Riaz Haq's Blog – March 2022 Archive (9)

Pakistan Prime Minister Imran Khan Demonstrated Effectiveness as Crisis Leader

Prime Minister Imran Khan has effectively led Pakistan through multiple crises in the last 4 years. Khan inherited dangerously low forex reserves in 2018 which are now at  $23 billion, near the highest level in the nation's history. The COVID pandemic that hampered Pakistan's recovery has been handled well with the fully vaccinated rate for the eligible population at more than 75%. Not only has Khan deftly navigated his nation through these crises but his government has also revived the…

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Added by Riaz Haq on March 29, 2022 at 9:00am — 50 Comments

Russia Sanctions: Taiwan's TSMC Joins Western Ban on Technology For Moscow

Taiwan Semiconductor Manufacturing Company (TSMC) will no longer fabricate computer chips for Russia, according to media reports. The ban will particularly affect Russia's Elbrus and Baikal processors, unless China agrees to step in to manufacture these chips, and risk additional US sanctions itself. Both Russian processors use mature 28 nm technology. The world's most advanced TSMC fabrication…

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Added by Riaz Haq on March 23, 2022 at 8:30am — 18 Comments

Pakistan Revives Reko Diq: One of The World's Largest Undeveloped Copper-Gold Deposits

Canadian mining giant Barrick Gold Corporation and the governments of Pakistan and Balochistan have reached a deal to restart the Reko Diq mining project. Reko Diq is the world's 4th largest undeveloped copper-gold porphyry deposit with over 14 million tons of copper and 21 million…

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Added by Riaz Haq on March 21, 2022 at 9:00am — 26 Comments

Top India Analysts Dispel "India's Size Illusion"

India's leaders and their western boosters have been promoting the country as an emerging superpower to counter rising China. They cite the size of India's economy, demography, military and consumer market to back up their assertions. These claims are challenged by India's former chief economic advisor Arvind Subramanian and Josh Felman, former head of IMF in India, in an article titled "India's Size Illusion".  In a similar article titled "The Chinese Threat No One Is Talking About — And…

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Added by Riaz Haq on March 18, 2022 at 1:00pm — 23 Comments

Can Modi's India Be Trusted With Nukes?

India's March 9 "accidental firing" of Brahmos nuclear-capable supersonic cruise missile into Pakistan has raised serious questions about the safety of the Indian nuclear arsenal. Do the people in charge of India's nukes have basic competence to handle such weapons? Was this really an "unauthorized" or "accidental" firing? Why was there a long delay by New Delhi in acknowledging the incident?  Could Pakistan be blamed if it assumed that extremist right-wing …

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Added by Riaz Haq on March 14, 2022 at 9:00am — 16 Comments

Will Russia Sanctions Accelerate Inflation, Devalue US Dollar and Strengthen Chinese Yuan?

Russia is a commodities superpower. The nation's Eurasian landmass is rich in all kinds of natural resources from food to fuel to metals. To punish Moscow for invading Ukraine, the US and G-7 nations have imposed sanctions on Russia. These sanctions have effectively removed Russian commodities from the global…

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Added by Riaz Haq on March 12, 2022 at 8:00am — 57 Comments

Karachi-Born Ukrainian Billionaire Believes “Ukraine is Going to be Next Afghanistan for Russia"

Pakistani-Ukrainian billionaire Mohammad Zahoor believes “Ukraine is going to be the next Afghanistan for Russia". Talking with Arab News, he said: “This is time, actually, for us not to keep quiet. We have to take sides". After the Russian invasion, Zahoor left Kiev for Britain along with his wife and two daughters. Zahoor owns real estate and steel businesses in Ukraine. He is also a British…

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Added by Riaz Haq on March 9, 2022 at 11:00am — 4 Comments

Arab Muslim UAE Is Top Education and Employment Destination For Indians From Modi's Hindu Rashtra

The United Arab Emirates, a grouping of  seven Arab Muslim kingdoms, has now become the number one destination for education and employment of people from Hindu India, according to the government data from the two countries. …

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Added by Riaz Haq on March 4, 2022 at 6:30pm — 15 Comments

Pakistani-American Banker Heads SWIFT, The World's Biggest InterBank Payments System

Pakistani-American banker Yawar Shah is the Chairman of the SWIFT Board of Directors. SWIFT stands for The Society For Inter-Bank Financial Telecommunications. SWIFT has been in the news recently for cutting off Russian banks to punish Russia's invasion of Ukraine. Russia is now disconnected from the global financial system used to settle the vast majority of payments in international…

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Added by Riaz Haq on March 1, 2022 at 9:30am — 21 Comments

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    Blog Posts

    Are Some Pakistanis Feeding into Indian Delusions of Grandeur?

    Many Pakistanis are singing effusive praises of India on social media platforms and racking up millions of views, according to a report in the Indian  mainstream media. These Pakistanis are boosting their earnings by feeding into the Indians' delusions. The "India Today" report claims that, in the last 6…

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    Posted by Riaz Haq on June 20, 2024 at 9:00am — 6 Comments

    Agriculture: A Rare Bright Spot in Pakistan's Economy

    Pakistan's agriculture sector grew 6.3% in 2023-24, far outpacing the overall economy that grew just 2.38%, according to the Economic Survey of Pakistan 2023-24.  This is good news for about 40% of the country's population working in the agriculture sector. By contrast, India's agriculture growth slowed to …

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    Posted by Riaz Haq on June 13, 2024 at 9:30am — 4 Comments

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