GITEX Global 2023: Pakistan participates in world’s largest IT exhibition
DUBAI – UAE Vice President, Prime Minister and Ruler of Dubai Rashid Al Maktoum has officially opened GITEX GLOBAL, the world's largest IT exhibition, at the Dubai World Trade Centre (DWTC) in Dubai.
The five-day (Oct 16-20) tech show will be attended by over 6,000 companies from 170 countries across the globe.
Under the leadership Ministry Information Technology Umar Saif, Pakistan is also participating in the event with full might as the pavilion of the South Asian country comprises 27 companies and over 45 startups, making it one of the largest exhibit lounges at GITEX.
The Pakistan pavilion was inaugurated by the IT minister while a number of officials were also present on the occasion.
“Our brand Tech Destination Pakistan is one of the biggest brands visible at GITEX, and the buzz around Pakistan’s IT industry is electrifying,” the ministry said in a post on X.
Speaking at GITEX about the potential of Pakistani IT companies and investing in Pakistani startups, Umar Saif said: “Our IT industry has so much potential to grow and acquire large clients globally”
He said Pakistan's IT exports and startups had witnessed a sharp upward trend in recent years, driven by enabling policies of the government. He said Pakistan's IT exports now stand at $2.6 billion annually, with the potential to increase to $10 billion within the next 2-3 years.
To incentivise the industry, he said the government is establishing special technology zones, adding that around 5-7 technology zones are ready, while two technology zones are already operational.
He said the zones will house technology companies, outsourcing companies, startups, financial institutions, and real estate developers capable of building technology infrastructure.
“Additionally, we are also creating co-working spaces with necessary infrastructure to accommodate 500,000 freelancers working online in Pakistan,” said Dr. Saif while highlighting that Pakistan has the second largest online freelancing workforce.
Pakistani rupee saw marginal improvement against US dollar as it appreciated in the open bank market.
On Thursday, the US dollar moved up and was being quoted at 285.3 for buying and 288.15 for selling.
Euro moves down to 311 for buying and 314 for selling. British Pound rate stands at 358.5 for buying, and 361.5 for selling.
UAE Dirham AED stands at 78 whereas the Saudi Riyal rate stands at 76.20.
|UK Pound Sterling||GBP||358.5||361.5|
|Hong Kong Dollar||HKD||36.63||36.98|
|New Zealand Dollar||NZD||173.44||175.44|
KARACHI – The gold price continues to climb up in the local market in line of upward trend in international market.
On Thursday, the single tola of 24 Karat gold was available at Rs218,600, and the price for 10-gram gold reached Rs187,420.
Meanwhile, the 22 Karat Gold price stands at Rs200,380, 21 karat rate for each tola is Rs191,275 and 18k gold rate hoveres around Rs163,950.
In international market, the price of precious metal hovers around $2,045 per ounce.
|Lahore||PKR 218,600||PKR 2,675|
|Karachi||PKR 218,600||PKR 2,675|
|Islamabad||PKR 218,600||PKR 2,675|
|Peshawar||PKR 218,600||PKR 2,675|
|Quetta||PKR 218,600||PKR 2,675|
|Sialkot||PKR 218,600||PKR 2,675|
|Attock||PKR 218,600||PKR 2,675|
|Gujranwala||PKR 218,600||PKR 2,675|
|Jehlum||PKR 218,600||PKR 2,675|
|Multan||PKR 218,600||PKR 2,675|
|Bahawalpur||PKR 218,600||PKR 2,675|
|Gujrat||PKR 218,600||PKR 2,675|
|Nawabshah||PKR 218,600||PKR 2,675|
|Chakwal||PKR 218,600||PKR 2,675|
|Hyderabad||PKR 218,600||PKR 2,675|
|Nowshehra||PKR 218,600||PKR 2,675|
|Sargodha||PKR 218,600||PKR 2,675|
|Faisalabad||PKR 218,600||PKR 2,675|
|Mirpur||PKR 218,600||PKR 2,675|