Tuesday, November 30, 2021

STZA signs deals to attract foreign investment - The Express Tribune

Last updated Friday, October 15, 2021 03:00 ET , Source: TopWireNews

The Special Technology Zones Authority (STZA) has signed three memoranda of understanding (MoUs) with international companies to attract foreign direct investment, promote technology transfer and ensure job creation in the newly established technology zones across Pakistan.
According to a statement issued on Thursday, first MoU for digital country partnership was signed with MasterCard Asia-Pacific Limited, a global technology company with market capitalisation of over $340 billion.
The MoU includes strengthening the digital framework in Pakistan, deploying smart city solutions, boosting artificial intelligence and cybersecurity capabilities, promoting agritech and setting up Pakistan’s first cash-free technology zone.
Second MoU was inked with UAE-based Galaxy Racer for cooperation in the development of gaming industry and esports through Special Technology Zones (STZs) in Pakistan.
Esports industry has a global footprint and has gradually grown in popularity over the years in the international market.
Third MoU was signed with UAE-based Shorooq Partners to support the building of Pakistan’s tech ecosystem, ensure presence on the ground to support local founders and investors through a series of ecosystem programmes and give portfolio companies in Pakistan a suite of valueadded services.
STZA Chairman Amer Hashmi, on the occasion, reaffirmed the government’s commitment to facilitating global venture capital firms in the technology zones. Senior executives of...

Read Full Story: https://tribune.com.pk/story/2324866/stza-signs-deals-to-attract-foreign-investment

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