PM Shehbaz Urges Local Investment in FBR Digital Reforms, Highlights $700m IT Pledges

ISLAMABAD, Apr 30 (Alliance News): Prime Minister Shehbaz Sharif on Wednesday emphasized that the people of Pakistan, particularly its business and IT communities, have the potential to play a central role in the country’s development and contribute significantly to the global economy.

Chairing a meeting on investor participation in the Federal Board of Revenue’s (FBR) digital and structural reforms, the prime minister lauded the performance of Pakistani businesses and IT entrepreneurs, who he said are already offering valuable services on the global stage.

Highlighting investment pledges worth $700 million made during the Digital Investment Forum held under the Digital Cooperation Conference, PM Shehbaz said Pakistan is home to some of the best IT experts in the world.

“They can produce outstanding results if given the right opportunities aligned with their potential,” he noted.

He directed authorities to prioritize the inclusion of local investors in ongoing and future IT and reform initiatives.

Stressing the importance of domestic investment for sustainable progress, he called for a special webinar to educate IT sector stakeholders about investment prospects within FBR’s digital transformation.

Officials briefed the meeting on different stages of the FBR’s digital reform process, including work already underway or completed in areas like digital monitoring, track and trace systems, research analytics, and automation.

It was revealed that over $100 million worth of investment opportunities exist in fields such as digital invoicing, faceless technology, and cargo tracking within the scope of FBR’s reforms.

The meeting was attended by Finance Minister Muhammad Aurangzeb, IT Minister Shaza Fatima Khawaja, Secretary-General of the Digital Cooperation Organization Deemah Al Yahya, CEOs of international IT firms, and senior government officials.