Riaz Haq's Blog – July 2022 Archive (7)

Pakistani Tech Startups Attract Record VC Funding in First Half of 2022

Technology startups in Pakistan received record $249 million funding during January-June 2022, up a whopping 171% from the same period last year. A total of 35 deals closed, up 6% from the first half of 2021. July 2022 saw a maiden investment from Sequoia Capital which is considered among the top venture capital firms headquartered in Silicon Valley, California.  Last year was a banner…

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Added by Riaz Haq on July 29, 2022 at 12:26pm — 33 Comments

Pakistan Agriculture: Record Harvests Forecast After Heavy Monsoon Rains

In the first few months of 2022,  Pakistan has exported more rice to China than Vietnam, the historic top supplier, according to the United States Department of Agriculture (USDA).  Pakistan's total rice exports are forecast to jump by 450,000 tons to 4.8 million tons, almost 30% higher than the prior year. …

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Added by Riaz Haq on July 26, 2022 at 11:00am — 33 Comments

My Family's Contribution to Climate Action: Rooftop Solar and Electric Vehicles

In response to growing reports of extreme heat and floods around the world, my wife and I are doing our part to reduce our carbon footprint: We now have rooftop solar panels as well as two electric vehicles. In fact, we have had rooftop solar since 2019. My wife Yasmeen traded in her Toyota Prius Hybrid car for an all-electric Chevrolet Bolt in 2019, and I have recently traded in my gasoline-powered…

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Added by Riaz Haq on July 21, 2022 at 9:00am — 18 Comments

UN Report: Last Decade Saw 16.5 Million Pakistanis Migrate Overseas

Among 10 countries with the estimated net outflow of migrants exceeding 1 million over the period from 2010 through 2021, Pakistan saw 16.5 million migrants move overseas, the highest in the world, according to a report titled "World Population Prospects 2022" released by the United Nations Department of Economic and Social Affairs (UN DESA). …

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Added by Riaz Haq on July 17, 2022 at 4:00pm — 6 Comments

India's Forex Reserves Fall As Foreign Investors Head For The Exits

India's foreign exchange reserves are falling rapidly as foreign investors flee and the country's trade and current account deficits widen. More than $267 billion worth of India's external debt of the total $621 billion is due for repayment in the next nine months. This repayment is equivalent to about 44% of India's foreign exchange reserves. This combination of investors'…

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Added by Riaz Haq on July 10, 2022 at 4:30pm — 29 Comments

Theranos Trial: Pakistan-born Indian-American Tech Exec Convicted of Fraud

In yet another blow to Silicon Valley's "fake it till you make it" mantra, a federal jury has convicted former Theranos executive Ramesh "Sunny" Balwani on all 12 counts of fraud. Balwani was born in 1965 in Pakistan to a Sindhi Hindu family.  He attended Aitchison College, an elite prep school in Lahore that is also the alma mater of former Prime Minister Imran Khan of Pakistan. His family emigrated to India in 1984 and then to the United States in 1987. He studied at the University…

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Added by Riaz Haq on July 7, 2022 at 5:30pm — 7 Comments

Pakistani-American Khizr Khan Named to Receive Presidential Medal of Freedom, America's Highest Civilian Award

Khizr Khan, a Pakistani-American lawyer, is on President Joseph R. Biden's list of recipients of the Presidential Medal of Freedom, the highest civilian award given by the President of the United States. Khan is among 17 Americans on the list that also includes late Senator John McCaine and late Steve Jobs. "These seventeen Americans demonstrate the power of possibilities and…

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Added by Riaz Haq on July 2, 2022 at 6:00pm — No Comments

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    Blog Posts

    Barrick Gold CEO "Super-Excited" About Reko Diq Copper-Gold Mine Development in Pakistan

    Barrick Gold CEO Mark Bristow says he’s “super excited” about the company’s Reko Diq copper-gold development in Pakistan. Speaking about the Pakistani mining project at a conference in the US State of Colorado, the South Africa-born Bristow said “This is like the early days in Chile, the Escondida discoveries and so on”, according to Mining.com, a leading industry publication. "It has enormous…

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    Posted by Riaz Haq on November 19, 2024 at 9:00am

    What Can Pakistan Do to Cut Toxic Smog in Lahore?

    Citizens of Lahore have been choking from dangerous levels of toxic smog for weeks now. Schools have been closed and outdoor activities, including travel and transport, severely curtailed to reduce the burden on the healthcare system.  Although toxic levels of smog have been happening at this time of the year for more than a decade, this year appears to be particularly bad with hundreds of people hospitalized to treat breathing problems. Millions of Lahoris have seen their city's air quality…

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    Posted by Riaz Haq on November 14, 2024 at 10:30am — 1 Comment

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