IT sector termed key contributor to macroeconomic stability

Business Recorder reported that Muhammad Ali Rashid, Special Assistant to the Chief Minister and Minister for Science & Information Technology, credited the IT sector with supporting macroeconomic stability. He said rapid innovation, wider digital capacity and rising export potential have pushed the sector into that role. Speaking at the 22nd Annual P@SHA ICT Awards, put on by the Pakistan Software Houses Association, he added that the sector is also helping the trade balance, broadening the tax base and drawing foreign investment.

Systems Limited, the event's Industry Partner, claimed a Gold accolade in the Top Exporter category under Services, recognising its technology export operations. According to the report, the honour underlines the value of export-led growth, as the company adds to foreign exchange earnings and showcases Pakistan's technological capability abroad. Payoneer, Abacus, Contour Software, 10Pearls and NextGENi were among the sponsors that backed the event and its roundtables.

NADRA won a Gold prize for its Pak ID Mobile App in the public sector, while Jazz and its digital arm, The Software Factory, collected five accolades. Quickgen Technologies also took five awards, and DynaSys Networks won four, including Gold for its Automated Flood Warning System.