Kleiner Perkins, a top Silicon Valley venture capital investment firm, is leading series A round of $17 million investment into Pakistani start-up Tajir. The startup operates an online marketplace for small store merchants in Pakistan. The announcement came via a tweet by Mamoon Hamid, a …

Indian economy shrank 7.3% in fiscal year 1920-21, its worst performance since independence in 1947. Nearly 230 million middle class Indians have slipped below the poverty line, constituting a 15 to 20% increase in poverty since Covid-19 struck last year, according to Pew Research. Middle class consumption has been a key driver of economic growth in India. Erosion of the middle class will likely…

Hamid Mir, a primetime TV talk show host, has reacted angrily to an attack on fellow Pakistani journalist Asad Ali Toor this week. Without explicitly naming anyone in his emotional outburst against the Pakistan Army and the ISI (Inter-Services Intelligence Service), Mir has accused their leadership of cowardice in allegedly ordering attacks on journalists. Dredging up the name of "General Rani", believed to have been the mistress of former Army Chief and President Yahya Khan in the…

Seed Labs, a Pakistani financial technology startup based in Karachi, has raised $6.5 million in seed funding to launch a derivatives trading platform. It was founded about a year ago by four young men in their mid-20s: Yameen Malik, Rabeel Jawaid, Zabi Mohebzada, and Ahmad Jawaid, according to Bloomberg reporter …

Global e-commerce giant Amazon has recently added several dozen Pakistani exporters to its approved list, according to Eric Broussard, vice president of Amazon International Seller Services. "We are excited to announce that as of today, Pakistani entrepreneurs are eligible to sell on Amazon. We are eager to work with Pakistan's dynamic business community, including small and medium-sized sellers and…

Citizen journalists armed with ubiquitous smartphones and access to social media platforms have challenged the western media reporting of the latest Israeli brutal assault on Gaza. While the established western media outfits have stuck to "Israel's right to defend itself" narrative, this new breed of young journalists has posted unfiltered images and videos of the Israeli war crimes against…

As Israeli military pounds Gaza and kills large numbers of Palestinian men, women and children yet again, the western media and politicians are busy white-washing the Israeli crimes by repeating the same old mantra: "Israel has a right to defend itself". There's little mention of the decades-long occupation and continuing brutalization of the Palestinian people by the Israelis. Nor is there any…

A Hindu sect (BAPS) with close ties to India’s ruling BJP has exploited hundreds of low-caste men in a years-long construction project, reports the New York Times. A US federal lawsuit filed against the Hindu group alleges that the men brought to the United States under religious R-1 visa had their Indian passports confiscated by the Hindu group. It further alleges that the workers,…

President Joseph R. Biden's climate policy has recently triggered rumors in right-wing American media of a potential burger ban in America. Such speculations about beef ban have been categorically denied by Tom Vilsack, the Secretary of the US Department of Agriculture (USDA). However, there are reasons to believe that the Biden focus on renewable energy alone will not be enough to achieve his…

In a recently published fiction imagined for 2034 by former top US Admiral James Stavridis and Elliot Ackerman, China and the United States go to war that ends in India's victory. The authors portray Indians as heroes whose statesmen-ship de-escalates World War III, negotiates peace and helps India emerge as the new global superpower. Patel, the Indian uncle of the Indian-American deputy national…

Divorce rate among foreign-born Pakistani-Americans with children is the third lowest of all immigrants in the United States, according to research recently published by the US-based Institute of Family Studies. Foreign-born Indian-Americans' marriages tend to be the most stable, followed by those of Bangladeshis and Pakistanis living in America.  On the other end of the spectrum, the divorce rates among immigrants from Latin-America are the highest of all ethnic groups. 

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Pakistan's technology exports are continuing their growth trajectory, soaring 44% in the first 9 months (July-March) of the current fiscal year 2020-21 to reach $1.512 billion. March 2021 saw record exports of $3.2 billion with goods worth $2.612 billion and services worth $564 million exported during the month.  …

When President Joseph R. Biden announced his decision to withdraw all US troops from Afghanistan, he said: "We will ask other countries in the region to support Afghanistan, especially Pakistan, as well as Russia, China, India and Turkey." Biden has also talked about the US reorganizing its counterterrorism capabilities in the region to be able to hit the target from “over the horizon.”  These discussions have triggered speculations about the Biden administration seeking access to military…

A recent United Nations report on inequality reveals that the richest 1% in Pakistan take 9% of the national income.  A quick comparison with other South Asian nations shows that 9% income share for the top 1% in Pakistan is lower than 15.8% in Bangladesh and 21.4% in India. These inequalities result mainly from a phenomenon known as "elite capture" that allows a privileged few to take away a disproportionately large slice of public resources such as public funds and land for their…

Until 2010, Bangladesh was a laggard in South Asia region. Its per capita income was about half of Pakistan's. Now Bangladesh has surpassed Pakistan as the Pakistani economy has suffered significant slow-down from the previous decade. In fact, the Pakistan economy grew at the slowest rate in South Asia as reflected in per capita incomes. However, the income inequality in Pakistan continues to be the lowest in South Asia. …

Americans see Pakistanis as "aggressive and violent" while Pakistanis say Americans are "loose, immoral and arrogant", according to research study findings of American cultural psychologist Michele Gelfand. She told an interviewer that the American media portrayed Pakistanis as "big bad wolf".  Gelfand is a distinguished professor at the University of Maryland. She studies why different cultures…

Dr. Mohsen Ali and Dr. Izza Aftab have won Google Research Scholar Award 2021, according to an announcement on Google AI Blog. Dr. Ali is an assistant professor of computer science at the Information Technology University (ITU) in Lahore, Pakistan while Dr. Aftab is an assistant professor of economics at the same university. …

State Bank of Pakistan is studying the issuance of central bank digital currency (CBDC), according to the country's central bank chief Dr. Reza Baqir. Recognizing Pakistan's growth potential, the San Francisco-based Stripe, valued at $95 billion, has recently invested in Safepay, a fintech startup in Karachi, Pakistan. Dr. Baqir spoke of both of these developments in an interview with CNN's Julia…

Broadband subscriptions in Pakistan have soared from 2 million in 2012 to 100 million now, according to the country's telecommunications regulator. Ookla, recognized globally for its broadband speed testing, reports that Pakistan's average broadband download speed is 11.35 Mbps, while its upload speed stands at 10.7 Mbps. Thousands of kilometers of new fiber optic cable is being installed and mobile data usage in Pakistan has recently surged to 8,000 petabytes. Smartphone sales are also…

Mansour Abbas, 46-year-old Palestinian leader of an Islamic party, has emerged as the man who can make or break Israeli Prime Minister Benjamin Netanyahu's ambition of retaining the top elected office in his country. On Thursday, Abbas quoted from the Holy Quran in a primetime speech on Israeli National Television and said he was "a proud Arab and Muslim". …