
Pakistan to hold inaugural Digital Foreign Direct Investment Forum today
ISLAMABAD: Pakistan will hold a two-day inaugural Digital Foreign Direct Investment (DFDI) Forum 2025 starting today, Tuesday, as it aims to showcase its digital economy potential, attract foreign funding and promote technology exchanges.
The DFDI will be hosted in Pakistan's capital from April 29-30 and is being organized by the Pakistani IT and Telecommunication ministry 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.
'We will be welcoming around 100 plus international delegates,' Pakistan's IT Minister Shaza Fatima Khawaja told reporters at a briefing about the event on Monday. 'We will be having over 10 ministers and vice ministers of IT and other allied ministries from different countries.'
The minister said more than 30 investors, both national and international, will participate in the event. She noted that Pakistan's IT industry has been growing at a 'reasonably fast pace,' adding that the country has seen an export growth between 24 percent to 27 percent annually.
'And we're trying to actually increase the base further up, trying to hit the target of $4 billion hopefully this year,' she said. 'Last year it was $3.2 billion.'
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 smartphone 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.
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.'
Pakistan will assume the DCO's presidency in 2026, Khawaja said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Al Arabiya
2 days ago
- Al Arabiya
Billions of Login Credentials Have Been Leaked Online, Cybernews Researchers Say
Researchers at cybersecurity outlet Cybernews say that billions of login credentials have been leaked and compiled into datasets online, giving criminals unprecedented access to accounts consumers use each day. According to a report published this week, Cybernews researchers have recently discovered 30 exposed datasets that each contain a vast amount of login information–amounting to a total of 16 billion compromised credentials. That includes user passwords for a range of popular platforms, including Google, Facebook, and Apple. Sixteen billion is roughly double the amount of people on Earth today, signaling that impacted consumers may have had credentials for more than one account leaked. Cybernews notes that there are most certainly duplicates in the data, and so it's impossible to tell how many people or accounts were actually exposed. It's also important to note that the leaked login information doesn't span from a single source, such as one breach targeting a company. Instead, it appears that the data was stolen through multiple events over time and then compiled and briefly exposed publicly, which is when Cybernews reports that its researchers discovered it. Various infostealers are most likely the culprit, Cybernews noted. Infostealers are a form of malicious software that breaches a victim's device or systems to take sensitive information. Many questions remain about these leaked credentials, including whose hands the login credentials are in now. But as data breaches become more and more common in today's world, experts continue to stress the importance of maintaining key cyber hygiene. If you're worried about your account data potentially being exposed in a recent breach, the first thing you can do is change your password–and avoid using the same or similar login credentials on multiple sites. If you find it too hard to memorize all your different passwords, consider a password manager or passkey. And also add multifactor authentication, which can serve as a second layer of verification through your phone, email, or USB authenticator key.


Arab News
12-06-2025
- Arab News
Pakistan forms body to review e-commerce tax policy after new budget measures
ISLAMABAD: Pakistan's commerce and information technology ministries have announced the formation of a joint working group to propose changes to the country's e-commerce tax regime, following the introduction of new digital levies in the federal budget for fiscal year 2025–26. The budget, announced on June 10, imposes a tiered taxation structure on digital transactions. For payments under Rs10,000 ($35), a 1 percent tax will be applied. Payments between Rs10,000 and Rs20,000 ($71) will face a 2 percent tax, while transactions above Rs20,000 will be taxed at 0.25 percent. Courier services will collect the tax for cash-on-delivery orders, and payment gateways will deduct it for online payments. The measures have raised concerns among businesses about increased compliance burdens and costs for online consumers. 'In line with the consultative approach of the forthcoming policy, Minister Kamal Khan announced the formation of a joint working group with input from the IT Ministry to gather comprehensive recommendations on taxation, vendor compliance and digital payments,' the commerce ministry said in a statement after a meeting between Commerce Minister Jam Kamal Khan and IT Minister Shaza Fatima Khawaja. 'The group's findings will be formally presented to the prime minister for final consideration,' it added. 'Minister Kamal also confirmed that e-commerce policy 2.0 is in its final stages of internal review and will soon be submitted for cabinet approval.' Pakistan's e-commerce sector has grown rapidly, reaching a market value of Rs2.17 trillion ($7.7 billion) in 2024, according to the ministry of commerce. The sector is expected to expand at a compound annual growth rate of 17 percent through 2027, driven by increased smartphone penetration, digital payments, and logistics infrastructure. The new tax framework has triggered concern among industry stakeholders, particularly small and medium-sized enterprises (SMEs), which dominate Pakistan's online retail sector. Analysts say the measures could slow growth and hinder innovation in a sector seen as key to the country's digital transformation. In comparison, regional tax regimes vary. India applies a 1 percent Tax Collected at Source (TCS) on e-commerce sellers under its Goods and Services Tax (GST) framework, while Bangladesh introduced a 5 percent VAT on local digital services in 2022. Sri Lanka levies a 2.5 percent Value Added Tax on online purchases, with additional withholding tax for certain platforms. Globally, the European Union imposes VAT on cross-border e-commerce transactions, with rates ranging from 17 percent to 27 percent, while US states apply sales taxes ranging between 0 percent and 10.25 percent, depending on jurisdiction. Pakistan's e-commerce policy 2.0, once finalized, is expected to address regulatory gaps and streamline the digital business environment, which has so far operated under fragmented taxation and compliance rules.


Leaders
06-06-2025
- Leaders
Pakistan PM Visits Saudi Arabia: Eid Celebrations & Strategic Talks
Pakistani Prime Minister Shehbaz Sharif arrived in Saudi Arabia on Thursday for a crucial two-day official visit. He accepted Crown Prince Mohammed bin Salman's invitation to strengthen vital bilateral relations between the longstanding allies. The Prime Minister's Office confirmed his arrival and the visit's objectives earlier today. During his stay, PM Sharif will celebrate Eid Al-Adha within the Kingdom. He will hold substantive bilateral talks with Crown Prince Mohammed bin Salman. Discussions will prioritize boosting mutual cooperation in vital trade and investment sectors. Regional security matters will also feature prominently on their shared agenda. The two leaders will explore avenues to further strengthen multifaceted bilateral ties. Enhancing economic partnerships and investment flows remains a top priority. They will also address Muslim Ummah welfare and regional peace initiatives. Acknowledging Mediation & Boosting Economic Partnership PM Sharif will express Pakistan's sincere gratitude for Saudi Arabia's recent diplomatic intervention. The Kingdom played a pivotal role in de-escalating tensions between Pakistan and India. Gulf partners supported this crucial mediation effort between the nuclear neighbors last month. This high-level visit underscores rapidly expanding Saudi-Pakistan economic links. Both nations signed multiple significant trade and investment agreements recently. Saudi Arabia committed a substantial $5 billion investment package supporting Pakistan's economy. Saudi and Pakistani businesses signed 34 MoUs worth $2.8 billion last year. These agreements cover industry, technology, and agriculture sectors importantly. Manara Minerals is also negotiating to acquire a stake in Pakistan's massive Reko Diq project. Enduring Bonds: Defense & Vital Diaspora Links Defense collaboration remains a cornerstone of the robust Saudi-Pakistan relationship. The nations share a deep history of military cooperation and mutual support. Pakistan also provides valuable training assistance to Saudi forces. Approximately 2.7 million Pakistanis form a crucial diaspora within Saudi Arabia. Their remittances provide the highest foreign exchange inflow for Pakistan. This financial support constitutes an essential economic lifeline for their homeland. Short link : Post Views: 11