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Riaz Haq's Blog (1,049)

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. Rising monthly wages of Bangladesh garment worker in terms of US dollars are now catching up with the minimum wage in Pakistan, especially after recent Pakistani rupee devaluation. Minimum monthly wage in Pakistan has declined from $136 last year to $107 now…

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Added by Riaz Haq on January 12, 2019 at 8:00pm — 6 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 — 4 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 — 2 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 — 1 Comment

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 — 2 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 — 9 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

Top Asia Investment Strategist Chris Wood Sees Strong Economy in Pakistan

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 …

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Added by Riaz Haq on November 24, 2018 at 2:00pm — 4 Comments

Pakistan Among Top 3 Likely Beneficiaries of US-China Trade War

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…

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Added by Riaz Haq on November 21, 2018 at 4:30pm — 3 Comments

Pakistani Author-Journalist Raza Rumi in Silicon Valley

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…

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Added by Riaz Haq on November 19, 2018 at 7:21pm — No Comments

Pakistan's Insatiable Appetite For Energy

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 …

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Added by Riaz Haq on November 15, 2018 at 2:00pm — 12 Comments

Pakistan's Scientific Output Doubles in 5 Years

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…

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Added by Riaz Haq on November 12, 2018 at 3:30pm — 4 Comments

Pakistan Consumer Confidence Index Reached All-Time High in Q2/2018

Pakistan consumer confidence index reached an all-time high of 115 in Q2/2018, up 8 points from 107 in Q1/2018, according to latest The Conference Board Global Consumer Confidence Survey (TCB-Global). Pakistan now ranks 9th in the world. Pakistan's neighbor India's consumer confidence…

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Added by Riaz Haq on November 8, 2018 at 9:30pm — 3 Comments

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    Blog Posts

    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. Rising monthly wages of Bangladesh garment worker in terms of US dollars are now catching up with the minimum wage in Pakistan, especially after recent Pakistani rupee devaluation. Minimum monthly wage in Pakistan has declined from $136 last year to $107 now…

    Continue

    Posted by Riaz Haq on January 12, 2019 at 8:00pm — 6 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…

    Continue

    Posted by Riaz Haq on January 10, 2019 at 8:00pm — 4 Comments

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