RAWALPINDI, JUL 22 (DNA) – The Rawalpindi Chamber of Commerce and Industry (RCCI) is going to organize Financial Technology conference (FinTech) earlier next month.

The major purpose of this conference was to promote Information Technology (IT) and to bring awareness among key stakeholders for its use in lowering cost of production and enhancing innovation towards their businesses.

This was stated by RCCI President Zahid Latif Khan at a standing committee meeting held at chamber house yesterday.

Managing Director Pakistan Software Export Board (PSEP) Syed Ali Abbas Hasani, who was key speaker at the meeting appreciated RCCI role in promoting IT industry in the region.

He said in Pakistan the IT industry has great potential and urged Government to provide favorable environment in the country for the promotion of IT in different sectors including Banking, Medicine and manufacturing.

He said in recent years E-commerce has double its penetration in Pakistan and said this will further grow in coming days.

Earlier, President RCCI Zahid Latif Khan apprised the participants about the ongoing activities of the chamber.

He said that IT sector is growing exponentially in Pakistan. It contributes around more than $2.8 Billion in the country’s export in IT sector and with Governemnt support this can be enhanced to 5 billion dollar in next three years.

The RCCI chief also highlighted key initiatives of RCCI in promoting IT in the region including ICT awards and E-Health Conference.

He said e-commerce is the future mode of conducting business, and will provide an opportunity to small and medium enterprises (SMEs). Chairman Committee Raja Umer Iqbal also spoke on the occasion and said that twin cities have 40 percent share of the total business of ICT in the country as many multinational companies have established their offices there.

Vice President Khalid Farooq Qazi, members of the executive committee and a large number of IT companies’ representatives attended the meeting.