APD | Pakistan invites Chinese investment in information technology sector

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By APD writer Muhammad Sohail

ISLAMABAD, July 5 (APD) – Pakistan’s Commerce Adviser Abdul Razak Dawood on has invited Chinese investors to explore opportunities in the Information Technology (IT) sector of the country, local media reported Thursday.

Talking to a delegation of China Railways Construc­ion Cooperation Ltd (CRCCL), the adviser underscored the special incentives provided to the investors in IT Special Economic Zones (SEZs) by the Pakistani government.

CRCCL is one of the largest integrated developer and contractor, which has a strategic partnership with top-notch IT companies.

The Managing Director of CRCCL appreciated Pakistan’s business-friendly policies and informed the participants that CRCCL inten­ded to undertake the Isla­mabad IT Special Economic Zone Project as a Public Private Partnership bet­ween Pakis­tan Software Ex­­port Board (PSEB) and CRCCL.

He underlined that CRCCL was committed to investing in the development of SEZ without financially burdening the Pakistan government.

The project aims to develop an IT SEZ in the Pakistani capital Islamabad with state of the art infrastructure, superior connectivity and smart facilities and showed interest in investment in the IT sector, he added.

The proposed project would bring immense benefits to Pakistan by attracting top IT companies for investment in Pakistan, he said.

The project will provide safe, convenient and affordable office spaces to nurture home-grown IT business and will generate thousands of new jobs for Pakistani IT talent while increasing the competitiveness of Pakistan’s IT product in the global market, the CRCCL representative highlighted.

The adviser appreciated the investment proposal of the CRCCL and ensured all kind of cooperation to push the project forward.

Moreover, the Pakistani official stressed that the CRCCL should collaborate with local Pakis­tani IT firms and companies to transfer technological knowledge and create jobs for local IT human resource.

(ASIA PACIFIC DAILY)