IT industry of Pakistan is going a pleasant fast and thick changeover
thanks to the priority it is enjoying under the present government.
After years of un-kept promises Karachi is finally going to have the
first IT Technology Park within next three months. In addition, the
Sindh Regional office of Pakistan Software Export Promotion Board has
started operations this month. PAGE highlights the developments
shaping the industry at present.
order to ascertain the magnitude of losses the economy has suffered in
Pakistan, the Economic Section of the US Embassy in Islamabad had
initiated a survey regarding drop in production of the manufacturing
sector to assess the impact of September 11, 2001. Information is
being collected regarding overall performance of the industrial sector
in terms of output loss, increase in costs of production, fall in
export orders, increase in freight and insurance charges, use of raw
material etc. The undertaken exercise seems aiming at preparing the
economic package for Pakistan.
'LIVE' ON CDS
serious problem faced by investors is delay in getting the share
transferred, which can be overcome by making securities live on
Central Depository System. Despite the efforts by CDC all the
securities cannot become live due to resistance by the sponsors. The
regulators must resolve the issue at the earliest.