The Global Social Network
NASDAQ IPO of Silicon Valley's cyber security firm Fire-eye has made its Pakistani-American founder Ashar Aziz worth $430 million at the market close on Friday, according an estimate by Forbes magazine.
Added by Riaz Haq on September 23, 2013 at 6:00pm — 8 Comments
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…
Added by Riaz Haq on September 20, 2013 at 5:30pm — 19 Comments
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"My working and personal relationship with President Obama is marked by growing trust. I appreciate this. I carefully studied his address to the nation on Tuesday. And I would rather disagree with a case he made on American exceptionalism, stating that the United States’ policy is “what makes America different. It’s what makes us exceptional.” It is extremely dangerous to encourage people to see themselves as exceptional, whatever the motivation. There are big…
Added by Riaz Haq on September 13, 2013 at 6:30pm — 17 Comments
Some argue that the Two Nation Theory died with the 1971 partition of Pakistan that led to the separation of East Pakistan and the creation of Bangladesh. Others say that the TNT (Two Nation Theory) was dead the day Pakistan's founder Quaid-e-Azam Mohammad Ali Jinnah passed away on Sept 11, 1948.…
Added by Riaz Haq on September 11, 2013 at 8:19pm — 21 Comments
Talks offer by Prime Minister Sharif has caused a significant rift in the Pakistani Taliban leadership. While Punjabi Taliban's leader Asmatullah Muawiya has welcomed the offer, leaders of the Pashtun Taliban have rejected it. The split has become more serious with the Pashtun Taliban's decision to remove Muawiya from his position as the leader of the Punjabi Taliban.…
Added by Riaz Haq on August 29, 2013 at 5:55pm — 7 Comments
Plummeting Indian rupee is the most obvious symptom of the world losing confidence in India. The crisis of confidence is so great that Jim O'Neill, former Goldman Sachs executive whose BRIC acronym made India an attractive investor destination in 2001, has recently said that “if I were to change it, I would just leave the "C"" in BRIC.…
Added by Riaz Haq on August 25, 2013 at 8:00am — 5 Comments
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"To keep up the purity of the Race and its culture, Germany shocked the world by her purging the country of the Semitic races -- the Jews. Race pride at its highest has been manifested here. Germany has also shown how well-nigh impossible it is for races and cultures, having differences going to the root, to be…
Added by Riaz Haq on August 21, 2013 at 8:30am — 17 Comments
Are today's Muslims fratricidal low-achievers? Are Muslims unique in their lack of achievement and propensity for fratricidal violence? Are there other religious and racial groups which share these traits with Muslims?
It has become fashionable among Muslims and non-Muslims alike to bash followers of the Islamic faith for their lack of achievement and propensity for fratricidal violence. Some criticize Muslims for having won only 10 Nobel prizes since the prize was launched in…
Added by Riaz Haq on August 16, 2013 at 9:16pm — 9 Comments
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"At Christmas there's Santa Claus to give everyone gifts, it's important for Christians. For us Ramadan is a really special time so it's really important to make people happy and reward them." Aamer Liaquat Husain, Popular Televangelist and Show Host of Pakistan's…
Added by Riaz Haq on August 5, 2013 at 11:30am — 3 Comments
"Have you no sense of decency, sir? At long last, have you left no sense of decency?" asked Joseph N. Welch in responding to the accusatory US Senator Joseph McCarthy in 1950s as part of the Army–McCarthy hearings.…
Added by Riaz Haq on August 4, 2013 at 8:38am — 4 Comments
The rise of the West was driven by the Industrial Revolution beginning in the 18th century. It has since been fueled by fossil fuels--initially coal and later with oil and gas. Coal was indigenous in Britain and America but it is highly polluting and left much of London and New York with a thick coat of soot on everything in sight. Oil burns relatively cleaner but much of it is in the Middle East,…
ContinueAdded by Riaz Haq on July 30, 2013 at 7:00pm — 2 Comments
"Do your fasting, pay zakat (charitable donations) and serve your parents, but do these things by the light of legal electricity." Peshawar Electric Supply Company (PESCO)
Added by Riaz Haq on July 27, 2013 at 8:40am — No Comments
Pantheon of women superheros has a new entry from Pakistan - the Burka Avenger, a mild mannered school-teacher who fights feudal villains and terrorists getting in the way of girls' education.
Added by Riaz Haq on July 24, 2013 at 11:30am — 13 Comments
First tight gas well producing 15 million cubic feet per day of natural gas is on line at Sajawal gas field in Kirthar block in Sindh province, according to a report in Express Tribune. This marks a major milestone in development of unconventional hydrocarbon energy sources in Pakistan. Sajawal gas field is located 110 km south east of Karachi, Pakistan. It puts…
ContinueAdded by Riaz Haq on July 18, 2013 at 9:30pm — 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 July 10, 2013 at 1:00pm — 5 Comments
Sharp fall in Indian currency against the US dollar and slower economic growth have caused India's GDP for Fiscal Year 2012-13 to shrink in US $ terms to $1.84 trillion from $1.87 trillion a year earlier. The Indian rupee has plummeted from 47.80 in 2012 to 54.30 to a US dollar in 2013, according to Business Standard. Since this report was published in Business…
ContinueAdded by Riaz Haq on June 29, 2013 at 8:00am — 22 Comments
Added by Riaz Haq on June 27, 2013 at 4:00pm — 4 Comments
Lahore-based Groopic and Islamabad-based Tunacode have been accepted to be part of this summer’s Blackbox Connect program in Silicon Valley.
Founded by Pakistanis, both companies are start-ups with innovative products whose founding teams are looking to live, learn and network for two weeks at an Atherton mansion this summer from July 15 to 26, 2013. These young entrepreneurs are a reflection of…
Added by Riaz Haq on June 25, 2013 at 7:03pm — 3 Comments
US Secretary of State John Kerry's current visit to India has aroused Indian media's anger with the Times of India protesting that the secretary has "sought to draw parity between India and Pakistan".
In an article titled “Kerry’s soft line on Pakistan a sore subject,” Indian newspaper…
Added by Riaz Haq on June 25, 2013 at 9:49am — 15 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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