US Software cos reluctant to honour import commitments -Pakistan Press Foundation (PPF)

Paksitan Press Foundtion

US Software cos reluctant to honour import commitments

KARACHI- Foreign Software companies, especially those based in the United States of America have expressed their inability to place further export orders to Pakistani software companies in the wake of USA and its allied attacks on Afghanistan.

They are now also reluctant to even honour their previous agreed commitments in view of rapidly changing situation the world over. This was claimed by Nadeem Malik, a member of Pakistan Software companies.

Nadeem Malik, who also worked as Project Manager, US Development of Commerce said that software companies were facing immense problems due to post September 11 events. These companies have already been facing various disadvantages in absence of incentives from the government and non provision of local e-government projects to the local software companies, the current situation have further added to their hardships.

He said war has started leaving negative impact on the business of software companies, as their contracts were not only being cancelled, but the payments against the work done by the local software foreign companies.

He said despite all assurance and support of Pakistan for its decision, the foreign companies were rather frightened, as according to them the situation in Pakistan was not conducive for the investment.

He said the government should devise such policies which encourage the IT professionals ad software developers so that they could be absorbed by the local companies.
Source: Dawn
Date:11/6/2001