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June 2013 Blog Posts (9)

Indian Economy Shrank in USD Terms in 2012-13 as Global Economy Slowed

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…

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Added by Riaz Haq on June 29, 2013 at 8:00am — 22 Comments

There is No Illiteracy and No Crime in Pakistani Village of Rasoolpur

Pakistan's sensational media coverage projects only the dark side of the country with a constant stream of news stories of militancy, illiteracy and deprivation. But BBC Urdu took a road less traveled and found a small village of Rasoolpur in the Punjab which…
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Added by Riaz Haq on June 27, 2013 at 4:00pm — 3 Comments

Two Pakistani Start-ups Going to Silicon Valley

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…

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Added by Riaz Haq on June 25, 2013 at 7:03pm — 3 Comments

Kerry's Hyphenation of India and Pakistan Angers Indians

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…

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Added by Riaz Haq on June 25, 2013 at 9:49am — 12 Comments

Pakistan to Beg and Borrow Billions to Finance 2013-14 Budget

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.…



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Added by Riaz Haq on June 18, 2013 at 3:30pm — 9 Comments

Pakistan's Vast Oil Reserves

Pakistan has more shale oil than Canada, according to the US Energy Information Administration (EIA) report released on June 13, 2013.…





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Added by Riaz Haq on June 16, 2013 at 11:30pm — 27 Comments

Pak Cricket Needs World-class Batting Coach and Top Sports Psychologist

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.…





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Added by Riaz Haq on June 16, 2013 at 10:05am — 2 Comments

Pakistan Energy Supply Fails to Keep Pace With Growing Access

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…

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Added by Riaz Haq on June 10, 2013 at 11:30am — 5 Comments

"Democratic" India's Share of World's Poor Jumps as "Autocratic" China's Poverty Declines Sharply!

A billion people were lifted from abject poverty between 1980 and 2010. China accounts for nearly three quarters of these, or 680 million people brought out of misery, by reducing its extreme-poverty rate from 84% in 1980 to 10% now, according to a report in The Economist.  The report adds that with "poorer governance in India and Africa, the next… Continue

Added by Riaz Haq on June 6, 2013 at 5:30pm — 10 Comments

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    Blog Posts

    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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    Posted by Riaz Haq on April 23, 2019 at 2:05pm

    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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    Posted by Riaz Haq on April 22, 2019 at 8:00pm

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