US Census: Pakistani-Americans Are Young, Well-educated and Prosperous

Over half a million Pakistani-Americans constitute the 7th largest Asian ethnic group in the United States. Pakistani-Americans are young, well-educated and prosperous. Median age for Pakistani-Americans is 31.7 years. 60% have at least a bachelor's degree. Their median household income is $87,510 a year.  The graph below shows that immigration into the United States significantly slowed down in Trump years.  Still, the remittances from Pakistani-Americans have jumped 58% to $2.75 billion in the current fiscal year.  

Pakistani-American Population Growth. Source: Pew Research


About 36% are US-born while the rest are foreign-born. Just under 80% are US citizens, both native and naturalized. Here are the key takeaways from US Census data recently published by USA Facts:

1. Median age of Pakistani-Americans is 31.7 years, below the 37.9 years for Asian-Americans and 38.5 for overall population. Median age is 34.8 for Indian-Americans and 32.7 for Bangladeshi-Americans. 

Median Age of Asian-Americans. Source: USA Facts

2. Median income of Pakistani-American households is $87.51K, below $97.3K for Asian-Americans but significantly higher than $65.71K for overall population. Median income for Indian-American households $126.7K, the highest in the nation. 

Median Income of Asian-Americans. Source: USA Facts


3. Sixty percent of Pakistani-Americans have at least a bachelor's degree, the second highest percentage among Asian ethnic groups. Indians are the best educated group with 76% having at least a bachelor's degree. The average for Asian-Americans with at least a bachelor's degree is 56%. 

Education Level of Asian-Americans. Source: USA Facts


4. About 36% of Pakistani-Americans are US-born while the rest are foreign-born. By comparison, 29.1% of Indian-Americans and 34.3% of Asian-Americans are native-born and the rest foreign-born. 


Citizenship Status of Asian-Americans. Source: USA Facts

There are 18.6 million Asian Americans living in the US, making up 6% of the US population, according to the latest available census data. The data shows that, on average, Asian Americans are younger, more likely to be born abroad, and live in households with higher income than the average American.

Here's a video clip of CNN analyst Van Jones talking about Pakistani-Americans:

https://www.youtube.com/watch?v=gr5cLv8Dj2I





Related Links:

Haq's Musings

South Asia Investor Review

Hindus and Muslim Well-educated in America But Least Educated Worldwide

What's Driving Islamophobia in America?

Pakistani-Americans Largest Foreign-Born Muslim Group in Silicon Valley

The Trump Phenomenon

Islamophobia in America

Silicon Valley Pakistani-Americans

Pakistani-American Leads Silicon Valley's Top Incubator

Silicon Valley Pakistanis Enabling 2nd Machine Revolution

Karachi-born Triple Oscar Winning Graphics Artist

Pakistani-American Ashar Aziz's Fire-eye Goes Public

Two Pakistani-American Silicon Valley Techs Among Top 5 VC Deals

Pakistani-American's Game-Changing Vision 

Minorities Are Majority in Silicon Valley 


Comments

Ram said…
Does not surprise me, but may to many who heard how smart the Chinese are, see in reality how poorly they do in countries outside of China. They can't fudge the IQ numbers in the real free world.
Riaz Haq said…
Ram: "Does not surprise me, but may to many who heard how smart the Chinese are, see in reality how poorly they do in countries outside of China. They can't fudge the IQ numbers in the real free world"


China's best and the brightest stay at home. There's a lot of opportunity for them in China.

individuals like Nadella and Pichai obtained their graduate training and management expertise at top universities and firms in the United States, not in India. In other words, the success of Indian-born CEOs in America is as much about what’s right with America — or at least what used to be right before immigration became more restricted after 9/11 — as what’s right with India.


https://foreignpolicy.com/2015/08/18/why-are-so-many-of-the-worlds-best-companies-run-by-indians-google-sundar-pichai/



...part of the reason why you’ll see far fewer Chinese than Indians, not only as chief executives but also in the upper management tiers of large Western multinationals, is far from a positive for India. Rather, it speaks to the relative strength of the Chinese economy and areas where India continues to lag behind.



