- Advertisement -
ISLAMABAD, Apr 29 (APP):Minister for Information Technology and Telecommunication, Shaza Fatima Khawaja, said on Tuesday that Pakistan is quickly becoming a global center for technology and innovation.
Addressing first Digital Foreign Direct Investment (DFDI-2025) Forum, she said the country offers a clear, business-friendly path for investors interested in its growing IT sector.
She highlighted that the government has established Special Technology Zones across Pakistan, which offer attractive incentives for both local and international investors. “These zones provide special benefits to anyone willing to invest in Pakistan’s tech industry,” she said.
The minister shared that the Pakistan Software Export Board (PSEB) has set up 25 software technology parks across the country. These parks offer subsidised office space and internet services to promote business growth.
She also mentioned that the Ignite R&D Fund has supported over 1,900 startups, helping to increase venture capital investments in Pakistan.
The minister said that IT exports have witnessed a 25% increase over the past nine months, reflecting the success of the government’s prudent policies. She added that Pakistan is focusing on promoting cashless transactions, which will help usher in an economic revolution.
She said that 25,200 kilometers of fiber optic cable were installed across 800 villages, connecting over one million people to high-speed internet through the Universal Service Fund.
She further announced that Pakistan is preparing for one of its biggest spectrum auctions, where more than 500 megahertz of spectrum will be made available for expanding 4G and 5G services.
Speaking about youth development, she said laptops have been distributed based on merit to give young people better digital access and skills.
She added that Pakistan is boosting its IT exports by improving the ecosystem through skilled professionals, better digital infrastructure, and simplified business processes. “Last year, Pakistan was named the most cost-effective and competitive country for IT services in the world,” she said.
“With confidence, we can now say that investors have a clear path forward in Pakistan,” she said. She credited Prime Minister Shehbaz Sharif’s leadership for helping position Pakistan as a future global tech destination.
Fernando Morillo representing Mashreq Bank announced that the bank had received approval from the State Bank of Pakistan to begin pilot operations.
He said Mashreq has already invested $34 million in its digital banking operations in Pakistan since 2023 and plans to invest another $30 million in 2025, bringing their total to $100 million.
Sajjad Mustafa Syed, Chairman of the Pakistan Software Houses Association (P@SHA), shared that the association had secured over $600 million in recent investments. He said partners like Psy Capital had committed $100 million this year alone, helping Pakistan compete on a global level.
Deemah AlYahya, Secretary-General of the Digital Cooperation Organization, called the moment historic. “This is where ambition, innovation, and opportunity come together,” she said. She said Pakistan’s 142 million broadband users and 65% smartphone penetration, with IT exports expected to surpass $4 billion.
She praised Pakistan’s role in the digital world. “Pakistan isn’t waiting for the future—it’s creating it,” she said.
“Digital transformation is not just a trend; it is reshaping economies and redefining national strength,” she added. “This forum proves that Pakistan is ready to lead the global digital economy.”
She also said over 1,000 investors, innovators, and policymakers had gathered for the event, marking the beginning of a new era of opportunity and transformation.
Digital technologies are expected to add $10 to $11 trillion to the global economy by 2030. However, she stressed that beyond numbers, what matters most is leadership, vision, and the commitment to a connected future.