Pakistan's Computer Services Exports Jump 26% Amid COVID19 Lockdown

Pakistan's computer services exports soared 26% in March, 2020 over the same month last year. This growth occurred in spite of the coronavirus lockdown that began on March 23, 2020. The nation's total services exports fell 17% in the same month.

Pakistan ICT Exports. Source: PBS
The ICT services exports bucked the overall down trend in Pakistan's exports. The country exported computer service worth $102.26 million in March, 2020, up 25.77% from $81.31 million in March, 2019.  Overall telecommunications, computer and information services increased 19.44% to $134.95 million in March 2020, up from $112.99 million in March 2019.  Prior to the current coronavirus lockdown, PBS reported that Pakistan's technology exports increased 26.24% in the first 8 months  (July-February) of the current financial year.

Double Digit CAGR in Pakistan IT-ITeS Exports in 2010-2018

The data released by the PBS showed that Pakistan earned a total amount of $887.47 million during the first eight months (July-February) of the fiscal year 2020, up from $702.99 million during the corresponding period of the fiscal year 2018-19. Computer services exports grew 31.57% to $677.23 million from July 2019 to February 2020 as compared to $514.74 million.

 It is generally believed that Pakistan's PBS and central bank underestimate the country's technology exports. Some have argued that the actual IT exports were closer to $5 billion in fiscal 2018. Some of the differences can be attributed to the fact that the State Bank IT exports data does not include various non-IT sectors such as financial services, automobiles, and health care.

Pakistan has a thriving  community of freelancers. Its digital gig economy growth is the fastest in Asia and fourth fastest in the world, according to digital payments platform Payoneer.

Gig Economy Growth in Q2/2019. Source: Payoneer
United States leads gig economy growth of 78% followed by the United Kingdom 59%, Brazil 48%, Pakistan 47% and Ukraine 36%. Asia growth was led by Pakistan followed by Philippines (35%) , India  (29%) and Bangladesh (27%).

The rapid gig economy expansion of 47% in Pakistan  was fueled by several factors including the country's very young population 70% of which is under 30 years of age coupled with improvements in science and technical education and expansion of high-speed broadband access.  Pakistani freelancers under the age of 35 generated 77% of the revenue in second quarter of 2019.

Growth in Freelance Work. Source: Payoneer

Mohsin Muzaffar, head of business development at Payoneer in Pakistan, has said as follows: "Government investment in enhancing digital skills has helped create a skilled freelancer workforce while blanket 4G coverage across Pakistan has given freelancers unprecedented access to
international jobs".

Global Freelance Revenue By Age. Source: Payoneer. 


In Q2/2019, Asia cemented its status as a freelancer hub.  Pakistan, Bangladesh and India, Philippines made it to the  top 10 list, collectively recording 238% increase from Q2/2018.


Online Labor Index. Source: Oxford Internet Institute

As of 2017, Pakistan freelancers ranked fourth in the world and accounted for 8.5% of the global online workforce, according to Online Labor Index compiled by Oxford Internet Institute. India led with 24% share followed by Bangladesh 16%, US 12%, Pakistan 8.5% and Philippines 6.5%.

Related Links:

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Digital BRI and 5G in Pakistan

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Pakistan EdTech and FinTech Startups

State Bank Targets Fully Digital Economy in Pakistan

Campaign of Fear Against CPEC

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E-Commerce in Pakistan

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Riaz Haq's Youtube Channel


Comments

Riaz Haq said…
#Covid #Lockdown: #Pakistan’s #FDI soars 32% in April 2020 to $133.2 million, up from $100.8 million last year. #Oilandgas exploration sector led with $39.1m followed by #financialservices $30.8m, #telecom $20 million, #power $18.4 & #chemicals $14.9m. https://tribune.com.pk/story/2224412/1-despite-pandemic-pakistans-fdi-soars-32-april/

Multinational companies have continued to inject fresh investment into ongoing projects in different sectors of Pakistan’s economy like telecommunication, power, and chemical despite the global economic crisis sparked by the coronavirus pandemic.

Foreign direct investment (FDI) rose 32% to $133.2 million in April 2020 compared to $100.8 million in the same month of the previous year, the State Bank of Pakistan (SBP) reported on Monday.

Although the volume of investment stood at an eight-month low in April, “what is encouraging is that investors have continued to pour fresh capital into ongoing projects in Pakistan despite the global economic recession under Covid-19,” Overseas Investors Chamber of Commerce and Industry (OICCI) Secretary-General M Abdul Aleem remarked while talking to The Express Tribune.
Moreover, the nature of investment stands diversified. Companies from multiple countries have poured new investment, unlike Chinese firms which have been the only major investors in Pakistan in recent times.

FDI should improve in the months to come as countries are slowly lifting lockdowns in a bid to revive economic activities around the globe. Accelerating the activities, however, may remain a challenge in the absence of a coronavirus vaccine and medicines.

Cumulatively, in the first 10 months (July-April) of the current fiscal year, foreign firms injected FDI worth $2.28 billion, which was more than double the investment of around $1 billion in the same period of the previous year, according to the central bank.

Before the outbreak of Covid-19 late in February in Pakistan, foreign investors seemed poised to initiate new projects in the country. They, however, have put the projects on hold in response to the virus.

“In the recent past, some foreign companies made a new investment in food, energy, and telecom sectors in Pakistan,” Aleem said.

Country-wise FDI

Hong Kong emerged as the largest investor with net FDI of $28.4 million in April 2020, followed by the Netherlands that injected $24.5 million, the US $22.5 million, Malta $18.5 million, and the UK $10.5 million.

Cumulatively, in the first 10 months of FY20, China was the biggest investor, with FDI worth $877.8 million compared to $45.5 million in the same period of last year.

Norway stood second with $288.6 million, followed by Malta that injected $185.2 million in July-April FY20.

However, in the same period of the previous year, the UAE was the largest investor with a net investment of $159.7 million, followed by Hong Kong at $147 million, while Japan invested $95.8 million.

Sector-wise FDI

The oil and gas exploration sector attracted the largest foreign investment of $39.1 million in April 2020, followed by the financial sector that got an investment of $30.8 million, the communication sector $20 million, power sector $18.4 million, and chemical sector $14.9 million.
Cumulatively, in 10 months, power, communication, and oil and gas exploration sectors were the top three sectors that attracted significant investment.

