PITB initiates 'Partners in Development Program' to engage local software industry

Web Desk 06:47 PM | 30 Dec, 2020
PITB initiates 'Partners in Development Program' to engage local software industry

LAHORE - As part of the vision articulated by Chairman Punjab Information Technology Board (PITB) Azfar Manzoor, PITB has initiated the "Partners in Development" program to promote Public-Private Partnership.

The programs aim at supporting the local software industry by engaging them in public sector software development work with special emphasis on digitally powered public services.

In this regard, PITB's Software Engineering Wing arranged a conference with 14 pre-qualified software houses from the private sector for deliberation on the appropriate collaboration framework.

The idea is to engage the private sector in public sector digitization through Staff Augmentation which will help the private sector companies to diversify their portfolio and strengthen their eligibility to successfully target and win international business. 

According to Pakistan Software Export Board (PSEB), Country`s annual (2019-20) IT remittances are $1.23 billion while Indian National Association of Software & Services Companies (Nasscom) says that Indian IT sector generated $191 billion for the same period. According to Industry experts, Pakistan's IT sector has the potential to increase exports to an estimated $10 billion by 2025.

Web Desk
Web Desk

Daily Pakistan Global Web Desk


KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on February 7, 2022 (Tuesday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 279 282
Euro EUR 296.67 297.26
UK Pound Sterling GBP 331.71 332.41
U.A.E Dirham AED 74.8 75.1
Saudi Riyal SAR 73.21 73.51
Australian Dollar AUD 190.31 192.72
Bahrain Dinar BHD 732.23 740.23
Canadian Dollar CAD 205.22 207.42
China Yuan CNY 40.72 41.12
Danish Krone DKK 39.92 40.32
Hong Kong Dollar HKD 35.08 35.43
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 900.32 909.32
Malaysian Ringgit MYR 64.65 65.25
New Zealand Dollar NZD 174.19 176.19
Norwegians Krone NOK 27.12 27.42
Omani Riyal OMR 715.11 723.11
Qatari Riyal ‎QAR 75.64 76.34
Singapore Dollar SGD 208.03 210.03
Swedish Korona SEK 26.1 26.4
Swiss Franc CHF 297.31 299.81
Thai Bhat THB 8.25 8.4

KARACHI – The gold price in Pakistan dropped by Rs4,300 per tola to reach Rs200,000 on Tuesday as it lost ground on second consecutive day after witnessing mostly bullish trend last week.

As per the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 10 grams of 24 carats gold decreased by Rs3,686 to settle at Rs171,468.

On Monday, the gold price witnessed a drop of Rs200 per tola to close at Rs204,300.

In the international market, the commodity dropped by $1 to reach $1,869 per ounce.

Meanwhile, silver prices in the domestic market slumped by Rs20 per tola and Rs17.14 per 10 grams to reach at Rs2,230 and Rs1,911, respectively.


Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter