Pakistan appearing on IT's world map'
This entry was posted on 1/26/2007 11:30 PM and is filed under Future of IT in Pakistan.
KARACHI (January 26 2007): Pakistan is coming on the international map especially in the realms of IT for the past few years. The Country General Manager of IBM Pakistan, Humayun Bashir, said. He was speaking at the launching of the GBM at a local hotel on Wednesday.
Humayun Bashir said Pakistan is coming on the international map owing to the steady GDP growth of six to seven percent which the country has achieved as well as its foreign exchange reserves besides and better governance today. He was of the view that the journey is more or less reasonably clear in terms of improving the governance process.
The IBM Pakistan chief pointed out that this is the result of the stability and the growth that the companies like the GBM, banking sector and others are interested in Pakistan. He said that Pakistan has seen foreign direct investment (FDI) in excess of three billion dollars a year on average.
This should go up to five billion dollars next year in Pakistan not just in the field of IT, telecom or banking but we are seeing a lot of investment in the energy as well as the construction sector. Humayun Bashir said that some of the initial movers are our brothers and friends from the Middle East. He said that this started with the PTCL, Bank Al Falah, United Bank, Faysal Bank, Union Bank.
Copyright Associated Press of Pakistan, 2007