Investment in stock market

Although foreign investors continued to remain net sellers at the Pakistan Stock Exchange (PSX) in the first 10 months of FY20, they slowed down selling compared to the same period of last year.

They offloaded stocks worth $182.7 million in July-April FY20 compared to $408.1 million in the same period of last year, according to the central bank.
Riaz Haq said…
Pakistan's economy contracts for first time in 68 years


https://tribune.com.pk/story/2224516/2-pakistans-economy-contracts-first-time-68-years/

For the first time in 68 years, Pakistan’s economy has marginally contracted by 0.38% in the outgoing fiscal year due to adverse impacts of novel coronavirus coupled with economic stabilisation policies that had hit the industrial sector much before the deadly pandemic.


Except for the agriculture sector that grew 2.7%, the industrial and services sectors witnessed negative growth rates, pulling the overall growth rate down to negative 0.38% in the fiscal year 2019-20, ending on June 30. The per capita income in dollar terms has also dipped to 1,366 – a contraction of 6.1%, but it increased in rupee terms to Rs214,539.

The National Accounts Committee approved the provisional gross domestic product (GDP) growth rate for the outgoing fiscal year besides a downward revision of the economic growth rate for the first year of the PTI government. For fiscal 2018-19, the NAC cut the provisional growth rate of 3.3% to 1.9%, which is the lowest in 11 years.




The SBP’s quest for hot foreign money has adversely hit the industries even much before the Covid-19 started impacting the economy. In the end, neither the hot foreign money stayed in Pakistan nor the country achieved sustainable economic growth. There is a need to investigate the sources of hot foreign money inflows in Pakistan that created an artificial sense of economic stability.

Former finance minister Dr Hafiz Pasha had disputed the PTI government’s claim of a 3.3% growth rate and instead claimed a year ago that the growth in the first year of the PTI government was 1.9%. His assessment has become true and finally admitted by the government.

The Planning secretary chaired the National Accounts Committee meeting, which has representation of all the federal and provincial departments concerned, including the State Bank of Pakistan (SBP).

It is for the first time since 1951-52 that Pakistan’s economy contracted, although the pace of contraction was far lower than -1.5% growth rate predicted by the International Monetary Fund (IMF), the World Bank, the finance ministry and the SBP.

The GDP — the monetary value of all goods and services produced in a year — is projected to have a negative growth rate of 0.38% during the fiscal year 2019-20 ending on June 30, according to the NAC. These estimates are based on six to nine months provisional data projected for the whole year and adjusted for the impact of Covid-19 followed by the lockdown, it added.

The economic contraction coupled with currency devaluation has caused the size of the economy — in the US dollar terms — to slip to around $265.6 billion from $280 billion a year ago. At the end of the Pakistan Muslim League-Nawaz (PML-N) government’s term, the size of the GDP in dollar terms was $313 billion.

The GDP at the current market prices stands at Rs41.7 trillion for 2019-20. This shows a growth of 9.9% over Rs.37.9 trillion for 2018-19 due to double-digit inflation. The per capita income for 2019-20 has been calculated as Rs214,539 for 2019-20, showing a growth of 8.3% over Rs198,028 during 2018-19. However, in dollar terms, the per capita income has shrunk by 6.1% to $1,366.

The NAC also confirmed the 5.53% economic growth rate for the last year (2017-18) of the PML-N government. The growth came largely from the services sector, which was less job intensive.

Planning Secretary Zafar Hasan chaired the 102nd meeting of the NAC that endorsed the provisional economic growth rate figure on the basis of data received from the federal and provincial governments.

Riaz Haq said…
Overseas #remittances to #Pakistan increase 6% to $18.8 billion in 10 months (July-April), up by $980.6 million from $17.8 billion in the corresponding period a year earlier.


https://www.thenews.com.pk/print/657359-remittances-increase-6pc-to-18-8bln-in-july-april

In April, remittances amounted to $1.79 billion, recording a decrease of $104.4 million, or 5.5 percent, over remittance received during the previous month of March. There was a 1.1 percent increase in April from $1.77 billion in the corresponding month a year earlier.

The World Bank expected remittances to Pakistan to fall in the current fiscal year compared with $22.5 billion in the preceding fiscal year due to global economic crisis caused by the COVID-19 pandemic and oil fall.

The COVID-19 might cause a significant drop in remittances since all the four major countries – Saudi Arabia, UAE, US and UK – from where 80 percent of the total remittances are received reeled from the coronavirus lockdown. Alone Saudi Arabia and UAE account for 60 to 70 percent of remittances inflows in Pakistan. Oil producing economies are facing decade-worst oil price crash.

In April, larger amounts of workers’ remittances ($451.4 million) were received from Saudi Arabia, followed by USA ($401.9 million), UAE ($353.8 million) and UK ($226.6 million), recording an increase of 14 percent for USA, whereas a decrease of 0.2 percent, 15.8 percent and 8.8 percent for Saudi Arabia, UAE and UK respectively as compared to March, the SBP said.

Pakistani workers living in Saudi Arabia sent home $4.3 billion in July-April FY2020, compared with $4.1 billion in the corresponding period of FY2019. Remittance from the USA rose 21.3 percent to $3.282 billion in July-April period. Pakistan attracted $2.7 billion from the UK, compared with $2.7 billion last year. Remittances from the European Union countries rose 6 percent to $515.2 million. Remittances from UAE stood at $3.9 billion, compared with $3.7 billion last year. From gulf cooperation council countries, the inflows amounted to $1.7 billion, up 3.6 percent year-over-year.

Workers’ remittances showed a 4 percent year-on-year increase in the monthly average till January.

Remittances grew at a compounded annual rate of nearly nine percent during five years (2012/19), with inflows mainly coming from gulf cooperation council countries – 54 percent of total remittances in 2019 –, followed by the US (16pc), the UK (16pc) and Malaysia (7pc). Remittances have grown even more, in terms of local currency, because the rupee depreciated more than 40 percent over this period.
Riaz Haq said…
Goldman Sachs gives #India’s growth forecast a ‘gigantic downgrade’. GS revised its growth forecast and said India's #economy is expected to contract by 5% for the fiscal year that began in April and ends in March 2021. #Modi #Recession2020 #BJP #Hindutva https://www.cnbc.com/2020/05/22/coronavirus-goldman-sachs-on-india-growth-gdp-forecast.html?__source=sharebar|twitter&par=sharebar

Prachi Mishra, chief India economist at the investment bank, said two reasons factored in the forecast revision: the poor set of economic data released in March and April as well as the extended nationwide lockdown that is expected at least until end of May.

