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Pakistan's Blue Economy: Vast Offshore Resources in Exclusive Economic Zone

Pakistan has a 1,000 kilometers long coastline on the Arabian Sea with maritime sovereignty over 200 nautical miles deep Exclusive Economic Zone (EEZ) and 150 nautical miles of Continental Shelf. This adds 290,000 square kilometers of sea or about 36% of the country's land area open for tapping vast resources in it.

Pakistan's "Blue Economy" in this extended economic zone includes seafood and energy resources as well as international trade connectivity with the rest of the…

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Added by Riaz Haq on February 11, 2019 at 9:11pm — 13 Comments

Pakistani-American VC Asad Jamal Invested Early in China's Baidu

Pakistani-American venture capitalist Asad Jamal hit it big with Baidu, China's search giant worth over $90 billion in market capitalization today. Jamal founded ePlanet Capital in Silicon Valley in 1999 and became an early investor in Baidu at its founding in 2000.…

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Added by Riaz Haq on February 9, 2019 at 9:57pm — 4 Comments

Fitch: Pakistan Construction Industry to Grow 8.9% Yearly Over Next 5 Years

Fitch Solutions, a global company focused on credit, economic, and political research, says in its latest report that the China-Pakistan Economic Corridor (CPEC) will drive Pakistan's construction industry in the next decade, as the risks associated with CPEC projects recede. Fitch forecasts that the real annual growth rate of Pakistan's construction industry will average 8.9% over the next…

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Added by Riaz Haq on February 3, 2019 at 9:27pm — 4 Comments

India-Pakistan Nuclear Standoff: What Does the West Have at Stake in South Asia?

The West, particularly the United States and Canada, are geographically far removed from South Asia. This distance makes many think that any nuclear exchange between India and Pakistan would not have a significant impact on life in America and Europe. Dr. Owen Brian Toon and Professor Alan Robock dispute this thinking. They believe the nuclear winter following an India-Pakistan…

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Added by Riaz Haq on February 2, 2019 at 1:57pm — 2 Comments

Part 2: History of Top Leadership Blunders in Pakistan

What are the key sources of the current crises faced by Pakistan? Can any of these be traced to blunders committed years ago by Pakistani leaders? Here's part 2 of the discussion started earlier.

Was it a blunder for General Zia to join the United States and Saudi Arabia in support of the Afghan Jihad against the Soviet Union in 1980s?  Did it help achieve Pakistan's objective…

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Added by Riaz Haq on January 26, 2019 at 4:51pm — No Comments

History of Top Leadership Blunders in Pakistan Part 1

What are the key sources of the current crises faced by Pakistan? Can any of these be traced to blunders committed years ago by Pakistani leaders?

Pakistan's Gen AK Niazi Signing Surrender in East…

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Added by Riaz Haq on January 20, 2019 at 8:15pm — 1 Comment

Pakistan Garment Industry Becoming More Cost Competitive With Bangladesh's?

Low wages and trade deals with Western nations have helped Bangladesh build a $30 billion ready-made garments (RMG) industry that accounts for 80% of country's exports. Bangladesh is the world's second largest RMG exporter after China. With its designation as LDC (Least Developed Country), garments made in Bangladesh get preferential duty-free access to Europe and America. Rising monthly wages of Bangladesh garment worker in terms of US dollars are now catching up with the minimum wage in…

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Added by Riaz Haq on January 12, 2019 at 8:00pm — 15 Comments

Pakistani Mini Invasion of China?

Mid-1960s America saw a phenomenon called the "British Invasion". Anecdotal evidence suggests similar phenomenon, albeit on a smaller scale, is occurring in China with about 100,000 Pakistanis arriving there in recent years. While the growing presence of the Chinese in Pakistan gets a lot of press, there has been relatively little coverage of the movement of people in the other direction---from…

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Added by Riaz Haq on January 10, 2019 at 8:00pm — 7 Comments

Global Cyber Arms Race Heating Up?

The United States has launched successful cyber attacks against Iran and North Korea in recent years, according to multiple credible reports. These cyber attacks have caused physical destruction of thousands of Iranian nuclear centrifuges and disrupted North Korean missiles on launchpads or shortly after takeoff. Some of the code and developer tools used in the attacks have leaked out. These leaks are enabling other nations to learn and develop their own offensive cyber weapons. The United…

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Added by Riaz Haq on January 5, 2019 at 9:26pm — 6 Comments

2018 Review: Afghanistan, India, Pakistan, and United States

How did Pakistan's political landscape change in 2018? Have the Sharif family and the PMLN been marginalized? How was the security situation after continuing decline of terror fatalities since 2013? How has PTI done so far? Will NAB-led accountability of politicians continue or intensify in 2019? How will Imran Khan's government deal with the fact that the…

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Added by Riaz Haq on December 31, 2018 at 10:24am — 2 Comments

Pakistan Among Top 10 Countries With Fastest Growing Ultra-Rich Population

Pakistan is among the countries with top 10 fastest growing population of ultra-high net-worth  (UHNW) individuals over the last 5 years. Bangladesh with 17.3% UHNW growth tops the list followed by China (13.4%), Vietnam (12.7%), Kenya (11.7%), India (10.7%), Hong Kong (9.3%), Ireland (9.1%), Israel (8.6%), Pakistan (8.4%) and United States (8.1%), according to World Ultra…

