Islamabad, In a decisive move signaling Pakistan’s continued allure for international investors, the country is set to welcome a combined $110 million in investments aimed at galvanizing its burgeoning startup and technology sectors. This financial commitment stems from a high-profile meeting led by the Federal Minister for National Food Security and Research, Dr. Kousar Abdullah Malik, with notable industry leaders from the investment and technology domains.
According to a news release by the Press Information Department, Tri-Ri Asset Management (TRAM) pledged a whopping $100 million, with the Tingo Group announcing a $10 million investment. Both figures highlight the growing confidence in Pakistan’s potential as a hub for innovation and entrepreneurship.
During these deliberations, Dr. Malik hailed these investment pledges, spotlighting their capacity to catalyze growth across various sectors within Pakistan. Furthermore, he conveyed his appreciation to these distinguished business figures for their endorsement and stressed the critical role of collaborative undertakings in accomplishing the Ministry’s objectives. Dr. Malik assured that every possible means and resource under the Ministry’s purview would be mobilized to ensure the smooth and prompt progression of these investment projects, catering to the nation’s broader interests.
In particular, Dr. Malik emphasized the Special Investment Facilitation Council’s (SIFC) instrumental role. This body will oversee the projects’ swift execution, ensuring that the rewards are experienced not only by the investing entities but also the wider Pakistani populace.
Supporting Dr. Malik’s sentiments, the Provincial Minister for Science and Technology in Khyber Pakhtunkhwa, Dr. Najibullah, conveyed his appreciation for the Federal Minister’s relentless zeal in nurturing partnerships and ushering in a climate of cooperative development.
This assembly underscores Pakistan’s ongoing trajectory towards a technologically advanced future, championed by strategic investments and enhanced inter-agency collaboration in the realms of science and technology.