The extended period of lockdown in India due to the coronavirus outbreak is set to take a toll on the country’s growth outlook, according to investment bank Goldman Sachs.

The bank revised its growth prediction this week for the full fiscal year in India that began in April and will end in March 2021. Gross domestic product is expected to contract by 5% for the year, worsening from the bank’s earlier prediction of a negative 0.4% growth.

“This is a really gigantic downgrade,” Prachi Mishra, chief India economist at Goldman Sachs, told CNBC’s “Street Signs” on Friday. “A forecast of minus 5% for the year as a whole would be as deep as compared to the deepest recession India has witnessed since 1979.”

India’s first-quarter GDP data is expected next week and the outlook remains bleak among economists.

The South Asian country was already facing an economic slowdown before the virus outbreak pushed the government to impose a nationwide lockdown that began in late March and has subsequently been extended multiple times at least until the end of May. Economic activity grounded to a halt as a result, affecting millions of small businesses as well as large corporations, while millions of people lost their jobs.

India now has over 118,000 cases of infections and more than 3,500 people have died, according to the health ministry.
Riaz Haq said…
#Digital #Education: The Foundation Of #DigitalPakistan. Digitization of education and moving on to technological education must be the foundation of digital #Pakistan that is compatible with a #technology-led world. #literacy #distancelearning #Covid_19 https://academiamag.com/digital-education-the-foundation-of-digital-pakistan/

Pakistan’s oft lauded “strategic position” happens to see us situated in South Asia. Apart from the geopolitical advantage that some claim we inherit because of this location, there is precious little that the world’s most underdeveloped region has to offer. According to a well-researched study by Mahbub ul-Haq published in 1997, “South Asia is fast emerging as the poorest, most-illiterate, the most malnourished, the least gender-sensitive–indeed, the most deprived region in the world.” Over two decades later, much of that still rings true. If we were to just focus on one aspect of the aforementioned quote, as is the scope of this article, education alone hasn’t progressed at a rate one would expect it to. Currently, Pakistan has the world’s second-highest number of out-of-school children (OOSC), with an estimated 22.8 million children aged 5-16 not attending school.

That represents 44 percent of the total population in this age group. In the 5-9 age group, 5 million children are not enrolled in schools and after primary-school age, the number of OOSC doubles, with 11.4 million adolescents between the ages of 10-14 not receiving formal education. Disparities based on gender, socio-economic status, and geography are significant. In Sindh, 52 percent of the poorest children (58 percent girls) are out of school, and in Balochistan, 78 percent of girls are out of school, as reported by UNICEF.

Regional Benchmarks
With such a dismal background, it is extremely unsettling to note that these statistics only refer to basic education. The world has moved to digital and technological education and skill development, the likes of which the school children of our country have probably never even heard of. Furthermore, if we were to just look East, Bangladesh is one of the top four countries in terms of ‘improvement and remarkable growth’ in digital economy in the last four years, according to Huawei Global Connectivity Index (GCI) 2019. The GCI report was published by Huawei on digital development based on how ICT innovation and ICT applications can grow national economies, and a result of open research into the digital economy with top universities, think tanks, and industry associations.

Bangladesh has come a long way in literacy by efficiently responding to the Basic Literacy Project and by incorporating technology within the education sector. Bangladesh’s literacy rate has risen significantly in the past decade, estimated at 72.76%, according to the latest data from UNESCO Institute for Statistics (UIS). The rate is increasing as the present government is adopting multifaceted programs and it is one of the major reasons that UN Committee for Development Policy (CPD) has promoted Bangladesh to a ‘Developing Country’ status. To realize the plan for Digital Bangladesh, many institutions in the education sector have adopted information technology to engage the attention of students through visual representation of sounds, concepts and pictures alongside interactive activities.

With such an effective digital infrastructure already in place, Bangladesh was in a much better position to implement disaster management strategies to deal with COVID-19 outbreak with respect to education, a far cry from what has happened in Pakistan Online classes, remote and distant learning facilities were much easier to establish in Bangladesh. We, on the other hand, have just started to venture into the world that is digital education.

With the prime minister’s initiative of “Digital Pakistan” we seem to be on the right path, albeit a little too late. We must leverage all that we can from such a scheme for Pakistan to bridge the gap between where other nations stand and where we stand.
Riaz Haq said…
Amid #COVID19 #lockdown, #Pakistan’s #textile #exports plummet 65% in April 2020 to $404 million from exports of $1,138.35 million in the same month of 2019. #economy #trade https://tribune.com.pk/story/2226611/2-pakistans-textile-exports-plummet-65-april/

Textile enterprises have demanded that the government reopen all the textile industries along with the restoration of the zero-rated sales tax status as textile exports have been severely affected. In April 2020, textile exports declined 65% to $404 million against exports of $1,138.35 million in the same month of the previous year.

“This should set off alarm bells for the official quarters concerned,” remarked All Pakistan Textile Mills Association (Aptma) Punjab Zone Chairman Adil Bashir.

In the wake of a heavy fall in exports as well as domestic sales of textile products, Bashir demanded the restoration of the zero-rated status for the five major export-oriented sectors in order to give a boost to the textile industry in its endeavours to increase local production and exports, and save millions of jobs.
He urged the government to take serious measures to overcome the liquidity issues of the textile industry.

Sales of all major textile categories plummeted in April, with garments being the most affected. Cumulatively, textile exports dropped 3% year-on-year in the first 10 months of the current fiscal year to $10.82 billion, said JS Research analyst Ahmed Lakhani.

Some improvement is expected in May as shipping delays have been reduced. Moreover, buying countries were also gradually easing the lockdown, which should support demand recovery, he added. In the prevailing situation, it is pertinent to see what special incentives can be offered to the export-oriented sectors. On the other hand, “the risk remains that despite the incentives, a potentially severe second and third wave of Covid-19 can neutralise any impact from the government incentives,” commented the analyst.

The Aptma chairman said the trend of exports in April 2020 was very frightening as Pakistan’s annual shipments to EU countries and the US, exceeding $10 billion, were fraught with risks due to delay and cancellation of export orders after the coronavirus lockdown and liquidation or closure of many retail chains. Pakistan Cloth Merchants Association Secretary-General Arif Ismail urged the Sindh government to allow all textile and allied industries to resume operations and comply with the prescribed SOPs.

