President of Pakistan drew attention of foreign investors in Dubai

President Arif Alvi addressing the Investment Conference in Dubai

Dubai, 11 October 2021 (TDI): The President of Pakistan, Arif Alvi during his visit to the United Arab Emirates (UAE) held a meeting with heads of technology and investment companies. He affirmed great potential in Pakistan’s business sector. The claims were backed by the development of Pakistan’s Special Technology Zones Authority (STZA).

The mandate of STZA is to advance digitalization nationwide and has also successfully ameliorated the physical infrastructure of the country.

President Alvi also addressed an investment conference in Dubai. the address was aimed to attract foreign investors to invest in multiple sectors within Pakistan and particularly about E-business. He also mentioned the materialization of it through one window operations employed in sectors of innovation and technology.

President Alvi later witnessed the signing of three MoUs of STZA with MasterCard, Galaxy racer (E-sports), and Shorooq Partners VC funds.

Pakistan’s Special Technology Zones Authority (STZA)

In recognition of the crucial need to harness the opportunities of the digital age, the Prime Minister has issued a mandate to establish the Special Technology Zones Authority (STZA), which will provide legislative and institutional support for the development of the national technology sector. This body, under the Cabinet Division of the Government of Pakistan, will work to develop a technology-driven knowledge ecosystem and encourage modern innovative solutions and futuristic entrepreneurship. STZA will develop Special Technology Zones (SEZs) across Pakistan, provide special incentives to attract investors, builders, and technology companies to partner with the government, and also provide one-window facilitation to local and international companies in the STZs. Ultimately, the Authority aims to build knowledge ecosystems that will harness Pakistan’s IT potential and set the country on the trajectory of an entrepreneurial, innovative, and tech-driven future for shared prosperity & inclusive growth.