Riaz Haq's Blog – November 2012 Archive (2)

Rising Disposable Incomes and Economic Mobility in Pakistan

A 2012 study of 22 nations conducted by Prof Miles Corak for the Organization for Economic Cooperation and

Development (OECD) has found income

heritability to be greater in the United States, the United Kingdom, Italy, China and 5 other countries than in Pakistan.



The study's findings, presented by the author in testimony to the US Senate Finance Committee on July 6, 2012, rely on the…

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Added by Riaz Haq on November 25, 2012 at 11:00pm — 13 Comments

Pakistan's Actual GDP Estimated at $401 Billion in 2012



Even with the run-up (in KSE-100), Andrew Brudenell, manager of the HSBC Frontier

Markets fund (HSFAX) in London, says Pakistan is one of the cheapest

markets he follows, at about seven times earnings. He notes that

earnings growth has kept pace with the market. The firms, he adds, are

typically cash-rich, boast strong return on…
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Added by Riaz Haq on November 18, 2012 at 9:30pm — 35 Comments

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    Blog Posts

    Pakistan Navy Plans Modernization, Indigenization

    Admiral Naveed Ashraf, Pakistan Navy Chief, spoke of his vision for "indigenization and modernization" of his branch of the Pakistani military on the eve of multinational AMAN 2025 naval exercises. Biennial AMAN Exercise and Dialogue this year attracted 60 nations from Australia to Zimbabwe (A to Z). China, the United States, Turkey and Japan were among the countries which participated in it. …

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    Posted by Riaz Haq on February 13, 2025 at 9:30am

    US Deports Indian Illegal Immigrants in Handcuffs and Chains Aboard Military Aircraft

    A US Air Force transport plane landed in India today with 104 illegal Indian immigrants in handcuffs and shackles, according to media reports. Speaking with reporters, a deportee said: “For 40 hours, we were handcuffed, our feet tied with chains and were not allowed to move an inch from our seats. After repeated requests, we were allowed to drag ourselves to the washroom. The crew would open the door of the lavatory and shove us in.”…

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    Posted by Riaz Haq on February 6, 2025 at 9:30am — 3 Comments

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