Riaz Haq's Blog – January 2024 Archive (4)

Indian Muslims: The Poorest Group in Modi's Hindu Rashtra

Muslims are the poorest group in India. They will most likely face further marginalization after the recent inauguration of the Ram Temple built on the ruins of the historic Babri Masjid in Ayodhya. The medieval mosque was demolished by right-wing Hindu groups in 1992. While consolidating the power of the upper caste Hindus in India, the newly built Ram Temple, inaugurated by Indian…


Added by Riaz Haq on January 26, 2024 at 4:30pm — 5 Comments

Iran Chooses to Quickly De-escalates After Pakistan Hits Back Hard

Pakistan swiftly retaliated with "killer drones, rockets, loitering munitions and stand-off weapons" to an Iranian military provocation in Balochistan province this week, according to multiple media reports. Pakistanis felt it was necessary to hit back hard to send a loud and clear message to the Iranians to respect Pakistan's national sovereignty. Within hours of the strong Pakistani military response, the foreign ministers of the two neighbors agreed to de-escalate tensions in a phone…


Added by Riaz Haq on January 19, 2024 at 9:30pm — 1 Comment

Pakistan to Set New Record For Rice Exports in 2023-24

The United States Department of Agriculture is forecasting that Pakistan's rice exports will set a new record of 5 million metric tons in 2023-24.  This is nearly 30% more than the 3.9 million tons Pakistan exported last year. It is being attributed to a bumper rice crop in the country and strong global demand after India imposed restrictions on its exports. A large exportable surplus has helped Pakistani exporters to offer competitive prices in the international market, but prices are…


Added by Riaz Haq on January 13, 2024 at 8:30pm — 3 Comments

India's Malign Influence in Bangladesh

Shaikh Hasina has won a 5th term in yet another sham election which saw a mere 40% voter turnout. Bangladesh Nationalist Party (BNP), the main opposition party, boycotted the election. Months leading up to the elections saw protests in the country suffering from economic slowdown, human rights violations and a crackdown on the opposition parties. Her longevity in office is…


Added by Riaz Haq on January 8, 2024 at 4:25pm — No Comments

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    Solar Power Boom in Pakistan

    Falling solar panel prices and soaring rates for grid electricity are driving a renewable power boom in Pakistan. A second factor spurring the growth in clean energy installations is the requirement of major western apparel brands for garments and textile manufacturers to switch to clean energy. As a result, the solar panel imports in the country jumped from 2,800 MW in 2022 to 5,000 MW in 2023, in…


    Posted by Riaz Haq on July 10, 2024 at 12:30pm — 1 Comment

    Pakistani Stock Market is the World's Best Performing Market in 2024

    Pakistan's KSE-100 shares index topped 80,000 points on Wednesday as stocks climbed more than 600 points, making it the world's best performing stock market. The benchmark KSE-100 index has posted an annual return of 89% during FY24 (July 2023-June 2024) in PKR terms while in US dollar terms, the return was 94%, as the Pakistani rupee appreciated against the US dollar, according to …


    Posted by Riaz Haq on July 4, 2024 at 6:00pm

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