Islamabad: In a landmark development, Pakistan has emerged as the first nation to implement a Digital Foreign Direct Investment (FDI) initiative. This strategic move is designed to boost digital growth and attract foreign capital into the country’s burgeoning markets.

According to a statement by Ministry of Information and Broadcasting, the initiative is a joint effort between the World Economic Forum and the Digital Corporation Organization. Its aim is to facilitate cross-border digital investments by introducing a Digital FDI-Enabling Project in Pakistan.

The project will focus on targeted measures to promote digital development, which include enhancing digital infrastructure, engaging with stakeholders, and addressing key challenges associated with digital investments.

In a bid to bolster confidence among foreign investors, Pakistan is also working on aligning local companies’ capabilities with European Union regulations. This alignment is expected to enhance the credibility and appeal of Pakistani firms in the international market.

Additionally, the government intends to improve public access to data, a move that could further stimulate digital investment and contribute to the country’s economic progress.