When the British arrived in Mughal India, the country's share of the world GDP was 25%, about the same as the US share of the world GDP today. By 1947, undivided India's share of world GDP ($4 trillion in in 1990 Geary-Khamis dollars) had shrunk to about 6% (India: $216 billion, Pakistan: $24 billion). Since independence, India's contribution to world GDP has shrunk further to about 4%, according to British Economist Angus…Continue
Fashion Pakistan Council (FPC) is currently putting on a 3-day fashion week in Karachi. It is the sixth edition of Fashion Pakistan Week (FPW) showcasing Spring/Summer collections from 24 mainstream and upcoming designers.
Designers at the show include Maheen Khan, Shamaeel Ansari, Nomi Ansari, Hassan Sheheryar Yasin, Deepak Perwani, Fahad Hussayn, Faraz Manan, Amna Aqeel, Jafferjees, Gul Ahmad, Adnan Pardesy, Zainab Chottani, Tapu Javeri, Kamiar Rokni, Maheen Hussain, Nida…
Since the end of the civil war in 2009, Sri Lanka has been booming even as the rest of South Asia region has lagged.…
"I am sure the whole nation would be behind the government if and when we launch a military operation against the terrorists - but I want to give peace a final chance," Prime Minister Nawaz Sharif told members of Pakistan's parliament in a televised speech on January 29, 2014.
So why did Prime Minister Nawaz Sharif decide to make the "final chance" offer of talks to the TTP just when it seemed his government was ready to launch a military operation to root out the Pakistani…
Japanese companies have "strong intentions to expand their business for the reasons of “sales increase” and “high growth potential.” in Pakistan. JETRO 2013 Report
Japanese companies doing business in Pakistan have ranked the country second in the world in terms of business growth, according to a survey conducted by the Japan External Trade Organization (JETRO).…
Australia, England and India, the three biggest revenue producing nations in the world of cricket, are seeking to remodel International Cricket Council (ICC) along the lines of the UN Security Council. They are making a naked bid to get more money and power for themselves at the expense of the cricket boards of the rest of the ICC member nations including Bangladesh, New Zealand,…Continue
Added by Riaz Haq on January 28, 2014 at 4:00pm — No Comments
Pakistan experienced rapid economic and human capital growth in years 2000 to 2008 on President Pervez Musharraf's watch. Savings, investments and exports hit new records and the rate of increase in human development reached new highs not seen before…Continue
A recent study published in Proceedings of the National Academy of Sciences and Nature magazine reports that Pakistanis are among the most carnivorous people in the world.
The scientists conducting the study used "trophic levels" to place people in the food chain. The trophic system puts…
Former President Musharraf's detractors argue that he lacked legitimacy because he came to power through a coup which removed a duly elected government in 1999.
Implicit in Musharraf's opponents' argument is the assumption that the electoral process is the only source of legitimacy for a ruler. It ignores the possibility that the will of the people can also be expressed in ways other than elections to confer legitimacy on a leader. It rejects the notion that a leader can earn…
Total number of deaths in Pakistan terrorist violence declined from 6,211 in 2012 to 5,279 in 2013, the lowest since 11,704 fatalities suffered in 2009, according to figures compiled by South Asia Terrorism Portal.…
Karachi's KSE-100 Stock Market Index was up 49.4% (37% in US$ terms) in 2013, beating all but four stock indices in the world. It handily beat Morgan Stanley's MSCI emerging market index which remained essentially flat. By comparison, India's main stock index rose just 8.89% in the…Continue
An ongoing debate about the vision of Pakistan's founder flares up every year around Christmas time which coincides with Quaid-e-Azam Mohammad Ali Jinnah's birthday. It is centered on one key question: Did the Quaid want an Islamic state or a secular one?
Islamic or Secular Pakistan?…
Added by Riaz Haq on December 30, 2013 at 3:40pm — No Comments
Taiwan, Singapore and South Korea experienced a dramatic rise under authoritarian regimes from 1960s through 1990s. The dictators who led these states also showed the way to…Continue
IT projects ranging from automated meter reading and computerized land records management to online education and mobile banking are now at various stages of implementation across Pakistan. In a report released today, the World Bank calls these projects "unprecedented in the public sector in developing countries". The objective of these efforts is to…Continue
Drone is now a household word in Pakistan. It outrages many Pakistanis when used by Americans to hunt militants and launch missiles in FATA. At the same time, it inspires a young generation of students to study artificial intelligence at 60 engineering colleges and universities in Pakistan. It has given rise to robotics competitions at engineering universities like…Continue
Pakistani rupee has sharply declined to 109.50 rupees to a US dollar, a loss of nearly 10% of its value in just a few months since Mr. Nawaz Sharif was sworn in as Prime Minister in June, 2013. At the same time, the foreign exchange reserves have plunged to $3.463 billion, a 12-year low since November 2001 when country had foreign reserves of $3.5…Continue
Livestock revolution enabled Pakistan to significantly raise agriculture productivity and rural incomes in 1980s. Economic activity in dairy, meat and poultry sectors now accounts for just over 50% of the nation's total agricultural output. The result is that per capita value added to agriculture in Pakistan is almost twice as much as that in…Continue
Malala Yousufzai has inspired about 200,000 children, including 75,000 girls, to enroll in primary schools in Pakistan's Khyber Pukhtunkhwa (KP) province, according to the provincial education minister.
Yousafzai's story "is certainly helping us to promote education in the…
Pakistan is known to have significant natural gas deposits trapped in the form of methane hydrates in sedimentary rocks off the coast of Baluchistan. Tragic as yesterday's earthquake is in terms of loss of human life, it may also have triggered the release of substantial…Continue
FDI is up and load-shedding is down during Prime Minister Nawaz Sharif's government's first 100 days. However, there has been little progress on resolving fundamental issues such as lack of security, growing budget deficits, high current account deficits and continuing heavy subsidies to the power sector and various public sector enterprises like Pakistan Steel Mills, PIA, Railways, etc.
Foreign Inflows Jump:
Prime Minister Nawaz Sharif's first 100 days in…