Faizan Siddiqi
@faizansiddiqi
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Golf Simulators,AI,AML,AD-Tech,Media, 3PL B2B2C Ecom. Places, I've either IPO'd, scaled or failed ex-GE/Tyco/MCI/Afiniti/Jang/TCS/BV. Angel Investor & Operator
Toronto, Ontario
Joined April 2009
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Powerful ideas that could change your life. 175 weeks or 3+ Yrs .That’s how long I’ve been revealing them. But the question is, are you going to bookmark this for later? Just like every thing else? Or are you serious for change...
And guess what? It’s all FREE. All I ask? Hit
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I'm loosing sleep over the fact that Bill Gates came to PK for the 1st time & all he engaged with were ministers & burecracy.What an epic waste of a trip,should have had him speak to students,the lifetime reward of 1 student being inspired would be 1000x of the babu selfies
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If you are under 30 & spending your time online between political commentary/point scoring, know this: Parties don't care about your views.Instead spend that time & energy to invest in your self/skills.The last 70+ yrs have shown,No govt is going to invest in U so use time wisely
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When even your Oxford education can't help you spin the facts. It's CNN not KTN & you don't get to answer staged questions.The complete lack of objectivity is evident when the Q&A is not gamed. In true kanpain tangna fashion this is 1 for the history books on PR disasters.
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It's never too late. At 50, the new CM has their first ever real/paying job.
Let that sink in.
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I was today years old when I found out that there is an entire sub culture of sneaker heads going crazy about the Tali sneaker. Aka the shoe made by Service in Pakistan that retails for 4000pkr and resold in the US between 80-200$ and more.
Allegedly a NY time articles made
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Those who can, are leaving 🇵🇰.
In the end only those who can't leave will stay and those who don't want to, will make their lives worse.
We are seeing a generational cluster f**k.
Life in 🇵🇰 is as much about surviving as it is about living. Whilst we can continue to lie to our
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If your employer is calling you in on a gazetted public holiday to work, you are in the wrong business & you should stand for your rights especially if you aren't being paid for it.
Name & Shame if you are at work today by force. No one has the right to coerce their employees
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Every one Talks About Elite Capture in 🇵🇰 but most don't do any research to find out what it really means or where it started or how it impacts us daily
We are quick to blame
Lazy to action
Indifferent to learn from history
Heres a 🧵 an attempt with some facts & data points
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The only thing we need to add to this is, how to attract FDI in offline mode.
To pave the way for digital transformation & foreign direct investment in Pakistan, important decisions are being taken in the interest of country and the nation through the Special Investment Facilitation Council (SIFC) forum in Information and Communication Technology (ICT).
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Today I learnt that the real meaning of Self Made in Pakistan;
Inheriting legacy/elite/state capture dollars to buy foreign franchises, start a VC/PE fund whilst you fight to take over generational businesses amongst siblings & updating your LinkedIn bio to Entrepreneur.
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Government of 🇵🇰 needs an
@elonmusk
moment and fire 50% or more of the bureaucracy. We need less government and more open governance by enabling the people to win.
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Is the PM back and using VPN to tweet or still in UK enjoying freedom of expression as a foreign visitor?
#ASKINGFORANATION
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Why is there no Sohan Halwa Bar?
Why is their no HabShi Halwa Billionaire(think Ferrero Rocher)?
Why is Pehlwan Raiwri not akin to M&Ms?
Where is our Turkish Delight equivalent?
Why, have we no Billion or Multi-Billion $ brands given food is our fierce competitive sport?
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'mulk ka satya Nas, koi kaam karnay ko tayaar nahin' Ali age 32 opening his store at anarkali at 2pm
'sab chor hain' baray Malik sb making an entry in his kacchi parchi book, age 65, saddar karachi
'no hope for the youth' Asif age 19 going to bed at 3am after 6hrs of tiktok
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Where does one start with the comedy of errors that is amplified by putting up Images of various print news paper headlines(like a leader board) on a tweet which states "The IT sector is the only sector that can play a central role in the stability of Pakistan's economy." No
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🇺🇲 Txt or whatsapp during business hours 'Is now a good time to talk?'