The Aptma chairman stressed that the textile industry was the backbone of the country with more than 60% of total exports and the largest employer with widespread employment for professionals, skilled and unskilled workers.

He said the zero-rated regime was introduced in 2005-06 with declared objectives of eliminating cash liquidity issues, wiping out refunds of billions of rupees stuck for long, avoiding unproductive waste of man-hours in chasing tax refunds and eliminating the additional cost borne on the filing and follow-up of refund claims.

Bashir stated that 17% of sales tax was imposed on the textile industry with effect from July 2019 with lofty claims of the Federal Board of Revenue (FBR) of processing refund claims within 72 hours through the newly developed FASTER software system.

FASTER still lacks basic provisions like Section 8B, eight-digit HS code, etc, which hampers the system.

He raised eyebrows over the working of FASTER system and stated that due to inherent weaknesses in the system a large number of taxpayers had not been able to even file Annex-H.
Riaz Haq said…
#TikTok’s Desi Version #MitronApp Popular in #India is a Copy of #Pakistan’s #TicTic App. Analysis of its source code reveals that #Mitron, which has ridden high on an anti-#China and anti-TikTok sentiment, was developed by a #Pakistani developer. https://www.thequint.com/tech-and-auto/mitron-app-indian-tik-tok-rebranded-from-pakistani-app-tictic-qboxus-anfroid-playstore


“Well, there is no problem with what the developer has done. He paid for it and got the script which is okay. But the problem is with people and Media referring to as Indian made app which is not the truth.”
Irfan Sheikh, Founder & CEO, QBoxus
fbtw
The Pakistani company has raised two specific issues:

The real author of the app to be acknowledged and credited instead of attributing Shivank Agarwal as the creator of the app.
The absence of any original modifications to the purchased code. “The worst thing is that the developer even didn't bother to fix bugs and issues in the app and directly uploaded it on Play Store, which is really a shame,” he added.
The Quint has reached out to Mitron App for comments on the claims made by QBoxus along with details the publication has found. The story will be updated once Mitron responds.

Identical Login Screen
The login screen for both apps shares an identical schema as well. Both can be seen using “action_login.xml”

TicTic Strings Left Behind in Mitron’s Code
Further, a ‘change_log’ file present in the decompiled Mitron source code contains the string “com.dinosoftlabs.tictic” – which is the package name of the TicTic application developed and released by QBoxus.

However, there are some minor differences to be noted in the User Interface (UI).

The splash screen which welcomes the user to the app differs visually across both. Further, Mitron does not currently allow users to log in via Facebook, whereas TicTic does.
fbtw
Apart from this, the application programming interface (API) for both applications are completely identical, which alone allows one to fully ascertain the claim that Mitron is indeed only a re-skinned iteration of TicTic.

TicTic’s Security Flaw Also In Mitron
Regardless, while re-skinned applications are not an entirely new phenomenon, they come with their own drawbacks.

For instance, a vulnerability that exists in the original codebase is likely to propagate to all other instances of the application and remain unfixed in each and every one of them.

This is also the case for TicTic and Mitron, as both applications share a common security flaw in the way through which the ‘follow account’ action is handled.
fbtw
The flaw can allow a malicious actor to force other users to follow any given account, simply by tampering with a few parameters on the ‘follow user’ request.


Mitron Has A Different Backend Though
Although it would be correct to state that both applications share the same code base, it should be clarified that this does not mean the same backend is shared among both applications.

The Mitron app’s server and API are located on shopkiller.in, whereas the TicTic application communicates with bringthings.com. This means that both user data as well as uploaded videos for Mitron are stored on a separate server (an Amazon Web Services S3 instance to be specific) in contrast to TicTic.

This particular application was able to blur the lines between an individually developed platform versus a generic rip-off.
fbtw
This is made evident by the number of people who have so far downloaded and installed the application (a number which is resting at 5 million at the time of publication).

In the context of Mitron, it’s meteoric rise in popularity can probably be attributed to it being touted as an “Indian version” of Tik Tok.
Riaz Haq said…
#Indian TikTok Clone Mitron’s Publisher Admits The App Is Actually Made In #Pakistan. #socialmedia #software #MobileApp https://inc42.com/buzz/indian-tiktok-clone-mitron-admits-the-app-is-actually-made-in-pakistan/ via @inc42

Mitron, which gained 5 Mn users within a month, claimed to be made in India

The application was created by Pakistan-based app developer Qboxus

Mitron's publisher had bought the source code for INR 2600 and rebranded it

In a surprising turn of events, Mitron, the TikTok-like short video app, which shot to fame for being made in India, has actually been developed in Pakistan. Mitron, which amassed over 5 Mn within a month, claimed to be an Indian-made app to garner downloads. But the publisher of the app, ShopKiller, admitted it is developed by Pakistan-based app development company Qboxus.

According to a report by News18, Qboxus sold the source code of the Mitron application for just $34 (INR 2600). Founder and chief executive of Qboxus Irfan Sheikh said that its customers are expected to use the code and build something on their own. “But Mitron’s developer has taken our exact product, changed the logo and uploaded it on their store,” he added. Such white label apps are routinely sold around the world to create apps quickly and earn revenue through ads.

Sheikh pointed out that there is no problem with buyer purchasing and using the code. But he finds the fact problematic that Indians are referring to Mitron as an Indian app, which is not true especially because they have not made any changes to the code, Sheikh added.

In the past, Qboxus had created clones for apps such as Instagram called Hashgram, a food delivery app called Foodies Single Restaurant and a TikTok clone called TicTic. In this case, Qboxus sold TicTic’s code to ShopKiller who rebranded it to Mitron.

While Mitron may not be Indian, the published of the app who uploaded it to the Google Play Store seems to be Indian. The identity of the buyer and the publisher of the application still remains unknown.

However, Inc42 accessed the details of ‘shopkiller.in’, the official website of Mitron’s publisher, and found that the buyer entered ‘Uttrakhand’ as the state while purchasing the domain from GoDaddy.

According to Sheikh, the source code was bought on CodeCanyon. Moreover, the buyer refused to host the data on servers owned by Qboxus. This means that Mitron’s publisher is using its own servers to host the application and user data. Inc42 found that the nameservers of the domain reflect that the website (shpokiller.in) is hosted by Amazon Web Services (AWS). However, it is not clear whether the owner is using the same server to host the Mitron application. But with no privacy policy, user policy and terms of use on the application, the application remains under the scrutiny of cybersecurity experts and privacy advocates.

