Pakistan first country to implement digital FDI: PM

LAHORE: Prime Minister Shehbaz Sharif said on Saturday that Pakistan is the first country to implement the Digital Foreign Direct Investment (FDI) Initiative, launched by the World Economic Forum (WEF) and Digital Cooperation Organisation (DCO).

According to a spokesperson, the premier said Pakistan’s first Digital FDI project had been making significant efforts to identify targets and promote digital progress. He elaborated that Pakistan’s Digital FDI project was a framework aimed at implementing digital infrastructure, digitisation and export of digital services.

It would focus on sectors likely to attract foreign investment into the country, he added.

“It is an important milestone towards creating an investment-friendly environment in the country,” the premier said, adding that the country was heading towards a vibrant digital economy, which was a vital step in achieving sustainable progress and prosperity.

Shehbaz remarked that the initiative reflected the government’s commitment to fostering economic growth.