Pakistan to hold inaugural digital foreign direct investment forum this week

Graphic representation of Digital Foreign Direct Investment Forum uploaded on its website. (dfdi.pk/Website)
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Updated 28 April 2025
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Pakistan to hold inaugural digital foreign direct investment forum this week

  • Forum from Apr. 29-30 will showcase Pakistan’s digital economy potential, attract foreign fundings, promote technology exchanges
  • Event is being held as digital media in Pakistan has been muffled with measures to slow down Internet speeds and restrict VPN use

Pakistan will hold its inaugural digital foreign direct investment forum this week, the information ministry said, as the country aims to showcase its digital economy potential, attract foreign fundings and promote technology exchanges. 

The Digital Foreign Direct Investment (DFDI) 2025 forum, hosted in Islamabad from April 29-30, is being organized by the Pakistani ministry of IT and Telecommunication in collaboration with the Digital Cooperation Organization (DCO). Over 400 delegates and more than 200 IT and telecom companies will attend the event from over 30 countries. 

The forum will aim to bring together global policymakers to discuss frameworks that enhance digital infrastructure, adoption and exports across the 16 DCO member states. It will showcase the readiness of DCO member states, with Pakistan as the host, for digital investment by leveraging their skilled talent, supportive policies, and high-growth sectors such as fintech, AI and cybersecurity.

“The purpose is to showcase Pakistan’s digital economy, attract foreign investment and promote innovation and technology exchange,” the information ministry said. 

The platform also aims to facilitate partnerships between IT leaders from DCO member states and international delegates to drive innovation, knowledge exchange, and cross-border cooperation. The goal is to present actionable prospects for investors, backed by data on the combined $3.5 trillion GDP and thriving digital ecosystems across DCO member states, including Pakistan’s dynamic IT sector.

“The Digital Foreign Direct Investment Forum is a strategic initiative designed to position Pakistan as a pivotal hub for digital investments,” IT Minister Shaza Fatima Khawaja was quoted as saying on the forum’s official website.

As of 2025, Internet penetration in Pakistan was estimated at 58.4 percent, as per the IT ministry, with 142 million Internet users in a population of over 240 million. Mobile penetration is at 79.4 percent, including 72.99 million smart phone users. 

Pakistan also has an over $3 billion IT export market, with IT exports reaching $1.86 billion in the first half of fiscal year 2024-25, up 28.04 percent year-on-year. Its exports grew 26 percent in the first half of the current fiscal year, reaching $300 million monthly.

Speaking to reporters at a briefing in Islamabad on Monday, Khawaja said over 10 ministers and vice ministers of IT and other allied ministries from different countries will be arriving on Monday and Tuesday for the forum. 

“The idea is to showcase Pakistan in both categories, whether it’s the startup, venture capital potential that Pakistan has, or with the already institutionalized, large IT companies related to software and IT products that have, again, a huge potential when it comes to investment opportunities that will work,” Khawaja explained. 

She said Pakistan’s IT industry has been growing at a “reasonably fast pace,” noting that its exports have grown annually between 24 percent to 27 percent.

“And we’re trying to actually increase the base further up, trying to hit the target of 4 billion hopefully this year,” Khawaja added. 

But the forum is being held as digital media in Pakistan has been muffled with measures by telecom authorities to slow down Internet speeds and restrict VPN use while social media platform X has been blocked for over a year. Earlier this year, parliament approved a law to regulate social media content that rights activists and experts widely say is aimed at curbing press freedom and controlling the digital landscape. The government denies this. 

Last year the Pakistan Software Houses Association (P@SHA) said Pakistan’s economy could lose up to $300 million due to Internet disruptions caused by the imposition of a national firewall to monitor and regulate content and social media platforms. The government denies the use of the firewall for censorship.

Khawaja, however, said the government genuinely feels that the freedom Pakistani citizens generally have with regard to Internet usage is “quite high.”

“Actually except for X that you mentioned, there is no platform that is not accessible to anyone,” she said. “There are no, per se, restrictions on the usage.”


