The Global Social Network
Added by Riaz Haq on December 7, 2022 at 9:30am — 45 Comments
Among 10 countries with the estimated net outflow of migrants exceeding 1 million over the period from 2010 through 2021, Pakistan saw 16.5 million migrants move overseas, the highest in the world, according to a report titled "World Population Prospects 2022" released by the United Nations Department of Economic and Social Affairs (UN DESA). …
ContinueAdded by Riaz Haq on July 17, 2022 at 4:00pm — 6 Comments
Last week, two official spokespersons of India's ruling BJP party insulted Prophet Muhammad (PBUH) on an Indian television channel known for promoting Islamophobia. Mohammad Zubair, an Indian Muslim journalist, tweeted a video clip of the TimesNow primetime show featuring BJP's official spokeswoman Nupur Sharma attacking the Prophet (SAW) revered by more than a billion Muslims around the world. As…
ContinueAdded by Riaz Haq on June 7, 2022 at 8:00am — 42 Comments
Remittances from the European Union (EU) to Pakistan soared 49.7% in FY 21 and 28.3% in FY22, according to the State Bank of Pakistan. With $2.5 billion remittances in the first 9 months (July-March) of the current fiscal year, the EU ($2.5 billion) has now surpassed North America ($2.2 billion) to become the third largest source of inflows to Pakistan after the Middle East and the United Kingdom. Remittances from the US have grown 21%, second fastest after the EU (28.3%) in the first 9 …
ContinueAdded by Riaz Haq on May 1, 2022 at 11:30am — 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
Pakistan's quarterly technology exports reached $635 million in the first quarter of the current fiscal year 2021-22, up more than 6 times since the first quarter of fiscal year 2009-10. The nation's overall quarterly merchandise exports have been relatively flat at about $6 billion average during this period. …
Added by Riaz Haq on October 19, 2021 at 7:00pm — 6 Comments
Pakistan has received nearly $30 billion in worker remittances in fiscal year 2020-21, according to the State Bank of Pakistan. This is a new record representing about 10% of the country's gross domestic product (GDP). This money helps the nation cope with its perennial current account deficits. It also provides a lifeline for millions of Pakistani families who use the money to pay for food,…
ContinueAdded by Riaz Haq on July 13, 2021 at 10:30am — 30 Comments
Pakistan's technology exports are continuing to soar amid the Covid19 pandemic. Tech exports jumped 43% in December, 2020 and 40% in July-December 2020 period over the same period in 2019. This is a rapid acceleration from 21% increase in all of Fiscal Year 2020 (July-June 2020) over FY 2019. Tech exports (up 40%) far outpaced overall exports (up 5.1%) in this period.
The modest 5.1% increase in Pakistan's overall exports is still commendable in the midst of the global economic…
ContinueAdded by Riaz Haq on January 24, 2021 at 4:37pm — 12 Comments
Pakistani diaspora sent home $14.2 billion in remittances in July-December 2020, up 25% from the same period in 2019. Pakistanis settled in the United Kingdom and the United States increased their remittances by 52% and 47% respectively in this period, helping Pakistan achieve a record $1.8 billion current account surplus in the first 6 months of the ongoing fiscal year…
ContinueAdded by Riaz Haq on January 16, 2021 at 6:00pm — 13 Comments
Nearly 600,000 Pakistanis have gone overseas for work in the first 11 months of this year, according to figures recently released by Pakistan Bureau of Emigration and Overseas Employment. This phenomenon has helped reduce unemployment in a country where about 2 million young…
ContinueAdded by Riaz Haq on December 27, 2019 at 9:00am — 33 Comments
Remittance inflows from Pakistani diaspora have jumped 21-fold from about $1 billion in year 2000 to $21 billion in 2018, according to the World Bank. In terms of GDP, these inflows have soared nearly 7X from about 1% in year 2000 to 6.9% of GDP in 2018.
Meanwhile, Pakistan's exports have declined from 13.5% of GDP in year 2000 to…
ContinueAdded by Riaz Haq on December 9, 2018 at 2:00pm — 21 Comments
The World Bank sees Pakistan's GDP to grow 5.5% in current fiscal year 2017-18 ending in June 2018, a full percentage point faster than the 4.5% average GDP growth for Emerging and Developing Economies (EMDEs) that include Argentina, Brazil, China, India, Nigeria and Russia among others. However, Pakistan economic growth continues to lag growth forecast for regional economies of…
ContinueAdded by Riaz Haq on January 11, 2018 at 10:24am — 4 Comments
Overseas Pakistanis sent home $20.5 billion in remittances in 2016, an increase of 5.1% over 2015, according to the World Bank. Pakistan's remittances are 7.5% of its 2015 GDP of $270 billion.
Pakistan's Declining Exports:
The increase in remittances from …
ContinuePakistani diaspora sent home $19.3 billion in remittances in 2015, representing 12.8 % increase over 2014, according to a World Bank Report titled "Migration and Development Brief" released today.
Pakistan's $19.3 billion in remittance make up 6.9% of 2014 GDP, essentially…
ContinueAdded by Riaz Haq on April 14, 2016 at 10:00pm — 7 Comments
Pakistanis sent nearly $5 billion to help their relatives in India in 2015, according to data released by the World Bank. This makes Pakistan the 4th largest source of foreign remittances to India, putting Pakistan ahead of Kuwait and the United Kingdom. Only United Arab Emirates, United States and Saudi Arabia sent more money to India.…
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Aaron Bushnell, an active serviceman in the United States Air Force, burned himself to death in front of the Israeli Embassy in protest against the US policy in Gaza. Before setting himself on fire in what he called an "extreme act of protest", he said he would "no longer be complicit in genocide". Polls show that the vast majority (63%) of Americans want an immediate end to the carnage being perpetrated by Israel in Gaza. …
ContinuePosted by Riaz Haq on February 27, 2024 at 5:30pm
Independent candidates backed by the Pakistan Tehreek e Insaf (PTI) party emerged as the largest single block with 93 seats in the nation's parliament in the general elections held on February 8, 2024. This feat was accomplished in spite of huge obstacles thrown in front of the PTI's top leader Imran Khan and his party leaders and supporters by Pakistan's powerful military…
ContinuePosted by Riaz Haq on February 16, 2024 at 9:22pm — 1 Comment
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