ISLAMABAD, Oct 26 (APP):Federal Minister for Science and Technology, Syed Shibli Faraz Tuesday said Pakistani start-ups had raised around $300 million so far this year which reflected influx of skilled entrepreneurs in the country.
He was addressing the Pakistan Tech Summit held in Istanbul, through a video link, a web portal related to Science and Technology reported.
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 the Pakistan’s government was 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 realize our development journey,” he said.
Underlining the “immense opportunity” that Pakistan presents for growth in the technology sector, he said the country had 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 summit to “showcase Pakistani talent and to nurture the tech ecosystem.”
Also speaking at the event, the senior provincial science official from the northern Khyber Pakhtunkhwa province, said: “Technology is the present … maybe we are lagging behind. It is not the future.”
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