🇵🇰 1130 pm. Phone call 'yaar woh, yaseen bhai hain na unka bhatija hay us ko internship chaiye thi. Woh IT main bahut taiz hay'
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"Breaking the myth of a robust IT sector in Pakistan"🧵
The shortage of qualified people is going to continue to hinder our ability to scale unless we go a new route. AI?
The 15 large companies employ between 20-25K folks, we've reached a roadblock to 2x Or 5x our tech exports
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Why Government/Governance is Broken in Pakistan🧵
😢Every one loves to complain but does nothing to fix the issues
🏦We dont understand how this country is run and who runs it
⁉️We love conspiracies & have no first principles thinking
🦸The real power is in the PMO not the PM
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I identify as a 'filer' my pronouns are 'nadaan' 'baywaqoof' and 'naive'
-Pakistani Salaried Tax Payer
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Taxing the salaried class whilst not taxing land holding & agricultural tyrants is the same as hoping unicorns will emerge by raising taxes on Cell Ph & internet connections.Median Age of Population is 22.8 years. 4+ Decades apart from leadership needs a rethink across the board.
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Some of the most successful Pakistanis,Commercially, Professionally,Academically,Athletically in the last 3 decades have been outside of Pakistan. As bitter a pill it is to swallow, we must introspect to see the fault in our ✨s instead of turning a blind eye to systemic failures
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Why don't we have yard sales in Pakistan? For a generation and a country that stores tins from the 70s for threads & needles. Clearly we have tons of stuff that we are hoarding.
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"Unlocking about 300M$ in Foreign Exchange in 120 Days"🧵
Every Day Twitter Asks me "What's Happening"
Well a lot, only if we got our act together. Here are some suggestions for our New Government to collectively help the Pakistani Tech ecosystem do better & in turn Pakistan
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Young(er) 🇵🇰: Hey there, if you're feeling disheartened & considering leaving, know that you're not alone
Society might appear fine for the few, but there are underlying problems affecting many. Do not get guilted in to believing that you do not have a right to these thoughts 🧵
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Still cant believe we have a category called non-filer.
Those who do not follow the tax law, have been accepted by the government as admissible to do business/trade/live/grow/prosper, by creating a category for them & allowing them to leech off tax payers. Whilst burdening us
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This will live rent free in my head. TL;DR
1)Its in Beta
2)MOITT will test it for 30 days
3)Then cross ministry/gov access
4)In 1 year Citizen access
We held a launch ceremony, invited x100 ppl, all on tax payer money for a Beta App.Sure lets do some fireworks & press a button
Pakistan has proudly introduced the alternate of WhatsApp, announces the IT Minister
@SyedAminulHaque
@MoitOfficial
#TOKReports
#BeepPakistan
#WhatsApp
#Aminulhaque
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Bullshit Jobs: is a 2018 book by anthropologist David Graeber that postulates the existence of meaningless job & analyzes their societal harm. He contends that over half of societal work is pointless & becomes psychologically destructive
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Heard of board meetings happening in foreign locations/offsite but cabinet meetings?
First we had connecting flights via Dubai and London. Now we have connecting governance via the same locations.
Truth is stranger than fiction.
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PayPal. Not really Pal. 🧵
In 2018 I wrote a blog post "Enemies at the Gate. Bas Kardo yeah pouchna kay PayPal Kab Aye ga?"
Still no PayPal but a lot has happened. Here is a primer on what still needs to be done & how we can solve for payments.
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Thinking of moving to Canada?
It's on every ones mind, but most folks either do not have the resources, the experience or the confidence to ask the hard questions.
So I answered some of them for you!
Do your self a favor read this first:
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Well said. But the current entry level price for the youth to participate in hope is $2 (PKR 556) a month ala VPN costs, to browse all the hope the leaders wish to spread.
Pakistan's biggest issue right now is the despondency and disenfranchisement of its youth.
Unfortunately, its all too convenient to continue to fuel this anger -- there is plenty broken in the country to continue to spew hate to get social media clicks, likes and monetisation.
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YouTube Black Outs & Curious Case of Destroying Startup Value(ations) 🧵
Without the who/what/why of blocking,understand this,there is an other side to this saga that is slowly going to kill startups
What? Really?Let me take you & the powers be on a Journey of value destruction
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Desi saiths normalizing corruption by gaslighting the awaams misery who are dealing with it daily, & citing lack of competence as the real culprit to progress, is key rent seeking behavior.
