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. 


Russia urges diplomacy, offers assistance to ease Pakistan-Afghanistan tensions

Updated 16 November 2025
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Russia urges diplomacy, offers assistance to ease Pakistan-Afghanistan tensions

  • Pakistan, Afghanistan engaged in fierce clashes last month after Pakistan hit what it said were TTP-linked targets in Afghanistan
  • Tensions remain high between the neighbors after two subsequent rounds of talks in Istanbul failed to firm up an Oct. 19 ceasefire

ISLAMABAD: Russia has urged Pakistan and Afghanistan to resolve their differences through political and diplomatic means and offered to assist both sides in lowering tensions, Pakistani state media reported on Sunday, citing a Russian broadcaster.

Pakistan and Afghanistan engaged in fierce clashes along their shared border on Oct. 11 after Pakistan conducted airstrikes inside Afghanistan against what it said were Tehreek-e-Taliban Pakistan-linked targets.

While the two sides reached a ceasefire in Doha on Oct. 19, tensions remain high between the neighbors after two subsequent rounds of talks to firm up the truce failed in Istanbul.

Islamabad wants the Afghan government to take "verifiable" actions against militant groups operating on Afghan soil. Kabul denies harboring TTP or other groups and wants its territorial sovereignty to be respected.

“We call on Kabul and Islamabad to resolve any disagreements exclusively through political and diplomatic means and by peaceful methods,” Russian foreign ministry spokesperson Maria Zakharova was quoted as saying by TASS news agency at a press briefing this week.

“The Russian Federation is always ready to contribute to promoting peace if it is requested by the conflicting parties. We have such experience, and we are ready for it.”

The TTP has been behind some of the deadliest attacks in Pakistan since late 2000s. The group has stepped up its attacks against Pakistani security forces and law enforcement agencies since the Taliban’s return to power in Afghanistan.

Zakharova said that tensions between Pakistan and Afghanistan “remains a matter of concern not only for Russia but… for the entire international community,” adding that “Russia stands in solidarity with its partners.”

There have also been reports that Iran is planning to hold a regional meeting to mediate between Afghanistan and Pakistan.

While there has been no comment by Pakistan on the statement by the Russian foreign ministry spokesperson, Pakistani foreign office spokesperson Tahir Andrabi on Sunday said that Islamabad welcomes Iran’s offer of mediation and will “not shy away from” it, Pakistan's Dawn newspaper reported.

“Pakistan is always in favour of finding peaceful resolutions of issues through dialogue and diplomacy, and we appreciate the offer of mediation of our brotherly country, Iran,” Andrabi was quoted as saying by the newspaper.

“We believe that Iran can play an important role. We would not shy away from any mediatory role by Iran. Mediations are always welcome,” he said, adding that Pakistan had a “very strong case.”

“Generally, mediations are resented by a country or a side which is on a weak legal or a political case. Pakistan’s case on this issue, on terrorism emanating from Afghanistan, is very strong. So, obviously we will not shy away from mediation.”