South Asia Investor Review

Pakistan is moving to higher value-addition in textile sector with branding. Khaadi, Gul Ahmed, J. by Junaid Jamshed, Sapphire, Sana Safinaz and others growing into global brands by expanding into countries with large Pakistani diaspora. Other Pakistani companies that have gained international brand recognition include Shan Masala, Pakola, Tapal Tea and K&N Frozen Foods. These companies are helping boost much needed exports to narrow Pakistan's growing current account deficits .  Pakistani Global Brands. Source: Pakistan & Gulf Economist As the Pakistani diaspora has grown to nearly 10 million in recent years, several Pakistani clothing and food brands have entered markets in the United States, United Kingdom, European Union and the Middle East. These markets create opportunities to build more Pakistani global brands, create jobs and grow Pakistan's exports .  Khaadi Store, Package Mall, Lahore, Source: Wikimedia Khaadi , which specializes in women's apparel, has

A recent public opinion survey conducted in China revealed that 73% of respondents have a positive view of Pakistan, second only to Russia which is seen positively by 80% of respondents.  About 18% of Chinese survey participants have a negative view of Pakistan while 9% are neutral. The results of this survey show that the oft-repeated talk of China and Pakistan being " iron brothers " is not just official rhetoric; it is actually supported by the Chinese people. It is also evident in the fact that the China-Pakistan Economic Corridor (CPEC) is  transforming Pakistan's least developed area .  Other nations enjoying favorable views among the Chinese include Singapore (66%), North Korea (62%), and Germany (61%). Most negatively perceived countries include the United States (90%), India (56%), Japan (54%), Vietnam (48%), South Korea (47%), and Ukraine (46%).  Chinese Public Opinion Survey of 25 Countries. Source: CEIAS The survey in  China  was conducted by the Central Europ

Pakistan does not produce tea but it is the most popular beverage among Pakistanis.  The country is ranked as its largest importer in the world.  In 2020, Pakistan imported $646 million (9% of global tea imports) worth of tea and exported $15.2 million in branded blends of tea such as Tapal Tea. Pakistan tea imports grew 19.8% from 2019 to 2020.  Pakistan Tea Trade. Source: The Observatory of Economic Complexity Other major tea importers in 2020 were as follows: United States: $473.8 million (7.1%) Russia: $412.2 million (6.2%) United Kingdom: $348.7 million (5.2%) Saudi Arabia: $243.6 million (3.7%) Iran: $236.3 million (3.5%) Hong Kong: $221.8 million (3.3%) Morocco: $202.3 million (3%) Egypt: $197.2 million (3%) Germany: $195 million (2.9%) China: $180 million (2.7%) France: $168.1 million (2.5%) United Arab Emirates: $164.9 million (2.5%) Japan: $156.6 million (2.4%) Iraq: $134.7 million (2%).  Global purchases of imported tea totaled US$6.7 billion in 2020. Of these countries, 4

Pakistanis have invested $10.6 billion in Dubai real estate, ranking them as the third largest investors in the city on the Gulf. Indian investors lead Dubai real estate investments with $29.8 billion, followed by British investors' $14.7 billion investment.  Wealth From Top 20 Countries Invested in Dubai Real Estate. Source: EU Tax Observatory With at least $146 billion in foreign wealth invested, the Dubai property market is now the world's largest offshore investment market for foreign investors. It is now twice as large as the  London real estate  market in terms of wealth invested by foreigners through shell companies. There are nearly 20,000 unique foreign owners of Dubai real estate from Pakistan, the third largest number behind almost 35,000 Indian owners and about 23,000 owners from the United Kingdom, according to the  EU Tax Observatory . Unique Entities From Top 20 Countries Owning Dubai Real Estate. Source: EU Tax Observatory The record flow of foreign wealth into

Pakistan is the only country in Asia that recognizes citizenship as a birthright. Only one in four nations in the world grant citizenship to all those born within their borders, according to a review of the nationality laws reviewed by  EUI Global Citizenship Observatory .  Instead of birthright citizenship, the majority of countries today have citizenship by blood, in which children inherit citizenship from their parents.  Citizenship as Birthright. Source: Quartz Based on a review of the nationality laws of 174 nations, only 39, or about 1 in 4, grant citizenship to people born in the country, barring exceptions to children of diplomat parents, according to an article published in  QUARTZ .   Pakistan stands out as the only nation in Asia that grants citizenship as birthright.  It is the most common practice for the countries in the Americas: Canada, Mexico, Argentina, Brazil, among others, all follow this practice. Birthright citizenship is seen as a key measure of a nation's  o

Two Pakistani girl students from Karachi have won the first physical science award of $1,500 each at Regeneron International Science and Engineering Fair (ISEF 2022) held May 7 through 13 in Atlanta, Georgia, United States. Ume Kulsoom and Talia Kusloom, the winners from Pakistan, are 12th grade students at Pak-Turk School in Gulshan-e-Iqbal, Karachi.  Pakistani Student Participants at ISEF 2022 in Atlanta, Georgia, USA. Source: Maarif Foundation Ume and Talia Kulsoom topped in the physical science category with their project titled "Vegan Leather Obtained from Cedrus Deodara (deodar tree)", according to an  announcement  by the Society for Science which organized the event. Regeneron ISEF is the world’s largest international science competition held annually. Each year, nearly 1,800 high school students from more than 63 countries participate to showcase their work.   The winning project from Pakistan was completed under the supervision of Hira Bashir, a science teacher at t

Record-high temperatures in Pakistan caused Shisper glacier to melt rapidly, triggering the collapse of the Hassanabad Bridge along the Karakoram Highway last week.  With 7,253 known glaciers, Pakistan is home to more glacial ice than any other country on earth outside the polar regions. If these start melting in increasingly severe heat waves, there could be massive flooding in the country. Pakistan is among the most vulnerable to climate change.  Hasanabad Bridge Collapse in Pakistan India and Pakistan have been hit by a severe heat wave very early this summer.  Jacobabad, a city in Sindh province, hit 122ºF (50ºC) in April, one of the highest April temperatures recorded in the world. Dadu, another city in Sindh, recorded 117ºF (47ºC). "This is the first time in decades that Pakistan is experiencing what many call a 'spring-less year," Pakistan's Minister of Climate Change, Sherry Rehman said in a statement. The consequences of rising temperatures in South Asia coul

The World Health Organization estimates that India had 4.730 million COVID19-related  deaths in 2020-21, nearly a third of 15 million global excess deaths attributed to the pandemic. India is followed by Russia with 1.073 million deaths and Indonesia with 1.03 million deaths. The United States with 933,795 deaths and Brazil with 681,219 deaths round out the top 5 countries that suffered the heaviest losses of life believed to be related to the pandemic. Mexico (625,923 deaths), Peru (289,654 deaths), Turkey (264,279 deaths) Egypt (251,635 deaths) and South Africa (238,893 deaths) are ranked number 6 through 10 in the world for excess deaths in 2020-21 period. Although Pakistan too had 8 times the official figure, it still does not figure in WHO's top 10 list for total number of COVID deaths.  Total Excess Deaths Recorded During the COVID-19 Pandemic in 2020-21. Source: WHO Excess deaths measure how many more people died than expected compared with previous years. Although it is dif

Pakistan's  Ten Billion Tree Tsunami  project launched in 2014 by the PTI government has sparked a silent olive revolution in the country.  Pakistan, now the 19th member of the International Olive Council , is producing about 1,500 tons of olive oil per year and 830 tons of table olives,  according to  Juan Vilar Strategic Consultants . It is also helping tackle some of the effects of  climate change  such as soil erosion and desertification and bringing new opportunities to farmers. Olive cultivation was started as a pilot project in Potohar region by Punjab Chief Minister Shahbaz Sharif's government in 2014. The PTI government promoted it nationwide as a part of Prime Minister Imran Khan's Ten Billion Tree Tsunami initiative to bring about the olive revolution in the country.  Olive Valley, Pakistan Pakistan is the world's third largest  importer of cooking oil . In 2020, Pakistan imported $2.1 billion worth of palm oil, behind only India's $5.1 billion and China&

Pakistan's chief central banker Dr. Reza Baqir's 3-year term saw a broad expansion and modernization of the nation's financial services industry. The impact of Baqir's policies can be seen in multiple sectors including agriculture, housing, manufacturing, exports, financial digitization and record-high  investments in technology startups . Supported by Dr. Baqir's accommodative monetary policy during the  COVID19 pandemic , Pakistan poverty headcount, as measured at the lower-middle-income class line of US$3.20 PPP 2011 per day, declined from 37% in FY2020 to 34% in FY2021, according to the  World Bank's Pakistan Development Update 2022  released this month. The report said Pakistan's real GDP shrank by 1% in FY20, followed by 5.6% growth in FY21.  Pakistan’s economy created 5.5 million jobs during the past three years –on an average 1.84 million jobs a year, which is far higher than yearly average of creation of new jobs during the 2008-18 decade, according