Prime Minister Shehbaz Sharif has expressed his excitement over Pakistan’s inclusion in the World Economic Forum (WEF) and the Digital Cooperation Organization’s (DCO) collaborative Digital Foreign Direct Investment (FDI) Initiative. In a recent post on his X handle, he celebrated this achievement as a key moment in Pakistan’s journey toward digital transformation. He reaffirmed the government’s strong dedication to building a robust digital investment ecosystem to drive digital prosperity across the nation.
Pakistan’s proactive role is evident as it was the first country to volunteer for the Digital FDI-Enabling Project in 2022. The initiative aims to create an environment conducive to digital investments, which aligns with Pakistan’s broader vision of economic growth and technological progress.
The WEF has recognized Pakistan’s substantial progress in the digital economy, highlighting that the country is the first to implement the Digital FDI Initiative. In 2024, Pakistan’s IT exports soared to $3.2 billion, marking an impressive 24% growth. Additionally, the government has established 18 Special Technology Zones offering tax benefits and other incentives to attract investments and encourage innovation. These steps underscore Pakistan’s commitment to strengthening its digital infrastructure and fostering a thriving environment for foreign investments, indicating a bright future for the nation’s digital economy.