Posts

Pakistan's Saadia Zahidi Leads World Economic Forum's Gender Parity Effort

Image
Pakistan-born, Harvard-educated economist Ms. Saadia Zahidi, author of "50 Million Rising", is currently a member of the executive committee and the head of Education, Gender and Work at the World Economic Forum, Davos, Switzerland. She told Kai Ryssdal of APR Marketplace of her visit to a gas field in Pakistan with her geophysicist father where she met Nazia, a woman engineer who inspired her.

The "50 Million" in the title of her book refers to the 50 million Muslim women who have joined the work force over the last 15 years bringing the total number of working women in the Muslim world to about 155 million.

In her book, Saadia talks about her father being the first in his family to go to university. He believed in girls' education and career opportunities. She recalls him suggesting that "my sister could become a pilot because the Pakistan Air Force had just starting to train women. Another time he speculated that I could become a news anchor because Pak…

CPEC: Separating Facts From Fiction (Urdu)

Image
Is China using China Pakistan Economic Corridor (CPEC) to colonize Pakistan just as the British East India company colonized India centuries earlier?



Will Pakistan be caught in a massive Chinese debt trap and eventually become China's colony? What are the terms of Chinese financing and investments in CPEC projects in Pakistan?

Are Pakistanis required to pay exorbitant interest rates on infrastructure loans and unreasonably high return on equity on power plant investments?

Is there an IBM-like organized campaign of fear, uncertainty and doubt (FUD) being waged by CPEC's detractors to convince Pakistanis that it's a zero sum game in which China's gain is Pakistan's loss?

Is there no possibility of win-win in CPEC for both China and Pakistan?

Azad Labon Ke Saath host Faraz Darvesh discusses these questions in Urdu with Riaz Haq (www.riazhaq.com)

https://youtu.be/YZzea9OsC2k




Related Links:

Haq's Musings

Campaign of Fear, Uncertainty and Doubt Against CPEC

CPEC Financi…

Karachi's Safety Ranking Climbs Amid Declining Crime Rates

Image
Karachi, one of world's fastest growing megacities, has seen its crime index ranking improve dramatically from 6 in 2013 to 50 in 2017, according to a survey of 327 world cities conducted by Numbeo.  Karachi was ranked 47 in 2016.  Reduction in violence is helping revive Pakistan's economy, making it the third fastest growing trillion dollar economy among the top 25 world economies by purchasing power parity.

Comparison to Major Cities:

In South Asia region, Karachi, now ranked 50, is safer than Bangladeshi capital Dhaka ranked 18 and the Delhi suburb of Gurgaon ranked 40.  Delhi is ranked 60, Lahore 138, Mumbai 160 and Islamabad 226.

Karachi is also safer than American cities of Detroit, MI (17),  Baltimore, MD (20), New Orleans, LA (21), Albuquerque, NM (27), St. Louis, MO (30) Oakland, CA (33) and Milwaukee, WI (46).

The year 2013 marked the beginning of the deployment of Pakistan Rangers in Karachi to fight rampant extortion, terrorism and violence by armed gangs patronized…

China Pakistan Economic Corridor (CPEC): Myths And Facts

Image
Is China using China Pakistan Economic Corridor (CPEC) to colonize Pakistan just as the British East India company colonized India centuries earlier?



Will Pakistan be caught in a massive Chinese debt trap and eventually become China's colony? What are the terms of Chinese financing and investments in CPEC projects in Pakistan?

Are Pakistanis required to pay exorbitant interest rates on infrastructure loans and unreasonably high return on equity on power plant investments?

Is there an IBM-like organized campaign of fear, uncertainty and doubt (FUD) being waged by CPEC's detractors to convince Pakistanis that it's a zero sum game in which China's gain is Pakistan's loss?

Is there no possibility of win-win in CPEC for both China and Pakistan?

Viewpoint From Overseas host Faraz Darvesh discusses these questions with Misbah Azam and Riaz Haq (www.riazhaq.com)

https://youtu.be/NixuaR0_jws




Related Links:

Haq's Musings

Campaign of Fear, Uncertainty and Doubt Against CPEC

Pakistan Generates Positive Vibes at World Economic Forum in Davos 2018

Image
China's Belt and Road Initiative (BRI) and its flagship China-Pakistan Economic Corridor (CPEC) were the stars at Davos, not US President Donald Trump, according to a New York Times report. The geopolitical momentum lay with Beijing, not Washington, the report said. The forums on BRI and CPEC were among the best attended forums at the World Economic Forum 2018.

CPEC Session: 

New York Times said "a senior Chinese diplomat helped introduce the prime minister of Pakistan at a breakfast meeting. Prime Minister Shahid Khaqan Abbasi used his talk to praise the rapidly expanding Chinese investments in his country, including to build power stations and a large port".

Inclusive Development Report:

More and more Pakistanis are sharing in their nation's development, according to World Economic Forum (WEF) report released in Davos. Pakistan ranks 47 among 74 emerging economies ranked for inclusive development by WEF released recently at Davos, Switzerland. Inclusive development i…

Pakistan's Debt Crisis: Fact or Fiction?

Image
Pakistan is taking on significant amounts of domestic and foreign debt to finance its budget deficits and to support major energy and infrastructure development projects as part of China-Pakistan Economic Corridor (CPEC).  Over one-third of this public debt is external debt denominated in US dollars, Euros and other hard currencies. At the same time, Pakistan's exports have declined over the last several years and the country's current account deficits have grown.

Critics Warnings: 

Critics believe that Pakistan is facing a severe debt crisis. They fear that it could get caught in a big debt trap laid by foreign governments. They warn that Pakistan will go broke. It will be unable to repay these mounting debts. Are they right? To answer this question, Dr. Ishrat Husain, a former central banker and governor of the State Bank of Pakistan, has analyzed Pakistan's debt as of June 30, 2017. Here are some of his key findings:
Total Public and Private Debt:

Pakistan’s total debt and…

Electric Power Rates in India and Pakistan

Image
Pakistan National Electric Power Regulatory Authority (NEPRA) has cut electricity price by 2.99 rupees (2.7 U.S. cents) per unit under the fuel adjustment for the month of December, 2017, according to news reports. This reduction brings the price per kilowatt-hour to Rs. 5.11 (4.60 US cents), down from Rs. 8.10 (7.30 US cents).

Power Rate in Pakistan:

Reduction brings the price per kilowatt-hour to Rs. 5.11 (4.60 US cents), down from Rs. 8.10 (7.30 US cents). The CPPA (Central Power Purchasing Authority) said total energy was generated at the cost of Rs. 25.24 billion, or Rs. 3.52/unit for the month of November, 2017.

The reduction in the actual generation cost is mainly because of a decline in fuel prices, zero use of high-speed diesel in the power plants and higher contribution from the cheapest source – hydropower. The furnace oil (Rs. 9.03 per unit) has been replaced by domestic natural gas at Rs. 4.49 per unit and liquified natural gas (LNG) at Rs. 6.33 per unit.

This decision wil…