Riaz Haq's Blog – April 2024 Archive (2)

Pakistanis' Insatiable Appetite For Smartphones

Samsung is seeing strong demand for its locally assembled Galaxy S24 smartphones and tablets in Pakistan, according to Bloomberg. The company said it is struggling to meet demand. Pakistan’s mobile phone industry produced 21 million handsets while its smartphone imports surged over 100% in the last fiscal year, according to …

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Added by Riaz Haq on April 26, 2024 at 7:09pm — 1 Comment

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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Added by Riaz Haq on April 1, 2024 at 5:00pm — 2 Comments

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    Blog Posts

    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…

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    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 …

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

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