South Asia Investor Review

US Secretary of State Marco Rubio called Pakistan Prime Minister Shehbaz Sharif to discuss promoting “a durable peace between Israel and Iran,” the State Department said in a statement, according to  Reuters .  Both leaders "agreed to continue working together to strengthen Pakistan-US relations, particularly to increase trade", said a statement released by the Pakistan government. Pakistani Prime Minister Shehbaz Sharif and US Secretary of State Marco Rubio The call came after Iran and Israel agreed to a ceasefire to end what President Donald Trump described as a "12-day war". It is yet another indication of Pakistan's close ties with both Tehran and Washington. Pakistan strongly condemned Israel's "unprovoked attack" and the US bombing of Iran's nuclear facilities. It also  shows Washington’s growing engagement with Islamabad at a time when the Trump administration is exploring a new diplomatic initiative with Tehran, possibly “as early as ne...

A London-based startup builder.ai, founded by an Indian named Sachin Dev Duggal,  recently filed for bankruptcy after its ‘neural network’ was discovered to be 700 Indians coding in India. The company promoted its "code-building AI" to be as easy as "ordering pizza".  It was backed by nearly half a billion dollar investment by top tech investors including Microsoft. The company was valued at $1.5 billion. This is the latest among a series of global scams originating in India.  In recent years, India has emerged as a major hub for global scams. The US government has alleged in court documents that a large enterprise originating from India was involved in stealing nearly $1.5 billion from elderly Americans. Recently, two Indian nationals, Pranay Mamindi and Kishan Patel, were found guilty of participating in a money laundering conspiracy, concealing the source of the money, and using the illegally gained money to further promote a criminal enterprise.  Six other defen...

A recent terrorist attack on April 22 in Kashmir has killed 26 Indian tourists. Prime Minister Narendra Modi's Hindu Nationalist government took no time to blame Pakistan for the attack and vowed to "punish" the neighbor for it. Indian media, also derisively known as "Godi media", immediately went into overdrive to demand action against Pakistan. New Delhi followed up with suspending the Indus Basin Water treaty from the 1960s which guarantees 80% of the water from the three western rivers (Chenab, Jhelum and Indus rivers) to Pakistan, while India gets the exclusive use of the water from three eastern rivers (Beas, Ravi and Sutlej rivers). India also ordered Pakistani visitors to leave the country and reduced Pakistani diplomatic staff posted in India. Pakistan responded by suspending Simla Agreement and banning overflights of Indian civilian and military aircraft through its airspace. Pakistan warned India that any attempt to block its share of water from the t...