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.”
CxO Global Forum and Careem Sign MoU in a Novel Partnership Agreement
CxO Global Forum, a knowledge-sharing platform for all C-Levels across the globe, and Careem signed a landmark partnership agreement at a ceremony on Friday, 19th February 2021. The MoU incorporates Careem for Business and their greater aim to venture into corporate logistics and transport solutions, says a press release.
The event, held at the National Incubation Center (NIC), began with an informative session on Technology & Innovation, with keynote speaker Amer Hashmi – Chairman at Special Technology Zones Authority (STZA), who also graced the occasion as the Guest of Honour.
Hashmi spoke about how such a framework was essential for Pakistan to compete on the global level. In addition, he applauded the efforts of Prime Minister Imran Khan for the empowerment of youth and the underprivileged. Furthermore, Hashmi said that the role of the Pakistani diaspora worldwide is key in helping Pakistan’s digital tra
Tech giants urge govt for declaring digital emergency in Pakistan thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Former IBM Official and NUST Executive Appointed as Chairman Special Technology Zones Authority
Prime Minister Imran Khan has appointed Amer Ahmed Hashmi as Chairperson for the Special Technology Zones Authority (STZA), according to a notification issued by the cabinet division.
In accordance with the Ordinance for the establishment of Special Technology Zones Authority on December 2, 2020 by President Arif Alvi, the new authority will focus on the growth of the scientific and technological ecosystem in the country, primarily through fostering the development of technology zones and high-tech industrial parks, thereby contributing to the acceleration of the evolution of the national system of innovation.