Representatives of multinational companies called on Federal Minister for IT and Telecommunication Syed Amin Ul Haque here on Wednesday. The multinational companies whose representatives met with IT Minister included Microsoft, IBM, Oracle, VMware, Teradata, Huawei, S & P Global Pakistan, Amazon Web Services and SAP Middle East & North Africa. Federal Secretary Ministry of IT and Telecommunication Dr. Muhammad Sohail Rajput and MD Pakistan Software Export Board (PSEB) Osman Nasir were also present in the meeting. Matters about information technology, connectivity, IT exports and investment opportunities in IT & Telecom sector Pakistan were discussed during the meeting. The representatives of multinational companies apprised the Federal Minister for IT about their respective companies issues and reservations. It was agreed that review meeting with multinational companies will be convened after every three months. Addressing the meeting, Federal Minister for IT Syed Amin Ul Haque said great opportunities for business and investment are present in Pakistan for multinational companies. Pakistan is situated in best timezone for IT & software companies' business. Multinational companies can create employment opportunities for Pakistani youth, he added. He said that government is giving incentives and tax exemption to foreign investors. He also asked multinational companies to point hurdles in the way of the promotion of their businesses besides giving recommendations. The Federal Minister also urged multinational companies to start research and development process, adding that it is vital to give state of the art technological training to Pakistani youth. Senior officers of Ministry of IT and Telecommunication were also present on the occasion.
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