The Global Social Network
Added by Riaz Haq on June 18, 2017 at 9:01pm — 3 Comments
Twelve British Pakistanis, including 5 women, have been elected members of parliament (MPs) in recent elections held in the United Kingdom, according to media reports. Seven of them are members of the Labor Party and three belong to the Conservative Party. This sets a new record with the increase of two MPs from the May 2012…
ContinueAdded by Riaz Haq on June 11, 2017 at 6:00pm — 25 Comments
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Added by Riaz Haq on May 28, 2017 at 6:30am — 13 Comments
Afiniti and Careem are two technology unicorns engineered in Pakistan by Pakistanis. AI (artificial intelligence) startup Afiniti software has largely been engineered in Lahore while taxi hailing service Careem's technology has mostly been developed in Karachi. Here's more about these unicorns:
Careem:
Careem is a taxi hailing app that is giving its American competitor Uber a…
ContinueAdded by Riaz Haq on May 23, 2017 at 6:27pm — 14 Comments
An unrelenting campaign of fear, uncertainty and doubt (FUD) about China-Pakistan Economic Corridor (CPEC) has been unleashed in the media in recent weeks. This strategy harkens back to the aggressive marketing techniques used by the American computer giant IBM in the 1970s to fight competition. As in IBM's case, the greatest fear of the perpetrators of FUD is that CPEC will succeed and lift Pakistan up…
ContinueAdded by Riaz Haq on May 22, 2017 at 10:30am — 61 Comments
Rising buying power of rapidly expanding middle class in Pakistan drove the nation's media advertising revenue up 14% to a record Rs. 76.2 billion ($727 million), making the country's media market among the world's fastest growing for FY 2015-16. Half of this ad spending (Rs. 38…
ContinueAdded by Riaz Haq on May 20, 2017 at 8:00am — 31 Comments
Added by Riaz Haq on May 18, 2017 at 11:00am — 25 Comments
Added by Riaz Haq on May 14, 2017 at 4:00pm — 4 Comments
China has emerged at the top destination for Pakistani students studying abroad with 19,000 of them in China this year. This figure is more than 3 times the 6,141 Pakistani students currently enrolled in the US universities, according to data available from reliable sources.…
ContinueAdded by Riaz Haq on May 11, 2017 at 10:57pm — 49 Comments
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Pakistan Cricket Board (PCB) spends about $43 million on national and international cricket every year, according to media reports. It receives about $16.5 million a year share from the International Cricket Council (ICC) as part of the new revenue sharing model while the rest comes from Pakistan Super…
ContinueAdded by Riaz Haq on May 3, 2017 at 11:30pm — 23 Comments
Cisco is paying $610 million to acquire Viptela, a software-defined-networks (SDN) start-up in Silicon Valley that was co-founded in 2012 by Pakistani-American entrepreneurs Amir Khan, Atif Khan and Khalid Raza.
Software defined network (SDN) technology allows network managers to configure, manage, secure, and optimize network…
ContinueAdded by Riaz Haq on May 1, 2017 at 9:30pm — No Comments
Open Forum 2017, the annual conference of Pakistani entrepreneurs in Silicon Valley, drew over 1,000 attendees, about half of them women. It featured presentations by successful entrepreneurs including Ahmad Khaishgi of SquareTrade and Mudassir Sheikha of Careem as well as sessions by powerful venture capitalists like Aaref Hilaly of Sequoia Capital. It is organized by the Organization of…
ContinueAdded by Riaz Haq on April 30, 2017 at 9:00pm — No Comments
Pakistani diaspora bucked the 2016 global decline in remittances with a modest 2.8% increase over 2015, according to a recently released World Bank report. An estimated $19.8 billion remitted to Pakistan amounted to 6.9% of the country's GDP. This is a welcome relief coming on the heels of the State Bank of…
ContinueAdded by Riaz Haq on April 24, 2017 at 8:48pm — 6 Comments
Bollywood movie revenue suffered 12% drop in 2016 to $338 million, the sharpest decline ever, according to Reuters news agency. Meanwhile, the global movie revenue rose just 1% to a record $38.6 billion last year, according to a report by Motion Pictures Association of America.…
ContinueAdded by Riaz Haq on April 19, 2017 at 8:43pm — 9 Comments
Why was Mashaal Khan, an Abdul Wali Khan University student, killed by a mob of his fellow students in Mardan? What does this lynching incident say about Pakistani state and society? Is it a failure of the state? Or is it a symptom of a larger societal problem in the country? Do extreme right-wing politicians, media, judges and bureaucrats share responsibility for this ongoing madness of vigilante justice…
ContinueAdded by Riaz Haq on April 16, 2017 at 5:30pm — 2 Comments
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Pakistan imported an estimated 1.25 gigawatt-hours (GWh) of lithium-ion battery packs in 2024 and another 400 megawatt-hours (MWh) in the first two months of 2025, according to a research report by the Institute of Energy Economics and Financial Analysis (IEEFA). The report projects these imports to reach 8.75 gigawatt-hours (GWh) by 2030. Using …
ContinuePosted by Riaz Haq on June 14, 2025 at 10:30am — 3 Comments
A London-based startup builder.ai, founded by an Indian named Sachin Dev Duggal, recently filed for bankruptcy after its ‘neural network’ was discovered to be 700 Indians coding in India. The company promoted its "code-building AI" to be as easy as "ordering pizza". It was backed by nearly half a billion dollar investment by top tech investors including Microsoft. The company was valued at $1.5 billion. This is the latest among a series of global scams originating in India. …
ContinuePosted by Riaz Haq on June 8, 2025 at 4:30pm — 11 Comments
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