Pakistan is transforming into a regional leader in digital growth, with its digital economy projected to contribute $60 billion to GDP by 2030. This growth is backed by government initiatives to create tech hubs, expand digital access, and integrate AI.
For overseas investors, Pakistan’s all-round booming economy is an opportunity to engage in a real estate market with high growth potential and long-term passive income prospects. Here’s a look at the driving forces behind this transformation.
IT Parks Set to Boost Innovation and Export Growth
With plans to establish 10 new Software Technology Parks nationwide by next year, Pakistan is building an expansive tech ecosystem, serving as hubs for startups, incubation centres, and business services.
Strategic Locations: Key cities like Islamabad and Karachi will host these parks, attracting global talent and investors.
Full-Service Ecosystem: Each park will offer resources for tech startups, creating an environment conducive to export growth and innovation.
Islamabad’s Mega IT Park—A Milestone in Global Collaboration
Among the new developments, Islamabad’s 3.3-acre IT park stands out, supported by South Korea and set to be Pakistan’s largest tech hub upon completion in 2025.
Comprehensive Facilities: This park will feature research centres, libraries, and freelancer workspaces, offering a tech ecosystem that aligns with global standards.
International Partnerships: This collaboration with South Korea highlights Pakistan’s strategic approach to tech, attracting overseas investors seeking progressive markets.
Expanding Digital Access with 100 New E-Employment Centers
To complement IT parks, the government plans to establish 100 e-employment centers to broaden digital access and job opportunities nationwide.
Workforce Development: These centres will offer training programs and digital resources, building a workforce skilled for tech jobs.
Inclusive Growth: By reaching urban and rural areas, these centres contribute to a tech-driven economy that benefits communities across Pakistan.
Rising IT Exports and Policy Support for Tech Growth
Pakistan’s IT sector has seen a 27% year-on-year increase in exports, reaching $298 million in August 2024. This growth is supported by policy shifts, such as the State Bank of Pakistan’s (SBP) 50% export earnings retention policy.
Expanding Client Base: Pakistani IT firms increasingly serve international clients, especially in the GCC.
Growth Outlook: Expected growth of 10-15% in FY25 could push IT exports to $3.5-$3.7 billion, making Pakistan competitive globally.
AI Policy and Cybersecurity Enhancements
Pakistan’s first Artificial Intelligence (AI) policy is set for launch in early 2025, focusing on cybersecurity and economic growth. Integrating AI in national security and digital services strengthens Pakistan’s digital infrastructure.
Cybersecurity Advancements: AI-driven cybersecurity aims to place Pakistan in the top 10-15 ranks of the Global Cybersecurity Index.
Digital Trust: Strengthened digital infrastructure and AI integration make Pakistan a secure, innovation-friendly market for overseas investment.
With robust digital infrastructure plans, increasing IT exports, and progressive AI policies, Pakistan is building a tech-driven future. For overseas Pakistanis and international investors, this $60 billion vision offers an opportunity to have a tangible asset in a country that blends heritage with high-growth potential.
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