-bank entities to be licensed by the…

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Added by Riaz Haq on April 2, 2019 at 9:56pm — 7 Comments

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    Blog Posts

    Inspirational Story of University-Going Daughters of Karachi's Rickshaw Driver

    Three daughters of a Karachi rickshaw driver named Amjad Ali are attending top universities in Pakistan. All three graduated from The Citizens Foundation's K-12 schools located across Pakistan, including poor districts of Pakistan's megacity of nearly 20 million residents. Amina Amjad, the eldest is studying at Dow University of Health Sciences (DUHS) to become a medical doctor, the second daughter is enrolled in Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZBIST) to…

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    Posted by Riaz Haq on June 23, 2019 at 8:00pm — 2 Comments

    Vehicles in Pakistan: Over Half of All Households Own Motorcycles in 2019

    Private vehicle ownership in Pakistan has risen sharply over the last 4 years. More than 9% of households now own cars, up from 6% in 2015. Motorcycle ownership has jumped from 41% of households in 2015 to 53% now, according to data released by Federal Bureau of Statistics (FBS) recently. There are …

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    Posted by Riaz Haq on June 17, 2019 at 10:57am — 5 Comments

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