10 VC Funds Ready to Invest in Pakistan’s Digital Landscape
In order to boost digital transformation in Pakistan and to facilitate investors and protect their capital with tax incentives for ten years, the government has amended foreign exchange regulations for special technology zones.
These changed regulations aim to boost investment and promote digital transformation, and a billion-dollar fund was in the works for the same purpose, reported Arab News quoting Special Technology Zones Authority Chairman, Amer Hashmi, at the event “Connecting Pakistan: COVID-19 Lessons for Digital Policy” – organized by the policy think tank, Tabadlabb, in Islamabad.
ALSO READ
He said, “We have gotten ten venture capital funds now finally ready to come to Pakistan,” adding that “The state may think about going fifty-fifty with them, and create the first billion-dollar fund.”