Riaz Haq writes this data-driven blog to provide information, express his opinions and make comments on many topics. Subjects include personal activities, education, South Asia, South Asian community, regional and international affairs and US politics to financial markets. For investors interested in South Asia, Riaz has another blog called South Asia Investor at http://www.southasiainvestor.com and a YouTube video channel https://www.youtube.com/channel/UCkrIDyFbC9N9evXYb9cA_gQ
Aqsa Ajmal, a graduate of Pakistan's National University of Science and Technology, is among six finalists for Lexus Design Award 2020 for industrial design. Each of these finalists will receive 3 million Yen (over $25,000) in funding and mentorship in an exclusive program in New York City under the guidance of prominent design leaders from a variety of design fields.
Aqsa's entry is named Pursewit. The device provides an easier way to incorporate sewing skills into income generation for the blind who rely upon touch and other senses. The thread path is much more simplified and streamlined; the user follows a straight, outlined path from the spool pin to the machine’s arm and through a loop, then down to the needle. The machine provides feedback at each step to ensure the process is completed, according to Lexus.
Aqsa Ajmal. Photo Credit Lexus
Aqsa's entry ranked among the top 6 from 2,042 submissions from 79 countries. The other finalists are from the China, France, Italy, Kenya, Russia and the United States.
"Lexus Design Award provides a unique platform for young creators to demonstrate and further develop their talents. Founded in 2013 to support and foster up-and-coming creators, the program continues to evolve to inspire innovations in design that lead to a better tomorrow, and each year has seen a steady increase in number of entries from across the world. Last year, creators from 65 countries submitted 1,548 design proposals, many of which leveraged the power of technology."
A 3-person team of Pakistani students, including a female student from Islamabad's National University of Science and Technology (NUST), won first place in a contest organized by Stanford Center of Longevity. The team's entry is a device they designed and prototyped that enables tremor patients to perform daily routine tasks.
The Purpose:
The purpose of the contest is to encourage innovation to help improve the quality of life of aging populations in the West and the rest of the world.
The 2017 Stanford Longevity Design Challenge had the following goals:
1. Create well-designed, practical solutions that address key issues associated with aging
2. Encourage a new generation of students to become knowledgeable about aging issues
3. Provide promising designers with a path to drive change in the world
NUST's Hooriya Anam, Awais Shafique, and Arsalan Javed defeated teams from around the world with their anti-tremor prototype project TAME. The team from famed Massachusetts Institute of Technology (MIT) placed second while Virginia Tech team stood third, according to results announced by the Center.
NUST's Stanford Challenge Winners From L to R: Arsalan Javed, Hooriya Anam, Awais Shafique
The Competitors:
In addition to NUST, MIT and Virginia Tech teams, there were other teams from Cornell University, University of Sao Paolo Brazil, China's Beijing University and Silicon Valley's Stanford University who also competed in the contest.
The winners received $17,000 in cash prizes along with paid travel to Stanford where they presented their designs to industry, academic, and government leaders.
College and University Enrollment in Pakistan:
Wins such as the Stanford Challenge are the result of improvements in higher education in Pakistan since the year 2000.
There are over 3 million students enrolled in grades 13 through 16 in Pakistan's 1,086 degree colleges and 161 universities, according to Pakistan Higher Education Commission report for 2013-14. The 3 million enrollment is 15% of the 20 million Pakistanis in the eligible age group of 18-24 years. In addition, there are over 255,000 Pakistanis enrolled in vocational training schools, according to Technical Education and Vocational Training Authority (TEVTA).
Graduation Day at NED Engineering University For 1300 Graduates in 2013
Pakistani universities have been producing over half a million graduates, including over 10,000 IT graduates, every year since 2010, according to HEC data. The number of university graduates in Pakistan increased from 380,773 in 2005-6 to 493,993 in 2008-09. This figure is growing with rising enrollment and contributing to Pakistan's growing human capital.
Higher education in Pakistan has come a long way since its independence in 1947 when there was only one university, the University of Punjab. By 1997, the number of universities had risen to 35, of which 3 were federally administered and 22 were under the provincial governments, with a combined enrollment of 71,819 students. A big spending boost by President Pervez Musharraf helped establish 51 new universities and awarding institutions during 2002-2008. This helped triple university enrollment from 135,000 in 2003 to about 400,000 in 2008, according to Dr. Ata ur Rehman who led the charge for expanding higher education during Musharraf years. There are 161 universities with 1.5 million students enrolled in Pakistan as of 2014.
