South Asia Investor Review

Pakistan's  human capital  has doubled from three years of learning in 1990 to six years of learning in 2016, according to a human capital study of 195 countries recently published in the journal The Lancet.  However, Pakistan still ranks a poor 164th in the first-ever scientific study ranking countries for their levels of human capital. India has also more than doubled its human capital from 3 years to 7 years but Bangladesh stands out by tripling its human capital from two years to six years of learning since 1990.  In 2016, the Lancet study shows that 44 countries achieved more than 20 years of expected human capital while 68 countries had expected human capital of less than 10 years. Bangladesh, India and Pakistan have less than 10 years of learning, putting them in the category of low human capital countries. Learning is based on average student scores on internationally comparable tests. What is Human Capital? Dictionary defines human capital as "the collec...

Indian Prime Minister Narendra Modi's sudden U-turn on foreign minister level talks with Pakistan on the sidelines of the UN General Assembly has come under fire from within India. The top Indian critics of Mr. Modi's flip-fop include former Indian High Commissioner to Pakistan Mr. Sharat Sabharwal, ex foreign secretary Nirupama Menon Rao and seasoned journalists Suhasini Haider and Shekhar Gupta. Pakistan's new prime minister Mr. Imran Khan extended his hand of friendship to India that led to a mutual agreement for the two countries to meet on the sidelines of the upcoming annual UN General Assembly meeting. However, the foreign minister level meeting was canceled by India a couple of days later with a nasty message from Indian foreign ministry to Prime Minister Imran Khan alleging that he has shown his "true face" and exposed his "evil agenda". Prime Minister Imran Khan responded with an equally nasty tweet talking of "small men occupying big of...

Pakistani-American scholar Dr. Moeed Yusuf has examined the role of the United States in defusing South Asian crises since the nuclear tests conducted by  India  and  Pakistan in 1998 . In "Brokering Peace in Nuclear Environments U.S. Crisis Management in South Asia" by Dr. Moeed Yusuf published by Stanford University Press, the author analyzes American diplomacy in three critical periods: Kargil conflict in 1999; the stand-off after the Indian Parliament attack in 2001 and the  terrorist attack in Mumbai  in 2008. Yusuf argues that the US-Soviet Cold War deterrence model does not apply to the India-Pakistan conflict and offers his theory of "brokered bargaining". In chapters that detail the US role during three India-Pakistan crises, it is clear that the US rejected India's insistence on bilateralism in resolving India-Pakistan disputes.  The author says that "in each episode, the concern about the escalation forced the United States to engage, large...

Foreign-born Pakistani immigrant population in the United States rose 31% since 2010 to reach nearly 400,000 as of 2017. This figure includes naturalized citizens, legal permanent residents (green card holders), temporary workers, and foreign students from Pakistan. An earlier 2015 estimate put the number of   US-born Pakistani-Americans at 180,000 .  It is safe to assume that the total number of  Pakistanis in the United States  exceeds 600,000 in 2018. Origins of Foreign-Born Americans. Source: Pew Research 2017 US Census Update: On September 13, 2018, the US Census Bureau released some of the data from the 2017  American Community Survey (ACS) . The survey reflects the U.S. population as of July 1, 2017. The source countries with the largest increases in the number immigrants since 2010 are  India (up 830,215) , China (up 677,312), the Dominican Republic (up 283,381), Philippines (up 230,492), Cuba (up 207,124), El Salvador (up 187,783), V...

Pakistan's human development ranking plunged to 150 this year, down from 149 last year. It is worse than Bangladesh at 136, India at 130 and Nepal at 149. The decade of democracy under Pakistan People's Party and Pakistan Muslim League (Nawaz) has produced the slowest annual growth rate in the last 30 years. The fastest growth in Pakistan human development was seen in 2000-2010, a decade dominated by  President Musharraf's rule , according to the latest Human Development Report 2018. Human Development in Pakistan:  UNDP’s Human Development Index (HDI) represents human progress in one indicator that combines information on people’s health, education and income. Pakistan's Human Development Growth Rate By Decades. Source: HDR 2018 Pakistan saw average annual HDI (Human Development Index) growth rate of 1.08% in 1990-2000, 1.57% in 2000-2010 and 0.95% in 2010-2017, according to  Human Development Indices and Indicators 2018 Statistical Update .  The fastest g...

Top US and Chinese diplomats have visited Pakistan to meet with the country's new prime minister Mr. Imran Khan within days of his assuming office. The US Secretary of State Mike Pompeo was the first to call on P rime Minister Imran Khan  in Islamabad. Pompeo's visit was soon followed by a three-day visit by Chinese Foreign Minister Wang Yi. What is at stake in the  battle between China and the United States  in Pakistan is the prize of global superpower status, according to the US-based Wall Street Journal. There is a lot of speculation in the western media about the objectives of Pakistan policies being pursued by the two great powers and their impact on the US-China competition for world dominance. Such speculations have centered on the debt related to  China-Pakistan Economic Corridor (CPEC)  and the US leverage in potential IMF bailout of Pakistan. American business publication Wall Street Journal has produced a short video explaining how its staff se...

While Pakistan has lagged in South Asia region in  manufacturing value addition , the country enjoys a significant lead in  agriculture value addition  over Bangladesh and India.  Livestock revolution and increasing farm mechanization have enabled Pakistan to significantly raise agriculture productivity and rural incomes since 1980s. There is rising tractor ownership and growing economic activity in  dairy, meat and poultry sectors  now accounts for just over 50% of the nation's total agricultural output. The result is that per capita value added to agriculture in Pakistan is almost twice as much as that in  Bangladesh  and India. However, Pakistan still gets less crop per drop than India which means there is significant opportunity for  water saving . Agriculture Value Addition. Courtesy: Dr. Krishna Prasad Pant Agriculture Value Addition: As of 2014, the agriculture value addition in Pakistan is estimated at $1,050 per worker, sig...

Pakistan's manufacturing sector is performing poorly relative to  Bangladesh  and India, according to the United Nations Industrial Development Organization 2018 report. UNIDO data shows that Pakistan's per capita  manufacturing  value added is not only lower than its neighbors' but it's also growing more slowly since 2010.  In fact, Pakistan's manufactured exports per capita have declined in the last decade. South Asia Manufacturing. Source: UNIDO IDR 2018 Industrial Development Report 2018: United Nations Industrial Development Organization, also called UNIDO, is a UN agency whose charter is to "promote and accelerate inclusive and sustainable industrial development (ISID) in Member States". It publishes an annual industrial development report that is "an established source of reference on industrial development. Previous editions have been examining the driving forces of industrialization and the positive factors that can lead to social i...