tag:blogger.com,1999:blog-5848640164815342479.post4366452993100244950..comments2024-03-27T15:36:44.737-07:00Comments on Haq's Musings: Open Forum 2018: Pakistani-American Entrepreneurs Summit in Silicon ValleyRiaz Haqhttp://www.blogger.com/profile/00522781692886598586noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-5848640164815342479.post-3103649945698792312023-06-30T10:54:47.491-07:002023-06-30T10:54:47.491-07:00Family of Pakistani father and son who died in Tit...Family of Pakistani father and son who died in Titan submersible shares memories and gratitude<br /><br />https://apnews.com/article/titanic-submersible-implosion-pakistan-dawood-22067e1f8fced4b9df8ec2d463d94d8f<br /><br />ISLAMABAD (AP) — The family of two Pakistani men who died in the implosion of a submersible as it descended to the wreckage of the Titanic held a virtual memorial service Tuesday and thanked everyone who tried to rescue the father and son or sent condolences from around the world.<br /><br />The prayer service was arranged by the family of Shahzada Dawood and his 19-year-old son, Suleman, days after authorities confirmed that everyone on the Titan died. The submersible carrying five people imploded near the site of the shipwrecked Titanic and killed everyone on board.<br /><br />Shahzada Dawood’s widow, Christina Dawood, was in tears as she shared memories of her husband and son. She was on board a support vessel on June 18 when she got word that communications with the Titan submersible had been lost during its voyage to the ocean floor.<br /><br />In her remarks, she thanked those who had helped the family in its time of grief. The service was broadcast on YouTube through the family’s charity, the Dawood Foundation.<br /><br />Shahzada and Suleman Dawood were members of one of Pakistan’s most prominent families. The elder man’s father, Hussain Dawood, said during Tuesday’s service that his son and grandson were gifts of God that had been taken back by God.<br /><br />He also described the two as martyrs and said “martyrs go straight to paradise.”<br /><br />“What does the father say” when he faces such a tragedy, he asked.<br /><br />Hussain Dawood, said Suleman and Shahzada were very excited about going to see the Titanic and before leaving for their voyage convinced him that“we should go to Antarctica, too” next winter.<br /><br />“I’m actually convinced they have enriched our lives beyond measure,” Dawood said, vowing, “We will take forward their legacy.”<br /><br /><br />Christina Dawood shared memories of when she first met her husband and their wedding in Pakistan’s eastern city of Lahore.<br /><br />When Suleman was born, her husband was happy like other fathers but “when he held his son for the first time, I just knew these two belong together,” the wife and mother said. She sensed then that he had “found a long-lost companion for his adventures to come.”<br /><br /><br />Riaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-8726150673801155492023-06-23T18:32:38.665-07:002023-06-23T18:32:38.665-07:00Two Titan submersible passengers were prominent sc...Two Titan submersible passengers were prominent science philanthropists in Pakistan<br /><br />https://www.nature.com/articles/d41586-023-02100-y<br /><br />Two of the passengers who died when the Titansubmersible imploded on its way to explore the wreckage of the Titanic in the North Atlantic belonged to a family that are prominent philanthropic funders of science in Pakistan.<br /><br />Shahzada Dawood, and his son, Suleman Dawood, were part of the Dawood Foundation, which set up a university, girls’ school and museum, all with major focuses on science.<br /><br />“The tragic loss of father and son is, first and foremost, a human tragedy and a tragedy for the family,” says environmental scientist Adil Najam, who also studies philanthropic giving in Pakistan. “We have also lost someone with a real, personal and abiding interest in science. It is a tremendous loss of a champion for science.”<br /><br />“This is a huge tragedy for Pakistan,” adds Atta-ur-Rahman, a chemist at the University of Karachi and a former minister for science. “The [Dawood] family has made enormous contributions to education and science during the last five or six decades.”