The Global Social Network
Ruling politicians in New Delhi continue to hype their country's economic growth even as the Indian currency hits new lows against the US dollar, corporate profits fall, electrical power demand slows, domestic savings and investment rates decline and foreign capital flees Indian markets. The International Monetary Fund (IMF) has questioned India's GDP and independent economists…
ContinueAdded by Riaz Haq on January 25, 2026 at 4:30pm — 13 Comments
Falling solar panel prices and soaring rates for grid electricity are driving a renewable power boom in Pakistan. A second factor spurring the growth in clean energy installations is the requirement of major western apparel brands for garments and textile manufacturers to switch to clean energy. As a result, the solar panel imports in the country jumped from 2,800 MW in 2022 to 5,000 MW in 2023, in…
ContinueAdded by Riaz Haq on July 10, 2024 at 12:30pm — 73 Comments
With a new 330 MW mine-mouth coal-fired power plant in Tharparkar, Pakistan has now reached 990 MW of power fueled by the local lignite. Thar coal production is being expanded and plans are in place to convert three more imported anthracite coal fired plants to burn domestic lignite as soon as its production is expanded and a rail link is completed to transport the fuel to the rest of the country. Plans call for using Thar coal in three coal-fired plants currently burning imported…
ContinueAdded by Riaz Haq on August 7, 2022 at 7:00pm — 38 Comments
Nuclear power plants in Pakistan generated 15,540 GWH of electricity in 2021, a jump of 66% over 2020. Overall, Pakistan's power plants produced 136,572 GWH of power, an increase of 10.6% over 2020, indicating robust economic recovery amid the COVID19 pandemic. …
Added by Riaz Haq on January 21, 2022 at 8:30pm — 50 Comments
Is Bangladesh's officially reported GDP figure credible? Do consumption figures support Bangladesh's claim of higher per capita income than India and Pakistan? Is it the recent rebasing of GDP that boosted Bangladesh's per capita income above India's and Pakistan's? If Bangladesh has higher GDP per capita,…
ContinueAdded by Riaz Haq on December 19, 2021 at 5:00pm — 35 Comments
Pakistani power sector is continuing its march toward cheap indigenous sources of electricity. Hydropower component has increased 22%, coal 57% and nuclear 8% while oil is down 54% and natural gas and LNG are down 32% and 15% respectively, according to Bloomberg. These…
ContinueAdded by Riaz Haq on August 1, 2020 at 1:00pm — 19 Comments
Pakistan National Electric Power Regulatory Authority (NEPRA) has cut electricity price by 2.99 rupees (2.7 U.S. cents) per unit under the fuel adjustment for the month of December, 2017, according to news reports. This reduction brings the price per kilowatt-hour to Rs. 5.11 (4.60 US cents), down from Rs. 8.10 (7.30 US cents).
Power Rate in Pakistan:…
ContinueAdded by Riaz Haq on January 25, 2018 at 9:40pm — 6 Comments
Added by Riaz Haq on May 18, 2017 at 11:00am — 28 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.…
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There are ten Pakistani immigrants included among founders or co-founders of unicorns in America, according to a recent study by the National Foundation for American Policy (NFAP). A unicorn is a startup with a valuation of at least one billion U.S. dollars. Immigrant entrepreneurs of US unicorns are diverse, hailing from 76 different countries. India, with 96 companies, is the leading country of origin for the immigrant founders of U.S. billion-dollar companies. Immigrants…
ContinuePosted by Riaz Haq on June 8, 2026 at 6:00pm
"Indians live like cockroaches and die like cockroaches", argued Jayant Bhandari in an X post in April this year. "They vote for bottom of the barrel cockroaches as rulers, who rightly treat them as cockroaches", he added, faulting the people of India for this state of affairs. More recently, Indian Supreme Court Chief Justice Surya Kant said during a hearing that certain unemployed youth were "like cockroaches" who enter professions with fake degrees or become social media…
ContinuePosted by Riaz Haq on June 2, 2026 at 1:30pm — 5 Comments
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