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Added by Riaz Haq on December 29, 2018 at 12:18pm — No Comments

2018 Year-end Review of Science and Technology in Pakistan

Pakistan saw its technology exports grow by double digits to surge past $1 billion mark in 2018. Nature magazine reported the country ranked first in the world in research output growth in year 2018. Pakistan mobile broadband subscriptions grew by 1-2 million a month to pass 60 million. Google's Singapore-based…

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Added by Riaz Haq on December 27, 2018 at 7:30pm — 7 Comments

Pakistani-American Scientist Irfan Siddiqi is Top Expert in Quantum Computing

Karachi-born Pakistani-American Dr. Irfan Siddiqi is the head of Lawrence Livermore Quantum Computing Lab at the University of California at Berkeley.  He's also one of the architects of the United States Quantum Initiative backed by industry, academia and the federal government.

Silicon Valley Diversity:

Dr. Siddiqi was recently featured on Silicon…

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Added by Riaz Haq on December 23, 2018 at 7:35pm — No Comments

Pakistan's Research Output Growth Among the World's Fastest in 2018

Pakistan is one of the world's top two countries where the research output rose the fastest in 2018, according to Nature Magazine. The publication reports that the "global production of scientific papers hit an all-time high this year...with emerging economies rising fastest".…

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Added by Riaz Haq on December 22, 2018 at 10:00am — 3 Comments

Pakistani-American Attorney Javed Ellahie Sworn in as Monte Sereno City Councilman in Silicon Valley

Pakistani-American attorney Javed Ellahie, a long-time resident of Silicon Valley elected as councilman in the city of Monte Sereno, California, was sworn in on Tuesday December 18, 2018. It was a standing-room only event. It celebrated a new diverse city council which saw a Muslim immigrant, a woman and white man replace three white men. Liza Lawler and Shawn Leuthold were also sworn in along with Javed.…

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Added by Riaz Haq on December 19, 2018 at 4:00pm — No Comments

AI Research Funded By Silicon Valley NEDians at Their Alma Mater in Karachi

Koshish Foundation, an organization funded primarily by NED University Alumni in Silicon Valley, helped fund Koshish Foundation Research Lab (KFRL) in Karachi back in 2014. It has since received additional funding from numerous national and international organizations including DAAD,  German Academic Exchange Service. The lab has been renamed RCAI- Research Center For Artificial…

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Added by Riaz Haq on December 17, 2018 at 8:00am — 2 Comments

Pakistan is the World's Biggest Importer of Used Clothes

Back in the winter of 1977 when I made preparations to travel to the United States to attend graduate school, my late mother took me to Karachi's "Landa Bazar" to help me pick out …

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Added by Riaz Haq on December 13, 2018 at 7:00pm — No Comments

Pakistan Media Crisis: Facts and Myths

Why are Pakistan media groups laying off employees and shutting down TV channels? Is it caused by Pakistan government cutbacks in advertising? Is it part of the PTI government's alleged efforts to censor media? Or part of the long overdue industry shake-out after almost two decades long un-interrupted media business expansion?…

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Added by Riaz Haq on December 9, 2018 at 5:24pm — 4 Comments

Diaspora Remittances to Pakistan Soar 21X Since Year 2000

Remittance inflows from Pakistani diaspora have jumped 21-fold from about $1 billion in year 2000 to $21 billion in 2018, according to the World Bank. In terms of GDP, these inflows have soared nearly 7X from about 1% in year 2000 to 6.9% of GDP in 2018.

Meanwhile, Pakistan's exports have declined from 13.5% of GDP in year 2000 to…

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Added by Riaz Haq on December 9, 2018 at 2:00pm — 11 Comments

Pakistan Government Ad Spend Cuts Trigger Media Business Shakeout

Pakistan's 88 billion rupee media industry is in the midst of a major shakeout after a long period of rapid double-digit growth since the turn of the century. Hundreds of journalists and other staff have lost their jobs. At least one TV channel, Waqt News, has closed while several others are downsizing. While such consolidation was long overdue after nearly two-decade long period of explosive growth, the PTI government's decision to reduce advertising budget, which constitutes nearly…

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Added by Riaz Haq on December 2, 2018 at 6:30pm — 3 Comments

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    Blog Posts

    Current Debt Crisis Threatens Pakistan's Future

    Pakistan is battling massive twin deficits, deteriorating foreign currency reserves, low exports, diminishing tax revenues, a weak currency, unsustainable external debt payments, and soaring sovereign debt. This crisis has forced the country to seek IMF (International Monetary Fund) bailout, the 13th such request in Pakistan's 72 year history.…

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    Posted by Riaz Haq on April 13, 2019 at 10:00pm — 5 Comments

    Karachi's NED University Ranked Among World's Top 200 For Impact

    N.E.D. University of Engineering and Technology (NEDUET) has been ranked among the world's top 200 universities for "impact" by Times Higher Education. The institution located in Pakistan's largest city of Karachi is ranked among 101-200 in the world. NEDUET also tops…

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    Posted by Riaz Haq on April 6, 2019 at 11:26am — 1 Comment

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