ISLAMABAD: Pakistan’s Ambassador to the United Arab Emirates Faisal Niaz Tirmizi and several exhibitors taking part in the ongoing GITEX exhibition in Dubai praised the international tech show, saying that several lucrative agreements were signed by Pakistani IT companies during the five-day event.
The annual Gulf Information Technology Exhibition (GITEX) is considered one of the world’s largest tech shows, connecting industry leaders with major tech and innovation startups, as well as government officials, expert investors and corporate buyers.
This year’s five-day exhibition commenced on Oct. 14 and will end on Oct. 18. The event holds particular significance for Pakistan as it aims to showcase its growing prowess in IT as it eyes lucrative markets in the Middle East.
“It is a great show for Pakistan as many MoUs, deals and agreements were signed and many new opportunities were given to Pakistani companies,” Tirmizi told Arab News.
When asked about the deals signed by Pakistani tech companies, Tirmizi said the exact number would be known when the event concludes on Friday.
“This is the biggest trade show,” the Pakistani envoy said, adding that 6000 companies from countries around the world were participating in the event.
“Pakistan was recognized as Tech Destination of the Year and we also had a Pakistan evening which was an official evening of GITEX 2024,” he said.
Tirmizi said this exhibition provided the best opportunity for Pakistani companies to showcase their products, talent, manpower, and skills to the UAE, the region and even the world.
‘PAKISTAN’S SIGNIFICANT BRANDING’
Sajjad Mustafa Syed, the chairman of the Pakistan Software Houses Association (P@SHA), described GITEX as a “game-changer” for Pakistan IT startups and companies. He said a total of 80 Pakistani companies are participating in the event.
“The slogan of Tech Destination Pakistan was well received by the audience and several Pakistani companies signed multimillion-dollar contracts at the conference,” Syed told Arab News.
Muhammad Zohaib Khan, the founder of A2Z Creatorz, a website and mobile app development company, said such exhibitions have tremendous potential, stressing the importance of networking with buyers in the IT sector.
“There was significant branding of Pakistan as a tech destination at Gitex Dubai and many regional and global companies took interest in Pakistani companies where many deals have been signed,” Khan, who is an ex-chairman of P@SHA, told Arab News.
Muhammad Ali Tahir, marketing manager of TMC (TallyMarks Consulting), a system integrator company, said his organization secured a powerful partnership on Wednesday with Obrela, a renowned global provider of cybersecurity services, under its subsidiary Integrians Cybersecurity Solutions (ICS).
“As the exclusive service provider for Obrela’s services in Pakistan, ICS will offer comprehensive cybersecurity solutions, building a fortress for businesses to innovate fearlessly,” Tahir told Arab News.
“By combining our expertise in enterprise business solutions with Obrela’s unstoppable cyber defense, we will ensure resilient protection every step of the way,” he added.
Shahid Ismail, chief executive officer of Premier Cables, one of the leading manufacturers of fiber-optic cables, said this was the 15th consecutive year his company has participated in GITEX.
“We secured supply orders from Etisalat through this platform a few years ago and have been supplying them with fiber-optic cables ever since,” he told Arab News.
“So far, we have supplied them with up to 17,000 km of fiber-optic cables, and today at GITEX, we received a new order from Etisalat.”
Pakistan’s UAE envoy, exhibitors praise GITEX Dubai as ‘great show’ for tech firms
https://arab.news/zgwz9
Pakistan’s UAE envoy, exhibitors praise GITEX Dubai as ‘great show’ for tech firms
- Eighty Pakistani IT, tech firms are taking part in GITEX in Dubai, considered one of the biggest tech exhibitions worldwide
- Pakistani exhibitors praise encouraging response received at GITEX 2024, stress importance of global networking in IT sector
Pakistan announces four-day work week among austerity measures to offset impact of Middle East crisis
- The development comes as ongoing US-Israeli strikes on Iran disrupt oil supplies in Strait of Hormuz, push prices past $119 a barrel
- Islamabad bans government purchases, cuts fuel allocation for vehicles as well as workforce in public and private offices by 50 percent
ISLAMABAD: Prime Minister Shehbaz Sharif on Monday announced austerity measures, including a four-day work week and cuts in government expenditures, to offset the impact of rising global oil prices due to an ongoing conflict in the Middle East.
Global fuel supply lines have been disrupted in the Strait of Hormuz, which supplies nearly a fourth of world oil consumption, after Tehran blocked it following United States-Israeli strikes on Iran and counterattacks against US interests in the Gulf region.
Oil prices surged more than 25 percent globally on Monday to $119.50 a barrel, the highest levels since mid-2022, as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding US-Israeli war with Iran.
In his televised address on Sunday night, Sharif said global oil prices were expected to rise again in the coming days but vowed not to let the people bear their brunt, announcing austerity measures to lessen the impact of fuel price hikes.
“Fifty percent staff in public and private entities will work from home,” he announced, adding this would not be applicable to essential services. “Offices will remain open for four days a week. One-day additional off is being given to conserve oil, but it would not be applicable to banks.”
Sharif didn’t specify working days of the week and the government was likely to issue a notification in this regard.
He said a decrease of 50 percent was being made in fuel allocation for government vehicles immediately for the next two months, but they would not include ambulances and public buses.
“Cabinet members, advisers and special assistants will not draw salaries for the next two months, 25 percent salaries of parliamentarians are being deducted, two-day salaries of Grade 20 and above officers, or those who are paid Rs300,000 ($1,067) a month, are being deducted for public relief,” he said.
Similarly, there will be 20 percent reduction in public department expenses and a complete ban on the purchase of cars, furniture, air conditioners and other goods, according to the prime minister.
Foreign trips of ministers and other government officials will also be banned along with government dinners and iftar buffets, while teleconferences and online meetings will be given priority.
Sharif’s comments were aired hours after Pakistani authorities said the country had “comfortable levels” of petroleum stocks and the supply chains were functioning smoothly, despite intensifying Middle East conflict.
Petroleum Minister Ali Pervaiz Malik said three oil shipments were due to reach Pakistan this week, state media reported.
Meanwhile, Pakistan Navy (PN) launched ‘Operation Muhafiz-ul-Bahr’ to safeguard national energy shipments, the Pakistani military said on Monday, amid disruptions to critical sea lanes due to the conflict.
The navy is conducting escort operations in close coordination with the Pakistan National Shipping Corporation (PNSC), according to the Inter-Services Public Relations (ISPR), the military’s media wing. It is fully cognizant of the prevailing maritime situation and is actively monitoring and controlling the movement of merchant vessels to ensure their safe and secure transit.
“With approximately 90 percent of Pakistan’s trade conducted via sea, the operation aims to ensure that vital sea routes remain safe, secure, and uninterrupted,” the ISPR said on Monday. “Currently, PN ships are escorting 2 x Merchant Vessels, one of which is scheduled to arrive Karachi today.”
