Pakistan is positioning itself as a major tech hub, with Prime Minister Shehbaz Sharif announcing a $700 million IT investment and urging global investors to capitalize on the country's digital growth.
Prime Minister Shehbaz Sharif on Tuesday reaffirmed Pakistan’s goal of becoming a global leader in technology, as he announced that the country is ready to leverage its digital infrastructure and vast talent pool to attract international investment. Speaking at the inaugural Digital Foreign Direct Investment (DFDI) conference in Islamabad, Sharif invited global investors to explore the growing opportunities in Pakistan’s IT sector.
The DFDI conference, the first of its kind in Pakistan, saw the participation of delegates from 45 countries and more than 75 foreign investors, including CEOs of over 50 global companies. Sharif highlighted the government's efforts in creating an enabling environment for IT investment, citing the establishment of IT parks, incubation centers, and a research and development ecosystem across federal and provincial levels.
“We are not just waiting for the future, we are shaping it,” said Sharif, emphasizing the country’s readiness to lead the global digital economy.
With over 60% of Pakistan’s population under 30, Sharif stressed that the country's youth are its most valuable asset. To further enhance skills, Huawei has partnered with the government to train 200,000 young Pakistanis in digital skills through a joint development program.
“Pakistan’s youth – over 100 million strong – is our greatest digital asset,” said Shaza Fatima Khawaja, Minister of IT and Telecommunication, who also spoke at the conference. “Under the prime minister’s supervision, we have trained over 300,000 young professionals this year alone.”
Pakistan’s IT exports are on track to surpass $4 billion this year, marking a significant milestone in the country’s digital transformation. With the country’s expanding broadband network, 65% smartphone penetration, and increasing foreign remittances, Sharif believes the digital economy is poised for rapid growth.
“We’re not just building a digital economy; we’re creating a digital Pakistan,” the prime minister said, inviting global investors to join the country's journey toward a tech-driven future.
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