KARACHI: Hexalyze, one of Pakistan’s leading IT exporters, made its first appearance at the prestigious Singapore Tech Week (STW) under the banner of “TechDestination Pakistan.” This debut highlights the company’s efforts to expand its reach into new international markets, particularly in the ASEAN region, with Singapore as the key gateway.
Pakistan’s IT Industry Expands in the ASEAN Region
Saad Shah, CEO of Hexalyze, emphasized that Pakistani IT companies are now actively targeting new markets beyond their traditional focus. “Our industry is concentrating heavily on the ASEAN region, using Singapore as a launchpad to boost export values and volumes at an accelerated pace,” Shah explained. He acknowledged that, historically, Pakistani IT firms had concentrated on the U.S. market. However, with the rise of technology in Southeast Asia, these companies are now increasing their presence in Singapore.
“Pakistani companies are setting up offices and participating in global tech events like STW to tap into Singapore’s vast market potential,” Shah noted. He believes that Pakistan’s growing expertise in various ICT fields will attract a strong number of clients and business orders in the coming years.
Hexalyze Expands Its Presence in Singapore
Hexalyze has already established an office in Singapore, solidifying its commitment to expanding in the ASEAN region. This expansion is in line with the company’s strategy to tap into emerging markets that offer immense growth potential for IT exports.
Support from Pakistan’s High Commissioner in Singapore
During the event, Her Excellency Ms. Rabia Shafiq, the High Commissioner of Pakistan in Singapore, visited the Hexalyze pavilion. She provided strong encouragement and support to the company’s efforts to promote Pakistan’s IT capabilities on a global platform. Ms. Shafiq praised the initiative of Pakistani companies in diversifying their international presence, reinforcing the importance of Singapore as a strategic hub for technological growth.
Singapore Tech Week: A Global Technology Event
Singapore Tech Week is recognized as one of the leading technology events worldwide, drawing over 500 international exhibitors. The event serves as a significant platform for companies to showcase their innovations, form partnerships, and explore new business opportunities. Singapore’s role as a global technology hub is crucial for tech firms looking to expand their international presence.
According to recent estimates, Singapore’s ICT market size stood at $47.88 billion in 2024 and is projected to reach $76.67 billion by 2029. As one of the global leaders in technology development, Singapore offers a prime destination for companies seeking to engage with cutting-edge tech and innovation.
P@SHA Highlights the Importance of Singapore for IT Exports
Muhammad Umair Nizam, Senior Vice Chairman of the Pakistan Software Houses Association (P@SHA), also underscored Singapore’s importance as a key market for Pakistani IT exports. “This is our first time participating in Singapore Tech Week, and we see incredible potential for collaboration and growth. Our goal is to have an even larger presence at future editions,” Nizam said.
He emphasized that Singapore’s strategic role as a global tech hub aligns with Pakistan’s ambition to become a leading IT exporter. As more Pakistani companies focus on expanding their global footprint, Singapore offers a pivotal platform for growth, collaboration, and networking in the tech industry.
Singapore: A Strategic Hub for Pakistan’s Tech Exports
Pakistan’s participation in Singapore Tech Week marks a critical step toward establishing the country as a major player in the global tech market. With strong support from industry leaders and government representatives, Pakistani IT companies are poised to enhance their global reach. The strategic expansion into Singapore and the broader ASEAN region is expected to drive significant growth in Pakistan’s tech exports, enabling the country to play a key role in the global technology ecosystem.
As Singapore continues to lead the charge in technological development, Pakistani companies like Hexalyze are well-positioned to take advantage of the opportunities that the region offers. This collaboration between the two countries promises to open new doors for innovation, partnerships, and economic growth in the years ahead.
