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Saturday, October 1, 2022

FM Bilawal invites Meta to establish office in Pakistan - BOL News

Last updated Wednesday, September 21, 2022 06:25 ET , Source: TopWireNews

FM Bilawal invites Meta to establish office in Pakistan
FM has invited a high-ranking Meta official to build a local office to enhance contact between local authorities and the social media giant
Pakistan mission, the foreign minister met Meta’s Global Affairs President Nick Clegg
FM thanked the company for donating Rs.125 million for humanitarian assistance to Pakistan
NEW YORK: Bilawal Bhutto Zardari, Pakistan’s Foreign Minister, has invited a high-ranking Meta official to build a local office to enhance contact between local authorities and the social media giant.
Last year, Facebook rebranded itself to Meta to create the “metaverse,” a shared virtual world that the firm believes will be the replacement for mobile internet.
On the sidelines of the United Nations General Assembly’s (UNGA) 77th session, where he is part of the Pakistan mission, the foreign minister met Meta’s Global Affairs President Nick Clegg.
When discussing the potential available in Pakistan, the foreign minister stated that the country has a tech-savvy youthful population (64% under the age of 30), high teledensity, massive digitization of the economy, and a business-friendly regulatory regime.
“Pakistan’s IT sector has experienced rapid growth in recent years, creating new prospects for platforms like Meta to extend their operations in Pakistan,” the foreign minister told a representative of the social media business.
Clegg stated that Meta’s Pakistan team is exclusively made up of Pakistani...



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