Overview: Prime Minister Shehbaz Sharif announced a significant $700 million Digital Foreign Direct Investment (DFDI) commitment, aiming to harness the potential of Pakistan’s youth and establish the country as a prominent player in the global digital economy.
Key Points:
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DFDI Commitment and Vision:
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A $700 million DFDI pledge was made to boost Pakistan’s digital infrastructure and capabilities.
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PM Shehbaz Sharif emphasized that Pakistan aims to become a regional leader in IT and AI.
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He encouraged global investors to leverage Pakistan’s skilled youth and evolving tech landscape.
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Youth Empowerment and Skills Development:
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The government is prioritizing investment in IT parks, startup incubation centers, and digital training initiatives.
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A new partnership with Huawei will provide digital skills training to 200,000 Pakistani youth annually.
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Economic Indicators:
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Remittances hit a record $4.1 billion in March, indicating strong economic engagement from overseas Pakistanis.
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Sectoral Growth Highlights (Presented by IT Minister Shaza Fatima Khawaja):
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IT exports increased by 25% in the first nine months of the current fiscal year.
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A comprehensive national AI policy is under development.
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Digital public infrastructure is advancing to promote a cashless and inclusive economy.
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Local mobile manufacturing grew by 48%, with over 31 million devices produced annually.
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Digital Governance and Strategy:
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The government’s digital-first policies have accelerated public sector digitization.
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The long-term vision focuses on building a “digital economy, digital governance, and digital society.”
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The $700 million DFDI announcement marks a pivotal moment in Pakistan’s digital transformation journey. With strong backing from international partners and a growing pool of digital talent, the country is positioning itself as a rising tech hub. The government’s focus on innovation, skills development, and infrastructure aims to foster sustainable growth and global competitiveness in the digital era.
