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PSEB Venture Capital to strengthen Equity & HR base of IT
03 Dec '07
3 min read
This would allow the fresh graduates to follow a career path provided by the participant companies, thus strengthening the pool of IT human capital in the country.
Under the program, 1058 fresh graduates will be placed as apprentices within the Pakistani IT industry, the spokesman said.
The spokesman told that a multinational IT company, Bearing Point, has already expressed its willingness to recruit about 100 IT apprentices out of which 46 have already been placed.
Another major project, the IT industry Internship Program, said the official Spokesman of PSEB, intends to bridge the gap between the IT industry and the academic institutions, and would help mould fresh graduates into world-class professionals.
Some 3100 internees from 205 universities/institutes were placed in the local IT/ITes industry and 235 IT departments of public and private sector organizations.
The retention rate of the interns by the IT companies was more than 75%, while the remaining secured jobs in other organizations because of their internship experience.
Under its HR Capacity Building Program, PSEB has provided training to the professional staff of 94 leading IT companies in Oracle, Siebel, Mercury, SAP, CISSP, Rational Rose and PMP programs.
PSEB's Expert Advisory Program is in the process of being finalized. The major objective of the program is to facilitate PSEB member companies to hire foreign experts and expatriates.
PSEB expects that the international corporate exposure and technical expertise of the experts will assist Pakistan IT companies in addressing gaps in the management of technical teams, and result in achieving fast track growth and capability to compete at a world level.
PSEB is a Government agency mandated to promote Pakistan's IT industry, including software, services, hardware and call centers locally and globally.
It has been facilitating the IT industry through its programs in human capital, office space, marketing, company capability development, telecom bandwidth, industry finance, public policy, strategy & research, and facilitation.
The IT industry of Pakistan is currently valued over USD 2.8 billion with an IT workforce of 110,000, growing at almost 20,000 a year.
Under the program, 1058 fresh graduates will be placed as apprentices within the Pakistani IT industry, the spokesman said.
The spokesman told that a multinational IT company, Bearing Point, has already expressed its willingness to recruit about 100 IT apprentices out of which 46 have already been placed.
Another major project, the IT industry Internship Program, said the official Spokesman of PSEB, intends to bridge the gap between the IT industry and the academic institutions, and would help mould fresh graduates into world-class professionals.
Some 3100 internees from 205 universities/institutes were placed in the local IT/ITes industry and 235 IT departments of public and private sector organizations.
The retention rate of the interns by the IT companies was more than 75%, while the remaining secured jobs in other organizations because of their internship experience.
Under its HR Capacity Building Program, PSEB has provided training to the professional staff of 94 leading IT companies in Oracle, Siebel, Mercury, SAP, CISSP, Rational Rose and PMP programs.
PSEB's Expert Advisory Program is in the process of being finalized. The major objective of the program is to facilitate PSEB member companies to hire foreign experts and expatriates.
PSEB expects that the international corporate exposure and technical expertise of the experts will assist Pakistan IT companies in addressing gaps in the management of technical teams, and result in achieving fast track growth and capability to compete at a world level.
PSEB is a Government agency mandated to promote Pakistan's IT industry, including software, services, hardware and call centers locally and globally.
It has been facilitating the IT industry through its programs in human capital, office space, marketing, company capability development, telecom bandwidth, industry finance, public policy, strategy & research, and facilitation.
The IT industry of Pakistan is currently valued over USD 2.8 billion with an IT workforce of 110,000, growing at almost 20,000 a year.
Pakistan Software Export Board (G) Limited
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