Pakistan’s IT sector has recently seen a significant boost, securing a remarkable $500 million in investment pledges at the prestigious ITCN Asia tech expo. The event, which marked its 24th edition, witnessed the coming together of over 600 companies from both local and international IT, telecom, and allied sectors.
Organizers of the three-day expo revealed that the event resulted in numerous business deals and investment commitments, setting the stage for enhanced growth within Pakistan’s technological landscape. One of the major highlights of the expo was the hosting of various insightful sessions, including the AI Summit and Global Digital Summit.
Muhammad Umair Nizam, the vice president and event director of Ecommerce Gateway Pakistan, expressed his optimism about the impact of the event on Pakistan’s IT and telecom sectors. Nizam emphasized that the expo would play a pivotal role in attracting investment, boosting export revenues, fostering a startup culture, and promoting the adoption of artificial intelligence within the country.
ITCN Asia served as a comprehensive platform for showcasing innovative solutions across key sectors such as government, cloud services, cybersecurity, education, e-commerce, and artificial intelligence. The event focused on facilitating networking opportunities, knowledge sharing, and lead generation, with various conferences providing valuable insights for tech enthusiasts.
State Minister for Information Technology and Telecommunication, Shaza Fatima Khawaja, highlighted the government’s commitment to promoting Pakistan’s IT expertise on a global scale. Khawaja underscored the potential within the IT sector to empower the country’s youth, emphasizing the government’s initiatives to provide skill training and support for freelancers.
Moreover, Khawaja announced the government’s plans to offer affordable loans to the IT sector, as well as the launch of the Industry Academia Bridge Program aimed at bridging the gap between academia and industry. These initiatives are geared towards fostering a conducive environment for IT professionals and encouraging the growth of Pakistan’s digital economy.
The participation of international investors from 12 countries at the event signifies the global interest in Pakistan’s IT sector, with an estimated $500 million in investments expected to flow into the country. Leading technology companies from around the world, including Microsoft, Lenovo, and Dell, showcased their products and services at the expo, reaffirming Pakistan’s position as a key player in the global IT landscape.
Overall, the successful outcome of the ITCN Asia tech expo reflects Pakistan’s growing prowess in the IT sector and its potential to emerge as a hub for innovation and technological advancements. The event’s focus on collaboration, knowledge-sharing, and investment opportunities bodes well for the continued growth and development of Pakistan’s digital economy.
