Last week I attended a Silicon Valley fundraiser by iCodeGuru, a Pakistani-American group focusing on arranging training and guiding young men and women from underprivileged backgrounds to get full scholarships for advanced STEM (Science, Technology, Engineering and Mathematics) degrees at universities in America. The well-attended event held at Chandni restaurant raised over…

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Pakistani startups raised  $23.1 million in the first quarter of this year after hitting a low of $15.2 million in the last quarter of 2022, according to Data Darbar. The amount of money raised by Pakistani startups increased in each of the first 3 months of 2023, bringing the total funding amount to $945.4 million across 321 deals since 2015. It started out slow with just $1.5 million…

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The year 2021 is turning out to be a banner year for Pakistani tech startups. At the end of the third quarter of the current year, technology startups have already raised $278 million, twice the funding raised in the previous 5 years combined. In per capita terms, this is still just over $1 per person, a lot less compared to neighboring India where startups attracted …

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Pakistan's technology sector is in the midst of an unprecedented boom. It is being fueled by the country's growing human capital and rising investments in technology startups. A recent tweet by Swedish fund manager Mattias Martinsson captured it well when he wrote, "Have followed Pakistan for 15 years. Can't recall any time time when VC activity was anywhere near we've seen in the last few months.…

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Hundreds of Pakistanis and Pakistani-Americans attended Pakistan Tech Summit 2020 at Draper University in San Mateo, California on February 15, 2020. It was organized by Arzish Azam of Ejad Labs with sponsorships from JS Bank, Netsol, VisionX, Pakistan IT ministry, Pakistan National IT Board and Pakistan Software Exports Board. This event came after a recent report in Germany's Deutsche…

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Atoms shoes, founded by a young Pakistani couple, has attracted $8.1 million investment, according to media reports. Atoms' investors include Silicon Valley based venture capital firm Kleiner Perkins and Reddit cofounder Alexis Ohanian.  It's the latest success in the…

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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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The scribe was interviewed live on Facebook for Day Dreamers Show by its host Dr. Aijaz Qureshi Canadawalla on August 24, 2018. The discussion began with introductions. It focused on the following topics:

Riaz…

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Pakistan ranks 32nd in breadth and 99th overall among 140 countries in terms of globalization, according to DHL Global Connectedness Index compiled by professors at NYU Stern School of Business and IESE Business School. Pakistan ranks 137 on…

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Pakistan has announced plans to develop and produce 5th generation fighter plane, according to media reports. It's part of Pakistan Air Force's highly ambitious Project Azm that includes building Kamra Aviation City dedicated to education, research and development and manufacturing of advanced fighter jets, unmanned aerial vehicles (UAVs) and weapon systems.…

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US is providing $80 million to create multiple VC and PE funds in Pakistan. These funds will be run by professional fund managers who will be required to manage and raise additional money from other sources to start multiple funds. US Embassy in Islamabad told Express Tribune that they expect that "there will be substantial interest from local, regional and international investors”.



Polish Model:…

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Those who cite the 1986 World Bank study to argue that the social rates of return for h

igher education are 13 percent lower than return on basic education must remember the following: Hundreds of millions of lives in Asia were saved as a result of the success of the Green Revolution that was enabled by a combination of US aid, and the capacity of the recipient nations to absorb it by virtue of the availability of local college graduates in agriculture and engineering.



The…

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In modern economies, land and manufacturing continue to be significant sources of wealth of nations. However, the developed world, with icons like Bill Gates, Steve Jobs, Sergey Brin and Larry Page, is in the midst of a major transformation to accumulation of wealth in the form of intellectual property. In this evolving new economy, there is much greater emphasis on intangible knowledge assets than on physical or tangible assets. The value of the intellectual assets determines the clout and… Continue

In the "New Economy", the most important single asset for any nation is the intellectual capital it develops by educating its people well. Investment in education could not be better described than by the words used by the Chinese genius Kuan Chung centuries ago: "If you plan for a year, plant a seed; if for 10 years, plant a tree; if for a 100 years, teach the people. When you sow a seed once, you reap a single harvest; when you teach the people, you will reap a 100 harvests."



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