TechLahore

Musings on technology, startups and software

Entries for August, 2008

Auer Growth puts BUY recommendation on Netsol: CBS Marketwatch

Pakistan’s Netsol has been doing quite well recently. Year-to-date the stock, which is traded on the US NASDAQ bourse, is up almost 40%. This is now expected to head even higher as Aeur growth, an analyst firm, has just put a BUY recommendation on NTWK.
Netsol is considered a microcap with quite a lot of headroom [...]

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China, Saudi Arabia and IMF appear ready to inject over $10BN into Pakistan's economy

Details on this shot-in-the-arm package, said to be materializing rapidly, are still sketchy. There have been several reports in the mainstream Pakistani news media that the Finance Ministry is close to announcing a $10BN package being formulated with Saudi Arabia and China. The Saudis will contribute $6BN in the form of deferred oil payments and [...]

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Piracy leads to two arrests in Lahore

On the eve of Dec 31st, 2007 I was writing TechLahore’s predictions for 2008, many of which have come to pass. One of the items I listed was that piracy in Pakistan is on its way to becoming extinct… and pretty quickly too. While domestic piracy is harder to check and in fact, does happen [...]

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Is Pakistan the best place on earth to launch a Web 2.0 company?

Quite possibly. I started thinking along these lines when a hot-shot American investment banker friend mentioned that “70% of the US’ GDP is consumer driven”. That much, huh?! It’s no secret that THE key point of interaction for consumer businesses is now the web. In fact, most Web 2.0 companies are consumer focused, even as [...]

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Companies from Canada and Finland to build Islamabad Software Park

The PSEB, when it was headed by Yusuf Hussain, had announced plans to build a software park in Chak Shehzad, on the outskirts of Islamabad. Purpose-built IT space was becoming a problem in the city because the previous two IT towers under PSEB management had been completely consumed by burgeoning tech companies. The Chak Shehzad [...]

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Pakistan's software exports touch $1BN, industry expands to $2.8BN

Pakistan’s software and IT exports are now in excess of $1BN, and the size of the IT industry, which was reported to be about $2BN last year, has grown to $2.8BN. This was reported by The Daily Times in an article based on a PSEB study and an interview with Pakistan Association of Software Houses [...]

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Dell sees tremendous prospects in Pakistan IT market

Dell has been operating in Pakistan for several years. A recent BR story quotes Dell Pakistan’s management as being extremely bullish on prospects for Dell’s SMB (Small-medium business) growth in the country.
One of the reasons for Dell’s success in Pakistan is the way their largest resellers, DWP, have been executing. DWP’s model is to provide [...]

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