South Asia Investor Review

Did the U.S. make it clear to Pakistan in 2022 that Imran Khan was not acceptable as the prime minister of the South Asian country? Did the Pakistani military then use the Opposition parties led by Nawaz Sharif and Asif Ali Zardari to remove Imran Khan from power through a successful No-Confidence vote in the parliament? The answer to both of these questions appears to be a resounding "yes" based on the leaked contents of a secret diplomatic cable, the actions of the Opposition politicians and the attempts to dismantle the Pakistan Tehreek-e-Insaf (PTI) and the jailing of Imran Khan on trumped-up charges. These events have created significant political instability in the country and prompted former US National Security Advisor John Bolton  to urge the Biden administration to take a clear position before the “terrorists, China and Russia take advantage” of the situation. Former Prime Minister Imran Khan (L) and General Asim Munir Diplomatic Cable: A leaked diplomatic cable fro...

Karachi-based start-ups raised $236.7 million in 2022, accounting for two-thirds of Pakistan's total startup funding and almost double the previous year, according to  Data Darbar .   Karachi , Pakistan's largest city, is followed by Lahore with $69.2 million and Islamabad with $41.6 million. Nationally, the total funds raised by startups have been declining after hitting the peak of $173 million in Q1/2022.  City-wise Startup Funding of Pakistani Startups. Source: Data Darbar via FDI Intelligence National Incubation Center, located at Karachi's  NED University of Engineering and Technology  ( NEDUET ), has incubated more than 250 start-ups so far.  These include ride-hailing app Bykea and London-based proptech platform Gridizen. Kamran Mahmood, the CEO of Gridizen, who recently returned to Pakistan to join NIC Karachi, says he has found it even easier to meet decision makers at large companies in Pakistan than the UK, according to a report in  FD...

Gallup Law and Order Survey 2021 shows that Pakistan (score 82) is safer than Bangladesh (79) and India (80) and Sri Lanka (80).  Gallup’s survey is based on responses to four questions to measure “people’s sense of personal security and their personal experiences with crime and law enforcement”. The questions are as follows: 1) In the city or area where you live, do you have confidence in the local police force?; 2) Do you feel safe walking alone at night in the city or area where you live?; 3) Within the last 12 months, have you had money or property stolen from you or another household member?; 4) Within the past 12 months, have you been assaulted or mugged?  Gallup interviewed 127,000 people in 120 countries to compile the report. Gallup Law and Order Survey Results 2022. Source: Gallup The survey, conducted by global analytics firm Gallup, ranks Singapore, Tajikistan, Norway, Switzerland and Indonesia as the safest countries in the world.  It ranks Sierra Leone,...

The architecture of the New Gwadar International Airport (NGIA) is inspired by a rising Phoenix. It is Pakistan's second greenfield airport built from scratch in a new location. With a 3,650-meter long runway, it is a Class 4F airport.  NGIA is scheduled to begin test flights in December this year.  The only other airport with a 3,600-meter long runway is the New Islamabad International Airport that opened for commercial flights in 2018.  Karachi  and Lahore international airports have runways lengths of 3,400 meters and 3,360 meters respectively, putting them in 4E class. All four of these major Pakistani airports can handle landing of Airbus A380, the largest commercial airliner in operation today.  New Gwadar International Airport Architecture Inspired by A Rising Phoenix New Gwadar International Airport (NGIA) is being built in  Gwadar  at a cost of $246 million on an area of 4,300 acres. Construction of NGIA started in October, 2019. The entire pr...

Outlook India recently ran a story headlined "Noida to Islamabad". It suggests at least anecdotal evidence of information technology jobs beginning to move from India to Pakistan. The number of jobs is only 125 but could it be the tip of a larger iceberg? Are western companies finding Pakistan becoming more competitive with India in terms of cost and skills on offer? Let's try and answer these questions. Noida to Islamabad: Outlook India report said 125 employees at a US-based information technology service provider were laid off in Noida in New Delhi, India, and the very next day an equal number of workers started working for the company in Islamabad, Pakistan. Here's an excerpt of  Outlook India  story: "On the night of November 1, stretching into early next morning, close to half the workforce at the Noida office of a US-based IT service provider was informed that their services were no longer needed. A former employee says salaries for the staff at th...

The recent 7.0 earthquake that caused over 200,000 deaths in Haiti has revived discussion of potential loss of life from seismic activity in many cities in the developing world, including the South Asian capitals of Islamabad, Kathmandu and New Delhi, all located close to the South Asian fault lines . GeoHazards International , a Palo Alto, Calif. nonprofit research organization aiming to reduce suffering due to natural disasters, predicts that a 6.0 earthquake on the Richter scale would cause tens of thousands of deaths in major cities in the developing world. Here is GeoHazards' list of top 10 major cities and their expected minimum death tolls in the developing world which are most vulnerable to major earthquakes of 6.0 (or higher) intensity: 1. Kathmandu, Nepal 69,000 2. Istanbul, Turkey 55,000 3. Delhi, India 38,000 4. Quito, Ecuador 15,000 5. Manila, Philippines 13,000 6. Islamabad/Rawalpindi, Pakistan 12,500 7. San Salvador, El Salvador 11,500 7. Mexico City, Mexico...