Tweet Wow, this seems to be a month of infrastructure announcements! The Punjab Internet City, the new EPZA software park in Karachi and now this $200M project to develop a 47 story IT tower in Karachi. The building will provide employment to 40,000 people, with 10,000 call center seats running out of the facility. According [...]
Tweet The New Scientist published a story about LUMS‘ PMB (Poor Man’s Broadband) software. This is a peer to peer architecture that is designed to accelerate downloads. It works somewhat like BitTorrent and other P2P applications, but there are some fundamental differences as well. For one, it’s focused on dialup users. For another, it implements [...]
Tweet The APP (Associated Press of Pakistan) carries a report on the fast growing IT industry in Pakistan. The figures quoted include the oft-used $2BN number for the overall IT industry. However, the annual growth rate disclosed in the story is a staggering 50%! Keep this going for4-5 years and you end up at $10-15BN, [...]
Tweet The Daily Times is running a story on the EPZA’s efforts to augment IT infrastructure in Pakistan. The export processing zone authority (EPZA) has launched a 6.5 acre facility in Karachi specifically for use by export oriented software companies. This comes at the heels of the software park developments taking place in both Islamabad [...]
Tweet While the US Dollar has been stressed by other currencies, including the Euro, which is at an all time high, the Pakistani Rs. has been kept relatively stable and has in fact, depreciated a little over 1 Rs. against the dollar. At a time when forex earnings are crucial, this makes Pakistani exports in [...]
Tweet I’m sorry, Ok!? I know this one is a bit off topic, but I am hostage to my aviation aficionado sensibilities. The Aerion is a private jet which travels at a brisk Mach 1.6 and will get Sheikh Rashid from Dubai to London in a little over 3 hours. The price: a mere $80M. [...]
Tweet If there’s ever been a flurry of news items that shows how ridiculous this media frenzy about the emergency has been, it’s this. In addition to the FDI news item we referenced earlier and the Omantel acquisition of Wordcall, we now have another one: NCR and Teradata held a ceremony in Karachi on the [...]
Tweet After Etisalat’s $2.6BN investment in PTCL, the feeding frenzy appears to be just beginning. OmanTel announced that they are acquiring a majority stake in WordCall, one of Pakistan’s largest multimedia and telecom company. Salman Taseer, as we all know, also runs the Business Plus channel, the Daily Times Newspaper, PACE Pakistan and WordCall Multimedia, [...]
Tweet So much for instability post-march 2007, it’s never been a better time for Foreign Direct Investment coming into Pakistan. The Business Recorder reports that remittances during October 2007 reached a high of $580.34M. That’s a 41% jump from the same period last year!! As we mentioned earlier, all the pre-election noise is just that. [...]
Tweet Here’s a happy ending to what started off as a rather strained relationship; between Gartner’s Frances Karamouzis and the Pakistan tech industry. To make a long story short, back in 2001 Frances wasn’t, shall we say, too positive on Pakistan’s prospects as an IT outsourcing location. The tech industry in Pakistan disagreed vehemently, and [...]
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