The Boomers that got us in this mess aren't the folks who will get us out of this mess.
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100%.
All the boomers that have taken this tone online are nothing but rent seekers, or pawns of rent seekers.
Look at their bios and track records. Most if not all would have made money through:
1)Concessionary or favorable legal frameworks or govt contracts
The worst form of gaslighting is when they expect you to compromise after tormenting you.
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The only crisis in Pakistan today is the crisis of Education
Had we spent the money on education vs tanks we would have
1)A police force that would not take blind instructions
2)An economy that would be default free
3)The general public making those in power accountable
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Gig economy workers from
@bykeapk
@CareemPAK
@inDrive
@foodpanda_pk
@KraveMart
along with content creators, free lancers, tech companies with local and global clients. Are all loosing money today. Who is responsible for this? The daily wage worker who uses deliveries as a way to
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Public service message that we are likely 12 hours away from internet disruptions, cell phone blackout, consequently atms, car tracking, Healthcare workers/ambulances/patients will all suffer at varying degrees not to mention businesses.
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FBR is having a DHA moment, it's going through phases(of taxing stuff like cell phones that will put the average person at a disadvantage vs taxing real estate that would unlock value for all)
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I want your help to discover amazing products that are made in Pakistan but likely not readily available on the world stage(yet).Can you reply to this thread with your contributions & help identify great creators & products that have the potential to scale or are exporting today?
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Pakistani youth have a rare opportunity to vote & to drive change.
Say no to elite capture, say yes to going out and voting.
You will have to live with the consequences if you don't vote.
To have a seat at the table you have to make an effort on the 8th of Feb or forever hold
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Desis hosting & attending monarchy celebratory parties + posting selfies like it's their BFFs valima, is peak cringe.
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Traditional 🇵🇰 Banks
let's get a digital banking licence...
Meanwhile
In 5 days their apps, websites, online services won't work.
Regulator
Lets atleast give incumbents a license
Awaam
Will have to fill a form at a branch to use the app
Every 1 gets best digital bank award
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PMs IT Advisors "sir power off kar kay on karain, shayad theek ho jaye"
Today in why we have a power outage.
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@asemota
Its best to use it as a link tree & take user/audience submissions. This is not just a valuable resource for your ongoing "challenges" with a bank but I feel it could lead to a global movement to offer valuable critique/user feedback on banking services as a whole. 5UselessStars
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The middle class is dead
Economic UnCertainty is not Joke. This is no longer a question of doing better, trying harder, working your way up.
If you were on the fringe of just making it, you likely crossed over to a dark place
Why?
💠Power/Gas/Fuel
💠Education
💠Healthcare
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$ crisis is real for entrepreneurs🧵
If you are a free lancer u get inward wires at 223
If you are lucky enough to pay your bills for $ized digital service ur menu below
Money changer official 232(no cash avlbl official plus grey 242(outside their office) black 253(ur guess)
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Come build internet companies they said. Enhance tech dependent exports to help create fiscal space they said. Do 10b$ worth of IT exports they said.
Oh btw the internet reliability is neither here nor there they said.
This has to be the most reckless thing some one can say on
مطلب بہت آسان ہے۔
الیکشن کے دنوں میں تین چار روز انٹرنیٹ بند رہے گا۔
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@Quibbles57
Have you seen the average politician or babu ask questions? I would continue to bet on students.
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Men smoke cigarettes,
Real men smoke cigars,
Legends live in Lahore.
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Project management should be taught in schools. Not as a subject but by being weaved into the curriculum. Team work, dependencies, the power of committing and delivering,being reliable, winning as a unit,loosing as a unit, power of tracking.Knowing how to re calibrate & reassess
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E-Commerce Deliveries are broken in Pakistan.🧵
1)Different People Expect the same things from Delivery Cos (DCs)
2)Different DCs have different ambitions
3)Most of the DCs have never handled @ scale digital commerce
4)DCs cant un-learn & shed their technical debt
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Help us help our selves.(expat edition)
If you are a Pakistani abroad, instead of schooling the country & the youth on what ails us, here's a challenge for you.
Put your money where your mouth is.
Support a Pakistani freelancer or solopreneur.
Its simple really.
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IBFT fees down to 0 has helped the average Pakistani see the value of "transacting digitally" without fear. When you remove the barrier to entry you enable many in the ecosystem that were left out prior.
