Dubai Expo: PITB sign two MoUs to bring foreign investment in Punjab’s IT sector

punjab in dubai - Dubai Expo: PITB sign two MoUs to bring foreign investment in Punjab’s IT sector

DUBAI: Punjab Information Technology Board (PITB), on the sidelines of Dubai Expo 2020, has availed the opportunity to sign two memoranda of understanding (MoUs) with foreign investors to bring investment in Punjab’s IT sector.

The MoUs were signed by PITB chairman Azfar Manzoor in the presence of Punjab Minister for Information Technology and Higher Education Raja Yassir Humayun.

The first MoU was signed with the Pakistan Business Council Dubai, a non-profitable organization working under the patronage of the Dubai Chamber of Commerce and Industry.

Meanwhile, a second MoU was signed with the Pakistan Overseas Community Global with its central secretariat in London.

Read More: Punjab signs 20 deals in Dubai to attract UAE investments

Speaking during a panel discussion on the startup ecosystem at the Pakistan Pavilion, Provincial Minister Raja Yasir Humayun has appreciated the PITB for promoting entrepreneurship spirit among the youth.

The Pakistan Pavilion is showcasing success stories from Pakistan in front of a global audience. As many as 20 startups from Punjab are participating in the Dubai Expo, which commenced on October 01, 2021, and will conclude on March 31, 2022.

These were selected by the IT experts after careful evaluation. The Startup Punjab Portal was also officially launched as part of the Startup Punjab initiative during the international business conference, he said.

“Dubai Expo has given Pakistani startups and the IT industry the opportunity to show their potential and skills to a global audience. This will help in attracting foreign investments to support the entrepreneurs in Pakistan”, Humayun said.

“Startup Punjab Portal developed by PITB aims at bridging the disconnect between Pakistani startups and international stakeholders, boost the ICT industry nationwide and expand the footprint of Pakistan on the global entrepreneurship landscape,” he said.

“PITB is overseeing several initiatives aimed at grooming the startups and training of youth to enable them to set up successful businesses and benefit from the international freelancing platforms,” PITB chairman Azfar Manzoor said.

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