R&D Investment:
Rise of research and publications at Pakistani universities began during Musharraf years when the annual budget for higher education increased from only Rs 500 million in 2000 to Rs 28 billion in 2008, to lay the foundations of the development of a strong knowledge economy, according to former education minister Dr. Ata ur Rehman. Student enrollment in universities increased from 270,000 to 900,000 and the number of universities and degree awarding institutions increased from 57 in 2000 to 137 by 2008. Government R&D spending jumped seven-fold as percentage of GDP from 0.1% of GDP in 1999 to 0.7% of GDP in 2007. It has since declined as percentage of GDP.
Summary:
Pakistani students, scientists and researchers are continuing to produced highly recognized and cited research in spite of serious economic and security challenges. Enrollment in higher education is rising and giving a boost to innovation. With better policy focus and more investment in higher education, Pakistan can make an even greater impact with its young demographics.
NUST's new 132 Teraflop supercomputer has catapulted the Pakistani university's supercomputing center to the elite Top 200 list of supercomputing sites in the world, a list dominated by a handful of industrialized nations. National University of Science & Technology's supercomputer is named ScREC after its supercomputing research and education center. The cluster consists of 66 nodes equipped with a total of 30,992 cores. The NUST site breaks down the components as follows: 32 dual-socket quad-core nodes, 32 NVIDIA GPUs, a QDR InfiniBand interconnect, and 26.1 TB of storage.
ScREC will be be deployed for research in the areas of computational biology, fluid dynamics, image processing, cryptography, medical imaging, geosciences, finance, and climate modeling. Specifically, RCMS is currently developing a direct simulation Monte Carlo (DSMC) method for subsonic nanoscale gas flows. Other projects include external flow analysis of heavy vehicles to reduce fuel consumption, and numerical investigation on performance and stability of axial compressors used in aircraft engines and gas turbines.
In his recent book Turing's Cathedral, computer historian George Dyson explores how the digital universe has exploded in the aftermath of World War II. The proliferation of both codes and machines has paralleled two historic developments: the decoding of self-replicating sequences in biology and the development of the hydrogen bomb, with the most destructive and the most constructive of human endeavors occurring at the same time.
In the decades after World War II, computers have become an absolutely essential tool for research in a variety of fields ranging from weapons to weather and life sciences.
In particular, the distinction between computing and biology has begun to blur in a way that will have enormous benefits for human health, productivity and longevity. Pakistan is among a handful of nations where there is significant research underway in genomics and biotechnology which requires substantial computing power.
Researchers at the Panjwani Center for Molecular Medicine and Drug Research (PCMD) in Karachi collaborated with Beijing Genomics Institute (BGI) to complete gene mapping of Dr. Ata-ur-Rahman, according to SciDev. Dr. Rehman, President of Pakistan Academy of Sciences, volunteered himself for the project.
Pakistan has significant research efforts in seed and livestock development at various agriculture universities, institutes and departments. Pakistani researchers and scientists are currently collaborating in life sciences with their counterparts in the US and China. A number of crops like cotton, rice, wheat, corn, potato, ground nut are being developed locally or with the collaboration of Chinese and US seed companies.
Currently, there are over two hundred life sciences departments which are engaged in genomics and biotechnology research at various Pakistani universities, and they all can benefit from access to modern high-speed supercomputing.
Pakistan has been a Science Watch rising star for several years for research papers in multiple fields, particularly in biological sciences. Publications by Pakistani research teams have increased four-folds in the last decade, and the majority of publications from major universities are in life sciences.
Let's hope that there will be many more high-speed supercomputing sites established at various universities and research institutes to meet the growing demand for computing power by Pakistani researchers.
This post briefly reviews two years of economic performance of the present government. What it inherited, what it informed the IMF and the people of Pakistan, why it went to the IMF, and where we stand now - are the subject matter of this article.
Pakistan positioned itself as one of the four fastest growing economies in the Asian region during 2000-07 with its growth averaging 7.0 per cent per year for most of this period. As a result of strong economic growth, Pakistan succeeded in reducing poverty by one-half, creating almost 13 million jobs, halving the country's debt burden, raising foreign exchange reserves to a comfortable position and propping the country's exchange rate, restoring investors' confidence and most importantly, taking Pakistan out of the IMF Program.
