Pakistan set to become the next major tech destination: PM Shehbaz

Prime Minister Shehbaz Sharif on Tuesday reaffirmed Pakistan’s commitment to becoming the next major tech destination in light of $700 million pledged in foreign investment in the IT sector at the Digital Foreign Direct Investment (DFDI) conference in Islamabad. Delegates from around 45 countries arrived in Islamabad to participate in the DFDI conference, the first-ever DFDI conference held in Pakistan. Over 75 foreign investors and CEOs of more than 50 global companies attended the event. The digital sector has long been recognised as a key segment for foreign direct investment (FDI), yet Pakistan has struggled to attract substantial digital FDI. Addressing the DFDI conference today, PM Shehbaz hailed investment in the IT sector, saying: “Pakistan is not waiting for the future but shaping it.”