Riaz Haq's Blog – May 2023 Archive (3)

G20 Kashmir Meeting: Modi's PR Ploy Backfires!

Prime Minister Narendra Modi's campaign to show normalcy in the Indian occupied territory of Jammu and Kashmir has backfired.  Three member countries of the G20 boycotted the tourism event in Srinagar. The rest of them sent local embassy staff to attend. The event also drew negative worldwide media coverage of the brutality of India's "settler colonialism" in the disputed territory. It elicited strong condemnation from the United Nations. Prior to the event, India’s tourism secretary, Arvind…

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Added by Riaz Haq on May 24, 2023 at 11:30am — 33 Comments

India-Russia Trade: Is Indian Rupee Worthless For Cross-Border Transactions?

What good is a currency in global trade if it can not be used to buy products and services from other nations that a country needs?  The answer to this question came when Russia said it has accumulated billions of rupees in Indian banks which it can not use. “This is a problem”,  Russian Foreign Minister Sergei Lavrov told reporters in India’s Western state of Goa on the sidelines of the Shanghai Cooperation Organization meeting.  “We need to use this money. But for this, these rupees must…

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Added by Riaz Haq on May 17, 2023 at 1:00pm — 4 Comments

Pakistan Now: Darkest Before Dawn?

Pakistan is experiencing one of the darkest periods of its history. Political instability is eroding confidence in the nation's future. Declining economic growth and high inflation are hurting the people of all strata of society, particularly the poor whose numbers are rapidly rising. Is there any hope left for the country? Is it a case of the "darkest before dawn"? How do…

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Added by Riaz Haq on May 12, 2023 at 5:00pm — 46 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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