For example, large Chinese firms pay salaries to upper management that are roughly the same as or only somewhat less generous than those for similar positions in the United States, whereas Indian salaries, converted at the actual exchange rate rather than at the purchasing power of the Indian rupee, still lag behind. According to a 2014 survey by consulting firm Towers Watson, pay for top executives in China was on average more than double that in India when converted into dollars.



Also, perhaps surprisingly, despite concerns about pollution in China (though India’s is comparable, if not worse), China wins hands down as a favored destination for expats. In a 2013 survey by HSBC, China ranked No. 1 overall out of a total of 37 countries as a preferred expat destination.



In fact, firms in India seem to have little desire to tap the global labor market for top managers. Large Indian firms remain heavily dominated by local chief executives, often family members of the firm’s original management. Indian business even at the highest level — and among companies that are heavily globalized — remains largely autarkic and inward-looking. And there is good reason for this, though it does not necessarily speak well of the Indian economy.



A few years back, when Ratan Tata, head of the Tata conglomerate, stepped down after a protracted search for a replacement, his successor ended up being not a foreigner, as some had speculated, but Cyrus Mistry, a consummate insider and member of the extended Tata clan. If even the most cosmopolitan of Indian multinationals thought it wise to stick with a member of the family, rather than pick a star chief executive from abroad, then specific local knowledge and networks — including connections to powerful bureaucrats and government ministers — must remain hugely important at the top levels of Indian management. In this respect, India is much more similar to Japan or China than to the United States or United Kingdom.



So before Indians pat themselves on the back for exporting star chief executives, they might want to consider how this reflects the country’s failures. How can India produce a business environment that nurtures and provides incentives and opportunities to high-performing individuals like Nadella or Pichai, leveling the playing field with Western multinationals? And second, how can India foster a more competitive and innovative environment, one that produces new companies like Microsoft and Google?



While Indians bask in the reflected glory, the real winners are Indian-Americans. They’ll see role models they can emulate without worrying about a glass ceiling — a very American success story after all. And Indian Prime Minister Narendra Modi would do well to reflect on this as he prepares for a visit to Silicon Valley next month.
Riaz Haq said…
Jewish outreach to the Indian diaspora in the United States | The Jewish People Policy Institute


http://jppi.org.il/en/article/india/toc/chapters/triangle/english-jewish-outreach-to-the-indian-diaspora-in-the-united-states/

The formation of strong political ties between the Jewish and Indian leaderships and communities in the United States
In the last two decades, American Jewish groups have been very active in cultivating strong political links between the Jewish and Indian leaderships in the U.S., and between the Indian, American, and Israeli leaderships. Senior representatives of AIPAC and of the American Jewish Committee (AJC), among others, visit New Delhi on a regular basis and bring frequent delegations of Indian policy makers, think tank members, and journalists to the United States and Israel to discuss issues of common concern. In addition, the AJC has been at the forefront of endeavors to build bridges between Indian Americans and Jewish Americans. It has carried out a series of initiatives on the national and regional levels to expand dialogue and mutual understanding with the Indian community, as it has done in the past with the Latino and African American communities. It has also endeavored to forge business links between Indian Americans and Jews. In addition, AJC sponsored and participated in the interfaith dialogue of Jewish and Hindu leaders, and it coordinated several delegations of Indian Muslim leaders to Israel (more about this later).

American Jewish lobbies as models and partners of Indian lobbies in the United States
As Indian Americans recognized the success of American Jewish organizations in the political and other arenas, they began to look to these organizations as models and partners, and Jewish organizations were happy to respond. American Jewish lobbies have actively supported and contributed to the formation and success of Indian lobbies and have often served as organizational and developmental models. The Congressional India Caucus, now the largest caucus in Congress, the U.S. India Political Action Committee (USINPAC), the first and leading Indian lobbying group in the United States, and the Hindu American Foundation were all founded with the close support and encouragement of AJC and/or AIPAC. USINPAC continues to rely on many of the same methods and tactics used by AIPAC when lobbying Congress – including, for instance, letter writing campaigns and donations to targeted Congressional candidates. The Hindu American Foundation is also looking to ADL and the Simon Wiesenthal Center for guidance in advocacy and lobbying. Emulating the Simon Wiesenthal Center’s work against anti-Semitic hate speech, the Hindu American Foundation released its own report in 2007 about online hatred and bigotry against Hindus.60 It also runs an internship program giving Hindu university students the opportunity to take their first steps as Congressional lobbyists in defense of Hinduism and global Hindu challenges. Other organizations, such as the American Association of Physicians of Indian Origin (AAPI) have benefited from AJC and AIPAC support. In addition, the Indian community has emulated Jewish organizations at the grassroots level. India Community Centers, like Jewish Community Centers, offer a large number of educational, cultural, identity-building, and recreational programs to Indian communities.
Riaz Haq said…
India's record-breaking diaspora in numbers

https://www.weforum.org/agenda/2019/09/india-has-the-world-s-biggest-diaspora-here-s-where-its-emigrants-live/

When Indian Prime Minister Narendra Modi visits the United States, he is among compatriots – 4.4 million of them.

India has the largest diaspora in the world, with around 18 million of its citizens living in other countries. The US is their top destination: in 2017, people of Indian descent made up 1.3% of the American population, and they are the most successful immigrants in the country.

As economist Nirvikar Singh says in an interview with the University of California Santa Cruz, “Indian entrepreneurship is a very important engine of economic growth." The co-author of a book on the Indian diaspora in the US notes that 8% of the founders of high-tech companies are Indian. With Sundar Pichai running Google and Satya Nadella the CEO of Microsoft, Indians play a prominent role in some of America’s biggest tech firms.

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Despite a sizeable outflow, India is still home to 1.39 billion people – and by 2027, it’s set to overtake China as the world’s most populous country. While there has been progress in reducing extreme poverty levels, there are still 176 million people living in poverty in India, and money remitted by expatriates is an important part of economic development and growth. In 2018, Indians abroad sent back $80 billion, making the country the leading recipient of funds from overseas.


According to the Reserve Bank of India, inward remittances helped to finance 43% of the country’s trade deficit in 2017-18. They also help to meet the needs of the poor by covering the cost of daily living expenses and allowing people to invest in business and education.

Riaz Haq said…
Indian-American households have the single highest income level of any group in the country — more than twice as high as the general US population.


https://www8.gsb.columbia.edu/articles/chazen-global-insights/singular-population-indian-immigrants-america

Devesh Kapur discussed the numbers and reason behind the Indian-American distinctions in a 2017 guest lecture presented by the Deepak and Neera Raj Center on Indian Economic Policies at Columbia University. “How did the population of one of the world’s poorest countries become the richest group in the United States?” he asked rhetoricall

A professor of political science at the University of Pennsylvania and co-author of The Other One Percent: Indians in America (Oxford University Press, 2017), Kapur said: “What we learned in researching this book is that Indians in America did not resemble any other population anywhere; not the Indian population in India, nor the native population in the United States, nor any other immigrant group from any other nation.”

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In each wave, the India-born immigrants benefited from “a triple selection” process that gave them a boost over typically poor and uneducated immigrants who come to the United States from other countries. The first two selections took place in India. As explained in the book: “The social system created a small pool of persons to receive higher education, who were urban, educated, and from high/dominant castes.” India’s examination system then selected individuals for specialized training in technical fields that also happened to be in demand in the United States. Kapur estimated that the India-American population is nine times more educated than individuals in the home country.


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Arriving with jobs and steady sources of income, Indians skipped the “ghetto stage” common to most immigrant stories, when newcomers settle in urban enclaves with other home-country refugees. Instead, the India-influx located close to their jobs, living in middle-class or pricier neighborhoods in techy communities, such as the New York-New-Jersey area, Chicago and Washington, D.C. suburbs, and the outskirts of San Francisco and Dallas. Almost without exception, they started families and primed their children to receive similar levels of educational achievement.

Selected for Success
In each wave, the India-born immigrants benefited from “a triple selection” process that gave them a boost over typically poor and uneducated immigrants who come to the United States from other countries. The first two selections took place in India. As explained in the book: “The social system created a small pool of persons to receive higher education, who were urban, educated, and from high/dominant castes.” India’s examination system then selected individuals for specialized training in technical fields that also happened to be in demand in the United States. Kapur estimated that the India-American population is nine times more educated than individuals in the home country.
Riaz Haq said…
Hindus and Muslims Well Educated in US But Least Educated Worldwide

Are immigrants in the United States or United Kingdom or any other host country truly representative samples of the populations in their places of origin? Are American Hindu or Muslim demographics comparable to those of the countries they left? A recent report done by Pew Research answers these questions with substantial amount of data on educational attainment.

Global Hindus and Muslims:

Hindus are the best educated religious group in the United States. They are followed by Jews in the second place and Muslims at number 3, according to Pew Research. However, both Hindus and Muslims are at the bottom in terms of educational attainment measured across the globe. 41% of Hindus and 36% of Muslims have had no formal schooling. Hindus have the widest gender gap in education among all religions in the world with Hindu women trailing Hindu men by 2.7 years.

US Educational Attainment By Religion:

American Hindus are the most highly educated with 96% of them having college degrees, according to Pew Research.  75% of Jews and 54% of American Muslims have college degrees versus the US national average of 39% for all Americans.  American Christians trail all other groups with just 36% of them having college degrees.  96% of Hindus and 80% of Muslims in the U.S. are either immigrants or the children of immigrants.


http://www.riazhaq.com/2016/12/hindus-and-muslims-well-educated-in-us.html
Riaz Haq said…
#Google Executives See Cracks in Company Success. Many are worried that #tech giant is suffering from its #Indian-#American CEO Sundar Pichai's leadership style. His slow deliberations feel like a way to play it safe and arrive at a “no.” #SiliconValley https://www.nytimes.com/2021/06/21/technology/sundar-pichai-google.html?smid=tw-share

The executives, some of whom regularly interacted with Mr. Pichai, said Google did not move quickly on key business and personnel moves because he chewed over decisions and delayed action. They said that Google continued to be rocked by workplace culture fights, and that Mr. Pichai’s attempts to lower the temperature had the opposite effect — allowing problems to fester while avoiding tough and sometimes unpopular positions.

A Google spokesman said internal surveys about Mr. Pichai’s leadership were positive. The company declined to make Mr. Pichai, 49, available for comment, but it arranged interviews with nine current and former executives to offer a different perspective on his leadership.

“Would I be happier if he made decisions faster? Yes,” said Caesar Sengupta, a former vice president who worked closely with Mr. Pichai during his 15 years at Google. He left in March. “But am I happy that he gets nearly all of his decisions right? Yes.”

Google is facing a perilous moment. It is fighting regulatory challenges at home and abroad. Politicians on the left and the right are united in their mistrust of the company, making Mr. Pichai a fixture at congressional hearings. Even his critics say he has so far managed to navigate those hearings without ruffling the feathers of lawmakers or providing more ammunition to his company’s foes.

The Google executives complaining about Mr. Pichai’s leadership acknowledge that, and say he is a thoughtful and caring leader. They say Google is more disciplined and organized these days — a bigger, more professionally run company than the one Mr. Pichai inherited six years ago.

During his time leading Google, it has doubled its work force to about 140,000 people, and Alphabet has tripled in value. It is not unusual for a company that has grown so large to appear sluggish or unwilling to risk what has made it so wealthy. Mr. Pichai has taken some steps to counter that. In 2019, for example, he reorganized Google and created new decision-making bodies so fewer decisions needed his signoff.

Yet Google, which was founded in 1998, is dogged by the perception that its best days are behind it. In Silicon Valley, where recruiting and retaining talent serve as a referendum on a company’s prospects, executives at other tech companies said it had never been easier to persuade a Google executive to forgo a stable, seven-figure salary for an opportunity elsewhere.

Mr. Pichai, a former McKinsey consultant, joined Google in 2004 and quickly demonstrated a knack for navigating a company teeming with big egos and sharp elbows.

In 2015, when Google became part of Alphabet, Mr. Pichai took over as Google’s chief executive. He was promoted again to oversee the parent company as well when Larry Page, a Google co-founder, stepped down as Alphabet’s boss four years later.
Riaz Haq said…
Amna Nawaz, Pakistani-American journalist bags big achievement in USA
As a win for the Pakistani community in America, Ms. Amna Nawaz has been named the chief correspondent for one of USA’s widely watched and respected news shows, PBS NewsHour.

https://www.globalvillagespace.com/amna-nawaz-pakistani-american-journalist-bags-big-achievement-in-usa/


Pakistani-American journalist Amna Nawaz has been named the chief correspondent for one of USA’s widely watched and respected news shows, PBS NewsHour.

