Pakistan’s Minister of Information Technology has declared Saudi Arabia as the first country to make progress in registering Pakistan’s technology companies.
According to IT Minister Umar Saif, this was the first demand of Pakistan companies, which Saudi Arabia has fulfilled by establishing a special desk. According to him, this is a big development.
It should be noted that the two companies have also signed a memorandum of understanding to promote cooperation in the IT sector between Pakistan and Saudi Arabia, while Saudi Arabia also expressed its determination to establish a special desk for Pakistan. Is. This has been expressed in the presence of Pakistan’s caretaker minister for IT.
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This development has been revealed on the occasion of the signing of the Memorandum of Understanding between the two countries. A statement issued by the Embassy of Pakistan in Riyadh said. This bilateral initiative is aimed at digital transformation, development of digital infrastructure, and cooperation in the field of technology.
It should be remembered that this memorandum was signed by the Minister of Information Technology Abdullah Al-Sawaha on behalf of Saudi Arabia. On this occasion, the Saudi minister said that the development of small and medium-sized industries between the two countries will be encouraged and the trend of start-ups will be developed.
The Saudi minister further said, ‘The plan is to organize joint cooperation in business and speed up the exchange of information. Advance the concept of incubators for the development of new businesses in the field of IT.
Pakistan’s caretaker IT minister has held meetings with various dignitaries and officials during his stay in Riyadh. He said that Pakistan wants to increase bilateral opportunities and increase investment from Saudi Arabia for our start-ups.
According to Umar Saif, the investment for these startups in Pakistan has reached eight hundred million dollars during the last two years.
