Tuesday, September 21, 2010

IT & T sector attracts 2.253 billions US dollars in past two years

In the last two years, overall teledensity increased from 58.7 per cent to 63.5 per cent and a total Foreign Direct Investment (FDI) was recorded at 2.253 billion US dollars, reported the Daily Regional Times.
Despite inching towards a saturation stage, the telecom sector received 1.438 billion US dollars in the year 2008 and 815 million US dollars in 2009 as FDI, in different projects in the ministry and its attached departments. In addition, the total internet users of the country rose to 19 million and total direct and indirect jobs in the telecom sector increased to 1.36 million.
Telecom analysts around the world believe
Business Monitor International forecast that mobile subscribers in Pakistan would hit the 100-million mark by next year.
The Wall Street Journal reported last month that Facebook Chief Executive, Mark Zuckerberg, is in no rush to take the popular social-networking website public. The 25-year old CEO told the Journal in an interview that the company will eventually launch an initial public offering (IPO), but added, "we are definitely in no rush."
In November 2009, Facebook had announced a dual-class stock structure to ensure voting control by existing owners, but reiterated that it had no plans yet, to go public
Google opened an online shop for business software hosted as services in the internet, confirmed Yahoo! News. Google Apps Marketplace, launched last month, had offerings from more than 50 companies, including Intuit's online payroll program for small businesses. "Today, we're making it easier for these users and software providers to do business in the cloud with a
 new online store for integrated business applications," marketplace product manager, Chris Vander Mey, said in a posting on the Google website.

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