The Global Social Network
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.…
Added by Riaz Haq on February 9, 2019 at 9:57pm — 8 Comments
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…
ContinueAdded by Riaz Haq on February 3, 2019 at 9:27pm — 21 Comments
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…
ContinueAdded by Riaz Haq on February 2, 2019 at 1:57pm — 2 Comments
Low wages and trade preferential deals with Western nations have helped Bangladesh, currently designated "Least Developed Country" (LDC), 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…
ContinueAdded by Riaz Haq on January 12, 2019 at 8:00pm — 47 Comments
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…
ContinueAdded by Riaz Haq on January 10, 2019 at 8:00pm — 15 Comments
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…
ContinueAdded by Riaz Haq on January 5, 2019 at 9:26pm — 16 Comments
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…
ContinueAdded by Riaz Haq on December 31, 2018 at 10:24am — 5 Comments
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…
ContinueAdded by Riaz Haq on December 29, 2018 at 12:18pm — 2 Comments
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…
ContinueAdded by Riaz Haq on December 27, 2018 at 7:30pm — 12 Comments
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".…
Added by Riaz Haq on December 22, 2018 at 10:00am — 10 Comments
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…
ContinueAdded by Riaz Haq on December 17, 2018 at 8:00am — 27 Comments
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 …
ContinueAdded by Riaz Haq on December 13, 2018 at 7:00pm — 7 Comments
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…
ContinueAdded by Riaz Haq on December 9, 2018 at 5:00pm — 17 Comments
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…
ContinueAdded by Riaz Haq on December 9, 2018 at 2:00pm — 21 Comments
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…
ContinueAdded by Riaz Haq on December 2, 2018 at 6:30pm — 4 Comments
Speaking at a recent Delhi investment conference, Managing Director and Chief Strategist Christopher Wood of CLSA (formerly known as Credit Lyonnais Securities Asia) surprised everyone, by saying that he loves the Pakistan stock market more than any other in Asia, according to …
ContinueAdded by Riaz Haq on November 24, 2018 at 2:00pm — 4 Comments
Nomura Securities strategists believe Malaysia, Japan and Pakistan are expected to be the top 3 beneficiaries of import substitution triggered by US-China trade war escalation. Nomura's analysis is based on detailed study of 7,705 items which will be subject to tariffs and counter tariffs by US and China if the stand-off continues. Nomura developed two indices as part of its research on the subject: NISI…
ContinueAdded by Riaz Haq on November 21, 2018 at 4:30pm — 7 Comments
Pakistani author-journalist Raza Ahmad Rumi recently visited San Francisco Bay Area as part of his book tour to promote his latest book "Being Pakistani: Society, Culture and The Arts". Raza had three speaking engagements in the Bay Area: (1) At the World Affairs Council in San Francisco on Wednesday November 14, 2018, (2) Institute of South Asia Studies at University of California at Berkeley on Thursday November 15, 2018, and (3) Pakistani-American Community Center in S…
ContinueAdded by Riaz Haq on November 19, 2018 at 7:21pm — 7 Comments
Pakistan's consumption of oil and gas has rapidly grown over the last 5 years, an indication of the nation's accelerating economic growth. Pakistan is among the fastest growing LNG markets, according to …
ContinueAdded by Riaz Haq on November 15, 2018 at 2:00pm — 43 Comments
Pakistan's quality-adjusted scientific output (Weighted Functional Count) as reported in Nature Index has doubled from 18.03 in 2013 to 37.28 in 2017. Pakistan's global ranking has improved from 53 in 2013 to 40 in 2017. In the same period, India's WFC has increased from 850.97 in 2013 to 935.44 in 2017. India's global ranking has improved from 13 in…
ContinueAdded by Riaz Haq on November 12, 2018 at 3:30pm — 6 Comments
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In a campaign speech on May 1, Indian Prime Minister Narendra Modi bragged about his campaign of transnational assassinations of individuals he has labeled "terrorists". “Today, India doesn't send dossiers to the masters of terrorism, but gives them a dose and kills them on their home turf", he is reported to have said, according to a tweet posted by his BJP party. Last…
ContinuePosted by Riaz Haq on May 3, 2024 at 5:09pm — 2 Comments
Samsung is seeing strong demand for its locally assembled Galaxy S24 smartphones and tablets in Pakistan, according to Bloomberg. The company said it is struggling to meet demand. Pakistan’s mobile phone industry produced 21 million handsets while its smartphone imports surged over 100% in the last fiscal year, according to …
ContinuePosted by Riaz Haq on April 26, 2024 at 7:09pm
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