Responding to News18, ShopKiller said that the company is working in stealth mode, and didn’t want people to know the team by their name. “I would have liked you to appreciate the fact that we are working hard on the app, and the reason for developing the app was just to give a ‘Make In India’ alternative to people,” the company added.

Mitron’s rise in India at a time when the central government is pushing for local products indicates that many Indian users are convinced by the pitch of a homegrown app, regardless of whether it is actually a superior product. At the same time, TikTok facing the wrath of Indian internet users after it got involved in two major controversies also helped its clone app to amass new users.
Riaz Haq said…
Economic Survey of Pakistan 2019-20


http://www.finance.gov.pk/survey/chapter_20/Executive_Summary.pdf


As the economy has been subjected to demand and supply shocks, the outgoing fiscal year
2020 has witnessed a contraction in economic activity. The provisional GDP growth rate for
FY2020 is estimated at negative 0.38 percent on the basis of 2.67, -2.64 and -0.59 percent
growth in agricultural, industrial and services sectors respectively. For FY2020, the negative
performance of both Industry and Services overshadowed the growth in the agriculture
sector.

------
Total public debt was recorded at Rs 35,207 billion at end March 2020 compared with
Rs 32,708 billion at end June 2019, registering an increase of Rs 2,499 billion during first
nine month of current fiscal year while Federal Government borrowing for financing of its
deficit was Rs 2,080 billion. This differential is mainly attributable to depreciation of Pak
Rupee, increase in cash balances of the Federal Government and difference between face
value (which is used for recording of debt) and the realized value (which is recorded as
budgetary receipt) of PIBs issued during the period.

-------------

During Jul-April FY2020, remittances increased to $ 18.8 billion as compared to $ 17.8
billion during same period last year, with a growth of 5.5 percent. During July-March
FY2020, current account deficit (CAD) reduced by 73.1 percent to US$ 2.8 billion (1.1
percent of GDP) against US$ 10.3 billion last year (3.7 percent of GDP). The significant
reduction in CAD reflected mainly the impact of macroeconomic stabilization measures
taken by the government.
Pakistan’s total liquid foreign exchange reserves increased to US$ 17.1 billion by end March
2020, up by US$ 2.6 billion over end-June 2019. The improvement in the Foreign Exchange
reserves led to 3.6 percent appreciation of Pak rupee against US dollar during Jul-February
FY2020.

-------------

Exports during July-April, 2019-20 remained $ 19.7 billion compared to $ 20.1 billion
during July-March, 2018-19, posting a decline of 2.4 percent. A sharp decline in REER due
to market based exchange rate and the government’s initiative to provide cheaper electricity
to the textile sector have enhanced the competitiveness of the Pakistani products in the
global market. The total imports during July-April FY2020 declined to $ 36.1 billion as
compared to $ 40.3 billion same period last year, thus registered a decline of 16.9 percent.
During Jul-April FY2020, remittances increased to $ 18.8 billion as compared to $ 17.8
billion during same period last year, with a growth of 5.5 percent. During July-March
FY2020, current account deficit (CAD) reduced by 73.1 percent to US$ 2.8 billion (1.1
percent of GDP) against US$ 10.3 billion last year (3.7 percent of GDP). The significant
reduction in CAD reflected mainly the impact of macroeconomic stabilization measures
taken by the government.
Riaz Haq said…
#Pakistan receives #PPE #export orders worth $100M. Orders include N95 #masks, gloves, goggles, face shields, gowns, shoes cover and bed sheets. Exports could top $500 million in the coming months as the #COVID19 #pandemic sweeps the world. #coronavirus http://v.aa.com.tr/1877892

Pakistan has bagged export orders worth $100 million for its domestically manufactured personal protective equipment (PPE), a government official said.

Fawad Chaudhry, the minister for science and technology, said many countries are interested in Pakistani equipment, and the figure could top $500 million in the coming months.

Pakistan’s Federal Cabinet earlier this month approved exports of PPE despite complaints by doctors and healthcare workers of shortages of protective gear including face masks, gloves, and overalls.

"Now we are producing masks including N95 masks, gloves, goggles or face shields, gowns, shoes cover and bed sheets for our hospitals, and even importing to other countries," Chaudhry told Anadolu Agency on Monday.

He said Pakistan also developed a coronavirus diagnostic kit, which has been approved by the Drug Regulatory Authority of Pakistan. "This is a big achievement," he said, adding that the kits are entirely domestically produced, which will "help cut our import bill."

So far, Pakistan has imported and received PPE and testing kits mostly from its Chinese allies.

"We are importing the kits from China at the moment but when the commercial production of our kits begins, we will not have to import," Chaudhry said, adding that the kits are low priced, which could bring the cost of virus tests to a one-third.

Chaudhry praised the efforts of experts at the National University of Sciences and Technology (NUST) Islamabad who developed the testing kits, saying he is proud of them.

"The kits developed by our experts are better than the imported kits, and have over 90% accuracy," he said.

Pakistan, the second worst-hit in South Asia, has registered a total of 144,478 virus cases, including 2,729 deaths and 53,721 recoveries.

Many lawmakers, including two former prime ministers, an opposition leader, and several state ministers, have contracted the virus, forcing them to self-quarantine.

The World Health Organization has called on the government to implement “intermittent” lockdowns to counter a surge in infections after relaxing restrictions in recent weeks.
Riaz Haq said…
#Asian Development Bank (#ADB) projects #Pakistan’s #economy to grow at 2% in the upcoming fiscal year 2020-21. It added #India’s #GDP was forecast to contract by 4.0% in fiscal year 2020, ending on March 31, 2021. #COVID19 #Lockdown #ImranKhan #Modi https://tribune.com.pk/story/2245558/2-pakistan-economy-grow-2-next-fiscal-year-adb/

The Asian Development Bank (ADB) has projected Pakistan’s economy would regain some pace and grow at 2% in the upcoming fiscal year 2020-21, after contracting by 0.4% in the outgoing fiscal year 2019-20 in the wake of Covid-19 pandemic.

The ADB said in a regular supplement to its annual flagship economic publication, the Asian Development Outlook (ADO) 2020 that inflation rate in Pakistan would remain at 11% as against the earlier projection of 11.5% in current fiscal year ending on June 30.

