Latest news with #UmairNizam
Business Recorder
08-05-2025
- Business
- Business Recorder
26th edition of ITCN Asia from 9th at Expo Centre
LAHORE: The 26th edition of ITCN Asia, Pakistan's IT and telecom expo and conference, will take place on May 9 to 11 at the Expo Centre in Lahore. The event is set to focus on significant goals of the Special Investment Facilitation Council (SIFC) to facilitate investors, exporters, and entrepreneurs of the IT industry, making Pakistan an emerging tech hub in the world, said the event organisers on Wednesday. The 26th ITCN Asia is being presented by Tech Destination Pakistan and supported by the Ministry of IT and Telecom, the Pakistan Telecommunication Authority (PTA), the Pakistan Software Export Board (PSEB), the Federation of Pakistan Chamber of Commerce and Industries (FPCCI), Ignite, CISO Global Forum, and the Pakistan IT Industry Association (P@SHA). Over 1,500 leading global and local brands are participating in the event with more than 600 exhibition booths, including Google, Chrome OS, Qatar Financial Centre and Infotech Group. The event will also host the World CISO Summit and Awards, a global event held in 55 countries, further solidifying Pakistan's position in the global tech landscape. The event will host more than 60,000 visitors from the tech sector, including foreign delegates from different countries, including Saudi Arabia, China, Singapore, Qatar, Bahrain, Turkey and the UAE. Several knowledge sessions will be held, such as AI, Cybersecurity, Entrepreneurship, Web3 and Fintech. Event Director Umair Nizam said that Pakistan is all set to host its premier event for the IT and tech sector with excitement and enthusiasm to project the country as the tech destination of the world. 'Every year, ITCN Asia provides a platform for all stakeholders, from policymakers to global and local tech giants, professionals, and thinkers, to set a direction for a country toward innovation, development, and economic growth,' he added. Copyright Business Recorder, 2025
Express Tribune
27-02-2025
- Business
- Express Tribune
Remittances and exports rise in first seven months of fiscal year
Listen to article Pakistan recorded an increase in remittances, exports, and imports during the first seven months of the current fiscal year, according to the Ministry of Finance's monthly economic outlook report, Express News reported on Thursday. The report said remittances rose by 25.2% from July to January, while exports climbed by 9.7% and imports by 16.8%. The current account showed a surplus of over $680 million during the period. Foreign exchange reserves held by the State Bank of Pakistan increased from $8 billion to over $11.2 billion, while the rupee remained stable. The Federal Board of Revenue's (FBR) tax collection grew by 26.2% in the first six months, with non-tax revenue rising by 82%. The fiscal deficit fell by 36.1% during the same period. Inflation dropped from 28.7% to 6.5% over seven months, the report added, while more than 63,000 Pakistanis went abroad for employment in January. IT sector eyes $25m in exports to Qatar Moreover, Pakistan's IT exporters plan to increase the export of IT and IT-enabled services to Qatar, a key potential market, to $25 million in the next few years. In collaboration with the Ministry of IT and Telecommunication (MoITT), the Pakistan Software Export Board (PSEB), and the Special Investment Facilitation Council (SIFC), IT exporters are working on aggressive strategic expansion plans in both traditional and emerging markets with cutting-edge products and services. As part of this initiative, a delegation of 10 IT companies with over 30 delegates is attending Web Summit Qatar 2025, one of the world's leading technology conferences. The delegation is showcasing Pakistan's dynamic IT and tech innovation landscape at a dedicated Pakistan Pavilion. Pakistan Software Houses Association (P@SHA) Senior Vice Chairman Umair Nizam said that Qatar's significant market is now opening up for Pakistani IT companies in a meaningful way due to the strides of Pakistan's IT industry, backed by the SIFC, PSEB, and MoITT.
Express Tribune
27-02-2025
- Business
- Express Tribune
IT sector eyes $25m in exports to Qatar
Listen to article Pakistan's IT exporters plan to increase the export of IT and IT-enabled services to Qatar, a key potential market, to $25 million in the next few years. In collaboration with the Ministry of IT and Telecommunication (MoITT), the Pakistan Software Export Board (PSEB), and the Special Investment Facilitation Council (SIFC), IT exporters are working on aggressive strategic expansion plans in both traditional and emerging markets with cutting-edge products and services. As part of this initiative, a delegation of 10 IT companies with over 30 delegates is attending Web Summit Qatar 2025, one of the world's leading technology conferences. The delegation is showcasing Pakistan's dynamic IT and tech innovation landscape at a dedicated Pakistan Pavilion. Pakistan Software Houses Association (P@SHA) Senior Vice Chairman Umair Nizam said that Qatar's significant market is now opening up for Pakistani IT companies in a meaningful way due to the strides of Pakistan's IT industry, backed by the SIFC, PSEB, and MoITT. Pakistani companies are presenting cutting-edge IT solutions, software services, and innovative tech products. Their participation reinforces Pakistan's position as a rising hub for IT and digital services, fostering connections with international investors, partners, and technology leaders, he said. Nizam added that Pakistan's IT companies are also likely to attract investments, joint ventures, and collaborations with Qatar-based IT firms, along with export orders for IT services to Pakistan. He stressed the critical role of public-private partnerships in driving Pakistan's tech industry forward, encouraging Pakistani companies to seize global expansion opportunities. Qatar remains a key export destination for Pakistani tech companies, as growing engagement is expected to unlock new business opportunities, investments, and knowledge-sharing in key technology sectors. Pakistan's total exports to Qatar stand at nearly $200 million, with the IT sector's share estimated at $10 million. The Pakistan Pavilion was officially inaugurated by Pakistan's Ambassador to Qatar, Lt Gen (retd) Muhammad Aamer, PSEB CEO Abu Bakar, and P@SHA SVC Umair Nizam, marking a significant milestone in strengthening Pakistan-Qatar technology ties. Speaking at the inauguration, the ambassador highlighted the strength of Pakistan's IT sector and its potential for international collaborations. PSEB CEO Abu Bakar emphasised the government's unwavering support for IT exports and global partnerships, underscoring initiatives aimed at accelerating the industry's growth. Dr Noman Said, an IT exporter, said Qatar is an emerging market for Pakistani companies after Saudi Arabia and the United Arab Emirates (UAE), with huge potential to explore new business avenues not only in the IT sector but across various industries requiring IT services. Under the National Qatar Vision 2030, the Qatari government is working to promote the digital economy and governance systems, creating significant opportunities for Pakistani IT firms, he said. He added that, beyond exports, Pakistani IT companies should attract investments from Qatari investors and capitalists with effective strategies and marketing campaigns. Meanwhile, Web Summit Qatar 2025 has provided Pakistani IT firms with unparalleled networking and business opportunities, fostering valuable partnerships with international stakeholders. Pakistan's successful participation at the summit highlights its increasing role in the global tech ecosystem, paving the way for future cross-border collaborations.
