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Govt to launch Pakistan Startup Fund on Jan 9: IT Minister

Pakistani startups attracted $800m in foreign investment in four years
In this photograph taken on May 24, 2019, Pakistani youngsters work at their desks at the National Incubation Centre (NIC), in Lahore, Pakistan. (AFP/File)
In this photograph taken on May 24, 2019, Pakistani youngsters work at their desks at the National Incubation Centre (NIC), in Lahore, Pakistan. (AFP/File)

Caretaker IT Minister Dr Umar Saif on Friday announced that the Pakistan Startup Fund is set to be launched on January 9.

In an interview with private TV channels, he expressed confidence in the immense potential of Pakistani youth, highlighting that Pakistan boosts the world’s second-largest online workforce.

According to Saif, Pakistani startups have attracted nearly $800 million in foreign investment during the last four years.

He said that Pakistan ranked as the seventh-largest market for mobile phones globally, with 75 million broadband users while social media users in Pakistan surpass the total population of Canada.

Pakistan, Saudi Arabia sign MoU to accelerate digital innovation

On initiatives for IT education, the minister said that the ongoing efforts to conduct tests for IT scholarships indicate a commitment to fostering talent and innovation in the technology sector.

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