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Business & Commerce

Govt eyes increasing software exports to $10bn

To achieve this target, a 40-acre ‘software city’ will be constructed in Islamabad Prime Minister Imran Khan on Friday chaired a meeting on the information technology sector, wherein it was decided that the government would try to boost software exports to $10 billion. To achieve this target, the meeting decided that a 40-acre software city would be constructed in Islamabad. “All Pakistani organizations will use locally developed software.” According to…

Pak Digital Transformation, Economy Summit

To highlight and discuss Pakistan’s potential in digital economy growth, the Global Systems of Mobile Association (GSMA) will hold a high level Summit on February, 25, 2020 at “MWC Barcelona 2020” in Spain, in collaboration with Pakistan Telecommunication Authority (PTA) and Ministry of Information Technology & Telecom (MoIT&T). This was informed by Mr. Julian Gorman, Head of GSMA, APAC in a meeting with Chairman PTA, Maj. Gen. (R) Amir Azeem…

Egyptian company to invest $500m in Pakistan’s energy sector

Egypt’s Ambassador to Pakistan Ahmed Fadel Yacoub said the Egyptian company El Sewedy Electric has expressed its intention of investing $500 million in Pakistan’s energy sector and has already completed the feasibility study in this regard. It is one of the largest Egyptian companies that has investment in many countries,” he said. The envoy noted that there was a huge potential for trade and investment between the two countries. “We…

Pakistan may be the next big Asian market for tech startups: report

Pakistan may the big Asian market for tech startups according to a report published by Germany’s Deutsche Welle. The report posits that there is growing interest in tech among Pakistan’s young population where the increasing level of local capital being employed in the economy is creating more opportunities for tech entrepreneurs. “Pakistan’s tech ecosystem has been slowly gaining momentum in the last few years,” says Hena Husain, founder of London-based communications startup…

Saudi Shoura approves investment in Pakistan’s renewable energy sector

The Shoura of Kingdom of Saudi Arabia has approved the Memorandum of Understanding (MoU) signed between the Kingdom and Pakistan for developing renewable energy projects. “Al-Shoura approves a draft MoU between the government of the KSA and the government of the Islamic Republic of Pakistan in the field of developing renewable energy projects,” tweeted the Shura Council Saudi Arabia. The cooperation on renewable energy Pakistan and Saudi Arabia was initiated…

Telenor Velocity’s Game Launcher jet sets the path for game developers in Pakistan

The software industry of Pakistan has incurred immense progress in the past decade; however the gaming industry still awaits exploration 15as it remains largely untapped. Foreseeing the incredible potential of the thriving gaming industry in terms of portfolio diversification, employment and revenue generation, software companies have begun contemplating serious investments in the country. Telenor Pakistan has been an active catalyst in developing the ecosystem of the Pakistani gaming industry. In…

Digital Pakistan Internship Portal launched

First-ever Digital Pakistan Internship Portal launched here in a ceremony held at a local hotel on Wednesday to accelerate the growth of Information Technology sector through creating a bridge between industry and academia for problem solving and automate the hiring of interns by IT companies. The portal was inaugurated by Federal Secretary Ministry of Information Technology and Telecommunication, Shoaib Ahmad Siddique. The newly developed, state of the art portal would…