investment ecosystem Prime Minister Shehbaz Sharif has expressed his enthusiasm for Pakistan’s inclusion in the World Economic Forum (WEF) and the Digital Cooperation Organization’s joint Digital Foreign Direct Investment (FDI) Initiative, marking a significant step in the country’s digital transformation journey.
Digital Transformation at the Forefront
In a post shared on his official X handle, Prime Minister Shehbaz Sharif emphasized that Pakistan is reaching new heights as it embraces the digital revolution. He highlighted the importance of digital transformation as a key driver for the nation’s future growth and prosperity.
Commitment to Digital Investment Ecosystem
The Prime Minister reaffirmed his government’s unwavering commitment to developing a robust digital investment ecosystem in Pakistan. This initiative aims to create an environment that fosters innovation, attracts global investment, and ensures sustainable economic growth in the digital age.
Pakistan’s Leadership in Digital FDI Initiative
Pakistan became the first country to volunteer for the Digital Foreign Direct Investment (FDI) Initiative, marking a major milestone in the country’s digital journey. This initiative, which began in 2022, focuses on fostering digital investments and streamlining efforts to enhance Pakistan’s digital infrastructure and capabilities.
Targeted Actions for Growth
The WEF’s report on the Digital FDI-Enabling Project (DEP) outlined a series of targeted actions taken by the DEP team. These actions are tailored to Pakistan’s specific socioeconomic conditions, regulatory framework, and the evolving digital landscape. The steps are designed to accelerate growth in digital sectors, improve connectivity, and enhance Pakistan’s global competitiveness in the digital economy.
Pakistan’s participation in this initiative is a significant move towards building a future-ready economy, equipped with cutting-edge digital solutions and ready to thrive in an increasingly interconnected world. investment ecosystem