“Pakistan’s economy was on the path to recovery before Covid-19, and once the Covid-19 impact subsides, Pakistan will resume its efforts to address macroeconomic imbalances and initiate structural reform, likely holding economic growth to a projected 2.0% in FY2021,” the bank said.

“Inflation rate in Pakistan would remain at 11% as against the earlier projection of 11.5% in current fiscal year,” it said, adding that in next fiscal year, the inflation rate would remain 8% against the earlier projection of 8.3%.

The supplement said that South Asia’s economy, which had been hit hard by Covid-19, was forecast to contract by 3.0% in 2020, compared to 4.1% growth predicted in April. It added India’s was forecast to contract by 4.0% in fiscal year 2020, ending on March 31, 2021, before growing 5.0% in 2021.

The ADB said that the developing Asia overall would barely grow in 2020 as containment measures to address the coronavirus pandemic hampered economic activity and weakened external demand. It forecast growth of 0.1% for the region in 2020 – down from the 2.2% forecast in April.

The growth of 0.1% would be the slowest for the region since 1961. Excluding the newly-industrialised economies of Hong Kong, China; Republic of Korea; Singapore; and Taipei, China, developing Asia is forecast to grow 6.6% in 2021,” the supplement said.


“Economies in Asia and the Pacific will continue to feel the blow of the Covid-19 pandemic this year even as lockdowns are slowly eased and select economic activities restart in a ‘new normal’ scenario,” ADB Chief Economist Yasuyuki Sawada said in a statement.

“While we see a higher growth outlook for the region in 2021, this is mainly due to weak numbers this year, and this will not be a V-shaped recovery. Governments should undertake policy measures to reduce the negative impact of Covid-19 and ensure that no further waves of outbreaks occur.”
Riaz Haq said…
5G trials have begun in #Pakistan. In January 2020 the telecom regulator issued trial #5G licenses to Zong and Jazz. Ministry of Information #Technology is aiming to launch 5G services later in 2020. #Broadband #mobile https://www.globenewswire.com/news-release/2020/06/10/2046350/0/en/5G-trials-have-begun-in-Pakistan.html

Just released, this edition of Paul Budde Communication’s focus report on Pakistan outlines the major developments and key aspects in the telecoms markets.

Key Developments

Regulator postpones renewal of Telenor Pakistan’s GSM licence due to CPOVID-19 crisis,
Fixed line market predicted to decline further over the next five years to 2024;
Dominance of the mobile platform continues to hinder development of fixed-broadband segment;
Universal Service Fund (USF) and Ufone signa contract to provide broadband coverage for the Makran Coastal Highway;
MoIT aiming to launch 5G services later in 2020;
Report update includes operator data to Q1 2020, regulator’s market data for 2019, Telecom Iaturity Index charts and analyses, assessment of the global impact of COVID-19 on the telecoms sector.
Key companies mentioned in this report:

Pakistan Telecommunication (PTCL); Ufone (PTML, PTCL’s subsidiary); Telenor Pakistan; Warid Telecom; Zong; WorldCall; TeleCard; PakNet; Wateen Telecom (subsidiary of Warid Telecom); Mobilink; NayaTel; Wi-Tribe; National Telecommunications (NTC), Instaphone
Riaz Haq said…
#Pakistan #trade deficit contracts 27% to $23.2 billion in FY20 from $31.8 billion in the preceding fiscal year, Pakistan Bureau of Statistics (PBS) said on Friday.: PBS - Profit by Pakistan Today https://profit.pakistantoday.com.pk/2020/07/03/trade-deficit-contracts-27pc-to-23-2bn-in-fy20-pbs/#.XwCoM-vg3Io.twitter

Pakistan’s trade deficit narrowed by 27 per cent to $23.18 billion in the fiscal year 2019-20, as against the deficit of $31.8 billion in the preceding fiscal year, Pakistan Bureau of Statistics (PBS) said on Friday.

The country’s import bill declined significantly by 18.61pc to $44.57 billion during July–June 2019-20, as compared to $54.76 billion in the same period of the preceding year.

Exports from the country also fell by 6.84pc to $21.38 billion in the fiscal year 2019-20 as compared with $22.95 billion in the preceding fiscal year.

The fall in import bill and export receipts may be attributed to Covid-19, which adversely affected international trade. Moreover, declining oil prices also played a key role in reducing the import bill.
Riaz Haq said…
South Korea’s Eximbank plans to finance Pakistan’s large-scale IT project. #Korea to offer a $76 million-plus loan to #Pakistan for IT-related projects including electronic intelligence. #tech #informationtechnology

http://www.koreaherald.com/view.php?ud=20200707000143

South Korea’s state-run policy lender Export-Import Bank of Korea plans to offer a $76 million-plus loan to Pakistan for IT-related projects including electronic intelligence, a top official told The Korea Herald on Monday.

Eximbank established the Economic Development Cooperation Fund in 1987 to support industrialization and economic growth in developing countries as well as promote bilateral economic exchanges.

“The size of the loan and project is expected to be larger than the IT Park construction project in 2017,” said the official, who requested anonymity.

The project is aimed to support Pakistan’s small-and medium-sized IT firms and bolster technology cooperation between South Korea and the South Asian country.

“But there have been discussions about expanding IT cooperation between the two countries beyond infrastructure, which led to the project taking shape,” the official added.

The project is still in its early stages due to the coronavirus pandemic, the official stressed. Key details, such as the master plan and the exact size of the loan are yet to be discussed.

Eximbank is also planning to delay debt repayment of seven loans extended to Pakistan via EDCF that face maturity this year -- there are a total of 13 of such loans extended to the country so far.

This is in line with the government’s decision, announced in April, to provide more than $400 million to developing countries for virus-related programs and delay repayment of debt from 27 developing nations.

“The debt repayment issue is being discussed via the Paris Club,” the official explained, pointing to a group of major creditor nations who seek to find solutions for payment problems that debtor economies face.
Riaz Haq said…
#Pakistan’s forex reserves rise 65% to $12 billion in FY 2019-20, up from $7.3 billion in prior year, mainly due to inflows of $6 billion #IMF bailout, $725 million from #WorldBank, $500 million from #ADB, $500 million from #AIIB & $1 billion from #China. https://www.samaa.tv/money/2020/07/pakistans-dollar-reserves-up-by-65/

Pakistan borrowed $1 billion as GOP loan disbursement from China and returned $231 million or 23% of that amount to repay foreign debt in the week ending July 3. After adjusting that amount, the country’s net dollar reserves increased by $811 million last week.

