Note · May 22, 2026

Pakistan crossed into the $300 billion economy club a few years ago.

Most of the operators I talk to in the United States have a stale picture of this country. The picture is from a decade ago. It is not the picture on the ground today. The middle class has grown. The engineering workforce has matured. The infrastructure has improved in places that are hard to see from a satellite.

I am not selling you a turnaround story. I am pointing out that the data has shifted, and the operators who update their priors first will see things the operators who do not, will not.

Update the prior.