iENGINEERING Receives PKR 7 Million Funding for Creating Jobs and Boosting Software Exports

by Sameeha Naseem

Islamabad, Pakistan – May 3, 2021

iENGINEERING announced today that it has received a growth grant amounting to PKR 7 million from USAID Small and Medium Enterprise Activity (SMEA) fund under their COVID-19 response on revitalization of SMEs. The grant aims to enable skill diversification through job creation for under-privileged and low-skilled human resources in Pakistan to scale up AI-Enabled services for the US market. The company has its offices in Islamabad and is training these low-skilled resources to be able to perform data processing services. The grant will allow iENGINEERING to create around thirty new jobs and train the low-skilled labor of Pakistan to support next-generation IT solutions.

The grant was awarded by USAID Pakistan under their SMEA initiative which is aimed at enabling local small and medium sized businesses to scale their businesses in order to create jobs, boost sales and increase exports. This grant was a part of SMEA’s efforts to help SMEs in selected sectors affected through the economic crises in the onset of COVID-19 pandemic.

The company’s CEO, Riaz Ahmad, proudly stated “The grant positions us to hire more resources and train the youth of Pakistan, when most of the companies in the market are laying off due to the pandemic. We have been in the industry for more than two decades and clearly see a huge market for this solution.” iENGINEERING was previously declared the “Winner” in the “Research and Development” category at P@SHA ICT Awards 2019, for this solution. Their research paper titled “Automated Real-Time Roadway Asset Inventory: Integrating Artificial Intelligence Research into Practice-Ready Solutions” got accepted and published in TRR 2020 (Transportation Research Record: Journal of the Transportation Research Board). The presentation for this research paper also got accepted for presentation by the Transportation Research Board for their January 2020 conference in Washington, DC.

About USAID Small and Medium Size Enterprise Activity (SMEA)

The USAID Small and Medium Enterprise Activity (SMEA) is helping Pakistani SMEs become more competitive by reforming policies and creating a stronger financial and operational framework for these enterprises to grow. The activity supports SMEs in the information and communications technology, light engineering, textile, hospitality, minerals, logistics and packaging, and leather sectors. These efforts will create jobs, cultivate entrepreneurship across the country, and reduce poverty.

About iENGINEERING (Private) Limited

iENGINEERING is a privately-owned firm that provides technology solutions to organizations across the globe. We specialize in the design, development, and implementation of custom built solutions. Our solutions allow organizations to stay in line with the latest trends in technology. They are designed with a customer-centric approach, tailored to our clients’ specific needs, and allow an extremely user-friendly experience. They are robust, reliable, scalable and customizable to an extent that allows the organizations to adapt quickly and transform their businesses conveniently. For more information, please visit iENGINEERING’s website at www.iengineering.com.pk.