Earlier she served as the national correspondent, now in her new role she will also serve as the White House Correspondent. Amna Nawaz joined the channel as a correspondent and has since co-moderated PBS NewsHour’s Democratic Primary Debate with Politico in December 2019. She is also the first Asian American and Muslim American to moderate a presidential debate.

In addition to her new roles, Nawaz will co-anchor and anchor some prime time and other special coverage. Before joining NewsHour, Amna Nawaz had worked for ABC News, anchoring breaking news coverage and leading the network’s digital coverage of the 2016 elections.

Amna is the daughter of Shuja Nawaz, a former Pakistan Television (PTV) journalist and currently a Distinguished Fellow, South Asia Center, at Atlantic Council, a Washington-based think-tank. Before that, she served as a foreign correspondent at NBC News, reporting from Pakistan, Afghanistan, Syria, Turkey, and the broader region.

Asked about the effect of her being an Asian American woman on her career, Ms. Nawaz told Jade magazine.com, “Sure, in the parts of the world I’ve covered, there have been a lot of times when I’m the only woman at the protest, or in the briefing room, or on the military embed.”

“I’m certainly not the first woman to be in any of those places and was lucky to have the support and encouragement of female journalists before me who’d been there and done that.”

But she acknowledged, “I’ve had people make assumptions about me – because I’m a woman because I’m Asian because my family’s from Pakistan because I’m Muslim – but I can’t control what others think. All I can do is bring my whole self to this job, to report the stories as I see them, and try to treat others’ stories with the same care and respect I’d want someone to treat mine.”

Amna’s successful career
Nawaz began her career as a Nightline Fellow at ABC News. When the Sept. 11 attacks happened just weeks into her first job, Nawaz was allowed to work on one of the most important news events in recent times, which set the precedent for the rest of her career.
Riaz Haq said…
Lina Khan, the Pakistani-American who will police Amazon, Google, Apple as new US FTC chief
Lina Khan will need 5-member majority for enforcement decisions, but will have significant control over those who conduct the FTC's competition, consumer-protection investigations.
DAVID MCLAUGHLIN and JOSH WINGROVE 16 June, 2021 9:01 am IST

https://theprint.in/world/lina-khan-the-pakistani-american-who-will-police-amazon-google-apple-as-new-us-ftc-chief/678680/


President Joe Biden named Lina Khan chairwoman of the Federal Trade Commission, an unexpected move that puts one of the most prominent advocates of aggressive antitrust enforcement against U.S. technology giants in charge of the agency.

News of Khan’s appointment came hours after the Senate confirmed her for a seat on the FTC by a vote of 69-28. She will take over the agency from Acting Chairwoman Rebecca Kelly Slaughter, who has been a commissioner for three years and had been expected by some to be tapped by Biden to lead the agency permanently.

Khan’s elevation to chairwoman marks her rapid rise to the top of U.S. antitrust enforcement. Currently a professor at Columbia Law School, just a few years ago she was a law student at Yale University. Now the 32-year-old is in charge of one of two agencies responsible for policing competition in the U.S. The other is the Justice Department’s antitrust division.

“It is a tremendous honor to have been selected by President Biden to lead the Federal Trade Commission,” Khan said in a statement after she was sworn in. “I look forward to working with my colleagues to protect the public from corporate abuse.”
Riaz Haq said…
Pakistani-American to become first Muslim US federal judge

https://www.dailysabah.com/world/americas/pakistani-american-to-become-first-muslim-us-federal-judge

Zahid Quraishi, a Pakistani-American will become the first Muslim to serve on American's federal bench, one step below the Supreme Court.

Quraishi was confirmed on Thursday by the US Senate in a 81-16 vote.

Quraishi will serve on the U.S. Federal District of New Jersey, moving from his job as a magistrate judge in the state.

Although Quraishi received mostly bi-partisan support for his nomination, Democrats in particular, praised the vote.

"Judge Quraishi has devoted his career to serving our country," said New Jersey Senator Bob Menendez, "and his story embodies the promise of America as a place where anything is possible."

Senator Corey Booker, also from New Jersey, recommended the 46-year-old Quraishi for the position. Booker called it "an extraordinary moment" in praising and downplaying the cultural significance of the appointment. He called Quraishi a person of conviction and patriotism, "who happens to also be Muslim."

