PSEB hails Saudi IT investment

KARACHI: The IT industry on Saturday welcomed a significant equity investment by a Saudi Arabian investor group in SuperNova Solutions, a leading enterprise resource planning (ERP) provider.

Aisha Moriani, CEO of the Pakistan Software Export Board (PSEB), said the will showcase Pakistan's IT capabilities on the global stage. She credited the joint efforts of the Special Investment Facilitation Council (SIFC), PSEB, and P@SHA for attracting foreign investment.

Muhammad Zohaib Khan, chairman of the Pakistan Software Houses Association (P@SHA), echoed Moriani's sentiment, highlighting Pakistan's growing prominence as a major player in the international tech scene.

Rashid Hakeem, chief executive of SuperNova Solutions, apprised that the investment is one of its kind and a substantive leap forward in Pakistan’s investment landscape. "This investment makes us go global; establish a strategic presence in the regional IT market and encourage other investors to embark on more partnerships, collaborations and JVs," Hakeem said. "The partnership will enhance Pakistan’s competitiveness, digital transformation and ERP implementation competencies, services and exports."

Muhammad Ghazali, Saudi Arabia-based investor, specifically thanked Khaled Saad Al-Sabti - a key investor from Saudi Arabia in IT & tech sectors - for investing into Pakistan’s IT sector. @His trust and confidence in Pakistan will bring a renewed attention of the world investors into Pakistan's IT industry."