STAFF REPORT ISB: 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.

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 organised 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.The participants from Pakistan included PSEB represented by MD Asim Shahryar whereas the COMSATS Institute of Information Technology (CIIT) is led by its Pro-Rector Dr Haroon Rashid.

Purpose of the forum was to bring Pakistan and Chinese counterparts in Software and IT industry together to create a synergy between them.

Director General of Shenzhen Science, Technology and Innovation Commission, Lu Jian said on the occasion that Shenzhens IT products output in 2013 was worth RMB 1.2 trillion and its Software products valued at $ 1 billion.

Liu Jian expressed confidence that it would lay solid foundation for future cooperation. He said not only was Pakistan a strategic partner, it also offered cost effective advantage and favourable policy environment.

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