These facts were acknowledged by the present government in a Memorandum of Economic and Financial Policies (MEFP) for 2008/09-2009/10, while signing agreement with the IMF on November 20, 2008. The document clearly (but grudgingly) acknowledged that "Pakistan's economy witnessed a major economic transformation in the last decade. The country's real GDP increased from $60 billion to $170 billion, with per capita income rising from under $500 to over $1000 during 2000-07". It further acknowledged that "the volume of international trade increased from $20 billion to nearly $60 billion. The improved macroeconomic performance enabled Pakistan to re-enter the international capital markets in the mid-2000s. Large capital inflows financed the current account deficit and contributed to an increase in gross official reserves to $14.3 billion at end-June 2007. Buoyant output growth, low inflation, and the government's social policies contributed to a reduction in poverty and improvement in many social indicators". (see MEFP, November 20, 2008, Para 1)
Per Capita PPP GDP
A cursory look at the above stated acknowledgment is sufficient to see that the government deliberately misguided the people of Pakistan by presenting a totally distorted picture of the economy. While it could misguide the people of Pakistan for domestic political consumption, it had no option but to tell the truth to the international financial institutions as these facts were known to them.
Even the government did not inform the people of Pakistan that it obtained the IMF Program on the basis of past performance. Pakistan received the extra-ordinary funding from the IMF under the fast-track Emergency Financing Mechanism which was meant for the countries "that have a strong track record of sound policies, access to capital markets and sustainable debt burdens but need rapid help to overcome financial crisis". (IMF Survey, October 29, 2008) Thus, a government which starts its inning on distortion can never bring stability in the economy. Most of its time and energy would be consumed for covering up of its failure.
The present government inherited a relatively sound economy on March 31, 2008. It inherited foreign exchange reserves of $13.3 billion, exchange rate at Rs62.76 per US dollar, the KSE index at 15,125 with market capitalization at $74 billion, inflation at 20.6 per cent and the country's debt burden on a declining path. The government itself acknowledged in the same document that "the macroeconomic situation deteriorated significantly in 2007/08 and the first four months of 2008/09 owing to adverse security developments, large exogenous price shocks (oil and food), global financial turmoil, and policy inaction during the political transition to the new government". (Para 3 of the MEFP, November 20, 2008)
What went wrong? Why one of the fastest growing economies in the Asian region until two years ago has been totally forgotten in the region? Firstly, the speed and dimension of exogenous price shocks (oil and food) were of extraordinary proportions. Secondly, the present government found itself totally ill-prepared and clueless in addressing the challenges arising out of the shocks. While rest of the world was taking corrective measures and adjusting to higher food and fuel prices, Pakistan lurched from one crisis to another.
Despite peaceful election and a smooth transition to a new government, political instability persisted. For a protracted period there were no finance, commerce, petroleum and natural resources and health ministers in the country. The government lost six precious months in finding its feet. It gave the impression of having little sense of direction and purpose. A crisis of confidence intensified as investors and development partners started to walk away. The stock market nosedived, capital flight set in, foreign exchange reserves plummeted and the Pakistani rupee lost one-third of its value. In short, Pakistan's macroeconomic vulnerability had grown unbearable. It had no option but to return to the IMF for a bailout package. There were no Plan A, B and C. There was only one plan, that is, to return to the IMF.
While the country was moving rapidly towards the IMF, the ministry of finance had prepared the plan to bring $4 billion by June 30, 2008 through four transactions. A kick-off meeting was scheduled on April 23, 2008 at the ministry to give a final touch to the various roadshows. These transactions were canceled on April 20, 2008. Who ordered the cancellation of $4 billion transaction? This cancellation prompted balance of payment crisis and the rest became history.
The economy continues to remain in intensive care unit and is breathing thanks to the injections from the IMF, World Bank and Asian Development Bank. The economy is not on the radar screen of the government and as such the economic managers have no relevance in the current political set up. The exit of Shaukat Tarin is a classic example. At least he tried his level best to inject financial discipline but paid the price of teaching prudent financial management. No matter who replaces Shaukat Tarin, the economy would continue to lurch from one crisis to another until and unless the government brings the economy at the center stage.
Dr. Ashfaque Hasan Khan is the Dean of Business School at the National University of Science and Technology in Islamabad, Pakistan.
Riaz Haq's Comments: In rural Pakistan where about 60% of Pakistanis live, people spend 55% of their income on food, according to a World Resources Institute (WRI) report.
The bottom two BOP (Base of Income Pyramid) groups alone account for more than 50% of national food spending in Pakistan. Average annual food spending per household in the BOP in Pakistan is $2,643. While BOP3000 households have 6 times as much income on average, they outspend BOP500 households in the food market by a ratio of only 2:1 in Cameroon, 2.3:1 in South Africa and Pakistan, 2.4:1 in Kazakhstan, 1.9:1 in Uzbekistan, and 3:1 in Peru.
Currently, food inflation in Pakistan is running at 15.49 percent, hitting the poor the hardest.
Here's a video clip of British Writer William Dalrymple speaking about Pakistan at a recent Intelligence Squared debate:
Here is a recent video clip of former President Muharraf talking about the power crisis in Pakistan:
