ISLAMABAD: Rising investments in the technology sector show Pakistan has skilled entrepreneurs, Minister for Science and Technology Shibli Faraz said.
“Pakistani start-ups raised around $300 million, so far, this year,” said Faraz, addressing via video link the Pakistan Tech Summit held in Istanbul.
Over 200 entrepreneurs, technology experts and sector leaders are participating in the two-day event at the Istanbul Sabahattin Zaim University in the Turkish metropolis.
Faraz said Islamabad is working to provide an environment for “start-ups to grow and compete.”
“Start-ups do not exist in a vacuum and our efforts need to cover all the aspects if we want to realise our development journey,” he said.
Underlining the “immense opportunity” that Pakistan presents for growth in the technology sector, he said the country has worked to make doing business easier in a bid to “invite investments in the sector.”
He also noted that the way to growth for the sector would be to “forge collaborations,” with a summit to “showcase Pakistani talent and to nurture the tech ecosystem.”
Collaborations ‘a must’ for Pakistan and Turkey
Also speaking at the event, Khyber Pakhtunkhwa Minister for Information Technology Atif Khan said: “Technology is the present […] maybe we are lagging behind. It is not the future.”
On his fifth trip to Turkey in five years, Khan told participants that the two countries needed to focus on the technology sector.
“Tech gives you the opportunity to get out of...
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