Pakistan's IT sector witnesses 30-50pc growth

[Naveed Yaseen]

KARACHI, Nov 4: Pakistan’s IT and ITES sector has been growing at the rate of between 30 and 50pc annually. This growth is being witnessed for the past five years with the largest member of companies grossing between $15 and 30m in annual revenue and receiving $100m valuations.

“Many that started with a small number of people have grown to strong 40-50 people product companies or service companies with teams of 300 to one,000 people, and this growth has resulted in high-paid employment for knowledge workers and an increasingly changing image of technology savvy Pakistan,” said Imran Zia, Chairman, Pakistan Software Houses Association in his opening remarks at the annual flagship ICT awards event recently.

In its 4th year, the awards event recognised creativity and innovation in the local ICT sector and encourages excellence, the emergence of new ideas and entrepreneurship and was attended by a 300 strong contingent from the corporate sector, the ICT sector, the government and faculty and university students, says a press release.

http://www.dawn.com/2008/11/05/ebr17.htm