Quraishi was born to Pakistani immigrants in New York City and grew up in neighboring New Jersey. He attended Rutgers Law School but after the Sept.11, terror attacks, he joined the Army as a military prosecutor. He was later deployed to Iraq in 2004 and 2006.

Quraishi later worked for the U.S. Department of Homeland Security as an assistant U.S. attorney specializing in cases of public corruption, organized crime and financial fraud.

Quraishi's confirmation is being celebrated by Muslim advocacy groups.

Salam Al-Marayati, president of the Muslim Public Affairs Council told New Jersey news outlet, Northjersey.com, that Quraishi should pave the way for future Muslims in the American judiciary.

"We expect at some point there to be more judges nominated by the White House and confirmed by the Senate," Al-Marayati said, "and we hope (the Senate) removes this barrier of a religious litmus test for nominees."
Riaz Haq said…
Pakistani doctors recognize the heroes of pandemic among them | ksdk.com

https://www.ksdk.com/article/news/health/pakistani-physicians-of-st-louis-acknowledge-their-heroes-appna-who-forge-ahead-against-pandemic/63-4f5df9a5-15cb-4058-900f-3cf58ff1645e

T. LOUIS COUNTY, Mo. — The Association of Physicians of Pakistani Descent of North America recognized healthcare workers for being on the front lines during the ongoing pandemic.

"I think there's strength in numbers," said Dr. Tariq Alam, St. Louis Chapter President of APPNA. "One physician alone can't win this fight. We all have to pour in our ideas. Get the best from everyone and get the best solution for our region."


For the 250-plus members, collaborating across healthcare networks in our region was easy, Dr. Alam said. He also says it brought doctors closer to the community.

"We have many who have language barriers, or economic barriers," Dr. Alam said. "Basically being able to reach out to them, I think that is one of our highlights."

Member and St. Louis County Health Director Dr. Faisal Khan said there's not enough praise to go around.


"The only reason we aren't looking at a 3 million or 4 million death count is because of the selfless work and sacrifice of healthcare providers across the country," Dr. Khan said. "We owe them everything."

Khan said the work isn't done yet.

"I am very happy that nearly 35% in the St. Louis region is vaccinated," Dr. Khan said. "I am equally worried that 65% of us are not. We are not out of this yet."

Khan is happy that county leaders support strong health guidelines until we cross the finish line. He said it's going to take more community action before things return to normal.

"It depends entirely on how the virus behaves, on the number of people getting vaccinated and the spread of disease in smaller communities in high-risk groups," Khan said.

Until then, doctors say mask up and get the vaccine or encourage others to do so.

Riaz Haq said…
#California Defies Doom With No. 1 #US #Economy Amid #COVID19. The Golden State has no peers when it comes to expanding #GDP, raising household #income, investing in #innovation and a host of other key metrics. #SiliconValley #Hollywood #aerospace #BigTech https://www.bloomberg.com/opinion/articles/2021-06-14/california-defies-doom-with-no-1-u-s-economy?sref=X9N3NABa

If anything, Covid-19 accelerated California’s record productivity. Quarterly revenue per employee of the publicly traded companies based in the state climbed to an all-time high of $1.5 million in May, 63% greater than its similar milestone a decade ago, according to data compiled by Bloomberg. The rest of the U.S. was nothing special, with productivity among those members of the Russell 3000 Index, which is made up of both large and small companies, little changed during the past 10 years.

While pundits have long insisted California policies are bad for business, reality belies them. In a sign of investor demand, the weight of California companies in the benchmark S&P 500 Index increased 3 percentage points since a year ago, the most among all states, according to data compiled by Bloomberg. Faith in California credit was similarly superlative, with the weight of corporate bonds sold by companies based in the state rising the most among all states, to 12.5 percentage points from 11.7 percentage points, according to the Bloomberg Barclays U.S. Corporate Bond Index. Translation: Investors had the greatest confidence in California companies during the pandemic.

The most trusted measure of economic strength says California is the world-beater among democracies. The state’s gross domestic product increased 21% during the past five years, dwarfing No. 2 New York (14%) and No. 3 Texas (12%), according to data compiled by Bloomberg. The gains added $530 billion to the Golden State, 30% more than the increase for New York and Texas combined and equivalent to the entire economy of Sweden. Among the five largest economies, California outperforms the U.S., Japan and Germany with a growth rate exceeded only by China.

Enlarging its No. 1 footprint with factory jobs, California GDP from manufacturing gained 13% over the past five years to $316 billion in 2020, an increase unmatched by any of the 10 largest manufacturing states: Texas was No. 2 with 9% growth, followed by Indiana at 8%, according to data compiled by Bloomberg. For all its bluster as being “best for business,” Texas can’t match California’s innovation. California prosperity is rooted in its appeal as a worldwide destination for technology and health-care development. Of the 6,924 corporate locations in the state, 18% are research and development facilities, a ratio that easily beats the U.S. overall (11%), China (15%), U.K. (14%) and Japan (10%). Only Germany, at 19%, has a higher rate, according to data compiled by Bloomberg. The percentage of Texas facilities for R&D is less than half California’s at 8.2%.

Corporate California also is the undisputed leader in renewable energy, with 26 companies worth $897 billion, or 36% of the U.S. industry, having reported 10% or more of their revenues derived from clean technology. No state comes close to matching the 21% of electricity derived from solar energy. Shares of these firms appreciated 282% during the past 12 months and 1,003%, 1,140% and 9,330% over two, five and 10 years, respectively, with no comparable rivals anywhere in the world, according to BloombergNEF. The same companies also increased their workforce 35% since 2019, almost tripling the rate for the rest U.S. overall and four times the global rate.
Riaz Haq said…
Saira Malik is the Chief Investment Officer and Global Portfolio Manager at Nuveen (A TIAA Company).

Currently, She lives in San Francisco, California. She often talks about the struggle her parents made to raise her up being migrated from Pakistan.

https://www.wiki.ng/en/wiki/saira-malik-wiki-and-husband-who-is-she-married-to-630214

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Saira was also featured among 100 most influential woman in US finance by the Barrons on April 16, 2021, for her role in managing Nuveen (A TIAA Company) $417 billion equivalent assets.

https://www.barrons.com/articles/barrons-100-most-influential-women-in-u-s-finance-saira-malik-51618563616
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The resilience and determination that helped Saira Malik rise in the asset-management industry has served her company and clients well in the pandemic. A lead player in transforming Nuveen’s equity business, she continues to find new areas of growth.

As chief investment officer of global equities at Nuveen, Malik, 50, oversees equity portfolio management, equity research, equity trading, and target-date, quantitative, and index strategies. As of Dec. 31, she was responsible for $417 billion of Nuveen’s $1.2 trillion in assets under management.

She and her team improved performance last year and continued “to drive more deeply” into environmental, social, and governance investing, she says. As of February, according to the company, Morningstar ranked at least 77% of Nuveen’s U.S. equity assets above their peer-group median over the trailing three- and five-year periods.

Malik, who joined Nuveen in 2003, was “an instrumental leader” in unifying Nuveen’s and TIAA’s equity teams after TIAA acquired Nuveen in 2014, says William Huffman, head of equities and fixed income at Nuveen.

A mother of two young daughters, Malik co-heads two industry affinity organizations—LEAD (Leadership, Education, Advocacy, and Development), which seeks to promote gender diversity in the asset-management industry, and Achieve, a resources group for female professionals.
Riaz Haq said…
Nuveen names chief investment officer
Saira Malik to lead strategy, insights for US$1.2 trillion asset manager

https://www.theasset.com/article/45932/nuveen-names-chief-investment-officer

Nuveen, the asset manager of TIAA, has named Saira Malik as its chief investment officer, with responsibility for driving market and investment insights and delivering client asset allocation views from across the firm’s independent investment teams. Nuveen manages US$1.2 trillion in equities, fixed income, real estate, private markets, natural resources, other alternatives and responsible investments.

She will also lead the firm’s global investment committee, which brings together the most senior leaders from Nuveen’s investment teams to deliver the best thinking and actionable portfolio allocation ideas.

Malik will maintain her portfolio management and leadership responsibilities for Nuveen’s US$450 billion global equity business, in addition to developing consensus views alongside colleagues from across the firm’s investment platform.

She will remain lead portfolio manager for the US$132.95 billion CREF Stock strategy and a listed portfolio manager for the US$37.84 billion CREF Growth and US$27.21 billion CREF Global Equities strategies.

Malik, who has 26 years of investment experience in portfolio management, global research and analyst roles, will continue to report to William Huffman, head of the firm’s fixed-income and equity platform.

Huffman says: “Malik is dedicated to delivering strong returns to help secure the financial futures of clients and has been an essential part of the firm for nearly two decades.”
Riaz Haq said…
2022 Inventor of the Year: (Pakistani-American UET Lahore Alum) Tahir Ghani Keeps Moore’s Law Alive
Often called ‘Mr. Transistor,’ Tahir Ghani has filed more than 1,000 patents and introduced some of Intel’s most revolutionary changes in transistors over his 28-year career.

https://www.intel.com/content/www/us/en/newsroom/news/inventor-of-year-tahir-ghani-keeps-moore-law-alive.html#gs.ssezgc


Today’s computer chips feature billions of transistors on a square of silicon about the size of your thumbnail.

By 2030, Intel aims to increase that number to about a trillion.

Tahir Ghani, Intel senior fellow and director of process pathfinding in Intel’s Technology Development Group, is behind those plans.

In his 28-year career at Intel, Tahir has filed more than 1,000 patents and led teams responsible for some of the most revolutionary changes in transistors. Innovations from his teams include strained silicon, High-K metal gate, FinFet transistors and, most recently, RibbonFET transistors.

For his accomplishments, Tahir is honored as Intel’s 2022 Inventor of the Year.

“For his entire nearly 30-year career, Tahir has role-modeled this relentless commitment to technology innovation in pursuit of Moore’s Law,” says Sanjay Natarajan, Intel senior vice president and co-GM of Logic Technology Development. “His contribution to semiconductor technology is enormous, and I am proud to call him one of the industry’s greatest inventors.”

While many experts in industry and academia have predicted the demise of Moore’s Law, Tahir says Intel has new ideas that keep it alive.

“It won’t die on my watch,” says Tahir, who works at Intel’s Gordon Moore Park campus in Hillsboro, Oregon. “Moore’s Law only stops when innovation stops.”

Watch “In My Own Words” as Tahir talks about his job and what it means to keep Moore’s Law alive.

Riaz Haq said…
72,000 non immigrant visas issued in year 2022 to Pakistanis for USA.

In 2019 the number was 59,000

2020 and 2021 Covid time was 34 and 20k

So 2020 2021 2022 average is still around 40k which is lower than 2019 avg

I can sympathize with ppl who see lots of ppl leaving and feeling every one is leaving as number of ppl leaving is 3 times more than 2021 and twice as much as 2020 .

However fact is ppl are going as they have always done. In fact we haven't returned to pre Covid levels of Emigration and tourism outside Pakistan

Even in 1997 close to 50,000 ppl were issued non immigrant visa by US from Pakistan!

https://twitter.com/bilalgilani/status/1701139777494651226?s=20


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

Who’s Getting U.S. Immigrant Visas?
Last year, more than 285,000 U.S. immigrant visas were issued. Here’s a look how that is distributed across every country worldwide:

Search:
Rank Country Immigrant Visas Issued (2021)
#1 🇲🇽 Mexico 40,597
#2 🇨🇳 China 18,501
#3 🇩🇴 Dominican Republic 17,941
#4 🇵🇭 Philippines 15,862
#5 🇦🇫 Afghanistan 10,784
#6 🇻🇳 Vietnam 10,458
#7 🇮🇳 India 9,275
#8 🇸🇻 El Salvador 7,813
#9 🇵🇰 Pakistan 7,213
#10 🇧🇩 Bangladesh 5,503
Total 285,069

https://www.visualcapitalist.com/countries-receiving-most-us-immigration-visas/

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

H1 B visa from Pak to US

What is the H-1B Visa Category? The H-1B is a temporary (nonimmigrant) visa category that allows employers to petition for highly educated foreign professionals to work in “specialty occupations” that require at least a bachelor's degree or the equivalent.

In year 2022 , 1100 from Pakistan

166,000 from India !

If the exodus is 1100 ppl then we have nothing to fear

If 1100 is exodus than what is 166k

Why the one with 166k is rising India and one with 1100 failing Pakistan

https://x.com/bilalgilani/status/1701143387145945294?s=20

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