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.
Hurricane Melissa tore across the northern Caribbean on Wednesday, devastating Jamaica, battering Cuba’s east, and flooding parts of Haiti, where at...
New Zealand announced on Thursday that it would broaden sanctions against Russia’s oil sector and its so-called shadow fleet, during a meeting with ...
Indonesian authorities are investigating food poisoning cases involving nearly 700 children in Yogyakarta province this week, after students ate meals...
Britain said on Wednesday it had agreed to a deal with Vietnam to curb illegal migration in what it described as the strongest Hanoi had ever agreed w...
U.S. President Donald Trump on Thursday ordered the U.S. military to immediately resume testing nuclear weapons for the first time in 33 years, minute...
Pakistan's defence minister has warned of military action against the Afghan Taliban after peace talks in Istanbul broke down, raising fears of a broader regional conflict.
Talks between Afghanistan and Pakistan in Istanbul to broker a long-term truce have ended without a resolution, two sources familiar with the matter said on Tuesday, a blow for peace in the region after deadly clashes this month.
Diplomatic sources in Istanbul indicate that negotiators from Afghanistan and Pakistan have reached an agreement on the most significant issues, with the remaining points expected to be finalised before the conclusion of the talks late Monday.
The Pakistan army said on Saturday that it stopped a major terrorist attack near the Afghan border, killing three militants in an operation in North Waziristan, Khyber Pakhtunkhwa province.
A small, silent object from another star is cutting through the Solar System. It’s real, not a film, and one scientist thinks it might be sending a message.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
A small, silent object from another star is cutting through the Solar System. It’s real, not a film, and one scientist thinks it might be sending a message.
A 13-year-old boy in central Florida has been arrested after typing a violent question into ChatGPT during class, prompting an emergency police response when school monitoring software flagged the message in real time.
Nokia chief executive Justin Hotard said artificial intelligence is fuelling a structural growth cycle similar to the internet expansion of the 1990s, but rejected fears that investor enthusiasm has reached unsustainable levels.
NASA has announced that it will reopen bidding for its flagship U.S. moon landing contract, citing mounting delays in Elon Musk’s SpaceX Starship lunar lander project.
China has accused the United States of stealing sensitive data and infiltrating its National Time Service Centre, warning that such breaches could have disrupted communications, financial systems, power supplies, and the international standard time network.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment