KARACHI
\nFaisal Niaz Tirmazi, Pakistan\u2019s Ambassador to the UAE, and Usman Asif, CEO of Devsinc, Pakistan\u2019s fast-growing IT company, engaged in a discussion on the sidelines of GITEX Global 2024.
\nThe high-profile discourse featured the rapid IT landscape in the Middle East and the role of Pakistan\u2019s tech sector in this growth story.
\nKeynotes of the conversation included strategic alliances between UAE and Pakistan to work together in contributing to the global digital economy through IT-friendly efforts.
\nFaisal Tirmazi on the collaboration added, \u201cThe success of IT startups in the Gulf region is tied to an ecosystem that fosters innovation, and that requires continued backing from both public and private sectors – something which we are confident about moving forward.\u201d
\nHe further emphasized on building meaningful IT partnerships across the region, particularly in the UAE, which has become a global tech destination.
\n\u201cThe UAE\u2019s IT market is on track to grow by 8.1% each year, with its value expected to surpass USD 22 billion by 2025,\u201d Tirmazi highlighted.
\nHe added that the wider Middle East is experiencing a similar boom, fueled by strong investments in AI, automation, and cloud technologies.
\n\u201cThis creates a significant opportunity for Pakistan,\u201d Tirmazi noted, stressing that Pakistan\u2019s thriving IT sector already generates over USD 2 billion in exports annually, positioning the nation to capitalize on this regional growth.\u201d
\nUsman Asif, on the other hand, highlighted that Pakistani startups are playing a pivotal role in this ecosystem, making notable contributions to global IT growth.
\n\u201cPakistani startups have raised over USD 365 million in the last two years, demonstrating their potential on a global scale. With 64% of our population under 30 and over 88 million internet users, Pakistan has both the talent and the market to become a key player in the region\u2019s digital future,\u201d he added. The need for investment in Pakistan\u2019s startup community was another key focus. Usman emphasized that to support small and medium-sized enterprises (SMEs), which make up 90% of exclusive private businesses in Pakistan, it is essential to build an enabling infrastructure.
\n\u201cWe need to create an ecosystem where tech startups can scale, access international markets, and contribute to regional growth. UAE and Pakistan, through strategic collaborations, can be at the forefront of this effort,\u201d he said. Moving forward, Usman Asif and Ambassador Faisal Tirmazi agreed that Pakistan and the UAE are uniquely positioned to combine their strengths and drive digital enablement across the region. With the UAE\u2019s advanced tech infrastructure and Pakistan\u2019s expanding IT workforce, the two nations aim to foster bilateral collaborations that will fuel the region\u2019s digital economy and create new growth opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI Faisal Niaz Tirmazi, Pakistan\u2019s Ambassador to the UAE, and Usman Asif, CEO of Devsinc, Pakistan\u2019s fast-growing IT company, engaged in a discussion on the sidelines of GITEX Global 2024. The high-profile discourse featured the rapid IT landscape in the Middle East and the role of Pakistan\u2019s tech sector in this growth story. Keynotes of […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-438343","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"\n