Over 600 IT firms, 100 foreigners attend ITCN tech conference in Lahore

IT companies set up their booths at the 24th edition of the ITCN Asia Conference in Lahore, Pakistan on April 19, 2024. (Qasim Ali/X)
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Updated 19 April 2024
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Over 600 IT firms, 100 foreigners attend ITCN tech conference in Lahore

  • The three-day exhibition is set to fetch nearly $500 million investment from a dozen countries
  • The companies participating in the expo include Microsoft, Inbox, Lenovo, HP, NetSol and Dell

ISLAMABAD: More than 600 IT companies, 55,000 participants, and around a hundred foreign delegates are attending an ongoing 24th edition of the Information Technology Commerce Network (ITCN) Asia Conference in the eastern Pakistani city of Lahore, Pakistani state media reported on Friday, citing officials.

The main sessions at the three-day tech event include the Artificial Intelligence Summit, Global Security Symposium, Gaming and Scholars Roundtable, Investor Summit, Freelancer Summit, Made in Pakistan Roundtable Conference.

State Minister for Information Technology and Telecommunication Shaza Fatima Khawaja said the objective of the event was to highlight the expertise and products of Pakistan’s IT sector at the international level.

“Sixty eight percent of Pakistan’s population consists of young people and IT is a field that has a lot of opportunities available for them,” she told Radio Pakistan broadcaster. “The government’s vision is to bring as much skill training as possible for the youth in the IT sector.”

Khawaja said the government would provide cheap loans to the IT sector so that freelancers could thrive.

“The government has started the Industry Academia Bridge Program under which IT students in universities can collaborate with the private sector to get practical training while studying and secure their jobs,” she added.

Speaking on the opening day of the event at Lahore’s Expo Center on Friday, Khawaja said it was an honor for Pakistan to be a founding partner of the Digital Cooperation Organization, a global multilateral body launched in November 2020 to help enable digital prosperity for all, and a testimony to the country’s readiness to be one of the leading stakeholders in the global IT ecosystem.

“Pakistan’s digital progress and its position as a global stakeholder is underscored by its vibrant youth as Pakistan produces 10,000 IT graduates every year,” she said.

“Together we will make Pakistan an IT hub as IT is the key toward growth of all sectors.”

A delegation of international investors belonging to 12 different countries is participating in the event that is expected to attract around $500 million investment, according to Pakistani state media.

Renowned international and national technology companies, including Microsoft, Inbox, Red Hat, TP-Link, Lenovo, HP, NetSol, Abacus and Dell, are participating in the three-day exhibition.

The event is being jointly supported by the Pakistani Ministry of Information Technology and Telecommunication, Pakistan Telecommunication Authority, Special Investment Facilitation Council (SIFC), Pakistan Software Export Board and Pakistan Software Houses Association.


Pakistan, ADB reaffirm commitment to ML-1 rail project amid economic reforms

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Pakistan, ADB reaffirm commitment to ML-1 rail project amid economic reforms

  • Flagship railway upgrade tied to IMF-backed stabilization, multilateral financing
  • ADB, World Bank working with Pakistan to address project delays, readiness gaps

ISLAMABAD: Pakistan and the Asian Development Bank (ADB) have reaffirmed their commitment to advancing the long-delayed Main Line-1 (ML-1) railway modernization project, a flagship infrastructure upgrade central to the country’s economic reform and connectivity agenda, the information ministry said on Thursday. 

The renewed focus on ML-1 follows meetings this week between senior Pakistani ministers and ADB officials in Islamabad, as the government seeks to revive large-scale infrastructure investment while maintaining fiscal discipline under an International Monetary Fund (IMF) program.

ML-1 is Pakistan Railways’ busiest north–south corridor, linking the southern port city of Karachi with major population and industrial centers in Punjab and Khyber Pakhtunkhwa. The project aims to modernize tracks, signaling and rolling stock to improve safety, cut travel times and lower transport costs. 

Originally envisioned as a flagship transport upgrade under the China-Pakistan Economic Corridor (CPEC), ML-1 has struggled to reach financial close amid cost concerns, debt sustainability debates and implementation challenges. Pakistan has since sought broader multilateral engagement, with institutions including the Asian Development Bank now playing a central role in project structuring, financing discussions and efforts to address execution bottlenecks.

During a meeting with Leah Gutierrez, Director General for Central and West Asia at the ADB, Federal Minister for Economic Affairs Ahad Cheema underscored the government’s reform priorities and the importance of the project’s timely execution.

“The Minister underscored the Government’s strong commitment to the timely implementation of the Main Line–1 (ML-1) railways project and emphasized that ADB’s continued support would be critical to achieving this milestone,” the information ministry said in a statement.

The ministry said Cheema also highlighted coordination with provincial governments and welcomed joint efforts by the ADB and the World Bank to identify implementation bottlenecks and improve project readiness to ensure timely disbursements.

Gutierrez commended Pakistan’s reform agenda and acknowledged the government’s focus on macroeconomic recovery and fiscal consolidation, reaffirming that ADB teams were working closely with Pakistani authorities on ML-1, according to the statement.

Separately, Federal Minister for Railways Muhammad Hanif Abbasi told Defense Secretary Lt. Gen. Muhammad Ali in a meeting that an agreement for the ML-1 project had been finalized with the ADB and that steps were being taken to move the project forward.

“Concrete steps are being taken to complete the project at the earliest,” the statement quoted Abbasi as telling Ali. “The ML-1 project will serve as a milestone in modernizing Pakistan Railways.”

Abbasi also briefed participants on parallel reform measures at Pakistan Railways, including the launch of an artificial intelligence-based monitoring system at Rawalpindi Railway Station, real-time tracking of trains and rolling stock through digital tagging, and the installation of a weigh bridge in Karachi to address overloading and improve safety.

Pakistan Railways has long struggled with aging infrastructure, safety challenges and financial losses, even as rail transport remains vital for passenger movement and freight. Multilateral lenders have repeatedly stressed the need for stronger execution capacity and governance reforms to translate infrastructure commitments into economic gains.