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Transworld Associates is a Tier-1 provider based in Pakistan serving as a backbone for IP connectivity in Pakistan. It is a joint-venture between Orastar Limited and the Oman based OMZEST Group. [1] Transworld owns and operates the 1,300 km submarine communications cable named TW1 that links Pakistan to the United Arab Emirates and Oman.
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion.
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TPS Pakistan's two founders, Mohammad Sohail and Mubashir Rahim, completed their higher education in engineering in the United States. After gaining experience at NCR Corporation, a software and electronics company specialised in computer servers and ATMs, [1] they returned to Pakistan in the early 1990s. In Karachi, they established their own ...
The Government of Pakistan has prioritized Information technology as a key component of its efforts to establish an "Information age" within the country. [12] Significant progress has been made in developing efficient computerized e-government systems for major departments, including the police, law enforcement agencies, and district administration. [12]
In September 2021, the share price of Systems Ltd reached Rs. 740.93 and the company's market value became Rs. 102 billion, making Systems Ltd the first Pakistani IT company to cross-market value of PKR 100 billion. [11] In Aug 2022, Systems Limited created a new subsidiary in Johannesburg, South Africa, as part of its ongoing global expansion.
In November 2015, VEON announced the acquisition of Warid Pakistan, a subsidiary of Abu Dhabi Group. Completed in July 2016 after due approvals, the first-ever local telecom company acquisition created a combined subscriber base of 50 million. Following the merger of Mobilink and Warid Pakistan, Mobilink was officially rebranded to Jazz in 2017 ...
Axact was founded by Shoaib Ahmed Shaikh, who serves as its chairman.It is based in Karachi, and has over 2,000 employees. [2] According to Shaikh, the company was founded in 1997 with fewer than 10 employees working in a single room.