Pakistan Secures $700 Million in New IT Investment Pledges, Says PM

Pakistan has secured approximately $700 million in new foreign investment commitments for its information technology sector, Prime Minister Shehbaz Sharif announced on Tuesday during the Digital Foreign Direct Investment (DFDI-2025) conference. The premier said Pakistan was ready to shape the digital future and noted that 60 percent of the population is young, skilled in emerging technologies such as artificial intelligence, and actively contributing to economic growth. In March alone, overseas Pakistanis sent $4.1 billion in remittances, underscoring the digital sector’s potential impact. He acknowledged the ongoing collaboration with Chinese firm Huawei, which is currently training 200,000 students annually in technology. The prime minister also encouraged participation from investors in North America and other regions. The premier especially appreciated a Pakistani entrepreneur and a Russian counterpart who have pledged a combined $500 million investment in Pakistan’s economy. The government has also committed to offering comprehensive facilities to all foreign and local IT investors. The prime minister reaffirmed his commitment to building a digital economy capable of transforming sectors such as agriculture and exports. Speaking at the conference, Secretary-General of the Digital Cooperation Organization Deemah AlYahya commended Pakistan’s digital efforts and how its 142 million broadband users and 65 percent smartphone penetration had become strong indicators of momentum.