Pakistan Seeks Tech Boom with $100 Million Export Deal

Pakistan Eyes Technology Boom with $100 Million Export Agreement

The investment was developed through the Government of Pakistan and OneTen Holdings, a venture capital firm based in the US, as the focus of the investment firm will be to improve the IT Investment landscape in Pakistan, assist entrepreneurs, and create new job opportunities for thousands of young technology workers.

According to Caretaker Federal Minister for IT and Telecom, Dr. Umar Saif, the investment will tap into Pakistan’s growing tech talent. He added that investments like these are critical to transforming Pakistan into an attractive software development and digital services hub.

According to Dr. Saif, this will lead to more foreign investors coming to Pakistan and openings for local companies to expand internationally. In particular the investment will improve training, support innovation and allow start-ups to grow.

The Ministry of IT and Telecom already has several initiatives in the pipeline (including measures to improve digital skills and enhance tech exports). The new funding should support this and stimulate even more growth.

With Pakistan’s tech exports already on the rise the $100 million agreement is very timely. Not only does the agreement reflect the global confidence in Pakistan’s digital future but represents a major step to building a more modern and diversified economy.