RCCI organizes first Fintech conference

RCCI organizes Fintech conference

Rawalpindi: The Rawalpindi Chamber of Commerce and Industry (RCCI) has
organized Financial Technology conference (FinTech) at a local hotel Rawalpindi.
The major purpose of this conference was to promote Information Technology (IT)
and to bring awareness among key stakeholders for its use in financial
management, lowering cost of production and enhancing innovation towards their
CEO FFC Lt. General ® Tariq Khan, who was chief guest on the occasion, in his
address said that financial management offering big challenges and adaptation of
modern information technology can help consumers in a big way. A joint effort is
required from the society and the government to evolve our key financial sectors,
banking, insurance and corporate sector into modern digital format. Technology is
growing very fast and we must ready to meet the future challenge of security under
financial management. He also appreciated RCCI role in promoting IT industry in
the region lauded for organizing Financial Technology Conference.
Earlier, President RCCI Zahid Latif Khan in his address said in Pakistan the IT
industry has great potential and urged Government to provide favorable
environment in the country for the promotion of IT in different sectors including e-
Banking, Medicine (telemedicine) and manufacturing (e-designing). He said in
recent years E-commerce has double its penetration in Pakistan and said this will
further grow in coming days
He said that IT sector is growing exponentially in Pakistan. It contributes around
more than $2.8 Billion in the country's export in IT sector and with Governemnt
support this can be enhanced to 5 billion dollar in next three years. The RCCI chief
also highlighted key initiatives of RCCI in promoting IT in the region
including ICT awards and E-Health Conference.
With the increase of internet penetration in Pakistan, the IT sector offered huge
potential for local companies to join hands with multinational companies, he
added. He said e-commerce is the future mode of conducting business, and will
provide an opportunity to small and medium enterprises (SMEs). Chairman
Committee Raja Umer Iqbal also spoke on the occasion and said that twin cities

have 40 percent share of the total business of ICT in the country as many
multinational companies have established their offices there.
Representatives from Securities Exchange Commission (SECP), State Bank of
Pakistan (SBP) and Pakistan Software Export Board (PSEP) also discussed the key
initiatives for improving users experience in financial services with incorporation
of information technology.
Senior Vice President Nasir Mirza, Vice President Khalid Farooq Qazi,former
presidents, members of the executive committee and a large number of IT
companies’ representatives attended the conference.