The Global Social Network
The European Union (EU) and India have recently agreed to a trade deal which includes an MOU to allow “an uncapped mobility for Indian students”, according to officials, allowing Indians greater ease to travel, study and work across EU states. India's largest and most valuable export to the world is its people who last year sent $135 billion in remittances to their home country. Going by the numbers, the Indian economy is a tiny fraction of the European Union economy. Indians make up 17.8%…
ContinueAdded by Riaz Haq on January 28, 2026 at 11:00am — 10 Comments
Ruling politicians in New Delhi continue to hype their country's economic growth even as the Indian currency hits new lows against the US dollar, corporate profits fall, electrical power demand slows, domestic savings and investment rates decline and foreign capital flees Indian markets. The International Monetary Fund (IMF) has questioned India's GDP and independent economists…
ContinueAdded by Riaz Haq on January 25, 2026 at 4:30pm — 13 Comments
The US State Department has suspended processing of immigrant visas from 75 countries, including Pakistan but not India. This action followed President Donald Trump's social media post that listed, without context, the percentage of immigrant households from these countries that rely on the US government financial assistance. While Mr. Trump’s post singled out immigrants,…
ContinueAdded by Riaz Haq on January 17, 2026 at 5:30pm — No Comments
In a recent speech to young Hindus in New Delhi, the Indian National Security Advisor Ajit Doval urged his audience to "avenge history". He talked about the looting and destruction of Hindu temples and many centuries humiliation suffered by Indians. Though he did not…
ContinueAdded by Riaz Haq on January 14, 2026 at 2:00pm — 3 Comments
Recently released HIES 2024-25 household integrated economic survey by Pakistan Bureau of Statistics (PBS) raises more questions than it answers. For example, it shows that Pakistani households are buying lower amounts of basic food ingredients like wheat, meat and eggs in the last four years, implying that people are eating less to cover other expenses, like electricity and gas. But it doesn't explain why the households have reported significantly lower purchases of these items than…
ContinueAdded by Riaz Haq on January 6, 2026 at 5:00pm — 2 Comments
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Riaz Haq's Current Affairs Blog
In a television speech to the nation, Indian Prime Minister Narendra Modi urged his people to make sacrifices by spending less on fuel, fertilizer, and travel. He also asked them not to buy gold for a year. “To save foreign exchange, we must accept the challenge of patriotism,” he said. It appears that India's problems do not just stem from the effects of the US-Iran war; India's problems started well before that. Flight of foreign capital has put the Indian currency under tremendous…
ContinuePosted by Riaz Haq on May 11, 2026 at 9:00pm — 5 Comments
Pakistan has recently launched 5G wireless service in multiple cities and closed financing on the 306 kilometer 6-lane Sukkur-Hyderabad M6 motorway. In addition, Pakistan is seeing significant increase in the utilization of its Gwadar and Karachi ports after the closure of the Strait of Hormuz due to the US-Iran war. This will help open the trade routes from Pakistan to Central Asia via Iran, bypassing unstable Afghanistan. It has the potential to eventually make Pakistan a major…
ContinuePosted by Riaz Haq on May 4, 2026 at 5:00pm — 11 Comments
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