Washington DC, 25 October 2022: The Ambassador of Pakistan to the United States, Masood Khan, met the newly appointed Honorary Consul of Pakistan in Orlando, Florida, Adnan Asad, at the Embassy of Pakistan in Washington on Tuesday and highlighted the significance of Tech Sector for the bright future of the country.

Adnan Asad is a successful entrepreneur who invests both in the US and Pakistan.

While speaking with the Consul, the Ambassador remarked, “The tech sector of Pakistan has witnessed exponential growth during past few months and carries a huge potential to further grow.”

“The US investors and business community are supporting tech startups in Pakistan. This projects a bright future of the sector and will serve to strengthen Pak-US bilateral relations,” he continued.

Furthermore, the Pakistani Ambassador said that tech startups had attracted the attention of the world’s leading investment venture capitalists like Global Tiger and the Bay Area, which discern the tremendous potential of a tech-savvy young population of Pakistan and promising prospects of the country in this critical sector.

The Ambassador advised the newly appointed Honorary Consul to establish business linkages and promote people-to-people exchanges between Pakistan and the United States.

In addition, he especially highlighted the critical role of the Pak-American community.

In response to the Ambassador’s remarks, the Honorary Consul said he would use his networks to build bridges between Pakistan and the United States.

Tech industry of Pakistan 

In the past few years, the growth of the IT industry has led to the creation of work opportunities for IT professionals. It has also aided the government and commercial enterprises in their development.

The IT business provides around 7% of Pakistan’s GDP and employs hundreds of thousands of people in many fields like as banking, telecommunications, healthcare, education, and so on.

According to State Bank of Pakistan statistics, Pakistan’s IT exports during the fiscal year 2020/21 crossed the $2 billion mark for the first time in the country’s history; in the financial year 2019/20, exports were $1.44 billion.