European Software Giant Plans to Expand Operations in Pakistan

Relational, a European-based leading business software provider, is planning to expand its operation to Pakistan. In this regard, the software giant signed a partnership with Dellsons Associates aimed at introducing Relational’s innovative business software solutions in Pakistan’s financial sector. Through this partnership, Dellsons Associates will leverage its extensive network and market expertise in Pakistan to introduce Relational’s cutting-edge fintech products and services to commercial banks and the financial sector across the country. The President and CEO of Relational, John Papaevgeniou, stated: “Pakistan is an emerging economy with an evolving financial sector. Dellsons’ deep knowledge of the Pakistani market and its commitment to fostering innovation align perfectly with our mission to provide state-of-the-art interrelated business software solutions worldwide. Together, we look forward to making an impact by empowering businesses in Pakistan with the advanced technology they need to thrive.” According to the State Bank of Pakistan (SBP), Pakistan received foreign direct investment of $17 million during the period of July to October in the current financial year as compared to $14 million recorded in the similar period of the last year, showing modest growth. Partnering with Relational allows us to bring world-class fintech solutions to the Pakistani market, supporting our goal of advancing the local economy through technology-driven solutions. This collaboration will pave the way for both companies to reach new heights, and we are excited to work with Relational to achieve shared success, Chairman Dellsons Group Ibrahim Amin said. Pakistan’s financial sector is growing rapidly with the number of players, including 33 commercial banks, 12 microfinance banks, and more than 40 fintech operators.