Is there a correlation between a nation's economic performance and its success at international sports competitions? Has India's economic resurgence contributed to its achieving remarkable second place status on the medals table at the Commonwealth Games 2010 that just concluded in New Delhi?
Economics professor Daniel Johnson and his student…
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Added by Riaz Haq on October 14, 2010 at 5:00pm —
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Pakistani economy grew at a fairly impressive rate of 6 percent per year through the first four decades of the nation's existence. In spite of rapid population growth during this period, per capita incomes doubled, inflation remained low and poverty declined from 46% down to 18% by late 1980s, according to eminent Pakistani economist
Dr. Ishrat Husain. This healthy economic performance was maintained through several wars and successive…
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Added by Riaz Haq on September 27, 2010 at 6:30pm —
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In year 2000, leaders of rich and poor nations pledged to build a better world by 2015. Among their key goals now called Millennium Development Goals: halving extreme poverty and hunger from 1990 levels, reducing by two-thirds the child-mortality rate and slashing maternal mortality by three-quarters and achieving universal primary education.
The good news is that the share of people living on less than $1.25 a day seems on track to meet the goal of halving the extreme poverty rate.…
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Added by Riaz Haq on September 24, 2010 at 11:00pm —
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Over the last two decades, Pakistan has continued to offer much greater upward economic and
social mobility to its citizens than…
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Added by Riaz Haq on September 18, 2010 at 12:00pm —
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Gross domestic product (GDP) is calculated by adding up public and private consumption, investments and exports. Some of the major world economies, most notably Germany and China, are led by exports, while others, such as United States, United Kingdom, India and Pakistan, are primarily domestic consumption driven.
With almost
80% of its GDP from consumption, Pakistan has particularly heavy reliance on domestic…
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Added by Riaz Haq on September 17, 2010 at 8:48pm —
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Members of Pakistani diaspora must remember their compatriots in distress as we celebrate Eid today.
While there have been
high-profile recent efforts by overseas Pakistanis to raise millions of dollars to fund rescue and relief efforts after the recent devastating floods, it is now time to begin to shift focus on to the much longer term and significantly more expensive reconstruction phase that…
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Added by Riaz Haq on September 11, 2010 at 11:00am —
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For every Pakistani hit by floods, there are eight who are still standing and
ready to help. That was the theme that guided the recent Silicon Valley Iftar and Fundraiser organized by
Organization of Pakistani Entrepreneurs (OPEN Silicon Valley) at the Computer History Museum in Mountain View,…
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Added by Riaz Haq on September 2, 2010 at 9:30am —
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A pre-requisite for a responsive and accountable democracy is a substantial middle class population.
An
Asian Development Bank report on Asia's rising middle class released today confirms that Pakistan's middle class now is 40% of the population, significantly larger than the Indian middle class of about 25% of its population.
The other significant news reported by…
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Added by Riaz Haq on August 19, 2010 at 4:58pm —
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The
devastating floods in Pakistan have dampened the spirits of its people on its 63rd independence day this Aug 14, 2010. All official events marking the day have been canceled as the nation mourns the death of at least 1700 of its citizens and finds itself overwhelmed by the monumental relief and rescue efforts aimed at tens of millions of people across three provinces.
As the scope and scale of…
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Added by Riaz Haq on August 14, 2010 at 9:48am —
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Former
T20 World Champ Pakistan have finally reclaimed some of their lost honor by beating Australia in two T20 matches on consecutive days at Edgbaston, England. These convincing 2020 match wins brought an end a long losing streak for Pakistan which was comprehensively beaten by the Aussies in all formats in 12 consecutive matches played in Australia and West Indies.
Although the T20 matches were…
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Added by Riaz Haq on July 9, 2010 at 6:33pm —
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India's IT sector business is essentially driven by low-cost call centers, first-line tech support, simple repetitive code writing, and execution of pre-defined test suites. A typical Indian IT worker is increasingly being called a "cyber coolie" or sometimes a "code coolie", the former term having been coined by an astute Indian columnist
Praful Bidwai back in…
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Added by Riaz Haq on July 3, 2010 at 12:36pm —
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With the planned September launch of its Pakistan edition, Newsweek magazine is the latest publication to join Pakistan's media revolution, according to
MediaBistro.com. Newsweek Pakistan will be the first licensed international news magazine for the country and the eighth local edition under the Washington Post Co.-owned Newsweek brand. Other country editions published by…
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Added by Riaz Haq on June 24, 2010 at 11:13am —
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TED (Technology, Entertainment, Design) is a U.S. based private non-profit foundation that is best known for its conferences, now held in Europe and Asia as well as the U.S., devoted to what it calls "ideas worth spreading." Its lectures, called TED Talks distributed through the Internet, are subject to an eighteen-minute time limit. Speakers are an eclectic mix of people with ideas representing a wide cross section of humanity.
TED is run by Chris Anderson, a Pakistani-born…
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Added by Riaz Haq on June 22, 2010 at 1:53pm —
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OPEN Forum 2010 in Silicon Valley, California attracted nearly 600 people, including entrepreneurs, venture capitalists, engineers, lawyers, physicians and others on June 5, 2010. It was an all day conference organized by the
Organization of Pakistani Entrepreneurs (OPEN) in Silicon Valley featuring 5 plenary sessions, and over a dozen break-out sessions addressed by 58 speakers and panelists on special topics of interest to various groups of…
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Added by Riaz Haq on June 9, 2010 at 6:14pm —
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America's popular public radio network, the National Public Radio or NPR, sent several correspondents last month to
India and Pakistan to travel along the Grand Trunk Road and
report on the contemporary life along the ancient route in the South Asian subcontinent.
Stretching 2500 kilometers from Kolkata in…
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Added by Riaz Haq on June 4, 2010 at 7:00pm —
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Pakistan's media and telecom
revolution that began during the
Musharaf years is continuing unabated.
According to Daily Times, Chairman Mushtaq Malik of the Pakistan Electronic Media Regulatory Authority (PEMRA) has said that the cable television sector “is the fast growing segment among the electronic media ventures”. In the…
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Added by Riaz Haq on May 28, 2010 at 6:26pm —
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Freakonomics is a series of books by authors Steven D Levitt and Stephen J Dubner who find data points, patterns, correlations and trends that are often missed by mainstream economists and researchers. For example, the authors see how legalization of abortion may have caused significant crime rates decline in the United States in recent decades. They argue with various statistics to reject other possible explanations like gun control, strong economy, three-strikes laws etc. Authors say that the…
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Added by Riaz Haq on May 24, 2010 at 5:00pm —
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The simplest definition of the middle class is a group of people in a society who are neither rich nor poor. The middle class has always been considered vital to a country's stability and growth. The rich and the poor simply distrust each other too much to let the other govern. Nations with large middle class populations find it easier to sustain good, democratic governance.
Unfortunately for Pakistan, the size of the middle class was very small when it came into existence, and the…
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Added by Riaz Haq on May 10, 2010 at 5:49pm —
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A Times of India
report last year claimed that "Pakistan has surged well ahead of India in the missile arena". It also lamented that "the only nuclear-capable ballistic missile in India's arsenal which can be said to be 100% operational as of now is the short-range Prithvi missile".
Along with raising the alarm, the Indian report offered the usual excuse for the…
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Added by Riaz Haq on April 27, 2010 at 5:50pm —
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India's rapid economic growth has brought it enormous positive attention of the world media, billions of dollars in foreign investments, and new-found status on the international diplomatic scene. Goldman Sachs has promoted it by coining the term "BRIC" which groups India with other major emerging markets like Brazil, China and Russia as an investment destination. Inclusion in G20 has put the Indian leaders alongside the world's richest G7 nations. Indian business leaders in partnership with…
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Added by Riaz Haq on April 25, 2010 at 9:06pm —
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