Pakistan’s ITCN Asia Event Helps Secure $500 Million Investment Undertakings in IT

In this post:

  • The 24th ITCN Asia event has gathered interest in Pakistan’s IT and software industries from local and international investors.
  • Over 600 companies participated in the exhibition, including big brand names.
  • ITCN Asia is Pakistan’s largest tech event and provides a robust platform for the country’s vibrant youth.

The 24th ITCN Asia, which is Pakistan’s largest tech exhibition, has fetched over $500 million business for national and international firms in IT, AI, and telecom-related sectors, according to the organizers.

Over 600 companies participated in the three-day event, which concluded on Friday. An AI Summit and a Global Digital Summit were also part of the event, along with many other insightful sessions and networking opportunities.

24th ITCN Asia, the country’s largest tech event

The event was organized by Ecommerce Gateway Pakistan, and according to its event director and vice president, Umair Nizam, the event plays a key role in facilitating faster growth in the Country’s tech ecosystem, especially in the IT segment. He said,

“The biggest tech show will achieve various goals for the IT and telecom sectors soon, including investment inflows in Pakistan, growth in export receipts, strengthening of startup culture, the emergence of AI in the country.”

Source: Thenews.

ITCN Asia’s main focus areas are lead generation, networking, and knowledge sharing through conferences that facilitate a learning environment for technology buffs. It also offers an all-inclusive forum for displaying solutions in various sectors for example, cybersecurity, AI, ERP, cloud data, e-commerce, banking and finance, government-related, health and pharma, and also many more.

Source: Statista.

International brands participate as the country has vast IT potential

International investors from 12 different nations also participated in the event, which strengthens the country’s position as a stakeholder in the IT sector and its progress as it is producing 10,000 IT grads every year to meet the market demands.

Minister for Information Technology and Telecommunication Shaza Fatima Khwaja said that the government will provide loans to the IT sector at lower interest rates so that freelancers could prosper. She said that the government has also launched the Industry Academia Bridge Program for university students, which will help IT students to work together with the private sector to get their hands on practically working in the field while they study and secure jobs easily. She was speaking at the event to the Radio Pakistan, she said,

“Sixty eight percent of Pakistan’s population consists of young people and IT is a field that has a lot of opportunities available for them. The government’s vision is to bring as much skill training as possible for the youth in the IT sector.”

Source: Thenews.

Well-known companies like Microsoft, Dell, Lenovo, and NetSol, along with many other national and international firms, are part of the 3-day event. A public and private sector relationship is also fueling the success of the event, as the Pakistan Software Houses Association and Pakistan Software Export Board are jointly supporting the event in collaboration with other government and private organizations. 

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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