Tech, fi­nan­cial rev­o­lu­tion to drive growth, so­cio-eco dev

Pakistan Observer - - ECONOMY WATCH - STAFF RE­PORTER

Cur­rency Sell­ing Buy­ing ISLAMABAD—Em­i­nent speak­ers from the Tele­com & IT sec­tors em­pha­sized en­abling pol­icy, tech­no­log­i­cal ad­vance­ment and fi­nan­cial rev­o­lu­tion would drive growth and spur eco­nomic ac­tiv­ity in Pak­istan. This was con­cluded on Tues­day at the 9TH Pak­istan TELECON 2016 or­ga­nized by Sham­rock Con­fer­ences In­ter­na­tional in Islamabad. Chair­man PTA, Syed Is­mail Shah in his key­note ad­dress stressed the need for rec­og­niz­ing the win­dow of op­por­tu­nity for Pak­istan and en­cour­aged the pri­vate sec­tor and en­trepreneurs to do more. He said, “Pak­istan is on a growth strat­egy, we need col­lab­o­rated and mu­tual hand­hold­ing of var­i­ous stake­hold­ers.” The theme of the con­fer­ence “At the Cross­roads of Rev­o­lu­tion­ary Tech­nol­ogy Chal­lenges” was car­ried for­ward through two ded­i­cated ses­sions on reg­u­la­tory and tech­nol­ogy fol­lowed by a panel dis­cus­sion. Nadeem Hus­sain, a vi­sion­ary fi­nan­cial spe­cial­ist while in­tro­duc­ing his new ven­ture, Planet N Group, said, “The fi­nan­cial rev­o­lu­tion for the un­banked peo­ple of Pak­istan re­quires an un­der-Rs.1000 smart phone with em­bed­ded APIs, al­low­ing the ru­ral and un­banked pop­u­la­tion to open a bank ac­count, ob­tain credit, make pay­ments and watch TV for free.”

Ex­am­in­ing the reg­u­la­tory frame­work to de­ter­mine the per­for­mance, po­ten­tial and the fu­ture strat­egy for the na­tion’s progress in the Tele­com and IT sec­tors, Wa­haj Si­raj, CEO & Co-Founder of Nay­a­tel opined that the in­dus­try had huge po­ten­tial, it was time for the reg­u­la­tor and the pri­vate sec­tor to team up for fa­vor­able out­comes. Mean­while, Syed Ah­mad, Chair­man of P@SHA was of the view that piracy is a ma­jor im­ped­i­ment and PEMRA rules were old and not con­ducive, lack­ing con­trac­tual en­force­ment; tax­a­tion was one of the big­gest is­sues hurt­ing the IT in­dus­try. The ses­sion on ‘Tech­nol­ogy’ was chaired by Sal­man An­sari, a for­mer ad­vi­sor MOiTT, who en­gaged the speak­ers by ask­ing them how they saw tech­nol­ogy un­fold­ing for Pak­istan. This ses­sion was fo­cused on ex­plor­ing new op­por­tu­ni­ties and fac­tors that drive tech­nol­ogy de­ploy­ment, while the ex­perts dis­cussed how to make next-gen­er­a­tion tech­nolo­gies ac­ces­si­ble for all.

Ir­fan Wa­hab Khan, Deputy CEO, Te­lenor spoke about how amaz­ing prod­ucts were strength­en­ing the dig­i­tal ecosys­tem in Pak­istan; he said, “tech­nol­ogy is trans­form­ing seam­lessly.” Mean­while, two vis­it­ing tech­nol­ogy spe­cial­ists, Damian Bethke, Deputy GM, Global Mes­sage Ser­vices AG from Switzerland and Oguz Kuchk­barak, CEO & Man­ag­ing Part­ner, ODC Busi­ness So­lu­tions from Tur­key, spoke about tele­com & IT ex­pe­ri­ences in their re­spec­tive coun­tries. An in­ter­est­ing as­pect of TELECON 2016 was the Panel Dis­cus­sion on the global theme of World Tele­com Day 2016, “ICT En­trepreneur­ship for So­cial Im­pact” which was chaired by Je­han Ara, Pres­i­dent, P@SHA and a spe­cial­ist in nur­tur­ing en­trepreneur­ship and star­tups. The panel com­pris­ing of Asim She­har­yar Hus­sain, MD, Pak­istan Soft­ware Ex­port Board (PSEB), Shahida Saleem, Team Lead Ilm 2, Mo­ham­mad Nas­rul­lah, VP, Cus­tomer So­lu­tions CONVO and Ju­naid Iqbal, MD, Ca­reem Net­works Pak­istan, con­cluded that data pro­tec­tion law was a long stand­ing is­sue that needs at­ten­tion.

ISLAMABAD: Chair­man PTA Syed Is­mail Shah ad­dress­ing the 9th Pak­istan TELECON 2016 or­ga­nized by Sham­rock Con­fer­ences Int’l in Islamabad.

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