Pakistan and Saudi Arabia have agreed to expand their collaboration in digital investment and technology, to facilitate improved access for Pakistani startups and small to medium-sized enterprises (SMEs) to the Saudi market.
This agreement was established during a discussion between Shaza Fatima Khawaja, Pakistan’s Minister of State for Information Technology, and Ibrahim Almubarak, the Deputy Investment Minister of Saudi Arabia, at the LEAP 2025 event.
The discussion highlights the importance of enhancing business-to-business (B2B) collaborations, particularly in artificial intelligence (AI), cloud computing, and financial technology.
Shaza Fatima highlights Pakistan’s commitment to fostering a conducive digital investment environment climate to attract international businesses.
Saudi representatives recognized the capabilities of Pakistan’s skilled workforce and its technological advancements, highlighting the prospects for cross-border venture capital investments that could create global opportunities for Pakistani startups.
Both parties also examined strategies to simplify the licensing and registration procedures for Pakistani companies aspiring to penetrate the Saudi market.
Furthermore, they discussed strengthening joint research and development (R&D) initiatives and the digitization of the degree attestation process for Pakistani professionals seeking employment in Saudi Arabia.
Shaza Fatima emphasized that improved digital collaboration between the two countries would play a crucial role in fostering regional economic development and technological progress.
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