@StateBank_Pak
good on you for putting citizenry first. Regulation is hard
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Congratulations
@Atyab
on your appointment as CEO of HugoBank in🇵🇰! I look forward to seeing you & the team deliver on the bold & very public :) target you've set of 34 million new accounts by 2027. Healthy competition for true digital banking services.
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@MubarizSiddiqui
Buddy research is your friend vs other peoples half assed anecdotal info.
Look at export data/ volumes/$s & make an educated guess to identify a prod
Go to the country's statistics/gov websites, most Western Cos publish the name of the importer/category
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After looking at all the export & IT targets I've come to the conclusion that one of the fastest surefire way to make $ incomes is if every one in 🇵🇰 followed every one else on Twitter in 🇵🇰 then tweeted, the ad monetization payouts would be in $..
You are welcome hit follow.
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This is how our Free-Lancer $s are looking like right now with the state of the internet.
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@AribaShahid
DHA/real estate prices will go up and the common man will continue to be drawn away from owning a roof over their head.
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Taxing computer hardware is akin to appointing cheeni chors to guard sugarcane crops. We need Less ministers, Smaller cabinet vs land grabbers deliberating on taxes for others instead of, their own generational tax free assets. Tumsay nahin ho ga
#DigitalPakistan
chor do bhai.
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Khi folks. Tomorrow morn you will have the performance of the poltical govt and admin on display post rain. Make sure you visualize those images when you vote.
Democracy being the best revenge as they keep reminding us. Your choice if you want more of the same.
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Wanna be Tech bros from the valley doing podcasts & newsletters on the Pakistani tech ecosystem, politics & business can best be described as PakSplainers.
Hum to yahan rehtay hain but please do continue to provide a better situational analysis from your remote vantage point.
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Lack of work ethic is a generational curse.Boomers can't stick to a schedule but the younger lot are worse, because I expect better. 20 mins before a scheduled meeting when I start getting msgs that start with Bro or Listen. My heart sinks
A lackadaisical attitude is a curse
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A country for old men. We have a serious disincentive as a nation for young people because those who are in government/responsible for economic growth have not been young in the last 4/5 decades. This is not an ageist tweet, trust me. Tough to legislate outside of ur demographic.
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The Politics of IT which is Costing us FDI & FX.🧵
Simple things need simple fixes for long term gain.
Every one from the PM to every pretend angel investor out on the street is a firm believer in the fact that Tech can change the outcomes of this country.
Yet it has not.
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Foreign E-commerce Companies & Pakistan 🧵
We literally have no 1 who understands technology or its impact + revenues & taxation in relation to E-commerce
We need laws aimed at providing legal guidelines for the country’s e-commerce industry.(Specifically for foreign entities)
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Starting work early AM and being done sooner, is the most under appreciated desi work culture thing.
No corp employer will come to your grave to give your family stock options for 'late sittings'
Be productive instead & work with employers who value your sanity & their own.
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6 Things That Should be on the Mind of Every 🇵🇰 IT Export Oriented Business Leader & CEO, (as part of the SIFC agenda)
The fastest things that the Saudi🇸🇦 +UAE🇦🇪+Kuwait🇰🇼 + Qatar🇶🇦 group can bring to 🇵🇰 (if we ask) insofar as tech growth & exports are concerned have to be
1)
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According to Nawaz Sharif he has deputed Shahbaz who has pre ordered laptops, but wait there is more. After identifying the youth he added that they will also get free medicines.
Clearly that's the demographic needing meds.
What a joke.
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If Kashmir had the same level of Western media coverage(as Ukraine) Twitter would be condemning the actions of the Indian state. Media truly is where wars of opinion are won & lost before any bullet is fired.May all wars end in our life time & media evolve to neutrality.
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A lot of young people are being driven to entrepreneurship because of the piss poor job HR/Leadership teams do at corporations & how almost no ones willing to talk about it. My pet peeve, are un paid internships that are so wildly popular or the token payment internships
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Stay in touch with every one.
Biggest life hack no one tells you about.
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This re imaging Pakistan biz is the stuff of delusions. Former Poltical & state actors now want to tell us what's wrong with the system they f*d up & want to re imagine it now that they aren't in office.
Same vibes as non-filer. An entire category for facilitating tax chors.
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8 newspapers or media sites reporting on a ministerial level launch is not a response to anything besides a story about the event. There is no scholarly discussion on the policy. For starters none of the major responsible parties even tweeted the Url every one was busy sharing
P
@SHA
is thrilled to see the response to Pakistan's first-ever IT Exports strategy, unveiled yesterday by the Ministry of IT and Telecom Pakistan through Pakistan Software Export Board (PSEB) in collaboration with PricewaterhouseCoopers. Already making waves throughout national &
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The Sindh govt taking out ads in Dawn is as tone deaf as it gets. The circulation & audience of the paper are not remotely the farmers, then why the ad-spend? Nothing but PR within the english speaking audiences. Ad money is something our debt ridden govt shouldn't spend
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CM went on TV. His explanation of what's going on may have been acceptable if he wasn't a civil & structural engineer from Stanford.
Wonder how you live with ur self knowing what you learnt at Stanford is diametrically opposed to Sindh Sarkars versions
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CSD Lahore. (Covid, Smog, Dengue) is the triple threat that no level of designer bags, pulao, big sunglasses, new MGs, baray ghoray wali TShirts, inviting Akcent to lip sync at a wedding or having a pet lion will fix. All of these are as irrelevant as the governments silence.
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This clip will continue to haunt us till it doesn't.
Truer words have not been spoken yet.
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Skipping the 9pm khabarnama was akin to a sin. Fast forward two decades & the boomers watching the news,slowly poisoning their brain is the new sin. The single biggest ban we need is on 24/7 news talk shows,else we will be fighting whatsapp fwd/misinformation wars that defy logic
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Learn how to use Google. It's a value additive life hack. When you get good at it, it's second nature. It may seem like something your intern should know. Thats where you are mistaken. Heres one of the best links() to get started. Trust me its fantastic.
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Normalize opening bank accounts for all the women around you(wives mothers sisters daughters).Joint if they want or individual if they don't. End of your life shouldn't mean end of theirs just because of un managed banking & lack of access. It's upon all of us to make sure
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This is what a spineless comment looks like.
When it's time for photo ops and mous all the comments are attributed to pashas office bearers who also have not missed a single oppty to host the IT Minister at their forum whilst the country was facing
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The IMF Discussions should be televised live on PTV so the nation can see that Dar sb has no choice but to decorate the trolley with the house china as he enters the room.
For all his bullshit bravado of taking people to task, let us really see who calls the shots!
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For any one complicit in pulling the plug on voice and cellular data services. Know this:
You are enabling the destruction of an existing multi billion dollar industry.
Your actions today will cause job losses and result in tech companies to shut down and create scarcity of
Come build internet companies they said. Enhance tech dependent exports to help create fiscal space they said. Do 10b$ worth of IT exports they said.
Oh btw the internet reliability is neither here nor there they said.
This has to be the most reckless thing some one can say on
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'Dubai' the adjective that defines most Pakistan's desired mental state of growth, peace, tranquility, security & ghabrana free living.
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Instead of asking your phuppos son about your startup
Tweet me a link to your startup’s website & I’ll offer my honest take on why you should have kept your day job(or not) :)
Depending on your take, consider the feedback an early Christmas or new years gift.
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Tell me what the government & all public servants are doing to ensure that tax payer rupees aren't fueling their prados & convoy cars. Austerity begins at home. 800cc cars for all. You need to get to work you don't need a chariot & awam should say no to all police escorts for all
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Pakistans Tech Sector is about to witness a Strategic Shift.
Today there has been breaking news about Klarnas use of Ai for customer service.
We will dig deeper into the announcement but it has massive strategic implications globally but also more specifically for call
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Stop learning. Start earning.
You don't need yet an other YouTube video or self help book. You are your biggest distraction. Launch today vs trying to find out all the stastical reasons why others have failed.
They failed because they tried. You are failing because you won't.
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The licenses are in. Interesting
1)Easy Paisa
Telenor Microfinance Bank posted a loss of Rs10 billion in 2021 as per the latest annual report. The bank has now been in losses for a consecutive four years.
The Digital Retail Bank (DRB) License🧵
Every one, ok a vast majority of 🇵🇰 & some global businesses are waiting for the most awaited news from the FinTech sector.
Yet no one who is connected to it, wants to speak about it publicly for fear of bad karma/regulatory items.
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