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Riaz Haq's Blog – April 2012 Archive (6)

Pak Virtual Education Institution Wins Top Award

Pakistan's Virtual University (VU) has won the Outstanding New Site Award 2012 for an Open CourseWare website which was created last year, according to media reports.



The Awards for OpenCourseWare Excellence…

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Added by Riaz Haq on April 30, 2012 at 11:00pm — 15 Comments

Expensive Fuel Hits Power Sector in India & Pakistan

Lack of affordable fuel has forced many power producers in Pakistan to operate at a fraction of their installed capacity since 2008. It has led to widespread load-shedding in the country, seriously hurting its economy. Similar situation now appears to be developing in India as well, although it's not quite as serious as Pakistan's current crisis yet. Current costs of various fuel options vary from $4 per mmBTU for coal to $20 per mmBTU for oil. Recently, the US prices of natural gas have…

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Added by Riaz Haq on April 21, 2012 at 10:00am — 13 Comments

Pakistan Should Seek US & Saudi Help to Develop Domestic Shale Gas Reserves

There are strong rumors that Kingdom of Saudi Arabia has joined the United States to oppose Iran-Pakistan gas pipeline project for which Pakistan is trying to arrange financing in the face of tightening US sanction on Iran.

The Chinese have already pulled out of the project after the US imposed sanctions on banks and other entities dealing with projects and transactions involving Iran. Russia's Gazprom is reportedly interested in financing and constructing the Pakistan section of the…

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Added by Riaz Haq on April 17, 2012 at 5:00pm — 9 Comments

Shale Gas Revolution For Abundant & Cheap Energy in Pakistan

US natural gas prices have fallen below $2 per million BTU (approx 1000 cubic feet), about one-sixth of the price Pakistan has agreed to pay for Iranian gas. With over 50 trillion cubic feet of known shale gas reserves in Sindh alone, Pakistanis can also enjoy the benefits of cheap and abundant source of energy for decades via…

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Added by Riaz Haq on April 12, 2012 at 6:30pm — 4 Comments

Pakistan's Informal Sector Drives Consumer-Led Economic Boom

Car sales increased 14 percent in February from a year earlier. Cement sales are rising with growing housing demand for increasing population. Lucky Cement, Pakistan’s biggest publicly traded construction materials company, is expected to post record earnings this year. Rising farm prices of bumper crops are pumping hundreds of billions of rupees each year into Pakistan's rural economy.

Contrary to…

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Added by Riaz Haq on April 7, 2012 at 7:30am — 15 Comments

Pakistan Can Overcome Energy Crisis with US Help on Shale Gas Development

Pakistan has over 50 trillion cubic feet of shale gas reserves, according to the US Energy Information Administration (EIA) estimates. It's enough to energize Pakistani homes, businesses, power plants, CNG vehicles, fertilizer plants and factories for 25 years at a rate of 2 trillion cubic feet of consumption per year at…

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Added by Riaz Haq on April 4, 2012 at 6:00pm — 2 Comments

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    Pakistani-American Dr. Asad Qamar of APPNA Among Highest Paid Doctors in America

    Dr. Asad Qamar, a graduate of Lahore's King Edwards Medical College, received $18.2 million in payments from US Medicare program in 2012, making him the second highest billing doctor in America. Dr. Qamar is a member of APPNA, Association of Physicians of Pakistani Descent in North America. He was a candidate for the presidency of APPNA in… Continue

    Posted by Riaz Haq on April 11, 2014 at 10:37am

    Pakistan's Umar Saif in Silicon Valley

    Umar Saif was invited by Organization of Pakistani-American Entrepreneurs (OPEN) to an event yesterday at the Palo Alto offices of Pillsbury Winthrop Shaw Pitman Law Firm  in Silicon Valley to talk about the state of technology in Pakistan. The event was appropriately titled: "Presenting Umar-The Force Behind Plan 09- Pakistan's Leading Incubator For… Continue

    Posted by Riaz Haq on April 8, 2014 at 10:30am — 1 Comment

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