Through the effective strategy of the Special Investment Facilitation Council (SIFC), European companies are expressing keen interest in investing in Pakistan’s burgeoning IT sector.
Startups that have graduated from the National Incubation Centers, established under the SIFC, are proving to be particularly attractive to foreign IT companies looking to invest in Pakistan.
One notable example is a European software company that has announced plans to establish a data center in Karachi.
This move underscores the growing confidence of foreign companies in Pakistan’s IT and other sectors, thanks to the relentless efforts of the SIFC and the robust networking of National Incubation Centers.
According to the US web portal Microsoft Network, foreign companies are increasingly relocating their businesses to Pakistan due to its expanding capacity, well-trained youth, and promising opportunities.
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Further bolstering this trend is the decision of the Czech Republic’s software company IceWarp to collaborate with Pakistan’s software company Hexalyze to set up a data center in Karachi.
Jan Urbik, IceWarp’s Global Chief Sales, emphasized Pakistan’s high potential for digital transformation across government and private sector organizations. He pledged to support Pakistan’s IT mission by offering cost-effective solutions.
IceWarp’s investment is poised to deliver significant cost savings of up to 60 percent in software and cybersecurity services to various industries, financial institutions, small and medium enterprises, and startups.
This partnership exemplifies the growing confidence of international companies in Pakistan’s thriving IT landscape and its potential to drive digital innovation and economic growth.