Islamabad, Jan 19 (IANS) Pakistani Prime Minister Shehbaz Sharif has pledged to foster a robust digital investment ecosystem, aligning with a global initiative aimed at driving digital foreign direct investment (FDI) into the country.
The prime minister issued a statement on Saturday and highlighted Pakistan’s strides in digital transformation, which he said are expanding revenues, increasing workforce and boosting exports, Xinhua news agency reported.
“We reaffirm our unwavering commitment to cultivating a thriving digital investment ecosystem, paving the way for digital prosperity for all,” he said.
The World Economic Forum and the Digital Cooperation Organization launched the Digital Foreign Direct Investment Initiative in 2022 in Davos, Switzerland, to enhance cross-border digital investment, particularly in emerging markets.
“Pakistan’s Digital FDI-Enabling project is pioneering efforts to foster digital growth through targeted actions”, said a report by the forum on Friday, adding that the project is structured around four pillars, including digital infrastructure, digital adoption, new digital activities and digital services exports.
The forum outlined targeted actions taken by Pakistan in critical areas for growth, carefully tailored to Pakistan’s socioeconomic conditions, regulatory framework and evolving digital landscape.
Last year, Pakistan’s State Minister for Information Technology (IT) Shaza Fatima Khawaja said the South Asian country planned to establish a National Digital Commission to ensure the digitisation of its economy and governance.
The commission will not only improve governance and tax collection efficiency, but it will also make the inter-ministerial coordination smooth, according to Khawaja.
Pakistan, faced with an economic meltdown in recent years, has made rigorous efforts to introduce structural reforms to revive its $350 billion economy.
Khawaja said paperless governance was “vital” to speed up government operations and the commission would help remove procedural bottlenecks.
Pakistan is part of the 16-member DCO, the world’s first standalone international intergovernmental organisation, which focuses on the acceleration of growth of an inclusive and sustainable digital economy.
Other members of the multilateral organization, founded in November 2020, include Bahrain, Bangladesh, Cyprus, Djibouti, Gambia, Ghana, the Hellenic Republic (Greece), Jordan, Kuwait, Morocco, Nigeria, Oman, Pakistan, Qatar, Rwanda and Saudi Arabia, collectively representing nearly $3.5 trillion in GDP and a market of nearly 800 million people, more than 70 per cent of whom are under the age of 35.
–IANS
int/dan
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
