Prime Minister Shaukat Aziz has said that the government is investing in IT education, strengthening infrastructure and promoting venture capital funds to place Pakistan on the World IT map. He was talking to Asad Jamal, CEO of e-plant ventures, a Silicon Valley, California based Company who called on him here at Governor House on Saturday.
Asad Ajmal is heading a 2 billion dollar venture capital fund. The Prime Minister said the financial sector reforms have made Pakistan an attractive place for investments in financial sector and capital markets and a number of stock exchanges have shown keenness to enter into strategic partnership with Pakistan's stock exchanges.
The Prime Minister said: "We want to make Pakistan a destination for global private fund. We are promoting venture capital private equity and SECP is preparing the necessary regulations in this regard. Shaukat Aziz said some progress has been made in export of IT enabled services and now we want to move up the value chain.
Asad Jamal pointed out the key to success in present age is to remove the knowledge deficit in our country which, he observed, largely emanates from falling behind in technology. He said ICTs have provided a mean to rapidly remove this deficit.
He also stressed that Muslim countries should form a group to launch venture capital fund to benefit the entire Muslim world and Pakistan should take a lead by providing the necessary platform.
The meeting was attended by Governor Sindh Dr Ishratul Ibad, Chief Minister Dr Arbab Ghulam Rahim, Special Assistant to Prime Minister Commander Khalilur Rahman (Retd) and senior officials.
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