<br /><br />The Dawood family’s foundation established the Dawood University of Engineering and Technology in Karachi; the Karachi School of Business and Leadership; the MagnifiScience Centre, Pakistan's first contemporary science museum also in Karachi. Dawood public school provides high quality science education for girls, Najam says.<br /><br />Members of the Dawood family posted a statement to the foundation website about the deaths of Shahzada and Suleman. “We are truly grateful to all those involved in the rescue operations. The immense love and support we receive continues to help us endure this unimagineable loss.” The statement also said: “At this time, we are unable to receive calls and request that support, condolences and prayers be messaged instead.”<br /><br />Both Rahman and physicist Pervez Hoodbhoy of the Black Hole Institute, a science and cultural centre in Islamabad, say that the Dawood Foundation is a rare example of much-needed science-philanthropy. Many young people are trying to leave Pakistan because of an economic crisis and a lack of opportunities. Around 800,000 people left in 2022 to seek work abroad. Between 400 and 750 people from Pakistan, as well as Egypt and Syria died last week when a boat capsized off the Mediterranean Sea on its way from Libya to Europe, according to media reports.<br /><br />The Dawood family foundation has tried to address these problems by creating opportunities for science education. Rahman adds that there is much more that needs to be done. “We need to rethink our national policies, so that we can use this huge pool of talent for our own socio-economic development,” he says.Riaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-53844093986912357932022-12-04T18:43:01.983-08:002022-12-04T18:43:01.983-08:00United States Ambassador Donald Blome joined offic...United States Ambassador Donald Blome joined officials from the University of Utah and the Federal Minister for Planning Development and Special Initiatives, Mr. Ahsan Iqbal, to inaugurate the International Summit on Higher Education and Workforce Development today.<br /><br />https://pk.usembassy.gov/u-s-pakistan-effort-to-elevate-the-higher-education-sector/<br /><br />The summit was organized by the U.S.-funded Higher Education System Strengthening Activity (HESSA) and focuses on the role of higher education in the 21st century, highlighting the fluid nature of learning and employment, and explores how universities can reposition themselves in this ever-changing landscape.<br /><br />Ambassador Donald Blome celebrated the 75 years of partnership between the U.S. and Pakistan and said, “In a country where more than 60 percent of the population is below the age of 30, we must continue to help youth achieve their full potential.”<br /><br />Minister Iqbal remarked that the Government of Pakistan is open to improving the higher education system and is looking into various options to capitalize on the abundant youth potential in the country. He appreciated Pakistan’s 75-year partnership with the U.S. government and celebrated the support provided by the U.S. government to academia through specialized investment in higher education. He further added that academic institutions and the public and private sectors should join hands to accelerate this development. Mr. Iqbal tasked Pakistani higher education officials to improve higher education.<br /><br />Dr. Mukhtar Ahmed, Chairman of the Higher Education Commission of Pakistan (HEC), said that HEC will continue working with the U.S. government to build a cadre of experts to improve graduate employability.<br /><br />Senator Keith Grover, Utah State Senator from the United States noted, “it is the ultimate goal of an institute to provide necessary skills for youth so they can positively contribute to the workforce both locally and globally.”<br /><br />HESSA is supported by the United States through USAID, and is implemented in collaboration with 16 Pakistani public universities and other stakeholders, with a focus on strengthening universities’ capacity to deliver market-driven education, research, and graduate employability.Riaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-45705064356824671572021-04-17T08:07:22.965-07:002021-04-17T08:07:22.965-07:00Engro Polymer & Chemicals Limited (EPCL) is th...Engro Polymer & Chemicals Limited (EPCL) is the sole manufacturer of PVC resin in Pakistan. Besides this, the company also produces Chlor Alkali products like Caustic Soda, Sodium Hypochlorite and Hydrochloric Acid.