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Print

Govt struggling to attract FDI to Pakistan

  • The current government intends to increase the IT exports of Pakistan from USD 1.5 billion to USD 15 billion in the coming year
Updated 07 May, 2022

ISLAMABAD: Prime Minister Shehbaz Sharif has stated that Pakistan offers huge opportunities for investments in technology sector. He said this while meeting with Yi Xiang, President of Middle East & Africa Region of Huawei.

The prime minister said that foreign tech companies would be facilitated in all respects with regards to investment and expansion. The current government intends to increase the IT exports of Pakistan from USD 1.5 billion to USD 15 billion in the coming year and for that close collaboration with Huawei will result in the provision of training to the youth of Pakistan through various mean including setting up a university.

He emphasized that investments in the tech sector would increase employment and skills enhancement of Pakistani youth, especially women as the government is focused to increase the number of women in the e-commerce sector by providing them the suitable environment to get themselves trained and raise capital.

UAE team due today: PM highlights criticality of FDI

He also emphasized the need to expedite the process of strategizing the collaborative efforts within a week and highlighted the government’s willingness to not leave any stone unturned to achieve the said objectives.

The PM expressed satisfaction over Huawei’s long association with Pakistan and investments in the telecom sector.

VP Huawei Yi Xiang while thanking the prime minister expressed interest to expand Huawei’s footprint in Pakistan.

Minister for Interior Rana Sanaullah, Charge d’Affairs China Embassy Pang Chunxue were also present during the meeting.

Copyright Business Recorder, 2022

Comments

1000 characters
zh May 07, 2022 06:17am
Who in their right mind would invest in Pakistan when even a prime minister of the country prefers England to Pakistan for the investment of his looted funds.
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Dr Zahoor ul Hassan May 07, 2022 10:23am
In rigt directions
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Syed Zulfiqar Ali May 07, 2022 12:52pm
Appreciable, but there are not only IT sector viable but other short to long term FDI in foods and health sector as well.
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MALIK DAOUD KHAN May 07, 2022 02:21pm
The government to increase IT exports from $1.5B to $15 in the coming year. 1000% increase. How can you print such stories, is this a credible news organisation.
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