CPEC has boosted Pakistani economy: President Alvi

Islamabad: President Dr. Arif Alvi has urged tech companies to invest in Pakistan as it possessed adequate tech talent and its economy was becoming more conducive to foreign investment due to the China-Pakistan Economic Corridor (CPEC).

He maintained that Pakistan offered huge investment opportunities in the fields of Information Technology and Digitalization, and international companies needed to benefit from the business-friendly climate of the country.

The President made these remarks during a meeting via video-link with technology entrepreneurs based in Singapore, here.

The meeting was attended by Amer Hashmi, Chairman of the Special Technology Zones Authority (STZA), Jeff Chef from the Advance Intelligence Group, Zaki Sumar, and Umair Javed via video link. The meeting was informed that there existed enormous opportunities in Pakistan for tech companies to work in the areas of App Development, AI-based digital identity solutions, digital payments, e-commerce, and digital remittance platforms.

It was also highlighted that Pakistan’s tech talent was a great source of attraction for the global market. While underling the importance of adopting technology-based solutions, the President said that businesses needed to use emerging technologies, especially Artificial Intelligence and Big Data solutions to benefit from business opportunities in Pakistan. The government was focusing on digitalization, data integration, and cyber security and facilitating foreign investors through one window facilities, he added.

The President also lauded the government’s commitment to facilitate and support foreign investment in the technology sector by establishing Special Technology Zones and improving the Ease of Doing Business in the country.

He said CPEC Special Economic Zones (SEZs) also offered great investment opportunities to the local and foreign investors.