<br /><br />https://www.globalvillagespace.com/engro-polymer-chemical-continues-its-upwards-journey/<br /><br /><br />It is a subsidiary of Engro Corporation, involved in the manufacturing, marketing, and distribution of PVC under the brand name ‘SABZ’ and other quality Chlor-Vinyl allied products.<br /><br />Engro Polymer and Chemicals is Pakistan’s multi-billion-dollar company, which saw the highest every profitability since its establishment in 1997. In its IPO, Rs. 3 billion shares were issued, and the company’s IPO was oversubscribed by 5.4 times.<br /><br />Its PVC plant has a capacity of 295 Kilo Tons per Annum (KTA) (after expansion) while EDC and VCM have the respective capacities of 127 and 204 KTA.<br /><br /><br />South Asia has been one of the crucial markets in the vinyl world due to its supply deficits both for PVC and feedstocks. With the high population growth, the market of PVC is expected to grow, especially in the construction sector.<br /><br />Especially, keeping in mind the government’s focus on affordable housing, expected improvement in economic growth the country’s per capita PVC consumption is expected to increase in the years to come and converge towards international levels.<br /><br />Keeping the same view in mind, AKD Securities has also predicted an upward trend in the price of EPCL, due to increased PVC Ethylene margins and EPCL’s new expansion of 50 percent of the existing plant’s capacity.<br /><br />According to the AKD analysis, “the PVC ethylene margins have recently surpassed ~US$1,000/MT in Mar’21 on the back of force majeure declared by PVC capacities in the US and, soft ethylene prices amid a recent wave of global capacity expansion resulting in excess ethylene supply.”<br /><br />All of this is coming at an optimum time for EPCL as its new expansion of PVC capacity by 100K tons that went online on 1st Match and debottlenecking exercise for VCM (Vinyl Chloride Monomer), a gas used in the production of PVC will enable the company to meet the demand in the market.<br /><br />EPCL being the sole supplier in Pakistan caters to 70 percent of local PVC demand. The supply sector has been hugely hurt due to lockdown around the world driving the prices of PVC up. This has thus led to a bull cycle in PVC prices which are up 100/30% FYTD/CYTD.<br /><br />Riaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-57900064397004561312021-04-17T08:07:00.128-07:002021-04-17T08:07:00.128-07:00Engro to establish petrochemical plant
Unit will h...Engro to establish petrochemical plant<br />Unit will help slash country’s chemical imports, boost exports<br /><br />https://tribune.com.pk/story/2293972/engro-to-establish-petrochemical-plant<br /><br /><br />Engro Corporation, a diversified group of companies, has announced that it will undertake advance studies for setting up a manufacturing plant in the petrochemical sector at an estimated cost of over $1 billion, which will slash Pakistan’s chemical imports and give a push to exports.<br /><br />The conglomerate intends to establish a plant for the manufacturing of polypropylene resin, which is used in making plastic bags for carrying and supplying fertiliser and sugar to the market, confectionery wrappers, plastic pipes and other construction fitting material, film and sheet.<br /><br />“We are pleased to announce that the board, in its meeting held on April 8, 2021, has approved an amount of up to $31.4 million (approximately Rs4.8 billion) towards conducting engineering, design and technical studies including a front-end engineering design (FEED) study in relation to the PDH-PP (propane dehydrogenation-based polypropylene) project,” Company Secretary Shomaila Loan said in a notification to the Pakistan Stock Exchange (PSX) on Friday.<br /><br />“At present, Pakistan meets local requirement for the chemical by importing approximately 500,000 tons a year,” Engro Corporation President and CEO Ghias Khan told The Express Tribune in an interview in December 2020.<br /><br />The company was considering setting up a global-scale plant with installed capacity of 550,000-750,000 tons a year, he said and added that the estimated cost of the project could be around $1-1.2 billion.<br /><br />The demand for the chemical is growing at 7.5% per annum. Keeping in view the project studies, arrangement of financing, potential investment partners (if considered) and construction, the plant would consume six to seven years for development and start of commercial production, he said.<br /><br />“We may arrange financing for the project in two years from the time the board gives its go-ahead for the plant,” he said.<br /><br />“The company will seek investment opportunities in this area, which creates avenues for both substituting imports and enhancing the export potential, which will help in building foreign currency reserves of the country,” said a company notification issued in April 2019. Khan said that the company would import raw material (propane gas) to produce polypropylene resin locally.<br /><br />“The project will save Pakistan a net $250-300 million annually,” he said. Besides, the company might consider exporting the surplus production. Neighbouring country China was a big importer of resin globally, he added.<br /><br />“Results of these studies, when completed, are expected to lead towards the final investment decision in relation to this project,” Loan said in the notification.<br /><br />“The decision will also be based on a conducive policy environment and arranging the right mix of debt and equity partners at such time.”<br /><br />The corporation’s share price dropped 3.08%, or Rs9.44, to close at Rs297.49 with trading in 1.3 million shares at the PSX.<br /><br />----------------------<br /><br />KBR, Inc. KBR announced that it has entered into an agreement with JS Energy Limited. Per the agreement, KBR’s K-PRO™ Propane Dehydrogenation (“PDH”) technology will help JS Energy to convert propane into propylene for a PDH project in Pakistan, which is anticipated to be commissioned in 2024. However, financial terms of the agreement have been kept under wraps.<br /><br />In 2019, KBR introduced K-PRO that offers propylene selectivity and conversion. K-PRO is a revolutionary step for the PDH industry that furnishes innovative designs at a very low cost of capital. Also, K-PRO's proprietary catalyst doesn’t require high-cost metals and pollutants, consequently resulting in an ideal environment and lower business overhead.<br /><br />https://finance.yahoo.com/news/kbr-inks-license-deal-js-141402146.html<br /><br />Riaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-27118397423768959222021-04-15T18:55:32.941-07:002021-04-15T18:55:32.941-07:00Engro to establish petrochemical plant
Unit will h...Engro to establish petrochemical plant<br />Unit will help slash country’s chemical imports, boost exports<br /><br />https://tribune.com.pk/story/2293972/engro-to-establish-petrochemical-plant<br /><br /><br />Engro Corporation, a diversified group of companies, has announced that it will undertake advance studies for setting up a manufacturing plant in the petrochemical sector at an estimated cost of over $1 billion, which will slash Pakistan’s chemical imports and give a push to exports.<br /><br />The conglomerate intends to establish a plant for the manufacturing of polypropylene resin, which is used in making plastic bags for carrying and supplying fertiliser and sugar to the market, confectionery wrappers, plastic pipes and other construction fitting material, film and sheet.<br /><br />“We are pleased to announce that the board, in its meeting held on April 8, 2021, has approved an amount of up to $31.4 million (approximately Rs4.8 billion) towards conducting engineering, design and technical studies including a front-end engineering design (FEED) study in relation to the PDH-PP (propane dehydrogenation-based polypropylene) project,” Company Secretary Shomaila Loan said in a notification to the Pakistan Stock Exchange (PSX) on Friday.<br /><br />“At present, Pakistan meets local requirement for the chemical by importing approximately 500,000 tons a year,” Engro Corporation President and CEO Ghias Khan told The Express Tribune in an interview in December 2020.<br /><br />The company was considering setting up a global-scale plant with installed capacity of 550,000-750,000 tons a year, he said and added that the estimated cost of the project could be around $1-1.2 billion.<br /><br />The demand for the chemical is growing at 7.5% per annum. Keeping in view the project studies, arrangement of financing, potential investment partners (if considered) and construction, the plant would consume six to seven years for development and start of commercial production, he said.<br /><br />“We may arrange financing for the project in two years from the time the board gives its go-ahead for the plant,” he said.