PSEB Awards Held in Islamabad to Recognize Pakistan's Top IT Brands | Pakistan News Digest

PSEB Awards Held in Islamabad to Recognize Pakistan’s Top IT Brands

Pakistan Software Export Board IT Export Awards were held today at Aiwan-e-Quaid Auditorium, Islamabad. The event was attended by Federal Secretary, IT and Telecommunication, Mr. Maroof Afzal, PSEB Board members, senior government officials and representative of Pakistan's IT Industry.

The Federal Secretary IT & Telecommunication lauded the IT sector for its contributions to Pakistan. He said that Pakistan's IT industry has reached an important milestone in its journey and has positioned itself to become one of the leading countries in the software and outsourcing services market and that it is vital at this stage to attract major investments in the IT sector.

He further stated that improving IT export remittances by IT companies to the State Bank of Pakistan is a step in the right direction and that several recommendations based on industry consultations for ease of business and hence improving IT export remittances have been proposed and are under consideration by the senior leadership of the Government.

PSEB IT Export Awards is an immensely important yearly event in which Pakistan's top IT exporters are recognized for their contributions to Pakistan's economy and therefore to the growth of the IT Industry in Pakistan. These exporters carry the flag of Pakistan high and contribute towards projecting Pakistan as a vibrant and dynamic nation brimming with top-notch talent and high-end expertise. It is no coincidence that the winners of this year's awards are providing services to world's largest and most reputed companies across the globe.

Federal Secretary for IT & Telecommunication, distributed the trophies to the winners. Top IT exporters for 2018 include NetSol Technologies, S&P Global Pakistan and Systems Limited.

Top IT Products and Solutions exporters were Netsol Technologies, i2c Pakistan and Mentor Graphics.

In IT Consultancy Services export category, winners were Systems Limited, Teradata Global Consulting Pakistan and Afiniti Software Solutions.

Business Process Outsourcing export awards went to S&P Global Pakistan, Ibex Global Solutions and MTBC.

Call Centre Services awards went to SBT Pakistan, Ahsan Enterprises and Mindbridge. Top IT Startups exporters were Digitronics Labs, Synavos Solutions and 3D Modelling Services.

Managing Director, Pakistan Software Export Board, Syed Ali Abbass Hasani said that in line with the policy of the current government to bolster the IT Industry, all possible government incentives are being offered to the IT industry including zero income tax on IT exports till June 2025, zero income tax for PSEB registered IT start-ups for 3 years, up to 100% foreign ownership of IT companies, up to 100% repatriation of profits for foreign investors, and tax holiday for venture capital funds till 2024.

He said that the IT industry is already among the top 5 net exporters of the country with the highest net exports in the services industries, the highest growth rate in comparison with all other industries, and the highest growth in the region. He said that it is a matter of great pride that Pakistan is ranked the 3rd most financially attractive location in the world for offshore services, according to A.T. Kearney's Global Services Location Index. There are more than 6,000 IT & Allied companies are currently registered with SECP comprising of both domestic and export-oriented enterprises. Whereas, PSEB has over 3,000 active member companies. The number of IT companies is expected to surge with rise of entrepreneurship in the younger population of the country.

MD PSEB congratulated the winners of PSEB IT Export Trophy and thanked the Federal Secretary IT & Telecommunication, Mr. Maroof Afzal and the esteemed guests in recognizing and applauding the real heroes of the IT industry.

Source: Pro Pakistan

   

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