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Showing posts from July, 2018

San Francisco Tech Firm to Invest $6 Million in Pakistan Game Development Studio

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San Francisco based Cloudcade has announced it will invest $6 million to set up a game development studio in Lahore, Pakistan, according to Venturebeat. The Lahore studio will be led by Ammar Zaeem, cofounder of Pakistan’s mobile game studio Caramel Tech which already has a team of 50 engineers. The move is a big investment into Pakistan as a tech hub, and it shows how the game business is expanding around the globe. Cloudcade:    Founded by Di Huang in 2013, Cloudcade is known for its popular multiplayer game "Shop Heroes" that pits players against each other in a competition to create the best shop they can. If a player can make a better store and perform more tasks than his or her rivals, he or she wins. The game is available on the Apple iOS App Store, Google Play, Samsung Galaxy Store, Amazon, Kongregate, and Facebook. It is now also supported on the Apple Watch. In his report, Venturebeat's Dean Takahashi says that "Pakistan’s emergence as a soft

How Can Pakistan Build Up and Manage Dollar Reserves?

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Every country needs US dollars to import products because the US dollar is the international  trade and reserve currency . Only the United States can print dollars; all others must acquire them through exports and capital inflows like investments, remittances and loans. Pakistan has had serious problems in acquiring sufficient amount of dollars for its needs through trade and investments over the last several decades. It has been forced to seek IMF bailouts repeatedly. China, India and East Asia: China and other East Asian nations have built up large dollar reserves by running massive trade surpluses mainly through exporting lots of products and services to the rest of the world. Others, such as India, have built up significant US dollar reserves in spite of  running large trade deficits . India relies mainly on  foreign investments , remittances from non-resident Indians and foreign debt for its dollar reserves. India is consistently ranked among the top recipients of foreign

Pakistan Elections 2018: PTI Triumphs Over Corrupt Dynastic Political Elite

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Millions of passionate young men and women enthusiastically voted for Pakistan Tehreek e Insaf led by cricket legend Imran Khan to help PTI win against corrupt dynastic political parties in  July 25, 2018 elections . Scores of dynastic politicians lost their legislative seats in this election in Khyber Pakhtunkhwa and Punjab provinces. This election came to represent a generational shift in many families in which parents reliably voted for the “electables” based on biradries (clans) and feudal affiliations but the children voted for PTI. It is a resounding rejection of old feudal politics in large parts of the country. The only exception to this shift is probably rural Sindh where the dynastic Pakistan Peoples' Party gained seats. Young Electorate: Pakistan's 46 million  young voters  of ages 18-36 years, up from 41 million in 2013, made the biggest impact on the outcome of the elections this year, according to data from the Election Commission of Pakistan. Pakistan Vo

Pakistan Elections 2018 Predictions; Nawaz Sharif's Future

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What will be the impact of tragic terror attacks with mass casualties on Pakistan's July 25, 2018  general elections ? How does the current situation compare with the situation in 2013 elections? Will the elections proceed as scheduled? Pakistan Elections 2018 Forecast by  Intermarket and Exotix Investment Firms Which party is likely to get the most votes and parliamentary seats in Pakistan's July 25, 2018 general elections? Will one party get a clear majority? Who will form the new government? Is PTI Chief Imran Khan likely to be the next prime minister of Pakistan? Will it be a coalition government? How can a weak coalition government implement a radical reform agenda proposed by Imran Khan? Why did former prime minister of Pakistan Mr.  Nawaz Sharif , convicted recently by a Pakistani court on charges of having assets beyond income, come back to Lahore to face certain arrest? What is his strategy? What is Nawaz Sharif's future in Pakistani politics after his con

Pakistan GDP Growth 1960-2017: How Does Pakistan Compare With China and India?

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The latest GDP figures in terms of current US dollars released by the World Bank for 2017 put Pakistan's GDP at $305 billion, India's at $2,597 billion and China's at $12,237 billion.  The World Bank also lists where the gross domestic products of each country in current US dollars stood in 1960. GDP Growth in Current US$ 1960-2017. Source: World Bank Economic Growth Since 1960:  The World Bank  report released in June, 2018  shows that Pakistan's GDP has grown from $3.7 billion in 1960 to $305 billion in 2017, or 82.4 times. In the same period,  India's GDP grew from $37 billion in 1960 to $2,597 billion in 2017 or 71.15 times. Both South Asian nations have outpaced the world GDP growth of 60 times from 1960 to 2017. While Pakistan's GDP growth of 82X from 1960 to 2017 is faster than India's 71X and it appears impressive, it pales in comparison to Malaysia's 157X, China's 205X and South Korea's 382X during the same period. Economic G

A Muslim Woman Founded World's Oldest Continuously Operating University

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Taxila University, the world's first known university, was founded in 600 BCE in what is now Pakistan. This university ceased to exist in 500 CE. University of Al Quaraouiyine, started by a  Muslim woman  in North Africa, is believed to be the world's oldest university that has been in continuous operation since its founding 859 CE. University of Al Quaraouiyine University of Taxila: University of Taxila, the  world's oldest known university, was founded in 600 BCE  in the Kingdom of Gandhara, in Ancient India, but now in Pakistan. It was not a university in the modern sense of the word. It did not have any infrastructure like classrooms nor did it provide housing for its teachers or students. There was no established system of schooling or curriculum in Taxila. Taxila followed no system of examinations, and did not award degrees to its students. The town of Taxila flourished between 600 BCE and 500 CE. Dozens of subjects were taught at the university including re

A Perspective on Deposed Pakistani Prime Minister Nawaz Sharif's Conviction

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Guest Post by Rashid Ahmad. My thoughts on Nawaz Sharif (NS) verdict: 1. This decision, like all major decisions that involve national level politicians, will remain controversial as the people will look at this decision from their own perspectives. To Anti-NS folks he was guilty before the trial began, and it does not matter on which charge he is convicted, as long as he is knocked out. For those who support  Nawaz Sharif , he would never be guilty even if he is caught red handed. 2. The conviction was a foregone conclusion. It may be selective justice but the real reason was the accountability court, working under direct supervision of the Supreme Court of Pakistan, which, to many people, is not a neutral arbiter any more, but the “REAL PROSECUTOR”.  It is selective application of the law. 3. Although not comparing, this kind of motivated convictions are not uncommon. Pakistan’s illustrious judiciary has to its “credit” many infamous decisions: Doctrine of necessity by Just

NGO-ization of Pakistan

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Pakistan has seen more than 10-fold increase in the number of non-governmental organizations (NGOs) operating in the country since 911. There is now one NGO per 2000 Pakistanis. A large slice of the billions of dollars in American aid to Pakistan has been funneled through these  non-government organizations (NGOs) . This has been particularly true since the passage of  Kerry-Lugar-Berman aid bill  in 2009 that tripled civilian aid to Pakistan from $500 million to $1.5 billion a year. Most of these new NGOs are not likely to survive the planned US aid cuts to Pakistan by the Trump Administration. NGO Proliferation:  Pakistan has been massively NGO-ized since the September 11, 2001 attacks in the United States, according to data compiled by Pakistan Centre for Philanthropy (PCP), a certification organization for non-government organizations (NGOs) and charity institutions. The number of NGOs has exploded from 10,000-12,000 in 2001 (source: Aga Khan Civil Society Index) to 100,000-1

Pakistan's Economic Performance Since 1960

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Asia 2025, a US Defense Department Study produced in summer of 1999, forecast that Pakistan would "disappear" as an independent state by 2015.  Since the issuance of this dire forecast, Pakistan has not only survived but its economy has nearly quintupled from $62 billion in 1999 to over $300 billion in 2018. This has happened in spite of political corruption and instability and terror Pakistan has suffered from due to the Afghan war next door and Indian sponsored proxy war against it. US Department of Defense Summer Study 1999 Dire Forecasts: The US DoD 1999 forecast was not the first nor would it be the last dire prediction by western and Indian "scholars" working in the American academia and Washington think tanks. Many western and Indian analysts have been forecasting Pakistan's demise as the country struggles to deal with terrorism at home. Among them is former President George W. Bush's adviser  David Kilcullen . "We're now rea