<br /><br />“The company will seek investment opportunities in this area, which creates avenues for both substituting imports and enhancing the export potential, which will help in building foreign currency reserves of the country,” said a company notification issued in April 2019. Khan said that the company would import raw material (propane gas) to produce polypropylene resin locally.<br /><br />“The project will save Pakistan a net $250-300 million annually,” he said. Besides, the company might consider exporting the surplus production. Neighbouring country China was a big importer of resin globally, he added.<br /><br />“Results of these studies, when completed, are expected to lead towards the final investment decision in relation to this project,” Loan said in the notification.<br /><br />“The decision will also be based on a conducive policy environment and arranging the right mix of debt and equity partners at such time.”<br /><br />The corporation’s share price dropped 3.08%, or Rs9.44, to close at Rs297.49 with trading in 1.3 million shares at the PSX.<br /><br />----------------------<br /><br />KBR, Inc. KBR announced that it has entered into an agreement with JS Energy Limited. Per the agreement, KBR’s K-PRO™ Propane Dehydrogenation (“PDH”) technology will help JS Energy to convert propane into propylene for a PDH project in Pakistan, which is anticipated to be commissioned in 2024. However, financial terms of the agreement have been kept under wraps.<br /><br />In 2019, KBR introduced K-PRO that offers propylene selectivity and conversion. K-PRO is a revolutionary step for the PDH industry that furnishes innovative designs at a very low cost of capital. Also, K-PRO's proprietary catalyst doesn’t require high-cost metals and pollutants, consequently resulting in an ideal environment and lower business overhead.<br /><br />https://finance.yahoo.com/news/kbr-inks-license-deal-js-141402146.htmlRiaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-32899889311644974442021-01-07T13:08:33.134-08:002021-01-07T13:08:33.134-08:00Karachi-born Sajjad Khan leads Mercedes-Benz's...Karachi-born Sajjad Khan leads Mercedes-Benz's entry into electric vehicle.<br /><br />https://www.wraltechwire.com/2021/01/07/take-that-tesla-mercedes-unveils-tech-filled-hyperscreen-be-sure-to-watch-video/<br /><br />Daimler’s Mercedes-Benz has unveiled a key interior component of its upcoming electric luxury sedan: a large, curved screen that sweeps across almost the entire width of the car instead of a conventional dashboard.<br /><br />The MBUX Hyperscreen option available on the EQS sedan uses artificial intelligence to learn what functions the driver uses most, such as navigation and hands-free phone calls. Ola Kallenius, CEO of parent company Daimler AG, said Thursday in a recorded video presented online that the screen “only shows what is needed: no scrolling, no browsing.”<br /><br /><br />For instance, if the driver often uses the hot-stone massage function during the winter, the user experience system will suggest the comfort function during cold weather. Or, if the driver calls someone regularly on the way home, the system will suggest a call at the usual time.<br /><br />“With the 3D driver display with real depth effect, the large head-up display with augmented reality content such as animated turn arrows and biometric authentication, MBUX has now taken another big step towards digitization and artificial intelligence. And, if you will, you could say that with the MBUX hyperscreen even the giant TV has now found its way into the car.,” mercedes said in a blog post.<br /><br />Gorden Wagener, Chief Design Officer Daimler Group, and Sajjad Khan, Member of the Board of Management of Mercedes-Benz AG and CTO, on the new MBUX generation, were asked what they saw as the highlights.<br /><br />-------------------<br /><br />SAJJAD KHAN<br />Vice President - Digital Vehicle & Mobility at Daimler AG (Mercedes Benz Cars)<br /><br />http://europe.autonews.com/article/20151218/ANE/151219992/mercedes-exec-committed-to-quick-meaningful-step-changes-in-digital<br /><br />Sajjad is VP Digital Vehicle & Mobility at Daimler AG. He was pulled in by Mercedes from BMW and is generating end to end user experience as MDUX system. He is partnering with entrepreneurs around the world including in Silicon Valley where Mercedes has over 300 people in Sunnyvale. Come and learn on the details of what is needed in the auto eco system and where the opportunities are in this area.