Tag: firms

IT remains 3rd highest sector for new firms enrolment

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article image STAFF REPORT ISB: Despite human resource challenges and tax issues, IT sector has been flourishing in Pakistan at least in terms of new company registrations. Fresh data shows that 413 new IT companies registered with Securities and Exchange Commission of Pakistan (SECP) during July-2015 to March-2016 as the IT Industry came third in registration of new companies during current financial year till March 2016. On average, 45 new IT companies enrolled with the authority per month…Read More

50 foreign firms to showcase latest tech in Lahore

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article image STAFF REPORT LHR: The expected participation of at least 50 foreign companies in the upcoming China Agro Chemical (CAC) Summit shows their interest in the agricultural potential of Pakistan, said Lahore Chamber of Commerce and Industry (LCCI) President Sheikh Muhammad Arshad. The summit, scheduled to be held on May 9 and 10 in Lahore, is expected to be attended by representatives of Indian, Chinese, Iranian and Egyptian companies. "This would add another chapter of success…Read More

PSEB to help 89 IT firms get free certification

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article image STAFF REPORT ISB: The Pakistan Software Export Board has been given the go-ahead and funding to help IT companies in Pakistan get internationally certified. With the project titled Enhancing IT Exports Through Industry Support Programs’, PSEB is aiming to boost the country’s IT exports from Rs. 2 billion per annum to Rs. 10 billion by 2025. The Rs. 265 million plan, which has been formulated in close collaboration with the industry, will see 30 IT companies being assisted in…Read More

PSEB to help 89 IT firms get free certification

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article image STAFF REPORT ISB: The Pakistan Software Export Board has been given the go-ahead and funding to help IT companies in Pakistan get internationally certified. With the project titled Enhancing IT Exports Through Industry Support Programs’, PSEB is aiming to boost the country’s IT exports from Rs. 2 billion per annum to Rs. 10 billion by 2025. The Rs. 265 million plan, which has been formulated in close collaboration with the industry, will see 30 IT companies being assisted in…Read More

Pakistan a rising market for world firms: German envoy

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article image STAFF REPORT LHR: With a young and growing population of nearly 200 million people, Pakistan is an interesting market, which cannot be ignored in the long-run by multinational companies, said German Ambassador to Pakistan. Ina Lapel while recently Inaugurating first office of leading German Technology Company Bosch, she said that latest venture of German giant is an important milestone in our bilateral economic relations with Pakistan. Steven Young, President, Bosch Turkey and…Read More

Pakistan a rising market for world firms: German envoy

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article image STAFF REPORT LHR: With a young and growing population of nearly 200 million people, Pakistan is an interesting market, which cannot be ignored in the long-run by multinational companies, said German Ambassador to Pakistan. Ina Lapel while recently Inaugurating first office of leading German Technology Company Bosch, she said that latest venture of German giant is an important milestone in our bilateral economic relations with Pakistan. Steven Young, President, Bosch Turkey and Middle…Read More

Buksh joins hands with foreign firms for renewable energy

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STAFF REPORT LHR: Foreign firms along with a local company Buksh Energy have recently agreed to invest around $400 million in Punjab to generate 200 megawatts of electricity through renewable sources. "We are waiting only for a final policy from the Punjab government to generate 200MW via renewable power solutions, in particular wind energy, which will immediately bring foreign investment worth $400 million in the country," said Buksh Energy Chief Executive Asim Buksh told media…Read More

Saudi, Pak IT firms sign B2B agreements

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article image MONITORING REPORT ISB: Over five IT, telecom and technology firms from Pakistan have recently have reached agreements with several Saudi companies to cooperate in related fields in the Kingdom. These companies had participated in the TECH Seminar organized by Pakistan Embassy’s Commercial Section in Riyadh. Global Control, MAS Holdings, Communication Concepts and Corporate Solutions are negotiating details of their engagements with Pakistan’s 360 Technologies, 360 Logics,…Read More

| agreements | B2B | firms | IT | Pak | Saudi | sign

Better future through IT firms mergers

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Business strategies have always been a focused point of business community across the world with a focal point of achieving progress and consolidating businesses. The world has witnessed a long list of mergers of renowned companies who later showed remarkable achievements by widening their areas of business. Mergers and acquisitions are both aspects of strategic management, corporate finance and management dealing with the buying, selling, dividing and combining of different companies. The…Read More

World firms to attend Iran power exhibition

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article image MONITORING REPORT ISB: Iran’s 14th International Electricity Exhibition will kick off in Tehran next week with the participation of a large number of Iranian and foreign companies. "The electricity will start on November 8-12 where 441 companies are going to participate," Deputy Energy Minister Hooshang Fallahatian told the media. "A sum of 15 percent of the Middle East’s electricity output will belong to Iran by 2015," Marvi said, addressing the 29th…Read More