The Global Social Network
Canadian mining giant Barrick Gold Corporation and the governments of Pakistan and Balochistan have reached a deal to restart the Reko Diq mining project. Reko Diq is the world's 4th largest undeveloped copper-gold porphyry deposit with over 14 million tons of copper and 21 million…
ContinueAdded by Riaz Haq on March 21, 2022 at 9:00am — 26 Comments
India's leaders and their western boosters have been promoting the country as an emerging superpower to counter rising China. They cite the size of India's economy, demography, military and consumer market to back up their assertions. These claims are challenged by India's former chief economic advisor Arvind Subramanian and Josh Felman, former head of IMF in India, in an article titled "India's Size Illusion". In a similar article titled "The Chinese Threat No One Is Talking About — And…
ContinueAdded by Riaz Haq on March 18, 2022 at 1:00pm — 23 Comments
India's March 9 "accidental firing" of Brahmos nuclear-capable supersonic cruise missile into Pakistan has raised serious questions about the safety of the Indian nuclear arsenal. Do the people in charge of India's nukes have basic competence to handle such weapons? Was this really an "unauthorized" or "accidental" firing? Why was there a long delay by New Delhi in acknowledging the incident? Could Pakistan be blamed if it assumed that extremist right-wing …
ContinueAdded by Riaz Haq on March 14, 2022 at 9:00am — 16 Comments
The United Arab Emirates, a grouping of seven Arab Muslim kingdoms, has now become the number one destination for education and employment of people from Hindu India, according to the government data from the two countries. …
Added by Riaz Haq on March 4, 2022 at 6:30pm — 15 Comments
Ukraine is under a massive Russian assault. Kiev is under siege. Russian President Vladimir Putin's main objective is to keep Ukraine permanently out of NATO, the western nations' military alliance. Putin says the West has broken its promise to not expand NATO after the end of the Cold War. Ukraine is complaining that the West has left Ukraine at the mercy of Russia's powerful military after it agreed to give up its nuclear weapons under firm security assurances contained in the Budapest…
ContinueAdded by Riaz Haq on February 26, 2022 at 8:30am — 65 Comments
Commenting on Ukraine, Russian analyst Alexey Kupriyanov told Indian journalist Nirupama Subramanian: "For us, Ukraine is the same as Pakistan for India". What he failed to mention is that Pakistan has developed and retains its …
ContinueAdded by Riaz Haq on February 24, 2022 at 2:00pm — 20 Comments
Digital transactions in Pakistan soared 31.1% to Rs. 88 trillion or $500 Billion in fiscal year 2020-21, according to the nation's top central banker. “If the figure is $500 billion now, you can imagine the pace at which we are digitizing,” said Dr. Baqir Raza, Governor of the State Bank of Pakistan, adding that those transactions showed a year-on-year growth of 30.6% in volume and 31.1% in value. The nation's central bank also reported that the large-value payments segment, known as…
ContinueAdded by Riaz Haq on February 20, 2022 at 11:00am — 15 Comments
Salaries of Pakistanis hired for remote work by foreign employers are among the world's fastest rising, according to the "State of Global Hiring Report 2021" produced by San Francisco based Deel. The company provides employment and payroll services for companies hiring international employees and contractors online. Hiring for work from remote locations has taken off since the start of…
ContinueAdded by Riaz Haq on February 16, 2022 at 5:00pm — 5 Comments
The United States Centers for Disease Control (CDC) have recently assessed American travelers' risk of COVID19 infection in Pakistan being among the lowest in the world. The Economist magazine has ranked Pakistan second in the world for return to the normalcy of pre-pandemic life. These assessments stand in sharp contrast to Pakistan's low ranking for pandemic preparedness by the Global Health Index (GHI). GHS has also continued to rank India higher than its neighbors in spite of Prime…
ContinueAdded by Riaz Haq on February 14, 2022 at 11:12am — 3 Comments
The United Nations has declared February 10 as World Pulses Day to recognize the importance of pulses or daal as global food. This recognition is driven as part of the effort to feed the global population in an environmentally sustainable way. Pulse crops have a lower carbon footprint than most foods because they require a small amount of fertilizer to grow, according to the United Nations. Pulses are protein and fiber rich food grown with a low carbon and water footprint as they are adapted…
