ISLAMABAD - Pakistan and China have signed 25 commercial MoUs to promote bilateral cooperation in the IT sector, following IT Forum held in Chinese city of Shenzhen, says a press release received here on Sunday.

Out of 25 MoUs, 15 were by the Pakistani private enterprises and 10 by the COMSATS IT delegation. This was the first-ever Forum of its kind held between the two countries, which was attended by 63 participants from Pakistan and about 200 from the Chinese side.

The Forum was organized by the Consulate General of Pakistan, Guangzhou, China, in collaboration with Shenzhen Science, Technology and Innovation Commission, Shenzhen Software Park, Shenzhen Hi-Tech Park, Shenzhen Science and Technology Business Platform and Shenzhen Software Industry Association.

Participants from Pakistan included Pakistan Software Export Board (PSEB) represented by its Managing Director, Mr. Asim Shahryar Husain, whereas the COMSATS Institute of Information Technology (CIIT) was led by its Pro-Rector Dr. Haroon Rashid.  Enterprises from Private Sector Software Industry and members of CIIT’s various Software Houses, Telecommunication Study Center, Information Technology Services also attended the Forum.

In his welcoming remarks, the Consul General Babar Amin thanked all the Chinese Government organizations and private sector Associations which rendered their indispensable support to host the Forum. The purpose of the Forum was to bring Pakistan and Chinese counterparts in Software and IT industry together to create a synergy between them.

He emphasized that Software and IT industry in both the countries can benefit from each other’s complementary strength in this field, to achieve a win-win outcome.

Director General of Shenzhen Science, Technology and Innovation Commission, Mr. Lu Jian in his opening remarks informed that Shenzhen’s IT products output in 2013 was worth RMB 1.2 trillion (US$ 200 billion) and its Software products valued RMB 600 billion (US$ 1 billion). Shenzhen’s Software revenue accounted for 1/10th of the total national output.

Welcoming the Consulate General of Pakistan’s initiative to host the Pakistan-China Software and IT Forum, Mr. Liu Jian expressed confidence that it would lay solid foundation for future cooperation. He said that not only was Pakistan a strategic partner, it also offered cost effective advantage and favourable policy environment.

A key note address was delivered by Chinese Software Industry Veteran leader, former President of China Software Association and its current Advisor, Mr. Chen Chong. He said that Pakistan’s potential in Software field is not very well known in China and this Forum was the first major breakthrough in bringing Software enterprises of the two countries together. Mr. Chen assured full support of Chinese Software Industry, to enhancement business ties with Pakistan in the Software and IT fields.Managing Director PSEB, Mr. Hussain presented salient features of Pakistan’s IT Industry and areas of its Software expertise.

 He briefed the participants as to why Pakistan should be a preferred destination for Chinese Software outsourcing and joint collaboration. Pro-Rector CIIT Dr. Rashid highlighted the Institutes Software capabilities and how cooperation can be done with the Chinese enterprises on ‘Academia- Industry Collaboration’ model.

Representatives of Pakistan Software Houses Associations (P@SHA), Sultan Hamdani presented the state of Pakistan’s Software Industry and the opportune business advantages offered by it.

The Pakistani participants also visited Shenzhen based major Software and IT companies such as E-Soft, Kingdom Technology Company, ZTE, Huawei, Tencent and Kingdee, on 15-16 December, 2014.

China being the second biggest global Software and IT market, offers huge potential for Pakistan. Simultaneously China can enormously benefit from Pakistan’s Software expertise, especially for English Language interfacing and cost effective solutions. It is expected that enhanced interaction between the relevant enterprises from the two sides will generate significant business in this non-traditional area of the two countries’ trade.