‘Significant share of US companies in IT field expected' -Pakistan Press Foundation (PPF)

Paksitan Press Foundtion

‘Significant share of US companies in IT field expected’

ISLAMABAD (February 17 2008): Pakistan is expected to acquire a significant share of American companies outsourcing agreements in the field of Information Technology as a number of companies have shown interest in tapping the rich potential of Pakistani IT industry.

“Several renowned companies in USA, during the recent series of meetings with a visiting Pakistani delegation, expressed their willingness to outsource various projects to Pakistani companies,” spokesman of Pakistan Software Export Board (PSEB) disclosed while talking to the media here on Saturday.

The spokesman hoped that outsourcing projects from USA companies to Pakistan would provide job opportunities for local skilled professionals, boost IT exports, thus earning foreign exchange.

The Pakistan delegation, led by PSEB Managing Director Yusuf Hussain, held detailed meetings with leading corporations, trade chambers, academia and IT companies at Houston, Austin, Polo Alto and Chicago, reputed to be the hub of IT business.

“These meeting have generated valuable business leads, which are likely to transform into successful business ventures”, he mentioned. He stated that the USA companies that are considering outsourcing IT projects to Pakistan are Yahoo, J.P. Morgan, Motorola, Sun Microsystems, Continental Airlines, Chase Bank, Houston IT Department, Prime Communications, American International University Houston, Cyber Tex, Cadence and Goldman Sachs.

Some American universities and institutes of learning have also shown interest in developing a student exchange programme with Pakistan and to open training centres in the country, which is an encouraging sign for the local IT industry.

The visit of Pakistan IT delegation was arranged by PSEB in collaboration with Texas Trade Council (TTC), Organisation of Pakistani Entrepreneurs of North America (Open) and Embassy of Pakistan in the USA. The Pakistani IT companies which participated in these sessions and special events included Alp-BSM, CTO 24/7, Invaterra, LMKR, Netpace, Palmchip Pakistan, Progressive Systems, Server4Sale and Xorlogics Inc.

The Pakistani delegation met the Texas Secretary of State Phil Wilson and briefed him about the tremendous growth generated by the Pakistan IT sector and the investment opportunities available in the country. The delegation also attended a business networking event “Think Global, Act Local”, jointly arranged by the Asian Chamber of Commerce, TTC, Asian Pacific American Heritage Association and Galleria Chamber of Commerce.
Source: Business Recorder
Date:2/17/2008