black-hawk_101
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Also, more and more Pakistanis are going out of country forever.
Rising College Graduation Rates in Pakistan
- Thread starter RiazHaq
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There's no "forever". There are many examples of Pakistanis returning to start businesses or work in their home country.
#Pakistan, the Next #software Hub? 1500 registered #informationtechnology companies, 10,000 IT grads every year. http://nyti.ms/1P0Yfdu
Pakistan’s I.T. sector is carving a niche for itself as a favored place to go for freelance I.T. programmers, software coders and app designers. There are now 1,500 registered I.T. companies in Pakistan, and 10,000 I.T. grads enter the market every year. Energetic members of the middle class educated in Pakistan’s top universities, they have honed their skills at the many hackathons, start-up fairs and expos, digital summits and entrepreneurial events at campuses, software houses and I.T. associations across the country.
Next comes showcasing their skills to a global market in order to grow businesses. So Pakistani freelance programmers flock to global freelance hiring sites such as Upwork, or fiverr.com, where digital employers in the United States, Australia or Britain bid to hire programmers for small software and app projects. On these platforms, hiring someone from Pakistan becomes as easy as hiring someone from Ireland or India, because traditional concerns about security, corruption and invasive bureaucracy in Pakistan do not apply.
The formula is working: the Pakistani programmers market ranks as the No. 3 country for supplying — freelance programmers — behind only the United States and India, and up from No. 5 just two years ago. It ranks in the upper 10 to 25 percent on Upwork’s listing of growth rates for top-earning countries, alongside India, Canada and Ukraine. Pakistan’s freelance programmers already account for $850 million of the country’s software exports; that number could go up to $1 billion in the next several months, says Umar Saif, who heads the Punjab I.T. Board and previously taught and did research work at M.I.T.
The optimism one hears in Karachi and Lahore even withstood a scandal last May, when news broke that Axact, one of Pakistan’s largest I.T. companies, was operating as a fake degree mill. Members of the tight-knit I.T. community reacted at first with fears for Pakistan’s chances to become a major player on the world’s I.T. stage. Perhaps those fears acted as a spur to the authorities, who arrested Axact’s chief within weeks after the scheme was laid bare.
In any event, three days after investigators raided Axact’s offices, Naseeb Networks International, a Lahore-based company that runs the online job marketplace Rozee.pk, announced that it had won a third round of investments, worth $6.5 million, from the European investment firms Vostok Nafta and Piton Capital, bringing the company’s total venture capital funding to $8.5 million. It was the latest in a series of large venture capital investments in Pakistan over the last year and a half.
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It’s now also faster and easier for foreign companies to acquire the apps these programmers create, in contrast with negotiating traditional service contracts, and Mr. Saif anticipates that such start-ups will themselves become targets for acquisition by overseas companies.
According to him, venture capital is the one missing ingredient in an enabling environment that the government, universities and software associations are building. Per Brilioth, the managing director of Vostok Nafta Investment, agrees. “The macro indicators and demographics are very strong,” he said, “and the country doesn't seem to get a lot of investor attention, so valuations are reasonable."
Those factors — and the rapidity with which Pakistan’s 200 million people are embracing the Internet on sub-$50 Chinese 3G smartphones — are markers on which Pakistan’s entrepreneurial leaders pin their hopes for the future. They see problems like Axact as bumps in the road as Pakistan builds a haven for I.T. development.
http://www.nytimes.com/2015/08/11/opinion/bina-shah-pakistan-the-next-software-hub.html?_r=0
Pakistan’s I.T. sector is carving a niche for itself as a favored place to go for freelance I.T. programmers, software coders and app designers. There are now 1,500 registered I.T. companies in Pakistan, and 10,000 I.T. grads enter the market every year. Energetic members of the middle class educated in Pakistan’s top universities, they have honed their skills at the many hackathons, start-up fairs and expos, digital summits and entrepreneurial events at campuses, software houses and I.T. associations across the country.
Next comes showcasing their skills to a global market in order to grow businesses. So Pakistani freelance programmers flock to global freelance hiring sites such as Upwork, or fiverr.com, where digital employers in the United States, Australia or Britain bid to hire programmers for small software and app projects. On these platforms, hiring someone from Pakistan becomes as easy as hiring someone from Ireland or India, because traditional concerns about security, corruption and invasive bureaucracy in Pakistan do not apply.
The formula is working: the Pakistani programmers market ranks as the No. 3 country for supplying — freelance programmers — behind only the United States and India, and up from No. 5 just two years ago. It ranks in the upper 10 to 25 percent on Upwork’s listing of growth rates for top-earning countries, alongside India, Canada and Ukraine. Pakistan’s freelance programmers already account for $850 million of the country’s software exports; that number could go up to $1 billion in the next several months, says Umar Saif, who heads the Punjab I.T. Board and previously taught and did research work at M.I.T.
The optimism one hears in Karachi and Lahore even withstood a scandal last May, when news broke that Axact, one of Pakistan’s largest I.T. companies, was operating as a fake degree mill. Members of the tight-knit I.T. community reacted at first with fears for Pakistan’s chances to become a major player on the world’s I.T. stage. Perhaps those fears acted as a spur to the authorities, who arrested Axact’s chief within weeks after the scheme was laid bare.
In any event, three days after investigators raided Axact’s offices, Naseeb Networks International, a Lahore-based company that runs the online job marketplace Rozee.pk, announced that it had won a third round of investments, worth $6.5 million, from the European investment firms Vostok Nafta and Piton Capital, bringing the company’s total venture capital funding to $8.5 million. It was the latest in a series of large venture capital investments in Pakistan over the last year and a half.
---------
It’s now also faster and easier for foreign companies to acquire the apps these programmers create, in contrast with negotiating traditional service contracts, and Mr. Saif anticipates that such start-ups will themselves become targets for acquisition by overseas companies.
According to him, venture capital is the one missing ingredient in an enabling environment that the government, universities and software associations are building. Per Brilioth, the managing director of Vostok Nafta Investment, agrees. “The macro indicators and demographics are very strong,” he said, “and the country doesn't seem to get a lot of investor attention, so valuations are reasonable."
Those factors — and the rapidity with which Pakistan’s 200 million people are embracing the Internet on sub-$50 Chinese 3G smartphones — are markers on which Pakistan’s entrepreneurial leaders pin their hopes for the future. They see problems like Axact as bumps in the road as Pakistan builds a haven for I.T. development.
http://www.nytimes.com/2015/08/11/opinion/bina-shah-pakistan-the-next-software-hub.html?_r=0
Mr.Nair
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The problem of pakistan there is no major industrial investment like newly pledged investment proposal like in india
Foxconn Plans to Spend $5 Billion on Factories in India’s Maharashtra State - WSJ
There is no industrial IT giants like TCS,Infosys,wipro,tech mahindra,hcl etc in pakistan to absorb a large chunk of professional graduates
There is no pharma giants like cipla,sun pharmaceutical,ranbaxy,biacon etc in pakistan
The best job opportunities for youngsters to grab mass opportunity with decent package is like IT,Pharma etc...
Foxconn Plans to Spend $5 Billion on Factories in India’s Maharashtra State - WSJ
There is no industrial IT giants like TCS,Infosys,wipro,tech mahindra,hcl etc in pakistan to absorb a large chunk of professional graduates
There is no pharma giants like cipla,sun pharmaceutical,ranbaxy,biacon etc in pakistan
The best job opportunities for youngsters to grab mass opportunity with decent package is like IT,Pharma etc...
Pakistanisage
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I would love to see twice as many in College/University.
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