Islamabad: SAP SE, a German multinational software company, has announced it will set up a software house in the country to train new professionals and increase technology accessibility, news sources reported.
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According to SAP Country Managing Director Saquib Ahmad, the project’s goal is to recruit more talent and teach at least 5,000 students each year technology and software-related skills. He claims that expanding IT-related export products will considerably benefit the country’s economy. He said that the company has begun the process of obtaining formal No-objection Certificates (NOCs) and authorisation to establish a Software Development Center in Pakistan. He indicated that the corporation would not seek tax exemption and would continue to pay taxes in accordance with current government regulations. In this context, the administration has formally initiated talks with the government of Pakistan.
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It is worth noting that SAP is one of the largest enterprises in the field of data sciences, providing system applications and solutions to some of the world’s major corporations, like IBM, Dell, and others. Pakistan is attempting to increase software exports and has started a number of projects to that end. The development of a software house by SAP would be the largest push for the IT sector in Pakistan.