The Global Social Network
Technology startups in Pakistan received record $249 million funding during January-June 2022, up a whopping 171% from the same period last year. A total of 35 deals closed, up 6% from the first half of 2021. July 2022 saw a maiden investment from Sequoia Capital which is considered among the top venture capital firms headquartered in Silicon Valley, California. Last year was a banner…
ContinueAdded by Riaz Haq on July 29, 2022 at 12:26pm — 33 Comments
In the first few months of 2022, Pakistan has exported more rice to China than Vietnam, the historic top supplier, according to the United States Department of Agriculture (USDA). Pakistan's total rice exports are forecast to jump by 450,000 tons to 4.8 million tons, almost 30% higher than the prior year. …
Added by Riaz Haq on July 26, 2022 at 11:00am — 33 Comments
In response to growing reports of extreme heat and floods around the world, my wife and I are doing our part to reduce our carbon footprint: We now have rooftop solar panels as well as two electric vehicles. In fact, we have had rooftop solar since 2019. My wife Yasmeen traded in her Toyota Prius Hybrid car for an all-electric Chevrolet Bolt in 2019, and I have recently traded in my gasoline-powered…
ContinueAdded by Riaz Haq on July 21, 2022 at 9:00am — 18 Comments
Among 10 countries with the estimated net outflow of migrants exceeding 1 million over the period from 2010 through 2021, Pakistan saw 16.5 million migrants move overseas, the highest in the world, according to a report titled "World Population Prospects 2022" released by the United Nations Department of Economic and Social Affairs (UN DESA). …
ContinueAdded by Riaz Haq on July 17, 2022 at 4:00pm — 6 Comments
India's foreign exchange reserves are falling rapidly as foreign investors flee and the country's trade and current account deficits widen. More than $267 billion worth of India's external debt of the total $621 billion is due for repayment in the next nine months. This repayment is equivalent to about 44% of India's foreign exchange reserves. This combination of investors'…
ContinueAdded by Riaz Haq on July 10, 2022 at 4:30pm — 29 Comments
In yet another blow to Silicon Valley's "fake it till you make it" mantra, a federal jury has convicted former Theranos executive Ramesh "Sunny" Balwani on all 12 counts of fraud. Balwani was born in 1965 in Pakistan to a Sindhi Hindu family. He attended Aitchison College, an elite prep school in Lahore that is also the alma mater of former Prime Minister Imran Khan of Pakistan. His family emigrated to India in 1984 and then to the United States in 1987. He studied at the University…
ContinueAdded by Riaz Haq on July 7, 2022 at 5:30pm — 7 Comments
Khizr Khan, a Pakistani-American lawyer, is on President Joseph R. Biden's list of recipients of the Presidential Medal of Freedom, the highest civilian award given by the President of the United States. Khan is among 17 Americans on the list that also includes late Senator John McCaine and late Steve Jobs. "These seventeen Americans demonstrate the power of possibilities and…
ContinueAdded by Riaz Haq on July 2, 2022 at 6:00pm — No Comments
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South Asia Investor Review
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Hackers linked to Russian intelligence have stolen Indian military data from cyber spies believed to be working on behalf of the Pakistani state, according to an assessment by Microsoft researchers. All those involved are part of what are known as "advanced persistent threat" (APT) organizations in their respective countries. TechTarget defines "Advanced Persistent Threat (APT)…
ContinuePosted by Riaz Haq on December 8, 2024 at 8:00am
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 the Pakistani military for modern war-fighting to deter external enemies. The event hosted 550 exhibitors, including 340 international defense companies, as well as 350 civilian and military officials from 55 countries.
Pakistani defense manufacturers…
ContinuePosted by Riaz Haq on December 1, 2024 at 5:30pm — 3 Comments
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