President Dr. Arif Alvi has urged IT businesses to invest in Pakistan, claiming that the country has enough tech expertise and that its economy is improving. He said that Pakistan provided enormous investment prospects in the domains of IT and digitalization, and that foreign corporations should take advantage of the country’s business-friendly atmosphere.
The President delivered these remarks today at Aiwan-e-Sadr during a video conference with Singapore-based technology entrepreneurs. Mr. Amer Hashmi, Chairman of the Special Technology Zones Authority (STZA), Mr. Jeff Chef of the Advance Intelligence Group, Mr. Zaki Sumar, and Mr. Umair Javed all participated in the meeting via video link. The gathering was informed that there were several chances for tech businesses to operate in Pakistan in the fields of app development, artificial intelligence-based digital identification solutions, digital payments, e-commerce, and digital remittance platforms. It was also mentioned that Pakistan’s IT talent was a huge draw for the international market.
While emphasising the necessity of embracing technology-based solutions, the President stated that enterprises must utilise emerging technologies, particularly Artificial Intelligence and Big Data solutions, in order to take advantage of Pakistan’s commercial potential. He went on to say that the government was focused on digitization, data integration, and cyber security, as well as assisting foreign investors through one-stop shops. The President also praised the government’s commitment to facilitating and supporting foreign investment in the technology sector through the creation of Special Technology Zones and improvements to the country’s Ease of Doing Business.