The increase in dollar reserves in fiscal year 2019-20 can be attributed to dollar inflows caused by the signing of a $6 billion bailout with the International Monetary Fund. This includes $725 million from the World Bank, $500 million from the Asian Development Bank, $500 million from Asian Infrastructure Investment Bank and $1 billion from Chinese banks.

The IMF programme opened more doors for Pakistan as the World Bank, ADB and AIIB also pledged support. According to the IMF, the programme was supposed to unlock funding of $38 billion from multilateral donors.

Pakistan’s depleting dollar reserves were one of the main challenges for the Pakistan Tehreek-e-Insaf, when it came into power in August 2018. Within its first six months, the PTI government saw the dollar reserves falling to $6 billion, barely enough to pay for two months of imports. To tackle this challenge, PM Khan’s government signed the $6 billion bailout with the IMF.

The dollar reserves doubled from its lowest point in 2018 to 12 billion this year. The dollar account turned to a surplus in October 2019. However, going to the IMF comes at a cost and steps were taken to choke the economic growth, such as reduction in imports, rupee depreciation and increase in interest rates that made the borrowing expensive.

In the first nine months of the last fiscal year, the loss in our dollar account was reduced by 73% and we were again in surplus in May.
Riaz Haq said…
#Pakistan’s #InfoTech #exports have been growing by double digits annually for a decade. #computers #software #technology #services

https://twitter.com/haqsmusings/status/1282179959205752833?s=20
Riaz Haq said…
#ImranKhan to set up Special #Technology Zones (STZs) for #IT industry in #Pakistan with land in major cities with specialised infrastructure, like plug & play buildings, for IT companies. low rents, low sales & withholding tax.- Profit by Pakistan Today

https://profit.pakistantoday.com.pk/2020/08/28/pm-khan-keen-to-set-up-special-technology-zones-for-it-industry/

Prime Minister Imran Khan has shown keen interest in setting up Special Technology Zones (STZs) for the IT industry to support its growth and improve ease of doing business.

He expressed support for the idea in a meeting with a delegation from Pakistan Software Houses Association (P@SHA) and other representatives of the industry on Thursday. The prime minister resonated with the industry, telling the delegation he saw a lot of potential and growth in the IT sector.

The meeting was was also attended by Minister for Information Technology, Syed Aminul Haq, Minister for Information, Senator Shibli Faraz, Minister for Industries, Muhammad Hammad Azhar, Advisers Dr Abdul Hafeez Sheikh, Dr Ishrat Hussain, Abdul Razzak Dawood, Special Assistant Dr Shahbaz Gill, federal secretaries, Chairman FBR, Governor State Bank of Pakistan (SBP) and representatives of various companies belonging to the IT sector.

“The IT industry demanded Special Technology Zones (STZs) to provide opportunities for medium and small scale IT enterprises to have less infrastructure cost and overheads to enable them to do their business and earn exports and remittances for the country,” a source told Profit, elaborating the context of the meeting.

Though the proposal made headway earlier and reached the Planning Commission, the budget for it was never approved. The stakeholders are now hopeful that PM Khan has shown a lot of interest in it and he has directed that the details be shared with him and he wants to see it happen.

“PM Khan is himself very interested in seeing this succeed and he will issue instructions and the Planning Commission would have to find ways to get it through now,” said another source.

Two years ago, P@SHA, the official body that represents the IT industry, had recommended the federal government set up IT Clusters, known STZs. The concept was to emulate Special Economic Zones (SEZs) for other industries, but with certain incentives specific for the IT industry to promote its growth. The proposal was presented during the tenure of Pakistan Muslim League Nawaz (PML-N) government when Anoushay Rahman was the IT Minister.

STZs were P@SHA’s top most recommendation. All the countries that currently excel in IT have STZs like in Singapore, Philippines etc. India, for instance, has over 100 STZs.

In a clustered environment for the IT industry, P@SHA had recommended dedicating clusters of land in major cities with specialised infrastructure, like plug and play buildings, for IT companies. STZs have low land rental, less sales and withholding tax, less utility bill charges, which are all incentives to bring investors and incentives that are necessary for small IT companies to thrive in a low cost environment.

“IT companies get projects that require plug and play and power backups. This is the sort of infrastructure that is necessary for its growth. High rise technology parks do not work it for the IT industry because these buildings have high rentals which increases cost of doing business,” a representative from P@SHA told Profit.

The IT industry has also been pushing to keep FBR in check, with their undue notices to IT companies that increases cost of doing business because businesses are required to respond to these notices that incurs untimely costs. That is also an issue that the industry stakeholders believe could be solved with setting up of STZs with one-window operations, which reduces the cost of doing business.
Riaz Haq said…
Pakistan earned $ 286 million by providing different information technology (IT) services in various countries during the first two months of fiscal year 2020-21. This shows growth of 35.58 per cent when compared to $210.940 million earned through provision of services during the corresponding period of last fiscal year 2019-20, Pakistan Bureau of Statistics (PBS) reported.

https://nation.com.pk/26-Oct-2020/pakistan-earns-dollar-286m-from-it-services-export

During the period under review, the computer services grew by 37.27 per cent as it surged from $162.300 million last year to $222.790 million during July-August (2020-21). Among the computer services, the exports of software consultancy services witnessed increase of 16.10 per cent, from $62.468 million to $72.526 million while the export of hardware consultancy services however witnessed decrease of 76.01 per cent, from $0.321 million to $0.077 million.

The export of repair and maintenance services also decline by 86.27 per cent from $0.517 million to $0.071 million whereas the export and imports of computer software services witnessed increase of 13.86 per cent, from $49.854 million to $56.762 million. In addition the exports of other computer services rose by 89.98 per cent from $49.140 million to $93.354 million. Meanwhile, the export of information services during the period under review increased by 65.52 per cent by going up from $ 0.290 million to $ 0.480m.

Armenian PM claims existence of proof that Syrian Mercenaries fight in Karabakh
Among the information services, the exports of news agency services also increased by 133 per cent, from $0.100 million to $0.233 million whereas the exports of other information services rose by 30 per cent, from $0.190 million to $ 0.247 million. The export of telecommunication services increased by 29.74 per cent as these went up from $48.350 million to $62.730 million, the data revealed.

Among the telecommunication services, the export of call centres services increased by 23.19 per cent during the period as its exports increased from $16.148 million to $19.892 million whereas the export of other telecommunication services also increased by 33.03 per cent, from $32.202 million to $42.838 million during last year, the PBS data revealed.

