Pakistani IT firms hail Dubai tech show as ‘great’ platform to connect with global companies

The picture shared on October 19, 2023, shows Pakistani participants at GITEX GLOBAL tech exhibition in Dubai, UAE. (Photo courtesy: @ImJattala/X)
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Updated 24 October 2023
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Pakistani IT firms hail Dubai tech show as ‘great’ platform to connect with global companies

  • GITEX GLOBAL held in Dubai from Oct. 16-20 featured over 6,000 exhibitors and 180,000 tech leaders from 170 nations
  • Pakistan’s representation was biggest among all countries this year, says chairman Pakistan Software Houses Association

ISLAMABAD: Representatives of Pakistani IT firms on Tuesday described the recently held GITEX GLOBAL tech exhibition in Dubai as a “great” platform for Pakistani companies to connect with global ones and sign memorandum of understandings (MoU) and partnership agreements with them.

The 43rd edition of the Gulf Information Technology Exhibition (GITEX) GLOBAL was held in Dubai from Oct. 16-20, featuring over 6,000 exhibitors and at least 180,000 tech executives from 170 countries around the world. Serving as a leading platform for tech companies around the world, GITEX GLOBAL 2023 provided startups with the opportunity to unveil the latest developments and innovations in key economic sectors. This year’s theme focused on AI technology and its innovations.

Muhammad Zohaib Khan, chairman of the Pakistan Software Houses Association (P@SHA) said over 80 Pakistani companies and startups participated in the event.

“GITEX was great, and this year Pakistan’s representation was the biggest among all countries,” Khan told Arab News. “Around 83 companies and startups had their stalls there along with more than 500 delegates, while top companies’ chairmen and chief executives participated in the event.”

Khan said over 27 companies participated under P@SHA’s banner, adding that some of them were taken by Ignite— a non-profit company owned by Pakistan’s government and managed by the IT ministry— while others participated in the event independently.

“Dozens of MoUs, agreements, and partnerships were signed with companies from all over the world,” Khan said.

Ignite spokesperson Nadeem Nasir said GITEX each year consistently offered a global perspective on IT, serving as a platform for ignite startups.

“Our startups have successfully forged meaningful connections with local and international investors, which have translated into valuable partnerships,” Nasir told Arab News.

On Oct. 16, Pakistan’s Caretaker IT Minister Umar Saif said Pakistan had “one of the largest exhibit lounges” at GITEX to showcase the country’s entrepreneurial potential.

“This year, Ignite showcased ten tech startups at its GITEX Expand North Star pavilion,” Nasir said.

Sajjad Syed, chairman of the Excellence Delivered (ExD) Group, a Lahore-based software development company, said GITEX provided exposure to both IT companies and customers.

“During the event, our international growth skyrocketed as we signed three contracts and six MoUs with companies mostly from Gulf countries,” Syed told Arab News. “We signed a contract with Experts Vision Consulting (EVC) which is a leading Saudi technology company, a contract with Bahraini company ThinkSmart and an Iraqi company to develop software for them.”

Nabeel Khayal, Founder of Gameotivity, an Islamabad-based startup that provides a secure and transparent marketplace for players to buy, sell, and trade games, also attended the global tech show.

“For Pakistani IT companies it is a great platform where they can get international recognition and can sit with international companies to find investors, sign agreements and partnerships,” he told Arab News.

Khayal said during the tech exhibition, Gameotivity had initiated and was now close to finalizing deals with two European companies relating to partnerships in the gaming industry.

Rozeena Saleha, founder of Kalam4Solutions (K4S) startup, said her first participation in GITEX left her company with a treasure trove of insights and takeaways that were set to shape the trajectory of their business.

“The event served as a powerful lens into the future, allowing us to glimpse the cutting-edge innovations and industry trends that will define the coming years,” she told Arab News. “K4S had a wonderful start by signing seven partnerships and three client deals during the event.”


Pakistan, ADB sign $730 loan agreements to boost SOE reforms, energy infrastructure

Updated 25 December 2025
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Pakistan, ADB sign $730 loan agreements to boost SOE reforms, energy infrastructure

  • Both sign $330 million Power Transmission Strengthening Project and $400 million SOE Transformation Program loan agreements
  • Economic Affairs Division official says Transmission Project will secure Pakistan’s energy future by strengthening national grid’s backbone

KARACHI: Pakistan and the Asian Development Bank (ADB) on Thursday signed two loan agreements totaling $730 million to boost reforms in state-owned enterprises (SOEs) and energy infrastructure in the country, the bank said.

The first of the two agreements pertains to the SOE Transformation Program worth $400 million while the second loan, worth $330 million, is for a Power Transmission Strengthening Project, the lender said. 

The agreements were signed by ADB Country Director for Pakistan Emma Fan and Pakistan’s Secretary of Economic Affairs Division Humair Karim. 

“The agreements demonstrate ADB’s enduring commitment to supporting sustainable and inclusive economic growth in Pakistan,” the ADB said. 

Pakistan’s SOEs have incurred losses worth billions of dollars over the years due to financial mismanagement and corruption. These entities, including the country’s national airline Pakistan International Airlines, which was sold to a private group this week, have relied on subsequent government bailouts over the years to operate.

The ADB approved the $400 million loan for SOE reforms on Dec. 12. It said the program seeks to improve governance and optimize the performance of Pakistan’s commercial SOEs. 

Karim highlighted that the Power Transmission Strengthening Project will enable reliable evacuation of 2,300 MW from Pakistan’s upcoming hydropower projects, relieve overloading of existing transmission lines and enhance resilience under contingency conditions, the Press Information Department (PID) said. 

“The Secretary emphasized that both initiatives are transformative in nature as the Transmission Project will secure Pakistan’s energy future by strengthening the backbone of the national grid whereas the SOE Program will enhance transparency, efficiency and sustainability of state-owned enterprises nationwide,” the PID said. 

The ADB has supported reforms by Pakistan to strengthen its public finance and social protection systems. It has also undertaken programs in the country to help with post-flood reconstruction, improve food security and social and human capital. 

To date, ADB says it has committed 764 public sector loans, grants and technical assistance totaling $43.4 billion to Pakistan.