Dubai, Oct 16 :Caretaker Minister for Information Technology and Telecommunication, Dr. Umar Saif said on Monday that international investors could greatly benefit from investing in Pakistan\u2019s digital banking, FinTech, AgriTech, and telecom infrastructure sectors.
\nSpeaking at the inaugural session of the Global Information Technology Exhibition in Dubai, he said international investors can take advantage of various incentives in Pakistan, including tax concessions and a 100% ownership rights regime.<\/p>\n
Running from October 16 to 20, the Dubai Global Exhibition features delegates from 170 countries, representing over 6,000 IT companies.
\nDr. Saif said that 85% of Pakistan\u2019s population does not have bank accounts and prefers to use cash or alternative means for transactions. This presents an excellent opportunity for offering suitable digital payment solutions.
\nThe minister said Pakistan is an attractive market for payment companies like PayPal due to its potential for generating billions in revenue.
\nHe also pointed out that Pakistan\u2019s strength lies in its youthful population, with 65% of its people under the age of 30.
\n\u201cWorldwide, Pakistan\u2019s IT talent and its strategic geographical position present tremendous opportunities,\u201d said Dr. Saif. \u201cDespite facing challenges, Pakistan is rapidly advancing in the field of technology,\u201d he added.<\/p>\n
Dr. Saif highlighted that Pakistan\u2019s IT companies offer valuable experiences and high-quality services that can benefit global markets.
\nPakistan\u2019s extensive telecommunications sector, with 192 million cellular subscribers, offers a vast market for investment.
\nThe Minister also mentioned that the next phase will involve the production of batteries and other device components, further expanding the investment horizons in Pakistan.
\nOfficials from the Pakistan Software Export Board, Agnate, and the Pakistan Software Houses Association also attended the event.
\nAs many as 54 IT companies and 30 startups from Pakistan are also participating in the Dubai Global Exhibition, underscoring Pakistan\u2019s presence in the global tech landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dubai, Oct 16 :Caretaker Minister for Information Technology and Telecommunication, Dr. Umar Saif said on Monday that international investors could greatly benefit from investing in Pakistan\u2019s digital banking, FinTech, AgriTech, and telecom infrastructure sectors. Speaking at the inaugural session of the Global Information Technology Exhibition in Dubai, he said international investors can take advantage of […]<\/p>\n","protected":false},"author":2,"featured_media":361995,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-361994","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n