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Foreign companies welcome to invest in country’s fast-growing IT sector: President

President Dr Arif Alvi has said that Digital Transformation was at the heart of the country’s vision to create a conducive environment for technology development and growth, which included inviting and facilitating foreign investment in the IT sector.

The President expressed these views while talking to a delegation of DigitalOcean, led by its CEO Yancy Spruill, who called on him, at Aiwan-e-Sadr in Islamabad on Wednesday.

The President said this would help in building Pakistan’s image, harnessing its business potential and promoting the export of the country’s IT services and products around the world.

The President said that a high level of commitment, taking the right decisions at the right time and implementing policies and decisions on a timeline basis was needed both at the federal and provincial levels to create a well-integrated and functional IT ecosystem in Pakistan. He said this will fully capitalize on the vibrancy of the youth, improve Pakistan’s IT exports by further improving the investment climate and imparting speedy but quality IT computer programming, Artificial Intelligence and computing skills to our huge youth bulge which was already contributing to the growth and progress of the IT sector in Pakistan.

The President appreciated DigitalOcean for investing in Pakistan by acquiring a Pakistani IT company at $350 million, which was the largest IT acquisition in the history of Pakistan. He said that the step would help in the exponential growth of Pakistan’s IT companies, besides helping IT professionals and companies to promote and enlarge their businesses, services, and outreach.

During the meeting, the CEO of DigitalOcean, Mr Yancey Spruill, briefed the President about DigitalOcean, its growth

Source: Radio Pakistan