Mission

"PSEB mission is to enable fast track sustainable growth of Pakistani IT industry."

Industry Overview

Pakistan is fast becoming the destination of choice for a significant number of international IT/ITeS companies looking to relocate their operations offshore. The ready availability of skilled professionals, an appropriate IT infrastructure, and affordable rates for connectivity result in considerable time and cost-savings for entrepreneurs.

  • Pakistan's IT industry's global share is estimated at US$2.8 billion.
  • A skilled workforce of 110,000 English-speaking IT professionals in the economy, of which 24,000 are engaged in exports.
  • Nearly 1500 companies. Two are listed on the Karachi Stock Exchange (KSE), 2 on the National Association of Securities Dealers Automated Quotations (NASDAQ) and 1 on the Dubai International Financial Exchange (DIFX).
  • Nine STPs offering around 700,000 square feet of IT-enabled office space.
  • Seven multinational companies have 'Development Centers' in Pakistan.
  • 110 ISO 9001, 23 CMMi and 11 ISO 27001 certified companies.
  • A strong telecom sector supports the IT industry's development.

MOBILE, GAMING & ANIMATION INDUSTRY

Mobile, Gaming & Animation Industry Whether it is Babar Ahmed whose Mindstorm Studios created Cricket Revolution™ – the first PC game produced by a Pakistani gaming outfit to sell in retail stores internationally – and recently launched the official game of the ICC WorldCup 2011; brothers Rizwan and Irfan Virk whose GameView Studios created the successful Tap franchise and was recently acquired by Japanese social gaming giant DeNA; Hasan Rizvi whose Pepper.PK made history by developing two top-ranking paid BlackBerry applications at BlackBerry’s AppWorld store; Murad Akhtar who left Stanford and Silicon Valley to form Tintash, dedicated to creating innovative casual games designed for the iPhone, iPad, and Android platforms; or Umair Javed of TkXeL who prides himself in creating not one but two 100% "Made in Pakistan" mobile applications and gaming companies from a university lab in Lahore, Pakistan’s mobile, gaming, and animation scene is increasingly a hotbed of a new generation of exciting entrepreneurs seeking their fair share in the riches and prosperity of a new age of infotainment, and in the process making a point to the rest of the world.

PAKISTAN’S FINANCIAL SOFTWARE INDUSTRY

Pakistan’s IT industry that has been overtaken, only recently, by the boom in the telecommunications sector. Pakistan’s financial services technology industry is also quite diversified – both in terms of the geographical-market footprint, and the coverage of various sub-sectors – and has shown considerable resilience in the wake of the recent global financial crisis, whose impact has been particularly severe and prolonged on the developed financial markets in the United States and Europe.

From a market thrust standpoint, for instance, the financial services technology companies have been varied, and can be divided into three distinct streams:

• Focussed towards the developed world, especially the European Union (EU) and the United States (US)
• Focussed towards rest of the world, especially the Asia-Pacific (AP) region
• Focussed towards the emerging markets and developing countries in the Middle East and North Africa (MENA), including, Pakistan’s domestic market at home

In each of these markets, Pakistani IT companies face and respond to a different set of drivers, challenges, and opportunities commensurate with the level of maturity, regulatory needs, demands of the endconsumer, and growth prospects.

GLOBAL HEALTHCARE

In 1997, Bilal Hashmat founded CureMD – a New York - based company – to provide IT solutions to the growing US healthcare market. The first company in the world to oer cloud - based services to the healthcare industry, CureMD today is one of the top-ranked healthcare IT providers in the United States. Kubair A. Shirazee’s Ikonami Ltd. recently concluded an acquisition of its very successful suite of learning, competence, and performance management products focussed on the UK healthcare industry by Radclie Publishing Ltd., whose parent company, Electric Word plc, a specialist information publisher focussed on the healthcare vertical. With the product installed in 410 hospital trusts of the National Health Service (NHS), Ikonami Pakistan can pride itself on contribution to one of the largest healthcare providers in the world.