ISLAMABAD - Pakistan Software Export Board (PSEB) will sign a memorandum of understanding (MoU) with Pakistan Stock Exchange (PSX) soon, ensuring sustainable growth of Pakistan’s IT sector in the country. The MoU is a giant leap forward for the development of Pakistan’s IT industry, said a news release. This would be the first-ever MoU between PSEB and Pakistan Stock Exchange. The aim is to increase the number of listed technology companies on the PSX Main Board & GEM Board which would in turn help to strengthen the financial ecosystem for IT sector growth and build a strong brand image of Pakistan’s IT industry in the international markets. There are significant benefits for Pakistani technology companies to list on the stock exchange. By listing on the stock exchange, a company gains instant credibility and stature with prospective clients and suppliers. This is a significant advantage particularly for Pakistani tech companies as it makes it easier to solicit overseas customers due to the increased credibility that comes from being listed on a reputed platform such as the Pakistan Stock Exchange. Listing on the stock exchange also improves corporate governance, and companies can maintain more autonomy and control through the ability to rapidly raise low-cost capital compared to banks, venture capitalists, or private investors.