Building IT, Technology and Innovation Park in Karachi- A strong avenue for Economic Development in Pakistan

News Paper Article by Wajid Hassan

The IT industry of Pakistan has a potential to become major economic contributor to the country. Pakistan has only 125 CMM and ISO certified companies which guarantees on-time delivery and efficiency

Pakistan can help establish its name as a leader in quality software and IT Services in the world. Karachi being the ‘New York of Pakistan’ is highly favorable place to establish an IT park. The metropolitan area of Karachi has a population of more than 15 million, dozens of HEC-recognized IT departments and universities and great concentration of IT firms. Karachi is an International travel and financial hub. It is famous for its sea port and is the heart beat of economy of the country.

Trained professionals of IT over 100,000 and an increased number of educational institutes are adding a great number trained resources to the vibrant job market of IT ensuring that a talented pool of resources with exceptional skills is always available to this industry. But due to the lack of sufficient facilities and opportunities, most of the talent pool is unable to contribute to the development of the country. 

IT Technology parks provide the organizations a hassle free setup on friendly policies and low cost. State of the art facilities and office spaces are provided by the IT parks with the aim of expanding IT enterprises and providing a one stop solution for setups.

After 1970, many developing countries have established technology parks at regional and national levels for regional and economic development by providing infrastructure to tech-businesses for creating new opportunities of employment. The main aims for establishment of technology parks include knowledge flow and encouraging cooperation between industries and universities to create innovation firms, high-tech jobs and attracting the enterprises and foreign investment in the country.

Pakistan’s current software export is approximately 1 billion Dollars compared to Indian Software export of 111 Billion Dollars. With limited number of IT Parks where the Fast Internet, 24 hours availability of electricity, secured premises is available, we have stunted IT Sector growth in Pakistan.

There are only 8 IT Parks in Lahore including Arfa Technology park and only 5 located in Islamabad with None located in Karachi. Private enterprises have done a make shift kind of facilities where building owners ensure 24/7 hour electricity, security and uninterrupted fast internet but there is no such facility provided by the government

Pakistan is in a decisive stage. Decisions that are taken now will have a strong impact on the future of Pakistan. The need of the hour is to invest in making Pakistan a service based economy. IT industry is an example of service industry that can significantly boost the economy of Pakistan as demonstrated by other developing countries like Philippines, India and Singapore. IT industry unlike other industries does not require heavy machineries. Over 100,000 people are officially employed in IT industry of Pakistan and many more are employed informally. Unfortunately, IT industry in Pakistan is not given the same industry status as textile and this in some way impacted the development of this industry in the country. Pakistan has only a share of 0.9 percent of the global IT sector that is approximately 303.8 billion dollars. If significant steps are taken by the Government then it can have great effect on the GDP and foreign investment.

In spite of the challenges faced by the country including political instability, energy crisis and lack of promotion, IT sector of Pakistan has gained global recognition. There have been success stories in the various domains of IT like mobile applications, healthcare, finance and telecom. As Per reports by PSEB (Pakistan Software Export Board), the share of Pakistan in the global sales is 2.8 billion dollars, out of which 1.6 billion dollars accounts for country’s IT enabled services and software exports.

The main focus of Pakistan has been mainly higher end products of software, whereas other developing countries like Philippines and India have focused on more basic IT enabled services like services outsourcing and software.

Electronics Commission of India led the development work of India’s IT sector. Electronics commission’s work was supported by UNDP (United Nations Development Programme) and a master plan was developed for regional centers of computing. The key focus of the work was on knowledge development and intellectual capital. Today India shares 39.2 % of the global IT industry. The industry is continuing to develop almost and 230,000 jobs are generated every year. Almost 2.8 million direct employments and 8.9 indirect employments are being provided by the IT industry of India. Telecom and IT ministry of Pakistan can leverage large international organizations support to build similar regional IT Parks.

Another developing country where IT services development and promotion has played a great role in the development of the economy of the country is Philippines. Since 2006, the BPO (Business Process Outsourcing) industry of Philippines is developed 46 % annually and is overtaking the progress in IT sector in India.

The IT sector in Pakistan has great potential. However, there is significant need for development of IT parks and promotion in order to strengthen the economy of the country and to compete with other developing countries. Issues like lack of world class research & development, absence of state of the art infrastructure and payment gateways etc. have created difficulties in the development of this industry. With a clear vision, strategy and direction, the IT industry can grow in the country resulting in more employment opportunities and alleviating poverty from the country. Development in the IT sector of the country will attract foreign investments in the country which will also have an impact on other industries as well.

The establishment of technology parks is crucial for the economic development of the country. Software technology parks can be helpful in the creation of new businesses and attract foreign investments. Results show that half of the firms located in already established technology parks are startups. The IT parks already established in Pakistan are small in area as compared to other Asian counterparts such as India, China and Korea etc. This Study shows that to create new businesses, new jobs and to increase the GDP of the country, Government needs to establish more IT parks as well as promote research and development in the country.

Wajid Hassan is PhD Fellow in Technology Management and advisor to the Chancellor, East West University, Chicago.

wajidhassan@yahoo.com

The Land of Smiles Awaits You!