ContinueAdded by Riaz Haq on February 10, 2022 at 11:00am — 3 Comments
In a long investigative report titled "The Battle for the World’s Most Powerful Cyberweapon" published today, the New York Times has revealed that the Indian Prime Minister Narendra Modi bought the Pegasus spyware as part of a 2017 $2 billion deal he signed with then Israeli Prime Minister Benjamin Netanyahu. …
Added by Riaz Haq on January 28, 2022 at 8:00pm — 6 Comments
In 1999, President Pervez Musharraf inherited a massive debt of over 100% of GDP run up by the Pakistan Peoples Party and the Pakistan Muslim League (Nawaz) governments in 1990s. Musharraf's policies not only revived the bankrupt economy but also brought down debt to 52% of GDP by 2007. …
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 — 45 Comments
Pakistani-American economist Atif Mian has recently analyzed Pakistan's economy in a series of tweets. He has said "Pakistan's economy is not in a good place", adding that the nation's "per capita income has not risen in 3 years (in fact down slightly)". He has particularly mentioned the country's "exaggerated external demand driven by its rentier economy", "flawed energy policy" and "a broken…
ContinueAdded by Riaz Haq on January 18, 2022 at 7:00pm — 41 Comments
Pakistan's PTI government has built South Asia’s first digital National Socio-Economic Registry (NSER) as a part of its ambitious effort to build a basic social safety net. The Ehsaas (also known as BISP- Benazir Income Support)) program's socio-economic registry includes household information by geography, age, income, education, health, disability, employment, energy consumption, land and livestock holdings etc. …
ContinueAdded by Riaz Haq on January 14, 2022 at 9:00am — 18 Comments
Judge Ayesha Malik has been confirmed as Pakistan's first woman Supreme Court judge in the face of strong opposition by the majority of sitting judges of the top court and Pakistan Bar Council. It was two affirmative votes by the PTI government representatives that helped her win 5-4 confirmation in the Supreme Judicial Council (SJC). Only two of the five sitting Supreme Court judges who are members of the SJC supported her confirmation. …
ContinueAdded by Riaz Haq on January 9, 2022 at 11:00am — 5 Comments
Oil consumption in Pakistan jumped 19% to 20.8 million tons in 2021, a strong indication of the country's economic recovery from the COVID-impacted 2020. In addition to oil, Pakistanis also consumed nearly 4 billion cubic foot of natural gas every day. Energy is fundamental to the functioning of any economy. …
Added by Riaz Haq on January 5, 2022 at 9:00pm — 19 Comments
The Covid19 pandemic that started in late 2019 continued to ravage the world in 2021. Europe, India and the United States were among the most impacted by it. Pakistan was able to control it better than its large eastern neighbor but it, too, was hit by double digit global inflation. Pakistan's economic recovery began in earnest with higher GDP growth, record exports and remittances from the…
ContinueAdded by Riaz Haq on December 30, 2021 at 8:00am — 20 Comments
India is one of the most unequal countries in the world, according to the World Inequality Report 2022. There is rising poverty and hunger. Nearly 230 million middle class Indians have slipped below the poverty line, constituting a 15 to 20% increase in poverty. India ranks 94th among 107 nations ranked by…
ContinueAdded by Riaz Haq on December 23, 2021 at 9:30pm — 29 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 — 34 Comments
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
South Asia Investor Review
Investor Information Blog
Haq's Musings
Riaz Haq's Current Affairs Blog
There is an alarming rapid decline in fertility rates in both developed and developing nations, according to the United Nations. Here is how the Wall Street Journal describes it: "The world is at a startling demographic milestone. Sometime soon, the global fertility rate will drop below the point needed to keep the population constant. It may have already happened". …
ContinuePosted by Riaz Haq on May 14, 2024 at 9:30am
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…
ContinuePosted by Riaz Haq on May 3, 2024 at 5:09pm — 2 Comments
© 2024 Created by Riaz Haq. Powered by