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

Pakistan's Fiscal Year 2022 GDP Reaches $1.62 Trillion in Purchasing Power Parity (PPP) Terms

Economic Survey of Pakistan 2021-22 confirms that the nation's GDP grew nearly 6% in the current fiscal year, reaching $1.62 Trillion in terms of purchasing power parity (PPP). It first crossed the trillion dollar mark in 2017. In nominal US$ terms, the size of Pakistan's economy is now $383 billion. In terms of the impact of economic growth on average Pakistanis, the per capita average daily calorie intake jumped to 2,735 calories in FY 2021-22 from 2,457 calories in 2019-20. Pakistan…

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Added by Riaz Haq on June 28, 2022 at 7:00pm — 66 Comments

Modi's India Busting Western Sanctions, Funding Russia's War On Ukraine

India, a western ally, is openly buying Russian coal, oil and weapons worth tens of billions of dollars at deep discounts. These actions amount to busting western sanctions and financing President Vladimir Putin's war on Ukraine. Many smaller developing countries, including Bangladesh and Pakistan, are abiding by these sanctions and suffering from the consequences in terms of high prices of fuel and food. Why these double standards? Do these policy contractions serve the broader US interests…

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Added by Riaz Haq on June 26, 2022 at 1:00pm — 55 Comments

Amazon Marketplace: Pakistani Sellers Among World's Top 3 Fastest Growing

A year after joining Amazon Marketplace, Pakistan is currently ranked as the third biggest source of new sellers joining in 2022, according to Marketplace Pulse research. Amazon e-commerce platform has global reach. As of March 2021, Amazon Marketplace operated and sold in 18 countries, mostly in advanced economies of Europe, Japan and North America as well as in emerging markets like Brazil, China, India, Arab Gulf states and Turkey.  …

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Added by Riaz Haq on June 25, 2022 at 8:56am — 3 Comments

US Tech Firm Gives Remote Employees in Pakistan 150% Raise

American tech firm Edge has boosted the minimum salary of its Pakistan-based remote employees to Rs. 200,000 (about US$1,000) a month, a 150% increase. The firm's 190 employees work from home for the firm headquartered in Sacramento, California . “We are aware of the global economic downturn and its impact on our people, especially in Pakistan. More than ever, we understand our responsibility towards our people and the need to invest in them,” said its Pakistani-American Founder and…

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Added by Riaz Haq on June 23, 2022 at 4:30pm — 2 Comments

New Gwadar International Airport: Pakistan's 2nd Greenfield Class 4F Airport Nearing Completion

The architecture of the New Gwadar International Airport (NGIA) is inspired by a rising Phoenix. It is Pakistan's second greenfield airport built from scratch in a new location. With a 3,650-meter long runway, it is a Class 4F airport.  NGIA is scheduled to begin test flights in December this year.  The only other airport with a 3,600-meter long runway is the New Islamabad International Airport that opened for commercial flights in 2018. …

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Added by Riaz Haq on June 16, 2022 at 8:00am — 46 Comments

Indian Women's Labor Force Participation Falls to Just 19%, Lower Than Pakistan's 21%

Female labor force participation rate in India has recently fallen to just 19%, the second lowest after Afghanistan's 15% in the South Asia region. By contrast, Pakistan's women's labor force participation rate is 21%, Sri Lanka's 31% and Bangladesh's 35%. Prime Minister Narendra Modi's mishandling of the COVID19 pandemic has hit Indian women particularly hard, with 90% of…

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Added by Riaz Haq on June 12, 2022 at 7:00pm — 8 Comments

Economic Survey: Pakistanis Consuming More Calories, Fruits and Vegetables

Pakistanis are eating more and healthier foods, according to the Economic Survey of Pakistan 2021-22. Per capita average daily calorie intake in Pakistan has jumped to 2,735 calories in FY 2021-22 from 2,457 calories in 2019-20. The biggest contributor to it is the per capita consumption of fresh fruits and vegetables which soared from 53.6 Kg to 68.3 Kg, less than half of the 144 Kg (400…

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Added by Riaz Haq on June 10, 2022 at 10:00am — 67 Comments

Islamophobia: Can Modi's India Afford to Alienate the Entire Arab Muslim Middle East?

Last week, two official spokespersons of India's ruling BJP party insulted Prophet Muhammad (PBUH) on an Indian television channel known for promoting Islamophobia. Mohammad Zubair, an Indian Muslim journalist, tweeted a video clip of the TimesNow primetime show featuring BJP's official spokeswoman Nupur Sharma attacking the Prophet (SAW) revered by more than a billion Muslims around the world. As…

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Added by Riaz Haq on June 7, 2022 at 8:00am — 42 Comments

Russia Sanctions: India Profiting From Russian Oil Trade by Exporting Refined Petroleum

India is defying western sanctions to buy millions of barrels of discounted Russian crude oil, hiding their origin and exporting refined petroleum products with a big markup to make a huge profit. China has yet to increase its oil imports from Russia, according to news reports. Meanwhile, India's neighbors Bangladesh and Pakistan are abiding by western sanctions and paying much higher market prices to buy oil for their domestic needs, and hurting their people. Such double standards are…

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Added by Riaz Haq on June 1, 2022 at 9:00pm — 34 Comments

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    Blog Posts

    IDEAS 2024: Pakistan Defense Industry's New Drones, Missiles and Loitering Munitions

    The recently concluded IDEAS 2024, Pakistan's Biennial International Arms Expo in Karachi, featured the latest products offered by Pakistan's defense industry. These new products reflect new capabilities required by Pakistani military for modern war-fighting. The event hosted 550 exhibitors, including 340 international defense companies, as well as 350 civilian and military officials from 55 countries. 

    Pakistani defense manufacturers highlighted their latest products, including armed…

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    Posted by Riaz Haq on December 1, 2024 at 5:44pm

    Barrick Gold CEO "Super-Excited" About Reko Diq Copper-Gold Mine Development in Pakistan

    Barrick Gold CEO Mark Bristow says he’s “super excited” about the company’s Reko Diq copper-gold development in Pakistan. Speaking about the Pakistani mining project at a conference in the US State of Colorado, the South Africa-born Bristow said “This is like the early days in Chile, the Escondida discoveries and so on”, according to Mining.com, a leading industry publication. "It has enormous…

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    Posted by Riaz Haq on November 19, 2024 at 9:00am

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