Figuring out to study abroad is easy but the toughest part is choosing where to study, especially when there are hefty price tags attached to the foreign degrees. But, never mind, FES, the best education consultants for study abroad in Pakistan, has narrowed down your options by selecting an affordable yet an emerging study abroad destination for you with a cheaper fee and lower living cost. So if you are planning on taking this once-in-a-lifetime journey without having to spend loads then there is an excellent chance for you to explore Thailand.

The dichotomous blend of contemporary and ancient culture of Thailand is a perfect fit for everyone, which means there is ample chance throughout the year to indulge in exciting activities (i.e. obviously when you’re not studying. Mind it!). Students can rejuvenate themselves and fuel their wanderlust once they get free from their monotonous university life by hopping on the low-cost budget airlines and travel to the countries situated nearby Thailand. They can take a break from their regular grind by exploring the world’s largest cave in Vietnam, to the southeast of Thailand, or travel to the south to appreciate the skyline and capture the spires of Petronas Towers in Malaysia. Students can also experience the memories of their incredible adventures in neighboring countries of Laos, Cambodia, Myanmar, and not to forget the other Southeast Asian countries which are close by as well.

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FES believes that students should embrace every opportunity that comes their way and now that you would have had a fairly clear glimpse into what Thailand has in store of you then grab the offer to get enrolled in the University of Webster either in the heart of Bangkok, the capital of Thailand or in Thailand’s rural side in the small town by the beach, Cha-Am / Hua Hin.  The two campuses of this global American university in Thailand welcome both undergraduate and graduate international students from over sixty countries, thus creating a diverse atmosphere for learning while obtaining an accredited American degree. The University of Webster takes pride in being a truly global university and has a widespread network across the four continents of North America, Europe, Asia and Africa. It offers a distinct range of undergraduate and graduate degrees ranging from Business Administration, Media Communications, Psychology, MBA, International Relations to Teaching English as Second Language and many more. University of Webster’s degrees are taught by exceptionally experienced faculty members who share their knowledge devotedly with the students enabling them to gain real-world experience. Discover the academic excellence at the University of Webster Thailand and become the global leaders of tomorrow.

STUDY ABROAD

International students receive a warm welcome in Thailand because of the friendliness of their local Thai people; no wonder it is popularly known as the “Land of Smiles”. This is not the only reason for you to opt to study abroad in Thailand; there are plenty of other benefits and reasons for you to make Thailand your study abroad destination. The budget-friendly cost of accommodation, food and transportation suits every pocket and you won’t have to empty your piggy bank at the end of the month to pay your bills. So what are you waiting for? Take the next step, fill up the admission form, pick up your passport and fly away to Thailand.

CONTACT FES BY CLICKING HERE
CHECK OUT THE OFFICIAL WEBSITE OF WEBSTER UNIVERSITY OF THAILAND

Live the Aussie dream

Are you about to end your high-school? Have you recently graduated and thinking about pursuing a foreign degree? Do you aspire to study abroad in australia? Pause! Pack your bags and get ready for the most rewarding experience of your lifetime in Australia; there is arguably no better place to study than the best education powerhouse of the world. Australia is one of the world’s most popular study abroad destinations because it hosts more than six of the highly-ranked universities of the world. These study abroad programmes in Australia open endless doors of opportunities for international students and that is why students are more determined to study in Australia in the recent years.

Australian Flag - study abroad in australia

Australia loves to welcome international students and you would not be surprised to know that approximately more than 500,000 international students decided to get enrolled in Australian universities in the previous year; this speaks volumes about the quality of education they offer. The Australian universities cater to all the aspiring students by offering numerous undergraduate and graduate degree options to them. The study abroad stay in Australia of our Pakistani students becomes easier because of the diverse Australian culture, and similarly, it helps our students to adapt to the Australian lifestyle both culturally and linguistically.

Australia offers myriad facilities to students planning to make Australia their study abroad destination by being comparatively cheaper than the United States and the United Kingdom. The low cost of tuition along with the considerably lower living expenses makes Australia the best available choice to the Pakistani students wishing to study abroad. Other than that, Pakistani students can also avail the advantage of working part-time and simultaneously gain work experience during their study abroad stay in Australia. The Australian qualification gives you extra brownie points while landing a job back in your home country and sets you apart from the rest of the crowd due to the fact that Pakistan has an immense preference and job market for foreign degrees.

UTAS logo - study abroad in australia

We at FES are pretty sure that by now you must be planning to catch the first available flight to Australia, but at the same time you must be confused regarding your university choice; do not fret about it, our consultants for higher education abroad have chosen the University of Tasmania as the best possible option for you.

Australia boasts the historical and globally renowned University of Tasmania, dating back a century and a half. Being one of the oldest universities in Australia, UTAS provides a wide array of courses to its students.  The University of Tasmania is among the top 2% of the international universities because of its excellence in teaching, research as well as their high caliber and standard of education. The University of Tasmania takes pride in providing financial support and scholarships to the international undergraduate and graduate students. UTAS is definitely the best study abroad option and ticks all the right boxes as it is committed to develop future global leaders. Tasmania is the best of both worlds of vibrant lifestyle as well as its serene beauty and nature, which means that you will never have a dull moment when you’re not studying.

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UTAS Campus

It is time to soak up the lifestyle of the land Down Under and bring back countless memories to your home country. Ta mates!

CONTACT FES BY CLICKING HERE
CHECK OUT THE OFFICIAL WEBSITE OF WEBSTER UNIVERSITY OF TASMANIA