Disappointed in Imran Khan's Pitch at Davos in the Desert, Saudi Investment Conference

[RiazHaq]

This is what I tweeted this morning after watching Imran Khan's speech (

) at Davos in the Desert:

Disappointed in #ImranKhan's #Pakistan pitch at #DavosInTheDesert. #Saudis are big investors in #SiliconValley and #ImranKhan failed to mention Pakistan's #tech potential. It took an #Indian questioner in the audience to point to #Pakistan's #IT potential

http://www.riazhaq.com/2018/08/state-bank-pakistan-it-exports-surge-to.html

Pakistan's information technology exports have bucked the nation's declining exports trend with double digit growth to reach $1,065 million in fiscal year 2018, according to the State Bank of Pakistan. It is generally believed that Pakistan's central bank underestimates 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.


Source: State Bank of Pakistan

Pakistan IT exports surged 13.4% to $1.06 billion in fiscal year 2018 from $939 million in fiscal year 2017. The growth was even more robust in the prior year with IT exports rising 19.1% from $789 million in fiscal 2016 to reach $939 million in fiscal year 2017.


Source: State Bank of Pakistan

About $320 million of IT exports revenue in fiscal 2018 came from software exports while the rest was made up of services such as consulting, telecom and call centers.


Online Labour Index top 20 worker home countries, 1-6 July 2017

Freelancers in Pakistan are benefiting from the growing access to broadband connections which are now being used by over 50 million Pakistanis across the country. Pakistan is ranked 4th in the world by the freelancing industry report. The country has rapidly increasing human capital of technologists.




Growth in IT exports is a good sign for Pakistan's export diversification beyond commodities such as textiles and food. In addition, air forces of about a dozen developing nations are buying and deploying Pakistani made aircrafts. The reasons for their choice of Pakistan manufactured airplanes range from lower cost to ease of acquisition, maintenance and training.

Related Links:

Haq's Musings

South Asia Investor Review

Tech Jobs Moving to Pakistan

Pakistan Made Airplanes Lead Nation's Defense Exports
https://www.riazhaq.com/2016/12/pakistan-made-airplanes-lead-nations.html
Pakistan Ranks High Among Top Outsourcing Destinations

Riaz Haq on Pakistanis in Silicon Valley

Can Pakistan Avoid Recurring BoP Crises?

Pakistan Launches NUTECH to Prepare 21st Century Workforce

 

[Kabira]

This conference was not for Pakistan. It was boycotted by 90% of world companies after journalist murder. Imran went there for $$. And maybe $7-8b oil refinery.

The idea is to take so much loans from Saudi Arabia that they will not have any option but to invest more just to get back their money. This is how Pakistan can trap Saudis with investment deals in coming years. Because this will be last IMF bailout as Pakistan take less and less loans from western countries and more and more loans from China and Saudi Arabia. IMF will not bailout Pakistan to pay China.

 

[jupiter2007]

This conference was not for Pakistan. It was boycotted by 90% of world companies after journalist murder. Imran went there for $$. And maybe $7-8b oil refinery.

The idea is to take so much loans from Saudi Arabia that they will not have any option but to invest more just to get back their money. This is how Pakistan can trap Saudis with investment deals in coming years. Because this will be last IMF bailout as Pakistan take less and less loans from western countries and more and more loans from China and Saudi Arabia. IMF will not bailout Pakistan to pay China.

China is not responsible for Pakistani incompetent politicians.
Pakistan will get 16 billion dollar from Saudi Arabia and it will include cheap oil and investment in 2 to 3 major projects including oil refinery.

 

[Hiraa]

Company CEOs who boycotted FII2018 still sent their senior executives to Riyadh

 

[El Sidd]

Nerds ko izzat do

 

[Kabira]

China is not responsible for Pakistani incompetent politicians.
Pakistan will get 16 billion dollar from Saudi Arabia and it will include cheap oil and investment in 2 to 3 major projects including oil refinery.

China is responsible for $14b deficit and likely more because of corrupt port authority and FBR. Pakistan have become dumping ground of Chinese products. IMF will not bailout Pakistan to pay China. Hence CPEC is good trap for China, they may have to think alternative ways to get more out of Pakistan. Start investing in agriculture and industry for a start.

I'm not even sure how Pakistan will pay back Saudis. Again could be good thing, ask them to increase Pakistan labour to payback loan.

 

[AZ1]

Imran khan aim was never the conference but to show the support to Saudi to make them feel that we are with them and we got the result already $6 billion in return. So it was a success.

 

[RiazHaq]

#Pakistan needs to diversify its #exports to higher value manufactured products and services to help improve its balance of payments situation https://www.riazhaq.com/2018/09/industrial-development-report-pakistans.html …

 

[Lincoln]

This is what I tweeted this morning after watching Imran Khan's speech (

) at Davos in the Desert:

Disappointed in #ImranKhan's #Pakistan pitch at #DavosInTheDesert. #Saudis are big investors in #SiliconValley and #ImranKhan failed to mention Pakistan's #tech potential. It took an #Indian questioner in the audience to point to #Pakistan's #IT potential

http://www.riazhaq.com/2018/08/state-bank-pakistan-it-exports-surge-to.html

Pakistan's information technology exports have bucked the nation's declining exports trend with double digit growth to reach $1,065 million in fiscal year 2018, according to the State Bank of Pakistan. It is generally believed that Pakistan's central bank underestimates 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.


Source: State Bank of Pakistan

Pakistan IT exports surged 13.4% to $1.06 billion in fiscal year 2018 from $939 million in fiscal year 2017. The growth was even more robust in the prior year with IT exports rising 19.1% from $789 million in fiscal 2016 to reach $939 million in fiscal year 2017.


Source: State Bank of Pakistan

About $320 million of IT exports revenue in fiscal 2018 came from software exports while the rest was made up of services such as consulting, telecom and call centers.


Online Labour Index top 20 worker home countries, 1-6 July 2017

Freelancers in Pakistan are benefiting from the growing access to broadband connections which are now being used by over 50 million Pakistanis across the country. Pakistan is ranked 4th in the world by the freelancing industry report. The country has rapidly increasing human capital of technologists.




Growth in IT exports is a good sign for Pakistan's export diversification beyond commodities such as textiles and food. In addition, air forces of about a dozen developing nations are buying and deploying Pakistani made aircrafts. The reasons for their choice of Pakistan manufactured airplanes range from lower cost to ease of acquisition, maintenance and training.

Related Links:

Haq's Musings

South Asia Investor Review

Tech Jobs Moving to Pakistan

Pakistan Made Airplanes Lead Nation's Defense Exports
Pakistan Ranks High Among Top Outsourcing Destinations

Riaz Haq on Pakistanis in Silicon Valley

Can Pakistan Avoid Recurring BoP Crises?

Pakistan Launches NUTECH to Prepare 21st Century Workforce

I did not know IT had that much of a potential in Pakistan either, tbh.

 

[ziaulislam]

This conference was not for Pakistan. It was boycotted by 90% of world companies after journalist murder. Imran went there for $$. And maybe $7-8b oil refinery.

The idea is to take so much loans from Saudi Arabia that they will not have any option but to invest more just to get back their money. This is how Pakistan can trap Saudis with investment deals in coming years. Because this will be last IMF bailout as Pakistan take less and less loans from western countries and more and more loans from China and Saudi Arabia. IMF will not bailout Pakistan to pay China.

you are right here ..but its still an exposure plateform...
I see the refinery more important thsn 6b he secured as refinery will mean huge amount of import substitutions. Pakistan imports a lot of refine oil

 

[Shah Khalid]

#Pakistan needs to diversify its #exports to higher value manufactured products and services to help improve its balance of payments situation https://www.riazhaq.com/2018/09/industrial-development-report-pakistans.html …

But Sir This Will Take Time

 

[RiazHaq]

Pakistan's IT potential goes far beyond BPO. There are at least two tech unicorns made in Pakistan. https://www.riazhaq.com/2017/05/afiniti-and-careem-tech-unicorns-made.html

 

[war&peace]

https://twitter.com/x/status/1054755277671677957

 

[Kabira]

you are right here ..but its still an exposure plateform...
I see the refinery more important thsn 6b he secured as refinery will mean huge amount of import substitutions. Pakistan imports a lot of refine oil

This is why I have my doubts, they would rather sell us refined oil. Lets see how it goes.

 

[AZ1]

After saudi $6bn. Other companies will show interest and will invest for sure.