09-05-2004, 05:15 PM
US firm to shift software centres to Pakistan
RECORDER REPORT
ISLAMABAD (August 06 2004) Halliburton's Landmark Graphics Division, a US-based company, announced on Thursday that it has decided to shift some of its main software development centres in Norway to Pakistan.
LMK Resources is also looking for possibility of transferring some major projects to Pakistan.
Peter Bernard, President, Landmark Graphics, a division of Halliburton, USA informed this to Information Technology Minister Awais Ahmad Khan Leghari during a meeting here.
IT Secretary Khalid Saeed Nooruddin Baqai, member telecom at the Information Technology Ministry and Dr Amir Matin, Managing Director, Pakistan Software Export Board, were also present on the occasion.
Peter Bernard thanked the Government of Pakistan for the support and incentives extended to his company, which helped it in rapidly growing in Pakistan.
Peter said, "LMK Resources had already employed around 350 people in Pakistan and is expecting major growth in future."
He appreciated the government incentives-laden policy for IT sector. He said that LMK Resources was taking full advantage of the incentives and is rapidly growing in Pakistan. LMK Resources would invest $20 million to provide training facilities and other IT-enabled services in Pakistan in two to three years.
Peter said, "We expect our business volume to double in the next one-and-a-half-year in Pakistan."
He said LMK Resources, founded in 1994 with a team of 13 professionals, had shown a consistent growth rate of 30 percent per annum. LMK Resources is a part of Halliburton, a leading company providing products and services to oil and gas companies. Its employees are more than 100,000 people in over 120 countries.
Awais Leghari thanked the delegation for showing keen interest in expanding their operations in Pakistan.
He said the ministry was working aggressively to help in creating in the next three years about five to six internationally medium-sized companies in the country, offering software development and IT-enabled services to local and international players.
He said the government had devised investment-friendly and export-oriented policies to boost IT sector and Pakistan Software Export Board was restructured recently to incorporate in its board top professionals from the private and public sectors to gear up efforts for the growth and uplift of the IT sector.
He said the ministry was expecting three to four international players to visit Pakistan next month to look for the possibility to invest in animation industry whose turnover had crossed $12 billion mark world over and was set to grow at a massive scale in the coming years.
Copyright Business Recorder, 2004
RECORDER REPORT
ISLAMABAD (August 06 2004) Halliburton's Landmark Graphics Division, a US-based company, announced on Thursday that it has decided to shift some of its main software development centres in Norway to Pakistan.
LMK Resources is also looking for possibility of transferring some major projects to Pakistan.
Peter Bernard, President, Landmark Graphics, a division of Halliburton, USA informed this to Information Technology Minister Awais Ahmad Khan Leghari during a meeting here.
IT Secretary Khalid Saeed Nooruddin Baqai, member telecom at the Information Technology Ministry and Dr Amir Matin, Managing Director, Pakistan Software Export Board, were also present on the occasion.
Peter Bernard thanked the Government of Pakistan for the support and incentives extended to his company, which helped it in rapidly growing in Pakistan.
Peter said, "LMK Resources had already employed around 350 people in Pakistan and is expecting major growth in future."
He appreciated the government incentives-laden policy for IT sector. He said that LMK Resources was taking full advantage of the incentives and is rapidly growing in Pakistan. LMK Resources would invest $20 million to provide training facilities and other IT-enabled services in Pakistan in two to three years.
Peter said, "We expect our business volume to double in the next one-and-a-half-year in Pakistan."
He said LMK Resources, founded in 1994 with a team of 13 professionals, had shown a consistent growth rate of 30 percent per annum. LMK Resources is a part of Halliburton, a leading company providing products and services to oil and gas companies. Its employees are more than 100,000 people in over 120 countries.
Awais Leghari thanked the delegation for showing keen interest in expanding their operations in Pakistan.
He said the ministry was working aggressively to help in creating in the next three years about five to six internationally medium-sized companies in the country, offering software development and IT-enabled services to local and international players.
He said the government had devised investment-friendly and export-oriented policies to boost IT sector and Pakistan Software Export Board was restructured recently to incorporate in its board top professionals from the private and public sectors to gear up efforts for the growth and uplift of the IT sector.
He said the ministry was expecting three to four international players to visit Pakistan next month to look for the possibility to invest in animation industry whose turnover had crossed $12 billion mark world over and was set to grow at a massive scale in the coming years.
Copyright Business Recorder, 2004
