THE WORLD Economic Forum has placed Pakistan 97th in a list of 143 countries it evaluated for business and innovation environment in its Global Information Technology report 2015.
Being second in a series of a 10-pillar performance monitoring report, the business and innovation environment pillar evaluated the performance of gateways to entrepreneurship in Pakistan, as well as the structure of systems that boost business in the Information Technology (IT) sector.
This evaluation considered not just the ease of starting and doing business in the country, but also gauged the availability of technology, access, strength of conditions harbouring innovation and creativity and presence of investment capital. The report measured facilitation by the government through policies and incentives and the presence of an active, learned labour force in the IT industry.
Released on April 15, 2015, the report depicted an upward trend in Pakistan for the second pillar, while a score of 3.9 out of 5.0 indicated a promising growth in avenues leading to innovation and business in the IT sector of the country.
The countrys IT sector is continuously bettering its contribution to the growing GDP per capita of Pakistan, which has visibly gone beyond the $1,307 mark reported in 2013.
The remarkable growth of the IT industry is the cumulative outcome of an improved quality of engineering and management schools, a reduction in the time required to start a business, a maturing intensity of local competition and the easy availability of latest technology.
Helping the countries other industries grow as well, the IT sector is being led by skilful business leaders who balance a potent mix entrepreneurial skills and IT expertise to propel the industry forward.
Making a mark in the budding entrepreneurial and tech wiz-world of Pakistan are brothers Zeeshan and Imran Ali Khan who founded the countrys leading property e-portal, Zameen.com, in 2006.
Bringing real estate investors, agents, property buyers, sellers and renters to a single holistic platform, the talented duo has taken the real estate sector by storm and revolutionized an industry that until late relied on outdated methods of business.
Introducing pioneering tools for property searching and analysing real estate trends, Zameen.com has brought laurels for both the IT and real estate sectors.
Their success is encouraging many other individuals to establish online businesses by utilizing the continuously improving technology infrastructure in Pakistan.
With strengthening IT sector, other industries like energy, education and health are also ameliorating immensely and benefiting from both the technology and the people who make technology work wonders in everyday concerns.
Technology Times Web team handles all matters relevant to website posting and management.