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.


Pakistani immigration agents express concern over US visa ban

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Pakistani immigration agents express concern over US visa ban

  • Trump’s administration is suspending immigrant visas for applicants from 75 countries
  • The pause will begin on January 21, a State Department spokesperson said this week

Pakistani immigration agents and members of the public expressed concern to US immigration ban on Thursday.

US President Donald Trump’s administration is suspending processing for immigrant visas for applicants from 75 countries, a State Department spokesperson said on Wednesday, as part of Washington’s intensifying immigration crackdown.

The pause, which will impact applicants from Latin American countries including Brazil, Colombia, and Uruguay, Balkan countries such as Bosnia and Albania, South Asian countries Pakistan and Bangladesh, and those from many nations in Africa, the Middle East, and the Caribbean, will begin on January 21, the spokesperson said.

“It is a matter of concern,” said travel and immigration agent, Mohammad Yaseen, in Karachi, Pakistan’s biggest city.

“All these people who were waiting for a long time for their visas to be issued, they also had an appointment date, their visas would be suspended. They will be affected by this news and this ban,” he added.

A local resident and banker, Amar Ali, said the ban will economically dent Pakistan because many Pakistanis earn and send dollars back home which boosts its economy.

Another local resident, Anwer Farooqui, urged President Trump to reconsider this decision and keep Pakistan, which is a very reliable friend of the United States, at the same level.

The cable, sent to US missions, said there were indications that nationals from these countries had sought public benefits in the United States.

The move, which was first reported by Fox News, does not impact US visitor visas, which have been in the spotlight given the United States is hosting the 2026 World Cup and 2028 Olympics.

The decision follows a November directive to US diplomats asking them to ensure that visa applicants are financially self-sufficient and do not risk becoming dependent on government subsidies during their stay in the US, according to a State Department cable seen by Reuters at the time.

Trump has pursued a sweeping immigration crackdown since returning to office in January. His administration has aggressively prioritized immigration enforcement, sending federal agents to major US cities and sparking violent confrontations with both migrants and US citizens.