Pakistani delegates brief UNSC members on conflict with India, attempt to block Indus waters

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Pakistani delegates brief UNSC members on conflict with India, attempt to block Indus waters

  • Tensions between nuclear-armed Pakistan and India remain high since a four-day military standoff last month
  • New Delhi announced suspending a key water treaty in April a day after a militant attack it blamed on Pakistan

ISLAMABAD: A high-level Pakistani delegation, led by former foreign minister Bilawal Bhutto-Zardari, has met representatives of the United Nations Security Council’s elected member states and briefed them on last month’s conflict between India and Pakistan as well as New Delhi’s attempt to block Pakistan’s share of Indus waters, Pakistani state media reported on Monday.

Tensions between nuclear-armed Pakistan and India remain high since they struck a ceasefire on May 10 following the most intense military confrontation between them in decades. Both countries accuse the other of supporting militancy on each other’s soil — a charge both capitals deny.

The latest military escalation, in which the two countries traded missile, drones and artillery fire, was sparked after India accused Pakistan of supporting militants who killed over two dozen tourists in Indian-administered Kashmir on April 22. Islamabad denies involvement.

In its meeting with representatives of Denmark, Greece, Panama, Japan and other UNSC member states in New York, the Pakistani delegation highlighted that Islamabad’s response to Indian missile strikes was “measured, responsible and in accordance with the UN Charter,” the Radio Pakistan broadcaster reported.

“It briefed the UNSC elected members that [India’s] holding [of] Indus Waters Treaty in abeyance may lead to water shortage, food crisis and environmental disaster in Pakistan,” the report read. 

“The delegation called on the members of the Security Council to move beyond conflict management and actively support conflict resolution in South Asia.”

India announced suspending the 1960 World Bank-brokered treaty, which ensures water for 80 percent of Pakistani farms, a day after the April 22 attack. Islamabad has called for a credible, international probe into the attack and described the Indian move to suspend the treaty as “act of war.”

Bhutto-Zardari told UNSC members that Indian allegations against Pakistan were without any “credible investigation or verifiable evidence,” and that New Delhi’s targeting of innocent civilians and suspension of Indus Waters Treaty was a threat to regional peace, according to the report.

The Pakistani delegates underscored Islamabad’s commitment to restraint and initiation of a comprehensive dialogue to address outstanding issues with India, particularly the Jammu and Kashmir dispute. 

Bitter rivals India and Pakistan have fought three wars, including two of them over the disputed region of Kashmir, since gaining independence from British rule in 1947. Both claim the Himalayan territory in its entirety but rule it in part.

“The elected members of UN Security Council appreciated Pakistan’s outreach and welcomed its reaffirmation of commitment to peace and diplomacy,” the report said.

“They noted the significance of de-escalation, respect for international law, and the peaceful settlement of disputes emphasized that the UN Charter must guide state conduct, particularly in regions of high sensitivity such as South Asia. They acknowledged the risks posed by any further escalation and stressed the need to pursue diplomatic solutions.”

The Pakistani delegation, led by Bhutto-Zardari, will also visit Washington DC, London and Brussels to present Pakistan’s position on the conflict. Another delegation, led by Special Assistant to the Prime Minister Tariq Fatemi, will visit Moscow this week.

Pakistan’s foreign office earlier said the two delegations will “underscore the imperative for the international community to play its due role in promoting a lasting peace in South Asia.”


Pakistan’s Punjab issues fresh rain alert after 21 killed by storms last month

Updated 02 June 2025
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Pakistan’s Punjab issues fresh rain alert after 21 killed by storms last month

  • Pakistan has seen erratic weather changes leading to frequent heatwaves, untimely rains, storms and droughts in recent years
  • Thunderstorms last month also claimed more than 10 lives and injured 30 others in the neighboring Khyber Pakhtunkhwa province

ISLAMABAD: The Punjab Provincial Disaster Management Authority (PDMA) on Monday issued a fresh alert about rains and strong, dusty winds in the province from June 2 till June 5, days after thunderstorms killed nearly two dozen people in Pakistan’s most populous province.

