TOBA TEK SINGH: Agreements were inked during the the three-day Pakistan Economic Conference (PEC) last week which would open new avenues of foreign and local investment in the IT (Information Technology) sector.

A press release by the Faisalabad Chamber of Commerce said on Thursday: “The FCCI has decided to launch a joint venture company in collaboration with Panacloud to fulfill the financial needs of talented youth who have expertise in IT sector and can play their role in giving a quantum jump to the IT exports.”

The release said the deal would spur the IT-related activities in this region and would also help traders start online business along with their traditional ways of doing business.

He said four agreements were inked between the BlockChain company with CFO Club of Pakistan and Genius Minds.

The press release said Sitara group has established the first IT Park in Faisalabad which has sufficient space to accommodate individuals and IT-related companies with a facility of plug and play.

Published in Dawn, March 25th, 2022