Chairman P@SHA Highlights Significant Investment Inflows to Pakistan’s Tech Sector

The Chairman of Pakistan Software Houses Associations (P@SHA), Muhammad Zohaib Khan represented Pakistan’s private sector at the World Economic Forum 2024 in Davos, Switzerland. The focus of the IT delegation’s visit was the Pakistan Pavilion, which attracted investors, entrepreneurs, and tech founders.

Zohaib Khan highlighted the emergence of Pakistan as a significant tech destination globally and credited the Special Investment Facilitation Council (SIFC) for generating investor interest. The Pakistan Pavilion, organized by Pathfinder Group, featured key figures like Dr. Amjad Saqib, Jehanzeb Khan, Ikram Sehgal, and Aamir Ibrahim.

The Federal Caretaker Minister for Information Technology & Telecom, Dr. Umar Saif, accompanied the delegation to forge linkages with multinational companies. The efforts of the IT minister were fruitful in bringing funding for skills development and training programs.

Special technology zones were highlighted as a major avenue for foreign direct investment (FDI) in Pakistan, offering comprehensive facilitative measures for IT ventures. Zohaib Khan emphasized that Pakistan’s abundant IT workforce, with 65% of the population being youth, is a key factor attracting multinational interest.

The tech verticals that gained attention at the World Economic Forum 2024 included artificial intelligence, gaming, space sciences startups, digitalization of governance, FinTech, healthcare technologies, EdTech, and business process outsourcing.

Zohaib Khan’s takeaway from the Davos engagements is the need for Pakistani companies, investors, freelancers, students, and IT professionals to upscale their game in emerging technologies that will shape the future tech landscape.