Thunderstorms killed at least 21 people and injured more than 100 others in Punjab as moist currents penetrated upper parts of Pakistan late last month, according to national and provincial disaster management authorities.

More rains and gusty winds are expected in Rawalpindi, Murree, Galiat, Attock, Chakwal, Mandi Bahauddin, Gujrat, Jhelum, Gujranwala, Lahore, Kasur, Sialkot, Narowal, Okara, Faisalabad, Toba Tek Singh, Jhang, Khushab, Sargodha, Mianwali, Multan, Dera Ghazi Khan, Bahawalpur and Bahawalnagar districts.

“Citizens should stay in safe places to protect themselves from lightning. The public should never go out under the open sky during thunderstorms and storms,” the PDMA quoted its Director-General Irfan Ali Kathia as saying.

Due to possible rains, it said, the intensity of heat will decrease during the three-day Eid Al-Adha festival, which begins on Saturday.

Kathia said the PDMA has alerted the district administrations as well as health, irrigation, construction and communications, local government and livestock departments.

Pakistan has seen erratic changes in its weather patterns which have led to frequent heat waves, untimely rains, storms, cyclones and droughts in recent years. Scientists have blamed the events on human-driven climate change.

Thunderstorms last month also claimed more than 10 lives, while 30 others sustained injuries in the Khyber Pakhtunkhwa province in Pakistan’s northwest, according to provincial authorities.

In 2022, devastating floods, blamed on human-driven climate change, killed more than 1,700 Pakistanis, affected another 33 million and caused the country over $30 billion in economic losses.


Pakistan to play in Colombo when India hosts women’s World Cup

Updated 02 June 2025
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Pakistan to play in Colombo when India hosts women’s World Cup

  • India and Pakistan have not played a bilateral series since 2013 and play their matches in neutral venues when either country hosts an ICC event
  • Neutral venue arrangement between the countries will also be in place for the men’s T20 World Cup in 2026, which India will co-host with Sri Lanka

Pakistan will play all their women’s 50-over World Cup matches in Sri Lanka’s capital Colombo when India hosts this year’s tournament, the International Cricket Council (ICC) said on Monday.

Politically-estranged India and Pakistan, who have not played a bilateral series since 2013, will play their matches in neutral venues when either country hosts an ICC event, the sport’s global governing body announced in December.

“The venues for the knockouts are dependent on Pakistan qualifying as two alternative venues have been identified for one semifinal and the final,” the ICC said.

“Colombo will be the venue for the first semifinal and the final only if Pakistan qualify for those stages.”

Bengaluru, where the tournament will start with India playing in the opening match, will host the final on November 2 if Pakistan are knocked out earlier in the tournament, the ICC added.

Bengaluru will also stage the second semifinal on October 30, a day after the first semifinal in Colombo or Guwahati. Visakhapatnam and Indore are the two other host cities for the eight-team tournament.

India played all their matches in Dubai when Pakistan hosted the men’s Champions Trophy this year, including the final which they won.

Both the Indian Premier League (IPL) and the Pakistan Super League were suspended last month amid clashes between the two countries following an attack targeting tourists that killed 26 people in disputed Kashmir region in April. Matches resumed after a ceasefire was announced.

The neutral venue arrangement between the countries will also be in place for the men’s T20 World Cup in 2026, which India will co-host with Sri Lanka, and the women’s T20 World Cup in 2028 in Pakistan.


Pakistan earmarks $3.5 billion for development projects in upcoming budget

Updated 02 June 2025
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Pakistan earmarks $3.5 billion for development projects in upcoming budget

  • The budget for fiscal year 2025-26 will be announced in the National Assembly on June 10
  • Pakistan’s annual inflation rose to 3.5% in May, though macroeconomic outlook has improved

ISLAMABAD: Pakistan’s Planning Minister Ahsan Iqbal said on Monday that the Finance Division has allocated Rs1 trillion ($3.5 billion) for development projects in the upcoming budget for fiscal year 2025-26.

