Riaz Haq's Blog Posts Tagged 'Economy' (142)

Pakistan's Emerging Market Upgrade

MSCI Pakistan Index will be reclassified to Emerging Markets status, coinciding with the May 2017 Semi-Annual Index Review, according to an MSCI press release on June 14, 2016.

Emerging Market Upgrade:

Pakistan's Karachi Stock Exchange KSE100 Index has rallied 14% in 2016, making it Asia's best performing market so far this year in anticipation of the MSCI…

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Added by Riaz Haq on June 14, 2016 at 5:00pm — 5 Comments

Pakistan Economy & Budget; NIA Pathankot Report; Hillary v Trump

How’s Pakistani economy doing? Is it gaining strength? How are the major economic indicators looking? What are Nawaz Sharif government’s economic priorities? How has it allocated spending in budget 2016-17 presented to National Assembly by Finance Minister Ishaq Dar? Why does Pakistan rely almost entirely on indirect taxation to raise revenue? Why is there such disproportionate burden for revenue placed on… Continue

Added by Riaz Haq on June 5, 2016 at 8:19am — 14 Comments

Gallup Survey Says Pakistan Among Top Nations For Optimism

The results of the 2015 WIN/Gallup International survey of 68 countries across the globe show Pakistan ranking 5th on economic optimism and 10th on overall optimism.

The World Bank reporting the tailwinds pushing Pakistan's economic growth seems to support the optimism in Pakistan.  Most observers believe that the year 2015 has turned out to be a good…

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Added by Riaz Haq on January 9, 2016 at 10:19pm — 12 Comments

Pakistan's Year 2015 in Review

A Happy, Peaceful and Prosperous New Year to all my readers.

The year 2015 turned out to be a good year for Pakistan with the return of general optimism among businessmen, investors and consumers. Economic recovery continued as Pakistan Army's efforts, including its Operation Zarb e Arb and Karachi…

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Added by Riaz Haq on January 1, 2016 at 5:00pm — 7 Comments

Pakistan Economy Nears Historic Trillion Dollar PPP GDP Mark

Pakistan's PPP GDP is nearing trillion US$ mark in 2015, according to the latest figures available from the International Monetary Fund.

Nominal GDP based on current exchange rates is reported at $270 billion in 2015, up from $246 billion in 2014, an increase of $24 Billion.  Pakistan's per capita nominal GDP for 2015 is $1,427.085, up from $1,325.790 in 2014.…

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Added by Riaz Haq on December 16, 2015 at 9:00pm — 6 Comments

Pakistan Economy Recovering: Car Sales Up 72%; Cement Sales Rise 16.89%

Pakistan auto industry is booming. Toyota, Suzuki and Honda factories are working around the clock in the southern port city of Karachi and eastern city of Lahore -- yet customers can still wait for up to four months for new vehicles to be delivered, according to media reports. At the…

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Added by Riaz Haq on October 18, 2015 at 5:00pm — 37 Comments

Middle Class Pakistanis Richer Than Their Indian Counterparts

Pakistan’s middle class consists of over 6.27 million adults, according to wealth criteria used by Credit Suisse in its Global Wealth Report 2015. It represents 5.7% share of Pakistan’s total adult population of 111 million, almost twice as large as India’s middle class made up of 3% of its adult population based on the same criteria.…

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Added by Riaz Haq on October 16, 2015 at 8:30pm — 4 Comments

Pakistan Economic History 1947-2010





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…

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Added by Riaz Haq on October 14, 2015 at 9:30am — 4 Comments

Are Things Looking Up For Modi?

Things are not looking so rosy at home for Indian Prime Minister Narendra Modi as he continues his world tour with the latest stop in Beijing, China.

Is Modi…

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Added by Riaz Haq on May 14, 2015 at 7:30pm — 23 Comments

Pakistan 2.0: Technology to Drive Productivity and GDP

Introduction of green revolution technologies drove Pakistan's rapid GDP growth in 1960s and 1970s when it was essentially an agricultural economy. The decade of 1980s saw livestock revolution that helped increase farm productivity. Will rapid absorption of information and communication technology (ICT) do the same in coming…

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Added by Riaz Haq on May 11, 2015 at 10:24pm — 24 Comments

Post Cold War Geopolitics Keeps Indian Economy Afloat

India runs massive current account deficits. Its imports far outstrip exports year after year. According to the Reserve Bank (RBI) data, in the April-December 2014 period of last fiscal, India's current account deficit stood at $31.1 billion or 2.3% of …

