Pakistan will host the first-ever Digital FDI Summit in Islamabad in April this year. With the summit, the country aims to pump up foreign direct investment by promoting a climate that is digitally friendly and increases the investor’s interest and activity in the country.
Pakistan has also become the first country to adopt the joint Digital Foreign Direct Investment Initiative by World Economic Forum (WEF) and the Digital Cooperation Organization.
The program is based on four pillars adopted from its Digital FDI framework, digital infrastructure, digital adoption, new digital activities, and digital services exports. These areas target growth considered a prerequisite for bringing in digital FDI in Pakistan.
Pakistan desperately needs foreign investment in a bid to shore up its $350 billion economy.
Read more: Air Karachi seeks license to launch domestic operations
“Pakistan will host the first-ever Digital FDI Summit in Islamabad on April 29-30, 2025,” the press information department said in a statement after IT Minister Shaza Fatima Khawaja addressed the Digital Cooperation Organization General Assembly in Amman, Jordan.
Shaza Fatima Khwaja has also extended a formal invitation to international stakeholders, urging them to participate in the “landmark event” and collaborate on shaping the future of digital investment.
“This event will bring together global investors, policymakers, and technology leaders to explore Pakistan’s growing digital economy and investment opportunities.”
“She also emphasized Pakistan’s commitment to digital transformation, positioning the country as a premier destination for foreign direct investment in the tech sector,” the statement from the press information department released this week read.
The digital FDI initiative is set to launch in April 2025, will begin in Pakistan and expanded globally to help countries develop policy frameworks and investment strategies for the digital economy.
Pakistan has seen 27 percent annual growth in the tech sector and recently introduced the Digital Nation Pakistan Act.
“Khawaja underscored the government’s commitment to creating a digital-first economy, with Prime Minister Shahbaz Sharif personally leading the National Digital Commission to drive the initiative forward,” the statement added.
“A key component of this transformation is the development of Pakistan Stack, a national digital infrastructure aimed at establishing digital identities, streamlining governance, and fostering a secure, inclusive, and innovative digital ecosystem.”