Prime Minister Shehbaz Sharif has welcomed a Chinese technology company's plan to establish a digital economy hub in Pakistan, according to a statement from the Prime Minister's Office on Thursday.
During a meeting with a delegation of the Chinese firm, the prime minister expressed his appreciation for the company's interest in investing in Pakistan's digital sector. He assured the delegation of full government support and facilitation for the project.
The proposed hub is expected to create thousands of jobs, promote innovation, and enhance Pakistan's digital infrastructure. The Chinese firm, a global leader in digital services, aims to leverage Pakistan's young population and growing internet penetration.
Boosting Bilateral Ties
The prime minister highlighted the strong bilateral relations between Pakistan and China, emphasizing that such investments would further strengthen economic cooperation. He noted that the digital economy hub aligns with Pakistan's Vision 2025 and Digital Pakistan initiative.
Job Creation and Skills Development
The project is anticipated to generate direct employment for over 10,000 professionals in the first phase, with potential for indirect job creation in related sectors. The hub will also focus on skills development, offering training programs in artificial intelligence, cloud computing, and cybersecurity.
The Chinese firm's representatives expressed their commitment to the project, citing Pakistan's favorable investment policies and strategic location. They stated that the hub would serve as a regional center for digital services, catering to markets in South Asia, Central Asia, and the Middle East.
Officials from the Ministry of Information Technology and the Board of Investment were also present during the meeting, assuring the delegation of necessary regulatory approvals and incentives.
The announcement comes as Pakistan seeks to attract foreign direct investment in its technology sector, which has seen significant growth in recent years. The digital economy hub is expected to be operational within two years, subject to final agreements.