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Added by Riaz Haq on April 20, 2015 at 8:30pm — 12 Comments

TiECON 2015 Karachi: Top 5 Reasons to Stay Away From Pakistan

Guest Post

by Monis Rehman, CEO of Rozee.pk

Based on Presentation at TIECON 2015 in Karachi

#5: Pakistan is the World’s most dangerous country

You are 50 times more likely to be murdered in St. Louis than killed in a terrorist attack in Pakistan

You are 10 times more likely to be killed in a car accident in the US than killed in a terrorist attack…

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Added by Riaz Haq on April 8, 2015 at 8:00pm — No Comments

Median Incomes and Middle Class in Bangladesh, India and Pakistan

Pakistan's per capita median income is $73.26 per month in terms of 2005 PPP (purchasing poverty parity) US dollars as of 2010. It is higher than India's $60.48 and Bangladesh's $51.67 per capita per month, according to the World…

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Added by Riaz Haq on March 27, 2015 at 10:30pm — 8 Comments

Construction Boom to Boost Pakistan Economy

Domestic cement sales are up 9% year-over-year for the first 7 months of Pakistan's Fiscal 2014-15, according to media reports.  Overall, cement industry reports cement shipment of over 20 million tons in 7 months, a 6% annual increase with rising domestic demand offsetting falling exports…

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Added by Riaz Haq on February 15, 2015 at 11:30pm — 18 Comments

India-Pakistan Economies Compared in 2014

India and Pakistan are running neck and neck in per capita GDP in both nominal US dollar terms and purchasing power parity terms, according to data available from multiple sources.

Nominal and PPP GDP:

CIA…

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Added by Riaz Haq on October 3, 2014 at 9:00pm — 9 Comments

Yet Another Lost Decade Under Democracy in Pakistan?

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…

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Added by Riaz Haq on June 2, 2014 at 11:57pm — 1 Comment

Pakistan's Shadow Entrepreneurs

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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Added by Riaz Haq on May 27, 2014 at 11:00pm — 5 Comments

Pakistani Economy Suffers From Sharp Decline in FDI and Savings Rate

Pakistan needs investment of 20% of GDP to achieve 5% economic growth, a capital-to-output ratio (COR) of four, according to Mohsin Mushtaq Chandna, economic minister at the Pakistan Embassy in Washington, DC.



Major Issues:



In a wide-ranging presentation to the Pakistan Club at the University of Chicago Booth School of Business, Mr. Chandna,… Continue

Added by Riaz Haq on May 13, 2014 at 10:00am — 7 Comments

OPEN Forum 2014: Question Iftikhar Chaudhry About His Adverse Impact on Pakistan Economy

Organization of Pakistani-American Entrepreneurs (OPEN) Silicon Valley has just announced a panel discussion featuring Pakistan's former Chief Justice Iftikhar Chaudhry and former attorney general Munir Malik.…



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Added by Riaz Haq on April 29, 2014 at 11:30pm — 5 Comments

Pakistan Economy Better Than 27 Countries including India and Iran

Pakistan (score 21.9) at 28 ranks below Iran (score 61.6) at 2 and India (score 25.6) at 19 on world misery index rankings for 2013 compiled by Washington's Cato Institute. Other nations worse off than Pakistan on the list include Serbia, Argentina, Jamaica, Egypt, Spain, South Africa, Brazil, Greece, Macedonia, Palestine,… Continue

Added by Riaz Haq on April 26, 2014 at 7:41pm — No Comments

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    Blog Posts

    India's Modi Brags About Ordering Transnational Assassinations

    In a campaign speech on May 1, Indian Prime Minister Narendra Modi bragged about his campaign of transnational assassinations of individuals he has labeled "terrorists". “Today, India doesn't send dossiers to the masters of terrorism, but gives them a dose and kills them on their home turf", he is reported to have said, according to a tweet posted by his BJP party. Last…

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    Posted by Riaz Haq on May 3, 2024 at 5:09pm — 2 Comments

    Pakistanis' Insatiable Appetite For Smartphones

    Samsung is seeing strong demand for its locally assembled Galaxy S24 smartphones and tablets in Pakistan, according to Bloomberg. The company said it is struggling to meet demand. Pakistan’s mobile phone industry produced 21 million handsets while its smartphone imports surged over 100% in the last fiscal year, according to …

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    Posted by Riaz Haq on April 26, 2024 at 7:09pm

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