<br /><br /><br /><br />https://2018.opensvforum.org/index.php/component/speventum/speaker/28-sajjad-khan<br /><br />------------<br />Khan, Sajjad<br />2nd degree connection2nd<br />Khan, has a premium accountClick to upgrade to Premium<br />Executive Vice President - Member of the Board Mercedes Benz Cars<br />Stuttgart, Baden-Württemberg, Germany 500+ connections Contact info<br /><br />https://www.linkedin.com/in/khan-sajjad-054a403/<br /><br />HBS, IU & NED<br />Degree NameMSc.Field Of StudyElectronics and Information Tech<br /><br />-----------<br /><br />However, Khan is keen to point out that much of the technology produced for MBUX was sourced and produced from within the company. “Not only from the concept perspective, even from the software-programming perspective and the framework perspective, we did in-house,” he says.<br /><br />“Cloud intelligence, speech… we use the base systems from key partners, but the majority of the work is done in-house.”<br /><br />Think of MBUX as a powerful computer sitting behind your dashboard, and you’re on the right track. Its ability to learn and adapt to its new owner is already well known, but Khan says there’s a lot more potential already built into the system, and it won’t be limited by chipsets and screens.<br /><br />“The game-changing thing is how you connect everything together, so that from the customer perspective, it’s seamless; they don’t have a feeling of ‘am I autonomous or am I in the connectivity domain at the moment, or am I driving electric?’” he says, leaning forward.<br /><br />https://www.whichcar.com.au/features/sajjad-khan-the-man-with-his-head-in-the-cloudRiaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-56449852665958095672018-05-15T02:23:05.267-07:002018-05-15T02:23:05.267-07:00Glad to see so many accomplished people coming tog...Glad to see so many accomplished people coming together for the benefit of Pakistan..Z Basha Jrnoreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-40045138532788646382018-05-13T22:21:08.452-07:002018-05-13T22:21:08.452-07:00Riaz Bhai,
It was good to see yesterday. Enjoyed ...Riaz Bhai,<br /><br />It was good to see yesterday. Enjoyed our brief conversation. Thanks for the mention in your blog on self-driving cars.<br /><br />Please see my recent conversations/blogs below. I have started a thought-leadership series on this topic on Medium.<br /><br />1) https://medium.com/@shoieb_yunus/self-driving-cars-an-era-of-massive-change-f06d64dc09c0?source=linkShare-751ebdbca1b8-1525552446 <br /><br />2) https://medium.com/@shoieb_yunus/autonomous-driving-programming-common-sense-into-machines-62a05644e87e?source=linkShare-751ebdbca1b8-1525552483 <br /><br />3) https://medium.com/@shoieb_yunus/autonomous-driving-moving-the-big-rocks-to-reach-level-5-d6214455df54 <br /><br /><br />Any questions, please let me know.Shoeib Yunusnoreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-23523629390599171652018-05-13T18:48:36.717-07:002018-05-13T18:48:36.717-07:00Riaz, sorry I missed this but would have loved to ...Riaz, sorry I missed this but would have loved to meet up with Husain Dawood. I knew some members of the family in Pak at one time. <br />Mohsin H.noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-71678770547745978452018-05-13T18:47:24.022-07:002018-05-13T18:47:24.022-07:00Ahmad: "s this the professor you mentioned? ...Ahmad: "s this the professor you mentioned? She seems to be in the school of medicine. https://web.stanford.edu/~madamson/"<br /><br />Yes. <br /><br />Her maiden name is Maheen Mausoof. <br /><br />She was born in Karachi and raised in California. <br /><br />I know her brother Saqib Mausoof who's an author and a film-maker. <br /><br />He's made a film about Indus Valley Civilization. http://www.pakalumni.com/video/vision-2047-in-search-of-meluhha-the-indus-valley-civilization<br /><br />And written "The Warehouse", a novel set in Karachi and FATA. <br />Riaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-13217217244552293812018-05-13T18:45:30.124-07:002018-05-13T18:45:30.124-07:00Great summary. Is this the professor you mentioned...Great summary. Is this the professor you mentioned? She seems to be in the school of medicine.<br /><br />https://web.stanford.edu/~madamson/<br />Ahmad F.noreply@blogger.com