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Shaikh Hasina has won a 5th term in yet another sham election which saw a mere 40% voter turnout. Bangladesh Nationalist Party (BNP), the main opposition party, boycotted the election. Months leading up to the elections saw protests in the country suffering from economic slowdown, human rights violations and a crackdown on the opposition parties. Her longevity in office is…
ContinueAdded by Riaz Haq on January 8, 2024 at 4:25pm — No 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 — 36 Comments
Imran Khan's government has completed about half of its 5-year term it won in 2018. What are its accomplishments? Where has it failed in terms of economy and foreign policy.
Economy:
Imran Khan inherited a serious balance of payments crisis cased by flat exports and record high imports in 2013-2018 period under Pakistan Muslim League (Nawaz) government. while the PTI government…
ContinueAdded by Riaz Haq on February 21, 2021 at 7:30pm — 20 Comments
Pakistan's technology export growth is continuing to accelerate with a 51% jump in November 2020 over the same month in 2019. The country's tech exports rose 39% in the first 5 months (July-Nov) of fiscal year 2021 over the same period last year. This came on top of a 21% increase in FY 2020 over FY 2019. …
Added by Riaz Haq on December 22, 2020 at 6:30pm — 7 Comments
Pakistan's economy has grown at a compounded annual growth rate (CAGR) of about 5% since the 1960s. While Pakistan's average 5% annual economic growth rate is faster than the global average, it falls significantly short of its peer group in Asia. The key reason is that,…
ContinueAdded by Riaz Haq on September 12, 2020 at 10:30pm — 26 Comments
How much have US-Pakistan ties improved since President Trump's "lies and deceit" tweet on Pakistan? Has Trump completely abandoned the tough Pakistan policy recommended by the 2017 Husain Haqqani-Lisa Curtis paper? What do the US actions such as backing Pakistan's IMF bailout and BLA terror…
ContinueAdded by Riaz Haq on July 14, 2019 at 8:40pm — 9 Comments
Who are the members of Pakistan's top new economic leadership team? Who's Reza Baqir? Who's Shabbar Zaidi? Why were the changes necessary? Were the latest changes made to remove previous PMLN government's loyalists considered to be responsible for the current economic crisis? Did their policies and actions contribute to large twin deficits? Did the International Monetary Fund (IMF) force these changes…
ContinueAdded by Riaz Haq on May 8, 2019 at 11:30pm — 11 Comments
Pakistan consumer confidence index reached an all-time high of 115 in Q2/2018, up 8 points from 107 in Q1/2018, according to latest The Conference Board Global Consumer Confidence Survey (TCB-Global). Pakistan now ranks 9th in the world. Pakistan's neighbor India's consumer confidence…
ContinueAdded by Riaz Haq on November 8, 2018 at 9:30pm — 3 Comments
Top US and Chinese diplomats have visited Pakistan to meet with the country's new prime minister Mr. Imran Khan within days of his assuming office. The US Secretary of State Mike Pompeo was the first to call on Prime Minister Imran Khan in Islamabad. Pompeo's visit was soon followed by a three-day visit by Chinese Foreign Minister Wang Yi. What is at stake in the …
ContinueAdded by Riaz Haq on September 11, 2018 at 10:30pm — 78 Comments
Pakistan's newly-elected Prime Minister Imran Khan has completed his first week in office. He has named his cabinet and key advisors to run his government. What key challenges does he face going forward?
Pakistan graduated from low-income (level 1) to lower-middle-income (level 2) status at the end…
ContinueAdded by Riaz Haq on August 25, 2018 at 4:46pm — No Comments
Every country needs US dollars to import products because the US dollar is the international trade and reserve currency. Only the United States can print dollars; all others must acquire them through exports and capital inflows like investments, remittances and loans. Pakistan has had serious problems in acquiring sufficient amount of dollars for its needs through trade and investments over the last…
ContinueAdded by Riaz Haq on July 31, 2018 at 6:30am — 6 Comments
Pakistan is now the world's third fastest growing economy among the world's top 25 economies with PPP GDP of over one trillion US dollars, according to the International Monetary Fund (IMF). IMF has recently raised the country's 2018 growth forecast to 5.6%.…
Added by Riaz Haq on January 14, 2018 at 10:30am — 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 September 17, 2011 at 11:00am — 2 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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