Kraysis is coming up with some nice business solutions like charging on an hourly basis – a relatively new concept in Pakistan.

Are you kidding me? Charging per hour is “innovation”?! The entire service industry is based on per Man-Hour budgeting, that’s how every outsourcing site (oDesk, eLance etc) measures work, that’s how vendors (Ericsson, NSN erc) charge operators, that’s how the whole world goes around. How on earth could you miss that while writing about technology?

…you have a small IT Firm who does QA on a sporadic basis, that is QA can only start once the product is finished…

That’s just a really bad development model. QA has to be part of your ongoing development cycle and not an after-thought added at the end “once the product is finished”. If the product is actually “finished”, then just why the hell are you still doing QA on it–still “working” on it? This mentality just shows no understanding of software engineering processes, and it is a recipe for disaster: “Oh the software is completed, we’re just starting to test it”, what happens after that is a typical failed project.