China has emerged as a pivotal player in Pakistan’s digital landscape, establishing successful partnerships that have significantly contributed to the nation’s digital advancement. Zulfiqar Ali, Director General of Pakistan Regulatory Moderation Initiative at the Board of Investment (BOI), expressed optimism about China’s increasing role in driving digital investments in Pakistan.
During a panel discussion at the UN Asia-Pacific Innovation Forum held in conjunction with the 23rd China International Fair for Investment and Trade (CIFIT) from September 8th to September 11th, Zulfiqar Ali outlined Pakistan’s strategies for digital development. He underscored the vital role of foreign direct investment (FDI) in steering Pakistan’s digital transformation journey.
In an era where the world is embracing the digital revolution, Pakistan is actively committed to the path of digitalization. The country has been tirelessly working to reshape its economy and society, recognizing the profound significance of digital development. Pakistan has meticulously crafted comprehensive policies and strategies aimed at unlocking the full potential of technology.
These endeavors encompass a wide array of sectors, including infrastructure, education, governance, and entrepreneurship. The overarching goal is to harness technology’s capabilities to fuel economic growth and enhance the quality of life for its citizens. Zulfiqar Ali highlighted a noteworthy initiative, the Digital Economy Enhancement Project, with a budget of $78 million, geared towards bolstering the government’s capacity to provide digitally-enabled public services to both citizens and businesses. A pivotal aspect of this initiative is the Pakistan Business Portal, designed as a convenient one-stop digital hub for businesses to conduct all their operations seamlessly within Pakistan, eliminating the need for physical visits to government offices.