Pakistan first country to implement digital FDI: PM


LAHORE:

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

According to a spokesperson, the prime minister said that Pakistan’s first digital FDI project had made significant efforts to identify objectives and promote digital progress. He explained that Pakistan’s digital FDI project was a framework aimed at implementing digital infrastructure, digitization and export of digital services. It would focus on sectors that are likely to attract foreign investment to the country, he added.

“It is an important milestone towards creating an investment-friendly environment in the country,” the prime minister said.

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