Substantial investment planned in B2B technology companies to boost IT exports

Report by Engineering Post

The country’s  apex and only authorized Information Technology (IT) trade body, the Pakistan  Software Houses  Association and SAI Venture Capital one of Pakistan’s  leading  investment firms in advanced engineering,  have signed  

 a strategic  agreement  for accelerating the country’s technology exports.

The partnership so initiated seeks  to mobilize up to  $ 100 million  in investment  for Pakistan’s IT and IT-enabled  services  (ITeS)  sector– an industry which was increasingly being  viewed as a key pillar  of the country’s long-term export strategy.

Under the agreement, both the partnering companies  will work closely with each other   to identify high potential firms,  conducting due  diligence and unlocking both the domestic and  international  capital  alongside other investors for helping  in scaling the globally competitive businesses.