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Business

Pakistan will turn into 'Technological Superpower' in 10 years, says Fawad

  • “In the next phase, Health City is being set up on 200 acres of land in Faisalabad and Science and Technology Special Economic Zones will be built in Lahore, Karachi, and Islamabad," says Fawad.
11 Jul 2020

Federal Minister for Science and Technology, Chaudhry Fawad Hussain has said that his government wants to turn Pakistan into a ‘technology superpower’ in 10 years.

In a series of tweets on Saturday, the federal minister said that under the vision of Prime Minister Imran Khan, the projects of ‘Made in Pakistan’ were adopted by his ministry. “If the projects were not adopted, stuff ranging from sanitizer to masks would either not be found in Pakistan or would have been sold in black markets.”

The minister said that today the country is not only meeting its own requirements but is also minting millions through the exports of these products.

“In the next phase, Health City is being set up on 200 acres of land in Faisalabad and Science and Technology Special Economic Zones will be built in Lahore, Karachi, and Islamabad. In these zones, the technology industry and business will get special incentives.”

“Our real goal is to make Pakistan a technology superpower in 10 years,” he said.

Fawad also called upon other multinationals of other countries to invest in Pakistan, offering them tax benefits and location incentives.

“I call upon multinationals of USA, China, Russia, Korea, Japan, and EU to join hands with us rest assure Pakistan will ensure the most competitive environment and most relaxed tax structure for tech business our doors are open,” announced Chaudhry.