It is pertinent to mention here that the country’s services trade deficit contracted by 50.41 per cent during the first two months of the current financial year (2019-20) as compared to the corresponding period of last year.

Greater Game Plan: Murad exposes opposition parties’ nexus with anti-Pakistan lobby
During the period from July-August 2020-21, services exports decreased by 14.26 per cent, whereas imports reduced by 32.81 per cent, according the data released by Pakistan Bureau of Statistics. The services worth $758 million exported during the period under review as compared the exports of $884.14 million in same period of last year, whereas imports of services into the country was recorded at $1220.12 million as against the imports of $1815.91 million, the data revealed.
Riaz Haq said…
The Information Telecommunication (IT) and IT-enabled Services (ITeS) export remittances comprising computer, and call center services, surged to $379.251 million at a growth rate of 43.55 percent during the first quarter (July-Sep) of FY 2020-2021 compared to $264.187 million during the same period of 2019-2020.

https://www.brecorder.com/news/40028343



This has been revealed in the latest performance report of the Pakistan Software Export Board (PSEB), an organisation functioning under the Ministry of IT and Telecommunication.

It stated that the Ministry of IT was taking all possible steps to ensure sustainable growth of Pakistan's IT industry and to ensure close coordination with the IT industry and associated stakeholders.

The generous incentives from the government and various projects to enhance capacity and capability of the IT industry have resulted in strong industry growth rates.

On the direction of Federal Minister for IT and Telecommunication Syed Aminul Haque, the Ministry of IT and Telecom is committed to increasing the IT exports, and making special efforts in this regard.

Incentives to the industry include zero income tax on IT and ITeS exports till June 2025, tax breaks for the PSEB-registered IT start-ups for three years, up to 100 percent foreign ownership of IT and ITeS companies, up to 100 percent repatriation of profits for foreign IT and ITeS investors, tax holiday for venture capital funds till 2024, among other incentives.

Spokesperson of the ministry told Business Recorder that more than 6,000 Pakistan-based IT companies were providing IT products and services to the entities in over 100 countries.

Strong incentives are being provided to the IT industry, and there are several projects intended to facilitate and assist the IT industry in its growth trajectory, and to ensure continued upward momentum in local and export earnings.

Pakistan was ranked the 3rd most popular country for freelancing in the world, and Pakistani IT companies are providing products and services to the world's largest companies.

The IT and IT enabled Services (ITeS) export remittances comprising computer services and call center services have surged to $379.251 million at a growth rate of 43.55 percent during the first three months (July-September) of 2020-2021, in comparison to $264.187 million during the same period during 2019-2020.

The ITeS export remittances surged by 23.71 percent to $1.230 billion in the fiscal year 2019-2020 compared to $994.848 million during the same period last year (2018-2019).

The government has set a target of $5 billion for export remittances through information technology and IT-enabled services during the next three years.

Federal Minister for IT and Telecommunication Syed Aminul Haque said that the government was taking all possible steps to ensure long-term IT industry growth trajectory and to enhance IT industry exports.

He also lauded the IT sector for its contributions to Pakistan, saying that Pakistan's IT industry had reached an important milestone in its journey, and it had the potential to be the largest foreign exchange earner for Pakistan.
Riaz Haq said…
A Mitchell
@aem76us
@haqsmusings

Grants of up to PKR 20M on offer from USAID for Pakistani companies seeking to export to US and to receive FDI.

https://twitter.com/aem76us/status/1551637213628227584?s=20&t=aZgF5hwIh3kjeILls-M-pw
Riaz Haq said…
Coursera celebrates AI Appreciation Day


https://www.zawya.com/en/press-release/companies-news/coursera-celebrates-ai-appreciation-day-pdrcydqf

Learners in emerging markets, including India, Egypt, Pakistan, and Brazil, make up more than half (52%) of GenAI enrollments on Coursera as the learning platform is bridging the opportunity gap by expanding AI-powered translations to include more than 4,600 courses and 55 Professional Certificates in up to 21 popular languages, including Arabic, Hindi, and Spanish.

----------------------
HEC Pakistan success story | Coursera


https://www.coursera.org/enterprise/resources/casestudy/hec

Paving the way for Pakistan’s digital knowledge economy

Through a successful and transformative partnership with Coursera, HEC has ushered in a wave of impactful education, breaking barriers and shaping the educational landscape in Pakistan.

Access to quality education:

200+ universities gained access to Coursera’s library of courses, including COMSATS University Islamabad and University of Central Punjab.

Over 267,000+ courses completed with students logging over 1.4 million learning hours.

More than 45,000 learners achieved deep-skills specialized certifications from internationally recognized institutions, the most popular specializations being Communication, Data Analysis, and Leadership and Management.

Enhanced teaching through curriculum integration:

Faculty enhanced their curriculum by integrating Coursera content into projects and materials.

Students applied their newfound expertise, translating it into freelancing opportunities.

Profound learner satisfaction:

HEC conducted a learner survey which garnered 10,000 responses:

96% of respondents credited Coursera for enriching skills development, with steep trajectories in digital literacy.

99% expressed a desire to continue expanding their learning.

Over 60% received tangible career incentives, such as recognition or advancements, through Coursera courses.

“We’ve encountered our top Coursera learners leveraging their skills for success,” Tanveer continues. HEC’s survey encapsulates this notion, with 47% of freelancers saying Coursera courses helped to increase their earnings. “These individuals, based in Pakistan, capitalize on learned skills, securing freelancing opportunities and projects, earning in US dollars due to their global online presence.” Maqadas Manzoor, a learner who benefitted from HEC’s support, attests to Coursera’s positive influence on his freelance career. “Enrolling in Coursera has been a transformative experience for me. I enrolled in IBM’s full stack cloud computing course and got my certificate, which gained me valuable knowledge. I have since acquired projects from a cloud computing and web application services company.” This partnership between HEC and Coursera helped introduce flexible, specialized online education tailored to Pakistan’s needs, bringing world-class learning within reach across demographics. As Dr. Jamil, Member IT at HEC, attests, “Our initiative with Coursera ensures that Pakistani youth gain industry-ready skills affordably and at scale. The positive response from students indicates that we are on track to achieve HEC’s goals.” HEC credits Coursera for enabling it to deliver meaningful change on a national scale – one learner at a time.

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