US fund commits $10 million for startup investment initiative led by Pakistani tech leaders 

The handout photograph released by JR Dallas Tech Fund on June 6, 2025, shows Jehangir A. Raja, Managing Partner at JR Dallas Tech Fund (center), Mehwish Salman Ali, founder and CEO of Data Vault (left) and Malik Mudassir founder and CEO of AppsGenii Technologies, posing for a group photo. (JR Dallas Tech Fund)
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Updated 06 June 2025
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US fund commits $10 million for startup investment initiative led by Pakistani tech leaders 

  • Mehwish Salman Ali, Malik Mudassir to receive $10 million to invest in high-potential startups planning to scale US operations 
  • Target investment range is $250,000 to $1.5 million per startup, portfolio size will be 15-20 carefully selected companies over 2 years

ISLAMABAD: The JR Dallas Tech Fund on Friday announced a “groundbreaking” $10 million commitment to globally recognized technology leaders, Pakistan’s Mehwish Salman Ali and Malik Mudassir, to spearhead an exclusive US-focused startup investment initiative.

Under the agreement, Ali and Mudassir will receive $10 million in dedicated capital to identify, evaluate, and invest in high-potential startups planning to scale operations in the United States. The duo will serve as lead investment partners with full authority to deploy capital across artificial intelligence, cloud computing, digital health, and frontier technology ventures.

“We are entrusting $10 million to two of the most visionary technology leaders of our generation,” said Jehangir A. Raja, Managing Partner at JR Dallas Tech Fund. 

“Mehwish and Malik represent the perfect combination of technical expertise, entrepreneurial success, and strategic vision needed to identify the next generation of game-changing startups ready to conquer the American market.”

According to the statement by JR Dallas, economic impact projections of the funding include direct job creation, with portfolio companies expected to generate 300-500 high-skilled technology positions within 24 months.

The target investment range is $250,000 to $1.5 million per startup and focus areas are AI/Machine Learning, Cloud Infrastructure, Digital Health, Quantum Computing, Cybersecurity.

The portfolio size will be 15-20 carefully selected companies over 24 months.

The commitment will also strengthen Texas as a hub for international tech talent entering the US market and accelerate breakthrough technologies in AI, health care, and cloud infrastructure. Portfolio companies are also projected to contribute $50-100 million in US economic activity within three years.

Ali is the founder and CEO of Data Vault, Pakistan’s first solar-powered and quantum-encrypted AI data center, co-founder of Zahanat AI, the country’s first indigenous GPT model, and COO of AppsGenii Technologies. 

As a TEDx speaker and Forbes Technology Council member, Ali’s track record in AI innovation, cybersecurity, and operational excellence “makes her uniquely qualified to identify transformative technologies ready for US market expansion,” JR Dallas said. 

Mudassir is the founder & CEO of AppsGenii Technologies, operating across the US, UK, and Pakistan, and co-founder of multiple successful ventures including GharPar, BoxesGen, and Dental Connect. He is also a Central Executive Committee Member at P@SHA, Pakistan’s largest IT trade association. 


Pakistan rejects Israel’s recognition of Somaliland, alleged plans to displace Palestinians

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Pakistan rejects Israel’s recognition of Somaliland, alleged plans to displace Palestinians

  • Israel last week became the world’s first country to recognize Somaliland, a breakaway region from the African nation
  • As per media reports, Israel has contacted Somaliland over potential relocation of Palestinians forcibly removed from Gaza

ISLAMABAD: Pakistan’s Acting UN Ambassador Usman Jadoon this week rejected Israel’s recognition of the breakaway Somaliland region by describing it as a unilateral and unlawful move, saying Islamabad stands opposed to any plans aimed at forcefully displacing Palestinians from Gaza. 

Last week, Israel announced it had recognized Somaliland, a breakaway African region that declared independence from Somalia in 1991. The move sparked anger among Muslim states, with 21 Islamic nations and the Organization of Islamic Cooperation (OIC) rejecting Israel’s move collectively in a joint statement last week. 

Several international news outlets months earlier reported that Israel had contacted Somaliland over the potential resettlement of Palestinians forcibly removed from Gaza. Muslim countries fear Israel’s recognition of the breakaway region could be part of its plan to relocate Palestinians forcibly from Gaza to the region. 

“We strongly condemn the unilateral and unlawful recognition by Israel of the ‘Somaliland’ region of the Federal Republic of Somalia,” Jadoon, Pakistan’s acting permanent representative to the UN, said at a meeting of the Security Council on Monday.

“It is a direct assault on Somalia’s internationally recognized borders and constitutes a flagrant violation of international law.”

Jadoon said Israel’s move is alarming, especially when Somalia seems to be showing encouraging progress on its political and institutional trajectory.

“This positive momentum must be protected and reinforced, not undermined by actions that risk fragmenting the country and reversing hard-won progress,” he said. 

Jadoon pointed to Israel’s previous references to Somaliland as a destination for deported Palestinians, especially from Gaza, saying Tel Aviv’s recognition of the region in this context is “deeply troubling.”

It said Israel’s occupation of Palestinian land has been a source of conflict in the Middle East, noting that it was now exporting this “destabilizing conduct” to the Horn of Africa. 

“Pakistan unequivocally rejects any proposals or plans aimed at the forced displacement of Palestinians,” Jadoon said. “Any actions that advocate or imply displacement or resettlement not only violate international law but also undermine the prospect of a just and lasting peace.”

He said Islamabad stands firmly with the government of Somalia as it attempts to uphold peace and ensure progress in the country. 

“In conclusion, Pakistan calls upon the Security Council and the broader international community to speak with one voice and reject all actions that undermine Somalia’s unity and territorial integrity,” Jadoon added.