Riaz Haq's Blog (1,532)

Pakistan to Beg and Borrow Billions to Finance 2013-14 Budget

Pakistan's proposed federal budget 2013-14 includes $36 billion in spending with deficit financing of $16 billion. Of this $16 billion, over $5 billion will be borrowed by the federal government to pay the power sector to settle the so-called circular debt.…



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Added by Riaz Haq on June 18, 2013 at 3:30pm — 9 Comments

Pakistan's Vast Oil Reserves

Pakistan has more shale oil than Canada, according to the US Energy Information Administration (EIA) report released on June 13, 2013.…





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Added by Riaz Haq on June 16, 2013 at 11:30pm — 28 Comments

Pak Cricket Needs World-class Batting Coach and Top Sports Psychologist

Pakistani national cricket team's horrible performance at the 2013 ICC Champions Trophy is uncharacteristic for a side widely regarded by experts as one of the most talented in the world. The latest losses have unleashed a torrent of anger in Pakistan with demands for heads at PCB to roll yet again.…





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Added by Riaz Haq on June 16, 2013 at 10:05am — 2 Comments

Pakistan Energy Supply Fails to Keep Pace With Growing Access

Pakistan has made remarkable progress in electrification of its towns and villages both in absolute terms and as percentage of population over the past two decades, according to a recently-released report titled "Global Tracking Framework" issued jointly by the World Bank and the International Energy Agency. This report at least partly explains the dramatic increase in demand-supply gap and consequent increase in…

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Added by Riaz Haq on June 10, 2013 at 11:30am — 6 Comments

"Democratic" India's Share of World's Poor Jumps as "Autocratic" China's Poverty Declines Sharply!

A billion people were lifted from abject poverty between 1980 and 2010. China accounts for nearly three quarters of these, or 680 million people brought out of misery, by reducing its extreme-poverty rate from 84% in 1980 to 10% now, according to a report in The Economist.  The report adds that with "poorer governance in India and Africa, the next… Continue

Added by Riaz Haq on June 6, 2013 at 5:30pm — 10 Comments

Karachi Slum Girl Goes to Harvard Business School

Anum Fatima, a resident of Ibrahim Goth slum located near Karachi's Steel Town, is making history; she is going to Harvard  Business School this summer as part of a student exchange program.



Anum's father is employed as a driver and her mother works as a maid. The slum school she attended is run by The Citizen's Foundation (TCF), a private foundation. From 5 schools in Karachi in 1995, TCF has expanded to 910 purpose-built schools with 126,000…

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Added by Riaz Haq on May 29, 2013 at 6:00pm — 21 Comments

PTI Chief Imran Khan vs MQM's Altaf Husain

What is the reason for Imran Khan's selective and misplaced outrage against MQM on Zahra Shahid Husain's murder while ignoring the Taliban killings of ANP and MQM members?



Why is the PTI continuing its sit-in campaign against alleged rigging?



How to explain…

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Added by Riaz Haq on May 26, 2013 at 10:03pm — 7 Comments

No Solution to Pakistan's Load Shedding Without Renegotiating IPP Contracts

Pakistan's installed generating capacity is about 20,000 MW. It exceeds current demand of 17,000 MW and actual supply of just 10,000 MW. The capacity utilization is only 50% mainly because the producers do not buy sufficient fuel and choose to operate at only 50% of capacity and still enjoy soaring profits. A third of the installed generating capacity is owned by the independent power producers (IPPs). The… Continue

Added by Riaz Haq on May 24, 2013 at 7:00pm — 29 Comments

Strategic Pak-China Economic Corridor, Connectivity and Maritime Cooperation

China's new Prime Minister Mr. Li KeQiang has just ended a two-day visit to Pakistan. Speaking to the Senate, Li declared that "the development of China cannot be separated from the friendship with Pakistan". To make it more concrete, the Chinese Premier brought with him a 5-points proposal which emphasizes "strategic and long-term planning", "connectivity and maritime sectors" and "China-Pakistan economic…

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Added by Riaz Haq on May 23, 2013 at 11:30am — 46 Comments

Out-of-School Children in Pakistan

A recent Express Tribune newspaper headline screamed: "Over 27 million children out of school" It included the following graphic that looks even more scary:

The story had the intended effect. Various…

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Added by Riaz Haq on May 22, 2013 at 8:30am — 22 Comments

Comparing 30 Years of Military Rule in Indonesia and Pakistan

General Suharto stepped down 15 years ago tomorrow. Here's an excerpt of today's New York Times story on the Indonesian strongman's legacy:



"Mr. Suharto’s spirit continues to loom over modern-day Indonesia. He brought the country back from the brink of political, social and economic…

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Added by Riaz Haq on May 20, 2013 at 10:00pm — 6 Comments

India Leads the World in Racism

43.5% of Indians, the highest percentage in the world, say they do not want to have a neighbor of a different race, according to a Washington Post report based on World's Values Survey.



About Pakistan, the report says that  "although the country has…

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Added by Riaz Haq on May 16, 2013 at 10:30pm — 39 Comments

Pakistan Tax Collection Project Suffers Setback

In yet another egregious example of  increasing judicial activism, Islamabad High Court's Justice Shaukat Aziz Siddiqui, the judge who also ordered Musharraf's arrest, has suspended Pakistan's top tax collector Arshad Hakeem. Hakeem was working on an ambitious technology-based project to go after powerful tax dodgers in the country.…



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Added by Riaz Haq on May 6, 2013 at 10:51am — 4 Comments

Political Campaign Spending Fattens Pakistani Media Bottomline

Fear of violence has reduced the number of traditional mass rallies this year, particularly in  Balochistan, KP and Sindh provinces of Pakistan. Instead, the political parties and candidates are increasingly relying on electronic and social media to reach out to voters in preparation for May 11 general elections in the country.…



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Added by Riaz Haq on May 3, 2013 at 10:45pm — 13 Comments

Karachi Tops List of Fastest Growing World Cities

Karachi's population has grown 80.5% in the last decade, making it the world's fastest growing megacity, according to  recently released Demographia World Urban Areas Report.  Karachi is followed by Shenzhen, Lagos, Beijing, Bangkok, Dhaka, Guangzhou, Shanghai, Delhi, Jakarta and Istanbul.…



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Added by Riaz Haq on April 27, 2013 at 9:30am — 7 Comments

Heli Skiing in Pakistan

The Karakoram is home to the highest concentration of peaks over 8,000 meters high to be found anywhere on earth, including K2, the second highest peak of the world (8,611 m/28,251 ft). K2 is just 237 m (778 ft) lower than the 8,848 m (29,029 ft) tall Mount Everest. The range is about 500 km (311 mi) in length, and is the most heavily glaciated part of the world outside the polar regions.…

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Added by Riaz Haq on April 19, 2013 at 8:57am — 5 Comments

Book Review: How to Get Filthy Rich in Rising Asia

It's a story of a sickly little village boy's rise in Pakistan from abject rural poverty to great urban wealth as a young man who falls in love with "the pretty girl", an equally ambitious fellow slum-dweller in the city. …





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Added by Riaz Haq on April 14, 2013 at 4:00pm — 10 Comments

Pakistan Fashion Week 2013 in Karachi



Two-day Pakistan Fashion Week 2013 held April 9 and 10 in Karachi  is yet another illustration of the fact that life goes on in Pakistan in spite of the terror and violence that makes daily headlines. It's a testament to… Continue

Added by Riaz Haq on April 11, 2013 at 8:30am — 1 Comment

Pakistan Elections 2013: Impact of Youth Vote and Taliban

There are reports of Taliban targeting candidates of ANP, MQM, PPP and other political parties in the country, including in Karachi, the economic hub of the nation. There's also talk of millions of new young men and women voters who may tip the balance in PTI's favor if they do turn out to vote. Who will be the winners and losers in the coming elections? Watch the show to find out!…



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Added by Riaz Haq on April 8, 2013 at 11:24am — 14 Comments

World Health Day 2013: Pakistan Report Card

Years of life lost due to violence have more than doubled (up 109%) in Pakistan since 1990. Violence now ranks 20 among various causes of premature death, up from 34 in 1990. Other major killer diseases which claimed more lives include lifestyle diseases like heart disease (up 103%), cirrhosis (105% up) and diabetes (up 157%).  Overall, age-adjusted death rate in the country has declined from 1,120 per 100,000 in 1990 to 982 per 100,000 now, according to…

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Added by Riaz Haq on April 7, 2013 at 11:30pm — 3 Comments

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    Blog Posts

    Pakistani Student Enrollment in US Universities Hits All Time High

    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…

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    Posted by Riaz Haq on April 1, 2024 at 5:00pm

    Agriculture, Caste, Religion and Happiness in South Asia

    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 …

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    Posted by Riaz Haq on March 29, 2024 at 8:00pm

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