PR No. 161
DCO to help expand investor network for upcoming Pakistan Startup Fund: Dr. Umar Saif
ISLAMABAD: November 21, 2023

Caretaker Federal Minister for IT and Telecommunication Dr. Umar Saif held virtual meeting with Secretary General Digital Cooperation Organization (DCO) here on Tuesday. The meeting discussed matters related to facilitate Pakistani IT companies to expand business in DCO member states. Dr. Umar Saif said that Pakistan has good relations with DCO member countries. Pakistan will be hosting DCO’s first event on Digital Foriegn Direct Investment (FDI) early next year for all the member states, he added. Dr. Umar Saif said DCO digital passport will be one stop shop to facilitate digital businesses in one countries to expand to other member counties — starting with Pakistani companies wanting to expand to Saudi Arabia's markets He said DCO will help expand the investor network for the upcoming Pakistan Startup Fund. DCO member states are: Pakistan, Saudi Arabia, Bahrain, Kuwait, Nigeria, Oman and Jordan. The meeting was also attended by Member IT Syed Junaid Imam and Member International Coordination Ajmal Anwar Awan. Meanwhile, Caretaker Federal Minister for IT Dr Umar Saif chaired a meeting to finalise the plan with HEC for improving the quality of Computer Science students in universities and their subsequent placement in the IT industry. The meeting decided that HEC, PASHA, PSEB and the National Computing Education Accreditation Council will be conducting a standardised test for quality assessment and placement of IT students in the final semester. PSEB will compile data about students who appear and pass the test. An industry co-opt program will be institutionalised in the final semester, where students can get 6-9 credit units for working in the industry and gaining practical experience before they graduate. PASHA will work with the industry to ensure placement of students in IT companies who pass the test, and their subsequent job opportunities. The meeting was attended by HEC Executive Director Dr Ziaul Qayyum, Member IT Syed Junaid Imam, CEO Ignite Asim Shahryar Husain and others./Ends

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