Pak provides apt environment for IT -Pakistan Press Foundation (PPF)

Paksitan Press Foundtion

Pak provides apt environment for IT

KARACHI – Awais Ahmed Khan Leghari, Federal Minister for IT and Telecom said on June 7 that the ministry is trying its best to provide an apt environment to entrepreneurs for setting up their businesses in Pakistan.

“The government is very much committed to extending whatever support it can to the Business Process Outsourcing industry which I believe has the potential to generate over 20,000 jobs in Pakistan within the next one year,” he told a one-day video conference organised by OPEN in the Silicon Valley, USA.

“I would encourage you people to visit Pakistan and see for themselves the strides made in the telecommunications infrastructure, which is the best in the region,” a ministry statement quoted him as saying.

Over 300 high net worth individuals, mostly US-based Pakistani entrepreneurs, attended the conference.

Speaking from National Telecommunication Corporation headquarters, Leghari along with Zia Chisty who runs TRG, the only Pakistani IT company traded on the Karachi Stock Exchange, responded to various queries raised by the participants.

“There is enough capital available within the country as long as a sensible business plan is presented to would-be investors,” he said.

He cited the TRG, which alone had managed to raise nearly $35 million from the local market, which the minister said was an indication of the confidence that Pakistani investors had in a well thought out IT business.

OPEN is a voluntary non-profit association dedicated to the promotion of entrepreneurship within the Pakistani community in the US. Established in Boston in 1998, OPEN has chapters in Boston, New York and the Silicon Valley.
Source: The News
Date:6/8/2004