Where does the Software Industry of Pakistan stand during this current financial crisis? Your thoughts?

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Every one knows that world is suffering from financial crisis these days and it seems that this situation will continue for more time. Keeping past is consideration, we can say that IT/Software Industry always take effect of such things very badly. We know what happened after 9/11 specially in Pakistan. That time I was working in a software house as VB6 developer. This also effected our company and lot of us included me were terminated. So the question is that is Pakistan SW  industry capable enough to tolerate this new fear?…………….I think Yes to some extend as now our industry has established itself. Most of the software houses here have projects which are required to run the business of a client like NetSol has leasing softwares, i2c has banking related softwares etc etc. So I think we can servive this situation infact curretnly serviving. No doubt it will have some impact on our industry but hopefully won’t damage us much…………………………..What you guys think? please share your thoughts….

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17 Comments

  • Green n White’s quality is going down. Someone save this site!

  • The recession is blessing in disguise for the local IT industry, even though it spells disaster for most businesses. It will expose fundamental, structural weaknesses in the setup leading to major realization, and hopefully major rethink. This is needed. The few who are brave will embrace the new reality and make the required changes to become more competitive, globally. Others will simply fail. Which is fine. In times of recession only those who deserve success, get success – it becomes easy to filter the good from the bad. An ideal time for self-analysis. The economic tsunami will leave behind a set of truths on which to build the future of the IT industry. These truths will be invaluable. To sum it up – I’m optimistic :)

  • Suggestion: User posts – if this was one – should be accessible from a “Community” section/forum. The GnW main page should only display posts from authorized/official contributors to sustain quality and maintain credibility.

  • I can’t understand why Mahmood consider this thread as poor quality. I think it is an important topic. Will comment on this thread soon……..

  • Jaywalker – its your site now. Why’re you letting the quality go down? Step up and take charge, fix the issues.

  • Haha. I didn’t know the new user-generated initiative was already underway! This should be fun! So how do I post?

    Regarding this post – I didn’t say anything about it being poor. Kami has a valid concern and he has the opportunity at GnW to pose the question to the community. I’m simply suggesting the possibility of creating a Q&A forum where people can share questions or concerns with the rest of the community. The main platform could be a place for opinion-pieces… or something along those lines… simply to make the new “user-generated” GnW as reader-friendly as it can be.

    In short – I’m not really saying anything! :)

  • Mahmood, just register at http://greenwhite.org/wp-register.php and go from there… login and start posting.

    You have a good idea with the QA forum – but its a matter of putting it together and in this case we’ll need everyone to pitch in in all places. Would you know anyone willing to put the code together to make that happen?

  • Can’t think of anyone at the moment, but will float the idea nonetheless and if I find anyone interested, I’ll connect them with you.

  • Well tell u the truth … there is no such financial crises for NetSol .(i worked in netsol) … the reason Netsol is safe is bcoz of china .. we have alot of projects of china . yes netsol has suffered a little because we didnt get as many projects that we were hopping …
    clients of other regions are waiting for current crises to end . inshallah netsol will be in full business near dec this year :)

    any body want to share ?

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  • Hi,

    Sorry i cud nt continue to my thread as i was on long annual leaves and just got back. “Unkown” y u r talkig only abt NetSol? look at the other companies as well. I know lot of ppl have left Netsol in first half of 2009 bcos of no increments. If its nt the crises then wats that? Go and visit the job portals like rozee.pk where u wud find that SW companies are hiring less experianced resources (1-3 yrs exp) bcos:
    1. They want to pay less/invest less
    2. They dont have much work/projects

    So i think v r suffering but really i have observed some stability in IT industry during last couple of months but you cant say it as a recovery or boost again…..

    Like to know the comments of other guys on this topic.

  • Man! in this country does not matter you have money or not as employer always has upper edge. If employer dont want to pay u then he wont as we ppl dont take action on this. Dont u ppl know the case of INNOV8 in Lahore? Those poor guys who left them or fired by INNOV8 have still not received a single penie yet. Those who filed the case are waiting for court verdict due to the old and slow judicial system of Pakistan. They made lives of their employees miserable by denying their hard earned money and still they are running their business with same name at some different location (Kot Lakhpat area). According to my information INNOV8 got crores as loan and advance of some projects at the end of last year but did not pay a single penie to poor guys. So now where is the fincial factor u r talking abt? The main thing is to change the mindset of businessmen here to run their business in fair way……

  • Yes you r right Maqsood and thats the reason that most of the talent individuals tries to go abroad for bright future. SO such companies liek INOV8 should change their mind sets else these should b penalized like legal action or bycot not only from employees but also frm the companies working with them

  • News is that again INNOV8 has started delaying salaries. They paid the salary of July 2009 at around 20th August and September salaries are still nt paid till Date. Poor employees.

  • what the hell is this?? why dont they close the company if they dont have the money to pay salaries? i think Inov8 should be banned and IT professionals should bycot this company coz they hav already disturbed many families in a country where there is no justice for the general public.
    SHAME ON INOV8 MANAGEMENT!!!!!

  • First of all shame on innov8 for such a bad things they are doing. Secondly Yes current financial crisis is effecting our IT Industry. These days companies are downsizing are employees are not getting reasonable salary increments and i am also effected by this. So truely and surely it is effecting us.

  • Latest updates from innov8: Salaries of October are still not paid to employees. what they are doing?

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