The 2025–26 budget is expected to be presented by Finance Minister Muhammad Aurangzeb in Pakistan’s lower house of parliament on June 10, following the Eid Al-Adha holidays, after the government postponed an earlier date of June 2.

Providing the breakdown $3.5 billion development budget, Iqbal said Rs664 billion ($2.3 billion) would be allocated to infrastructure projects, including energy, water, transport, physical planning and housing.

“Prime Minister Shehbaz Sharif has directed that Rs120 billion ($426.7 million) be allocated for N25 Chaman-Quetta-Karachi Expressway,” he said at a press conference in Islamabad.

“Rs150 billion ($533.3 million) are for social sectors, special areas, including Azad Jammu and Kashmir and Gilgit-Baltistan, have been allocated Rs63 billion ($223.9 million), and merged [tribal] districts in Khyber Pakhtunkhwa have been allocated Rs70 billion ($248.4 million).”

Similarly, Rs53 billion ($188.3 million) have been earmarked for science and information technology, Rs9 billion ($32.2 million) for governance and reform projects, and Rs11 billion ($39.1 million) for production sectors, according to the minister.

“The majority [of allocation] is for water, power and highway sector,” he added.

Late last month, Iqbal said Pakistan’s defense spending would be hiked in the upcoming budget as the military would “certainly require” more financial resources to defend the country against India. But neither Iqbal nor any other government official has so far shared any figures. Pakistan’s defense budget currently stands at Rs2.122 trillion ($7.53 billion).

The remarks came days after Pakistan and India attacked each other with missiles, drones and artillery in their worst conflict in decades that killed around 70 people on both sides. The two nations agreed to a ceasefire on May 10 after four days of hostilities sparked by a militant attack on tourists in Indian-administered Kashmir in April.

Pakistan’s annual inflation rate rose to 3.5% in May, though the country’s macroeconomic outlook has improved in recent months, supported by a stronger current account balance, increased remittances and declining inflation.

Authorities remain cautious as they aim to build on recent economic stabilization, guide the country toward gradual growth, and reaffirm their commitment to ongoing economic reforms.


Pakistan announces four-day holiday on Eid Al-Adha

Updated 02 June 2025
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Pakistan announces four-day holiday on Eid Al-Adha

  • Eid Al-Adha is one of two important Islamic festivals, in which Muslims sacrifice animals and share their meat among family, friends and the poor
  • Believers observe the annual festival to commemorate the willingness of Prophet Ibrahim (Peace Be Upon Him) to sacrifice his son on God’s command

ISLAMABAD: Pakistan has announced a four-day holiday on Eid Al-Adha starting from June 6, the Cabinet Division said on Monday.

Eid Al-Adha is one of the two most important festivals of the Islamic calendar. The other, Eid Al-Fitr, occurs at the end of Ramadan, the holy month of fasting.

Muslims mark the Eid Al-Adha holiday by slaughtering animals such as sheep and goats, and the meat is shared among family and friends and donated to the poor.

“The prime minister has been pleased to declare 6th, 7th, 8th and 9th June, 2025, (Friday, Saturday, Sunday and Monday) as public holidays on the occasion of Eid Al-Adha,” the Cabinet Division said.

Last week, Pakistan’s moon sighting committee announced that the crescent marking the beginning of the Islamic month of Dhul Hijjah was not sighted due to unclear skies and the Eid Al-Adha festival would commence from June 7.

Eid Al-Adha is observed on the 10th day of Dhul Hijjah to commemorate the willingness of Prophet Ibrahim (Peace Be Upon Him) to sacrifice his son on God’s command.

Dhul Hijjah is the twelfth and final month of the Islamic calendar, a sacred period during which the Hajj pilgrimage takes place. This year, the annual Hajj pilgrimage will commence on June 4.