Saudi Arabia’s SME authority to help Pakistani IT companies scale businesses in Kingdom— minister

Pakistan's minister of IT & Telecom, Umar Saif (center) received an honorary shield from Sami Ibrahim Alhussaini, Governor of Saudi Arabia’s Small and Medium Enterprises General Authority (Monsha’at) in Riyadh, Saudi Arabia on October 1, 2023. (Photo courtesy: @umarsaif/X)
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Updated 01 October 2023
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Saudi Arabia’s SME authority to help Pakistani IT companies scale businesses in Kingdom— minister

  • Pakistan’s IT minister is in Saudi Arabia with a delegation of tech companies to explore business opportunities
  • Pakistan to work with Digital Cooperation Organization on ‘digital passport’ for Pakistani companies, says Saif

ISLAMABAD: Saudi Arabia’s Small and Medium Enterprises General Authority (Monsha’at) will work with Pakistan to support its IT companies and startups to scale their businesses in the Kingdom, Caretaker IT Minister Umar Saif announced on Sunday. 

Established in 2016, Monsha’at aims to regulate, support, develop, and sponsor the SME sector in Saudi Arabia. According to its website, the authority is mandated to develop and support programs and projects that foster a culture of self-employment, entrepreneurship, and innovation.

Pakistan’s IT minister is in Saudi Arabia with a delegation of tech companies to explore business opportunities in the Kingdom. Saif wrote on the social media platform X that he visited Monsha’at’s office in Riyadh and met the authority’s Governor Sami Ibrahim Alhussaini.

“Monsha’at is mandated to support small and medium companies in Saudia, and they will be working with us to support Pakistani IT companies and startups to scale their businesses in Saudia,” Saif wrote. 

 

 

The minister also visited the office of the Digital Cooperation Organization— a multi-nation body that works toward the growth of the digital industry— in Saudi Arabia and met its secretary-general, Deemah AlYahya. 

He said Pakistan would host the Digital Direct Foreign Investment summit every year for all DCO member states.

“We will be working with DCO for a ‘digital passport’ for Pakistani companies which will enable them to quickly start a business in DCO member countries, starting with Saudia,” Saif wrote.

 

 

During an exclusive interview with Arab News earlier this week, Saif said the Gulf countries were a highly attractive market for Pakistani IT firms, many of whom were already engaged in projects in the region.

“We are working to market Pakistan as a place from where a lot of technical expertise can come for projects in the GCC region,” he said.

The minister added that during his visit to the Kingdom, the Pakistani delegation will also receive updates on the $100 million Saudi-Pakistan Tech House project announced earlier this year, which aims to strengthen strategic partnerships between IT firms in both countries.


Bangladesh requests Pakistan to play T20 World Cup match against India on Feb. 15

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Bangladesh requests Pakistan to play T20 World Cup match against India on Feb. 15

  • Islamabad announced boycotting the Feb. 15 match in Colombo to protest the ICC’s exclusion of Bangladesh from the T20 World Cup
  • ’We are deeply moved by Pakistan’s efforts to go above and beyond in supporting Bangladesh during this period,’ the BCB chief says

ISLAMABAD: The Bangladesh Cricket Board (BCB) on Monday formally requested Pakistan to play its scheduled T20 World Cup match against arch-rival India on Feb. 15, following Islamabad’s decision to boycott the high-profile fixture.

Islamabad announced boycotting the Feb. 15 Pakistan-India match in Colombo to protest the International Cricket Council’s (ICC) exclusion of Bangladesh from the T20 World Cup, following Dhaka’s decision to not play matches in India owing to security fears.

On Sunday, ICC Deputy Chairman Imran Khwaja arrived in Lahore for talks with PCB officials and BCB President Aminul Islam as the sport’s governing body strived to save the high-stakes T20 World Cup encounter.

In a statement, the BCB thanked the PCB, ICC and all others for their positive roles in trying to “overcome recent challenges,” particularly thanking PCB Chairman Mohsin Naqvi and Pakistani cricket fans for demonstrating “exemplary sportsmanship and solidarity.”

“We are deeply moved by Pakistan’s efforts to go above and beyond in supporting Bangladesh during this period. Long may our brotherhood flourish,” BCB President Islam said in a statement.

“Following my short visit to Pakistan yesterday and given the forthcoming outcomes of our discussions, I request Pakistan to play the ICC T20 World Cup game on 15 February against India for the benefit of the entire cricket ecosystem.”

The dispute stemmed from the ICC’s decision to replace Bangladesh with Scotland last month after Bangladesh refused to play tournament matches in India. Dhaka’s decision followed the removal of Mustafizur Rahman from the Indian Premier League (IPL). He was bought for $1 million by the IPL’s Kolkata Knight Riders, but on Jan. 3 the Board of Control for Cricket in India (BCCI) ordered Kolkata to release Mustafizur without a public explanation but amid regional tensions.

Pakistani cricket authorities subsequently announced boycotting the match against India at R. Premadasa Stadium in Colombo on Feb. 15. An India-Pakistan fixture is the sport’s most lucrative asset, generating a massive share of global broadcasting and sponsorship revenue.

The PCB has remained defiant amid reports of potential sanctions. On Saturday, it rejected claims by Indian media that it had initiated a dialogue with the ICC to find a way out of the standoff.

The standoff highlights the growing friction within the sport’s governance, with Pakistan accusing India’s cricket board of influencing the ICC’s decisions. India generates the largest share of cricket’s commercial revenue and hence enjoys considerable influence over the sport. Critics argue that this financial contribution translates into decisive leverage within the ICC.

A large part of that revenue comes from the Indian Premier League (IPL), the sport’s most lucrative T20 cricket competition, which is run by the Board of Control for Cricket in India (BCCI). Between 2024 and 2027, the IPL is projected to earn $1.15 billion, nearly 39 percent of the ICC’s total annual revenue, according to international media reports.