The Global Social Network
The rise of the West was driven by the Industrial Revolution beginning in the 18th century. It has since been fueled by fossil fuels--initially coal and later with oil and gas. Coal was indigenous in Britain and America but it is highly polluting and left much of London and New York with a thick coat of soot on everything in sight. Oil burns relatively cleaner but much of it is in the Middle East,…
ContinueAdded by Riaz Haq on July 30, 2013 at 7:00pm — 2 Comments
"Do your fasting, pay zakat (charitable donations) and serve your parents, but do these things by the light of legal electricity." Peshawar Electric Supply Company (PESCO)
Added by Riaz Haq on July 27, 2013 at 8:40am — No Comments
Pantheon of women superheros has a new entry from Pakistan - the Burka Avenger, a mild mannered school-teacher who fights feudal villains and terrorists getting in the way of girls' education.
Added by Riaz Haq on July 24, 2013 at 11:30am — 13 Comments
First tight gas well producing 15 million cubic feet per day of natural gas is on line at Sajawal gas field in Kirthar block in Sindh province, according to a report in Express Tribune. This marks a major milestone in development of unconventional hydrocarbon energy sources in Pakistan. Sajawal gas field is located 110 km south east of Karachi, Pakistan. It puts…
ContinueAdded by Riaz Haq on July 18, 2013 at 9:30pm — 8 Comments
Frequent IMF bailouts and power blackouts in energy-rich Pakistan are closely tied. One of the key reasons for recurring balance-of-payment crises is the country's rapidly rising oil import bill. The lack of sufficient fuel exacerbates load shedding, negatively impacts economy, reduces tax revenue growth and worsens current account and budget deficits. This requires repeated injections of IMF loans in US dollars to meet import requirements and deal with budget shortfalls.…
Added by Riaz Haq on July 11, 2013 at 10:30pm — 10 Comments
Added by Riaz Haq on July 10, 2013 at 1:00pm — 5 Comments
Sharp fall in Indian currency against the US dollar and slower economic growth have caused India's GDP for Fiscal Year 2012-13 to shrink in US $ terms to $1.84 trillion from $1.87 trillion a year earlier. The Indian rupee has plummeted from 47.80 in 2012 to 54.30 to a US dollar in 2013, according to Business Standard. Since this report was published in Business…
ContinueAdded by Riaz Haq on June 29, 2013 at 8:00am — 22 Comments
Added by Riaz Haq on June 27, 2013 at 4:00pm — 4 Comments
Lahore-based Groopic and Islamabad-based Tunacode have been accepted to be part of this summer’s Blackbox Connect program in Silicon Valley.
Founded by Pakistanis, both companies are start-ups with innovative products whose founding teams are looking to live, learn and network for two weeks at an Atherton mansion this summer from July 15 to 26, 2013. These young entrepreneurs are a reflection of…
Added by Riaz Haq on June 25, 2013 at 7:03pm — 3 Comments
US Secretary of State John Kerry's current visit to India has aroused Indian media's anger with the Times of India protesting that the secretary has "sought to draw parity between India and Pakistan".
In an article titled “Kerry’s soft line on Pakistan a sore subject,” Indian newspaper…
Added by Riaz Haq on June 25, 2013 at 9:49am — 15 Comments
Pakistan's proposed federal budget 2013-14 includes $36 billion in spending with deficit financing of $16 billion. Of this $16 billion, over $5 billion will be borrowed by the federal government to pay the power sector to settle the so-called circular debt.…
Added by Riaz Haq on June 18, 2013 at 3:30pm — 9 Comments
Pakistan has more shale oil than Canada, according to the US Energy Information Administration (EIA) report released on June 13, 2013.…
Added by Riaz Haq on June 16, 2013 at 11:30pm — 28 Comments
Pakistani national cricket team's horrible performance at the 2013 ICC Champions Trophy is uncharacteristic for a side widely regarded by experts as one of the most talented in the world. The latest losses have unleashed a torrent of anger in Pakistan with demands for heads at PCB to roll yet again.…
Added by Riaz Haq on June 16, 2013 at 10:05am — 2 Comments
Pakistan has made remarkable progress in electrification of its towns and villages both in absolute terms and as percentage of population over the past two decades, according to a recently-released report titled "Global Tracking Framework" issued jointly by the World Bank and the International Energy Agency. This report at least partly explains the dramatic increase in demand-supply gap and consequent increase in…
ContinueAdded by Riaz Haq on June 10, 2013 at 11:30am — 6 Comments
Added by Riaz Haq on June 6, 2013 at 5:30pm — 10 Comments
Anum Fatima, a resident of Ibrahim Goth slum located near Karachi's Steel Town, is making history; she is going to Harvard Business School this summer as part of a student exchange program.
Anum's father is employed as a driver and her mother works as a maid. The slum school she attended is run by The Citizen's Foundation (TCF), a private foundation. From 5 schools in Karachi in 1995, TCF has expanded to 910 purpose-built schools with 126,000…
Added by Riaz Haq on May 29, 2013 at 6:00pm — 21 Comments
What is the reason for Imran Khan's selective and misplaced outrage against MQM on Zahra Shahid Husain's murder while ignoring the Taliban killings of ANP and MQM members?
Why is the PTI continuing its sit-in campaign against alleged rigging?
How to explain…
Added by Riaz Haq on May 26, 2013 at 10:03pm — 7 Comments
Added by Riaz Haq on May 24, 2013 at 7:00pm — 29 Comments
China's new Prime Minister Mr. Li KeQiang has just ended a two-day visit to Pakistan. Speaking to the Senate, Li declared that "the development of China cannot be separated from the friendship with Pakistan". To make it more concrete, the Chinese Premier brought with him a 5-points proposal which emphasizes "strategic and long-term planning", "connectivity and maritime sectors" and "China-Pakistan economic…
ContinueAdded by Riaz Haq on May 23, 2013 at 11:30am — 46 Comments
A recent Express Tribune newspaper headline screamed: "Over 27 million children out of school" It included the following graphic that looks even more scary:
The story had the intended effect. Various…
ContinueAdded by Riaz Haq on May 22, 2013 at 8:30am — 22 Comments
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Pakistani student enrollment in America's institutions of higher learning rose 16% last year, outpacing the record 12% growth in the number of international students hosted by the country. This puts Pakistan among eight sources in the top 20 countries with the largest increases in US enrollment. India saw the biggest increase at 35%, followed by Ghana 32%, Bangladesh and…
ContinuePosted by Riaz Haq on April 1, 2024 at 5:00pm
Pakistan's agriculture sector GDP grew at a rate of 5.2% in the October-December 2023 quarter, according to the government figures. This is a rare bright spot in the overall national economy that showed just 1% growth during the quarter. Strong performance of the farm sector gives the much needed boost for about …
ContinuePosted by Riaz Haq on March 29, 2024 at 8:00pm
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