Umair Javed, Founder & CEO of Tkxel, is driven by the goal of making a positive impact, both individually and professionally. His motto is “Nurture young talent to its full potential and let economic prosperity unfold.”
Under his leadership, Tkxel has quickly become one of Pakistan’s fastest-growing IT companies, achieving 100% year-on-year growth in revenue and headcount, with a mission to revolutionize the IT landscape of Pakistan.
As an angel investor, Umair has a passion for structured experimentation and adaptability, investing in startups across various sectors, including gaming studios, Ed-tech, and e-commerce. Umair’s commitment to education extends to mentoring, teaching, and sharing his experiences.
In addition to his role as CEO, he is a captivating keynote speaker, igniting audiences with insightful discussions on technology and entrepreneurship. With a wealth of experience, his talks inspire innovation and empower the next generation of tech leaders. When not working, he enjoys spending time with his family and pursuing new hobbies, currently exploring horse riding and guitar.
What are your thoughts on the current state of the IT industry in Pakistan and its growth potential?
The IT industry in Pakistan is relatively new, but it has been growing rapidly in recent years. According to the Pakistan Software Export Board (PSEB), the industry has been growing at an annual rate of 18% and is expected to reach $7 billion by 2023.
In December 2022, Pakistan’s IT exports reached $246 million, highlighting the industry’s potential on a global scale. With over 200,000 IT professionals and more than 15,000 IT companies, we are well-prepared for significant expansion.
What challenges does Pakistan’s IT sector encounter, and how can they be overcome?
Challenges in Pakistan’s IT sector include skill gap and limited broadband infrastructure. The government is actively working to address these issues through investments in broadband expansion and initiatives to promote tech education. By doing so, we aim to overcome these challenges and unlock the full potential of the industry.
How is the Pakistani IT industry adapting to emerging technologies like AI, blockchain, and IoT?
Pakistan is fully embracing emerging technologies. As of my last update, more than 1,000 IT companies are involved in AI, blockchain, and IoT projects, positioning Pakistan as a strong player in the global tech field.
The Artificial Intelligence market in Pakistan is projected to reach US$658.10m in 2023.The market size is expected to show an annual growth rate (CAGR 2023-2030) of 22.30%, resulting in a market volume of US$2,693.00m by 2030.
How can the government foster the growth of the IT industry in Pakistan?
Government support is crucial for fostering the IT industry. The IT Policy 2019-2023 aims to offer incentives, including tax exemptions for IT exports. The government is simplifying regulatory processes and investing in digital infrastructure like the National Incubation Centers (NICs) and Software Technology Parks.
What opportunities do Pakistani IT professionals have in the global market?
As of my last update, Pakistani IT professionals had a substantial global presence. In 2020, Pakistan was ranked 4th in the world for freelancers, with approximately 2.2 million registered freelancers on platforms like Upwork and Freelancer. Pakistani professionals are in high demand for outsourcing, consulting, and freelancing due to their cost-effective services and high-quality work, giving them a competitive advantage.
How can Pakistan attract foreign investment and partnerships in the IT sector
Transparency, stability, and a business-friendly environment are key to attracting foreign investment. However, the government’s initiatives, such as the Special Technology Zones (STZs) Act offering tax incentives. Along with collaborations between local tech firms and global players, are essential to building trust and fostering investment.
What advice do you have for aspiring entrepreneurs and tech enthusiasts in Pakistan?
For aspiring entrepreneurs and tech enthusiasts, here’s some advice based on facts and experience. Moreover, the tech industry is highly competitive and ever-changing. To succeed, it’s crucial to keep learning, hone problem-solving skills, and build a strong network.
Find something you’re good at, dedicate your energy to excelling in that field and you’ll naturally evolve into a true professional. That will make you stand out from the crowd.
How Tkxel is playing a role in enabling startups?
Tkxel plays a pivotal role in helping startups grow. We invest in them to fuel their growth, provide them with the technological infrastructure they need. Also, offer the expert consultancy services to steer them in the right direction. Furthermore, Tkxel aim to nurture the next generation of industry leaders. Also we’re here to support them every step of the way.
Visit CxO Global FORUM or CxO News Live for all the latest updates.
