Pakistan targets quick wins in IT boom

Pakistan's Ambassador to US Rizwan Saeed Sheikh has said that vast opportunities existed in sectors like fintech, artificial intelligence (AI), and e-commerce in Pakistan, which could transform the country's economic landscape.

Ambassador Sheikh accompanied by the Consul General of Pakistan in Los Angeles, engaged in a series of meetings in Silicon Valley, focusing on enhancing trade and investment in Pakistan's rapidly expanding IT sector, said a message received here.

These interactions on the sidelines of the annual forum of the Organization of Pakistani Entrepreneurs (OPEN) Silicon Valley, underscored Pakistan's commitment to fostering a dynamic international collaboration, it added.

In his interactions, the Ambassador outlined Pakistan's ambitious IT growth targets, aiming to increase IT and IT-enabled services (ITES) exports to $15 billion by 2029 and $30 billion by 2030.

In his address to the forum, he highlighted the thriving freelancer ecosystem, comprising world's second largest active professionals, which placed Pakistan among the top global providers of freelance services.