ISLAMABAD - Pakistan Telecommunication Authority (PTA) Chairman Dr Mohammed Yaseen has inaugurated Social Innovative Fund of Rs 20 million of the Pakistan Software Houses Association (P@SHA) for IT & ITES, says a press release. Inaugural ceremony of the event was held at PTA Headquarters which was attended by PTA Member (Technical) Dr Khawar Siddique Khokhar, Member Finance (acting), Shabbir Ahmed, Ms Jehan Ara, President of P@SHA, Badar Khushnood, Country Consultant for Google, MD PSEB Zia Imran and other senior officers of the Authority. During the address, Chairman PTA, Dr Mohammed Yaseen congratulated P@SHA team on the announcement of Social Innovation Fund. Chairman said that In modern theory, 'Diffusion of Innovations is a key path to spread new technologies for the development of modern societies. He said that in our society Information & Communication Technologies (ICTs) can have a positive impact on markets, thus driving innovation. He said that the future of ICTs are likely to evolve twofold in the shape of internet, where everyday objects can make online communication for dynamically exchanging resources, applications, services and knowledge.