Pakistan Secures $700 Million in Foreign Investment for IT Sector Growth

Pakistan has secured approximately $700 million in new foreign investment for its IT sector, Prime Minister Shehbaz Sharif revealed during the Digital Foreign Direct Investment (DFDI-2025) conference held on Tuesday.

Addressing the conference, the premier emphasized that Pakistan was ready to lead the digital future, pointing out that 60 percent of the population is young, skilled in emerging technologies like artificial intelligence, and significantly contributing to the nation’s economic progress.

He highlighted that in March alone, overseas Pakistanis sent $4.1 billion in remittances, reflecting the growing influence of the digital sector on economic dynamics.

Prime Minister Sharif also praised the ongoing collaboration with Chinese tech giant Huawei, which is currently training around 200,000 students annually in technology fields. He extended an invitation to investors from North America and beyond to explore opportunities within Pakistan’s expanding tech landscape.

Notably, a Pakistani entrepreneur and a Russian counterpart pledged a combined $500 million investment, a major boost to foreign investment in IT sector. The prime minister expressed gratitude for their commitment and underscored the government’s dedication to offering robust facilities and support for both foreign and local IT investors.

Sharif reaffirmed his administration’s vision of developing a digital economy capable of revolutionizing key sectors such as agriculture and exports.

Meanwhile, Deemah AlYahya, Secretary-General of the Digital Cooperation Organization, lauded Pakistan’s digital advancements. She noted that the country’s 142 million broadband users and 65 percent smartphone penetration are strong indicators of its momentum toward a thriving digital economy.