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.
Two people were confirmed dead and five missing in Gapyeong, South Korea, on Sunday, after heavy rain triggered landslides and flooding, raising the c...
U.S. President Donald Trump may meet Chinese leader Xi Jinping in South Korea or China this autumn, with talks expected around the late October APEC s...
The city of Sweida in southern Syria saw a return to relative calm following days of clashes, as Bedouin fighters withdrew and international mediation...
President Donald Trump announced on Sunday that he would intervene to assist Afghans who have been detained in the United Arab Emirates for years afte...
The Pakistan Air Force won two major awards at the Royal International Air Tattoo 2025 in Britain, officials confirmed Saturday.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 18th July, covering the latest developments you need to know.
The death toll in Pakistan's Punjab province is now at 159 after 63 more people died from heavy monsoon rains and at least 300 are injured in, according to authorities on Thursday.
U.S. President Donald Trump is reportedly planning a visit to Pakistan in September, according to two local television channels citing sources familiar with the matter.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Netflix has used generative artificial intelligence to produce a visual effects scene in an original series for the first time, marking a new step for the streaming platform.
Elon Musk’s xAI chatbot Grok has come under global scrutiny after users reported it using offensive language. It prompted warnings from experts that human intervention in its responses proves the need for a global AI ethical framework.
Major American corporations unveiled over $90 billion in new investments focused on AI and energy during the Energy and Innovation Summit at Carnegie Mellon University on Tuesday. The announcements come as President Donald Trump pushes to cement U.S. leadership in the booming tech and energy sectors
Nvidia has received approval from the U.S. government to sell its advanced H20 AI chips to China, CEO Jensen Huang announced.
Apple and mining company MP Materials announced a joint $500 million investment to develop a rare earth magnet recycling facility, with plans to bolster U.S.-based production and reduce reliance on China.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment