KARACHI: Information technology (IT) can empower Pakistan's manufacturing and services sectors, enabling them to make significant strides and regain international prominence, an industry official said on Tuesday. Umair Azam, founder and CEO of Integration Xperts, a technology firm in Pakistan, said IT sector could play a vital role in revitalising the national economy. He was talking to a group of journalists.
“IT sector not only contributes directly to job creation and inflows but also supports local organisations in enhancing their efficiency and profitability, ultimately generating more revenues for the government, Azam said.
According to him, the sector has consistently increased its contribution to the GDP (gross domestic product) over the past decade, currently standing at one percent, with immense potential for further growth in GDP contribution and exports in the coming years. Azam mentioned that cloud-based solutions could provide cost-effective options for manufacturers to invest in business transformation, allowing them to pay only for the services they utilise, rather than purchasing expensive on-premises systems.
A representational image of gold jewellery. — AFP/fileKARACHI: Gold prices increased by Rs1,000 per tola on Friday...
A representational image of oil pump. — AFP/fileBUDAPEST: Hungary will face fuel shortages from September if full...
A man stacks gas cylinder in street stall, as Venezuela prepares for elections, July 20, 2024. —...
A man looks at a chart on display in an electronic board at the digital trade on June 17, 2022. — AFPGENEVA: Efforts...
On the screen, the video of the fighting game is being shown to the citizens. — AFP/fileSHANGHAI: A long-haired...
New British finance minister Exchequer Rachel Reeves speaks at an event in London on July 8, 2024. —...