Lahore University of Management Sciences as one of the world’s top young innovators, and several Pakistani software applications earned international awards.
Although Pakistan is a relatively small player in global IT, its ranks are growing, with about 1,500 registered firms and 10,000 IT grads entering the market annually.Could the Axact scandal taint an industry that is a major success story in a country that is seemingly a magnet for bad news? Axact grandiloquently (and falsely) describes itself as the “world’s leading IT company.” Still, the firm does sell some software products.
It’s possible Axact’s preexisting reputation as an outlier will help Pakistan’s IT industry escape this affair relatively unscathed. Pakistani journalist Farieha Aziz tweeted at me Monday: “I don’t think anyone ever really considered Axact as part of the IT sector. It was always more of a stand-alone entity.”
Regardless, Axact will face scrutiny in the coming days and weeks. So could Bol, the splashy new media network that is planning to launch this year and has attracted some of Pakistan’s most prestigious media personalities. Bol promises “to bring a revolution” to the country’s crowded mediasphere. But the force behind Bol? Shoaib Ahmed Shaikh, the chief executive of Axact.
KARACHI: An assistant sub-inspector was martyred and a station house officer remained unhurt in a firing incident in...
JERUSALEM: Israeli forces on Sunday prepared for the demolition of the east Jerusalem family home of a Palestinian man...
ISLAMABAD: Pakistan has taken a range of legislative, policy and institutional steps to advance the human rights...
JEDDAH: Driver Tharaa Ali takes her seat at the helm of a high-speed train ferrying pilgrims to Makkah, a beneficiary...
MUMBAI: India’s rising tide of Hindu nationalism is an affront to the legacy of Mahatma Gandhi, his great-grandson...
ISLAMABAD: An earthquake of 6.3 magnitude jolted Islamabad and other parts of the country on Sunday afternoon.Talking...
Comments