WEF Islamabad – Pakistan has become the first country to launch the Digital Foreign Direct Investment (FDI) initiative, a project of the World Economic Forum (WEF) in collaboration with the Digital Cooperation Organization (DCO) aimed at strengthening the digital infrastructure of the country and fostering its digital economy.
A Key Milestone for Pakistan’s Economy
Prime Minister Muhammad Shahbaz Sharif announced the launching of the first-ever Digital FDI Project of Pakistan, which he said would be one of prime importance for the economy of the country. He emphasized that this was targeting major sectors likely to attract foreign investment and thus making investments within the country more favorable.
This is a major step toward building a vibrant digital economy, which is critical for sustainable progress and prosperity, the Prime Minister said. He further said that the framework for digital FDI will focus on digital infrastructure, digitization, and the export of digital services, setting the stage for a future-driven economy.
WEF Commitment to Economic Growth
According to Prime Minister Sharif, this project is a hallmark of Pakistan’s commitment to innovation and technology-based economic growth. Under the digital countries schemes, Pakistan is trying to attract foreign investment in digital sectors so that Pakistan can be placed as a competitive player in the global digital economy. WEF
It has been called one of the most crucial steps toward modernizing the economic landscape of Pakistan as well as opening new avenues of growth in the digital age.
