Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: JSiraj Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 289  
Subject: Foregin Investment In IT Date: 12/23/2000 4:22 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0



Minister for Science and Technology Prof Atta-ur-Rahman has disclosed that the government during the last three weeks has received commitments of Rs12 billion investment in telecommunication and information technology sector.

Talking to journalists on Friday, the minister informed that Motorola, an American concern, has committed to invest Rs9 billion whereas the government also secured commitment of Rs2 billion investment by a British company in both telecom and IT. He said they would establish 10 IT centres at a cost of Rs200 million while Oracle would invest $20 million in the IT sector specially in Sindh.

The minister further said that Cisco had announced to set up 'network academies' in Pakistan. He said the government would further reduce the tariff for the Internet Service Providers (ISP). "It's just the beginning of a greater IT revolution in the country. If we continue our efforts with same spirit we would end up strengthening Pakistan on the world map," he observed.

Earlier, Prof Atta, along with the Basha family, unveiled the plaque of the Umaer Basha Institute of Information Technology at the campus. The sanctioned institute would be an upgraded version of the existing Department of Computer Science of the University of Karachi. Umaer Basha was an outstanding student at the Massachusetts Institute of Technology (MIT) and died a tragic cerebral death in 1997.

Speaking at a function in the arts auditorium, Umaer's mother, Dr. Fatima Basha apprised that Umaer Basha Foundation was founded in USA as a philanthropist organisation committed to promote high tech education and training. It will initially provide Rs 10 million for the construction and development of the institute. Total development cost of the institute will be borne jointly by the foundation and the University of Karachi, she added.

Prof. Atta-ur-Rahman saluted the brave mother who had courage to get up and shared her views with the audience. He said Umaer was sure that education was the only difference between Pakistanis and the Western people. Prof. Atta mentioned that Umaer in his brief stay at the MIT had identified its shortcomings. It was his interest and persuasion that a freshman research unit was created for the young scholars, he added.

Vice-Chancellor of University of Karachi, Prof. Zafar Zaidi said that the administration had outlined a number of projects, which the new institute would undertake after commissioning. "It intends to develop software and agreements are being worked out with the Umaer Basha Foundation for allocation of funds to provide training to the promising students of the institute in the USA, he added. Prof. Zaidi said that the institute in the initial phase would continue the present educational activities and develop research in the allied field of information technology.

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement