Pakistan seeks Saudi investment in tech sector with over 100 local firms joining LEAP 2025 in Riyadh

Pakistan seeks Saudi investment in tech sector with over 100 local firms joining LEAP 2025 in Riyadh
Pakistan’s State Minister for Information Technology, Shaza Fatima Khawaja, addresses the Pakistan-Saudi Business Forum in Riyadh, Saudi Arabia on February 9, 2025. ( Pakistan's IT Ministry)
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Updated 09 February 2025
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Pakistan seeks Saudi investment in tech sector with over 100 local firms joining LEAP 2025 in Riyadh

Pakistan seeks Saudi investment in tech sector with over 100 local firms joining LEAP 2025 in Riyadh
  • The fourth edition of the LEAP conference aims to expand business networking and investment opportunities in the global tech sector
  • IT minister says Pakistan, which recorded $348 million IT exports in Dec., offers ‘world-class’ digital services, investment opportunities

ISLAMABAD: State Minister for Information Technology (IT) Shaza Fatima Khawaja on Sunday invited Saudi businessmen to invest in Pakistan’s tech sector, highlighting the participation of over 100 Pakistani firms in the LEAP 2025 tech conference in Riyadh.

The minister expressed these views while addressing the Pakistan-Saudi Business Forum in Riyadh, a networking event jointly organized by the Pakistan Software Houses Association (P@SHA) and the Pakistan Software Export Board (PSEB), ahead of the four-day LEAP tech conference being held on Feb. 9-12.

This is the fourth edition of LEAP, recognized as Saudi Arabia’s award-winning global technology event for which entrepreneurs, investors and startups have converged in Riyadh to present their products to an anticipated audience of over 170,000 visitors. The latest edition follows last year’s record-breaking LEAP 2024, which saw $13.4 billion in investments and project commitments. Under the theme “Into New Worlds,” LEAP 2025 aims to expand business networking and investment opportunities in the tech sector.

Pakistan recorded the highest-ever monthly IT exports of $348 million in Dec. 2024, up by 15 percent year-on-year and 12 percent month-on-month, according to official data. The LEAP event offers Pakistani firms a platform to collaborate with stakeholders, explore business opportunities and showcase Pakistan’s diverse IT exports, including software development, artificial intelligence (AI), blockchain, fintech, gaming and robotics.

“Pakistan seeks strong partnerships in advanced technology under Saudi Vision 2030 and we invite Saudi investors to invest in Pakistan’s fintech, cybersecurity, and cloud computing sectors,” Khawaja said.

“Pakistan is making its largest participation in LEAP 2025, with over 100 tech companies and more than 1,000 participants.”

LEAP 2025 will debut Tech Arena, a platform for emerging innovations, featuring a ‘Live TV’ stage hosted by BBC Click’s Lara Lewington and Spencer Kelly. It is one of two new segments at LEAP 2025, alongside the SportsTech stage, supporting Saudi Arabia’s Vision 2030 for innovation and technological growth.

Visitors will explore AI, mixed reality, fashion tech, and brain-computer interfaces. Key highlights include Anouk Wipprecht’s Tech Couture exhibit, Adobe’s ‘Project Primrose’ digital dress technology, and Aramco-backed Terra Drone’s long-range medical delivery system. Saudi oil giant Aramco will also showcase SARA, an AI-driven assistant for decision-making. Engine VR will present its Golden Gloves VR boxing platform with live demos by UFC fighter Andrew Sanchez, while Alwaleed Philanthropies will showcase its Atlai AI program to support global deforestation monitoring. XPANCEO will introduce smart contact lenses with integrated computing.

Pakistan is providing world-class digital services and offering excellent opportunities for investors, according to Khawaja.

“We are not just participating [in LEAP 2025] but signing memorandums of understandings and making agreements for real economic growth through cooperation,” she said, adding that the Digital Cooperation Organization (DCO) was a key partner in the South Asian country’s digital growth.

The 16-member DCO, the world’s first standalone international intergovernmental organization, focuses on the acceleration of growth of an inclusive and sustainable digital economy. Pakistan is a key member of the organization.

Khawaja said the Digital Nation Act 2025 marked a new era in the Pakistani digital realm and provided a golden opportunity for digital investment and technological collaboration between Pakistan and Saudi Arabia. The act aims to align Pakistan’s economy, governance and services with global digital standards.

“The Digital Foreign Direct Investment (DFDI) Forum will soon be held in Islamabad, bringing together global investors, including from Saudi Arabia,” she added.


Polio vaccination mandatory for Pakistani Umrah pilgrims following surge in cases

Polio vaccination mandatory for Pakistani Umrah pilgrims following surge in cases
Updated 22 sec ago
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Polio vaccination mandatory for Pakistani Umrah pilgrims following surge in cases

Polio vaccination mandatory for Pakistani Umrah pilgrims following surge in cases
  • Saudi Arabia instructs Pakistani pilgrims to receive polio vaccination at least four weeks before departure, says state media 
  • Development takes place amid surge in polio cases in recent months, with Pakistan reporting 73 infection cases last year 

ISLAMABAD: Saudi Arabia’s General Authority of Civil Aviation (GACA) has made it mandatory for Umrah pilgrims from Pakistan to receive polio vaccination before traveling to the Kingdom for the spiritual pilgrimage, state broadcaster Radio Pakistan reported this week. 

The development takes place amid a surge in poliovirus cases in Pakistan in recent months, with the South Asian country reporting 73 cases last year and only one this year. Polio is a paralyzing disease with no cure and to ensure immunity, health experts say it is crucial that all children under five complete the oral polio vaccine series.

According to Radio Pakistan, GACA has issued a letter directing Umrah pilgrims from Pakistan to receive polio vaccination at least four weeks before their departure and to carry the vaccination certificate with them. 

“The vaccination should not be more than six months old at the time of departure,” the state broadcaster said. 

The Pakistani state media said Umrah pilgrims and relevant institutions have been asked to “strictly implement” this condition to avoid offloading of pilgrims from the plane.

Pakistan has said it vaccinated over 45 million children in its first anti-polio vaccination campaign of the year conducted last week from Feb. 3-9. 

Pakistan and Afghanistan are the last two countries where polio remains endemic. In the early 1990s, Pakistan reported around 20,000 cases annually but in 2018 the number dropped to eight cases.

Pakistan’s polio program began in 1994, but efforts to eradicate the virus have been hampered by vaccine misinformation, opposition from some religious hard-liners who view immunization as a foreign plot, and frequent attacks on polio vaccination teams by militant groups.


Review clears Uruguay, Pakistan and Uganda challenge WADA anti-doping listings

Review clears Uruguay, Pakistan and Uganda challenge WADA anti-doping listings
Updated 14 min 58 sec ago
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Review clears Uruguay, Pakistan and Uganda challenge WADA anti-doping listings

Review clears Uruguay, Pakistan and Uganda challenge WADA anti-doping listings
  • All three were put on WADA’s watchlist in September 2024 over “outstanding non-conformities” to updated anti-doping code
  • Sanctions bar non-compliant nations or organizations from hosting major sporting events, flying their flag at sporting events

Montreal: The World Anti-Doping Agency announced Friday that a review committee recommended the removal of Uruguay from its compliance watchlist, while Pakistan and Uganda vowed to fight accusations of code violations.

All three were put on WADA’s watchlist in September 2024 over “outstanding non-conformities” to the agency’s updated anti-doping code.

Some of the states’ legislation was also alleged to be in conflict with those rules.

In a statement, WADA said Uruguay’s national anti-doping organization provided information and documentation that showed “critical corrective actions had now been corrected in full.”

As such, the agency’s Compliance Review Committee recommended the withdrawal of a notice of non-compliance against Uruguay.

If the Executive Committee agrees, there would be no sanctions applied to Uruguay.

The Olympic committees of Pakistan and Uganda, meanwhile, notified WADA they plan to “dispute the allegations of non-compliance against them, as well as the proposed consequences, and the conditions of reinstatement,” the global anti-doping body said.

The two cases would be referred to the Court of Arbitration for Sport for consideration “in due course.”

No penalties will be imposed until the court rules.

There are currently four signatories to WADA’s code that are non-compliant: Cameroon and Russia, the International Federation of Basque Pelota and the International Fitness and Bodybuilding Federation.

Sanctions bar non-compliant nations or organizations from hosting major sporting events and from flying their flag at sporting events.


Pakistan says has ‘close interaction’ with Saudi Arabia, UAE in minerals and mining sectors

Pakistan says has ‘close interaction’ with Saudi Arabia, UAE in minerals and mining sectors
Updated 26 min 8 sec ago
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Pakistan says has ‘close interaction’ with Saudi Arabia, UAE in minerals and mining sectors

Pakistan says has ‘close interaction’ with Saudi Arabia, UAE in minerals and mining sectors
  • Pakistan’s landscape is a treasure trove of diverse mineral deposits from coal reserves to gold and copper deposits and gemstones
  • Islamabad has expedited efforts in recent months to exploit this untapped mineral potential to speed up Pakistan’s economic growth

ISLAMABAD: Prime Minister Shehbaz Sharif said on Monday that Pakistan was having a “very close interaction” with Saudi Arabia and the United Arab Emirates (UAE) in minerals and mining sectors, amid Islamabad’s efforts to focus on key sectors to boost the country’s economy.
Pakistan’s landscape is a treasure trove of diverse mineral deposits from huge coal reserves in the southern Sindh province to gold and copper deposits in the southwestern Balochistan province. The northwestern Khyber Pakhtunkhwa province is home to several gemstone mines, including emerald mines in Swat, Mardan’s pink topaz mines, and peridot mines in Kohistan.
Petroleum Minister Musadik Malik said last month Pakistan and Saudi Arabia were in “advanced” stages of talks relating to investment in Reko Diq copper and gold mine, one of the world’s largest underdeveloped copper-gold mines, in Balochistan, with Saudi Arabia reportedly offering Pakistan a 15 percent investment stake in the project. The UAE, a key development and investment partner of Pakistan, has also recently expressed its “keen interest” in collaborating with Pakistan in mining, minerals and agriculture sectors, according to PM Sharif’s office.
While this huge mineral potential has remained largely unexplored, Pakistan has expedited efforts in recent months to exploit this untapped potential to speed up its economic growth.
“Mines and minerals, which is generally a G2G [government-to-government] corridor, in this, we are having a very close interaction with the UAE [United Arab Emirates] and Saudi Arabia,” PM Sharif told a group of Pakistani businessmen and investors in Dubai.
Sharif is currently in the UAE to attend the World Governments Summit (WGS) on Feb. 10-11, which brings together a large number of heads of state/government, global policymakers, and leading private sector figures to discuss the future of governance, innovation and international cooperation. This will be Sharif’s second visit to the UAE since assuming office in March last year.
His statement follows remarks by Petroleum Minister Malik, in which he said Pakistan and Saudi Arabia had done all the requisite homework with regard to a “very large asset.”
“Both sides have come up with valuation frameworks, the valuation ranges are in place, and both of the teams are empowered now to negotiate, and right now, we are under non-disclosure. So, I can’t give you the details, but suffice to say that we are expecting very big announcements very soon,” he said, on the sidelines of Future Minerals Forum (FMF) in Riyadh last month.
Reuters reported that Saudi Arabian mining company Manara Minerals could invest in Pakistan’s Reko Diq mine in the next two quarters, citing the Pakistani petroleum minister.
Saudi Arabia is the largest source of remittances to Pakistan, which were recorded at $728.3 million in January, and a key ally, whereas Pakistani policymakers consider the UAE an optimal export destination due to its geographical proximity, which minimizes transportation and freight costs while facilitating commercial transactions.
Pakistan, faced with a prolonged economic crisis, last year also signed several agreements worth $2.8 billion and $3 billion with Saudi Arabia and the UAE, respectively.


Indian Ocean should not be ‘rivalry playground,’ Pakistan says at Aman-25 naval exercise

Indian Ocean should not be ‘rivalry playground,’ Pakistan says at Aman-25 naval exercise
Updated 10 February 2025
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Indian Ocean should not be ‘rivalry playground,’ Pakistan says at Aman-25 naval exercise

Indian Ocean should not be ‘rivalry playground,’ Pakistan says at Aman-25 naval exercise
  • The Indian Ocean, which represents crossroads of global oil markets, has been the site of geopolitical competition between major powers
  • Pakistan Planning Minister Ahsan Iqbal says Islamabad prefers collaboration over confrontation and trade over tensions in the Indian Ocean

KARACHI: Pakistan’s Planning Minister Ahsan Iqbal said on Monday that the India Ocean should not be made a “rivalry playground” and it should rather serve as a “center of opportunities” for all nations as he addressed the concluding session of the AMAN Dialogue at the AMAN-2025 naval exercise in Karachi.
The Indian Ocean, which represents the crossroads of global oil markets, has been the site of geopolitical competition between major powers, including India, China and the United States, which involve economic, military, and political factors.
The US has expanded defense ties with India in recent years and frequently conducted Freedom of Navigation Operations (FONOPS) in the Indian Ocean, especially in areas around India, as part of its strategic partnership with the country, in a bid to counter China’s growing maritime assertiveness in the region.
China, which commands the world’s largest naval force with more than 370 ships, has developed ports and bases across the Indian Ocean, including in Gwadar in Pakistan, Sri Lanka’s Hambantota, and Djibouti in Africa, to promote its trade interests.
“Pakistan prefers collaboration over confrontation and trade over tensions,” Iqbal said at the concluding session of the AMAN Dialogue. “Indian Ocean should not be the center of tensions and strategic contention, rather it should be a center of opportunities and shared progress.”
The dialogue, hosted by Pakistan on Feb. 9-10 as part of AMAN-2025 naval exercise, focused on security challenges in the Indian Ocean, including strategic competition, piracy, narco-trafficking, non-state actors, resource exploitation, climate change, emerging technologies such as AI and unmanned systems, the blue economy and the need for global collaboration to ensure stability and prosperity.
It brought together chiefs of navies, coast guards and defense forces from several nations, with an aim to provide them an opportunity to exchange views on global and regional security and adopt innovative solutions.
Iqbal called the AMAN Dialogue an example of mutual trust and shared prosperity, which signified Pakistan’s commitment toward peaceful maritime sector. He hoped that relations forged at the forum would turn into longstanding partnerships for the betterment of global maritime sector and yield results in shared progress.
Pakistan Navy has conducted the AMAN maritime exercise every two years since 2007 under the theme “Together for Peace,” involving ships, aircraft and special operations forces. Naval troops and special forces from more than 60 countries have been taking part in this year’s exercise, being held on Feb. 7-11.


Saudi Arabia remains top contributor as Pakistan remittances increase 25.2% year-on-year

Saudi Arabia remains top contributor as Pakistan remittances increase 25.2% year-on-year
Updated 10 February 2025
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Saudi Arabia remains top contributor as Pakistan remittances increase 25.2% year-on-year

Saudi Arabia remains top contributor as Pakistan remittances increase 25.2% year-on-year
  • Kingdom contributed $728.3 million to total inflows of $3 billion to the South Asian nation last month
  • Remittances are vital to Pakistan, which has seen its foreign exchange reserves plummet to low levels

ISLAMABAD: Saudi Arabia remained the largest source of workers’ remittances to Pakistan that rose by 25.2% in January, Pakistan’s central bank said on Monday, with Riyadh contributing $728.3 million in inflows to the South Asian nation.
The Kingdom is a key destination for Pakistani workers, whose remittances are vital to Pakistan’s economy amid an ongoing economic crisis that has seen its foreign exchange reserves plummet to low levels and its currency weaken against the US dollar, forcing it to seek financial assistance from global lenders and friendly countries.
Workers’ remittances recorded an inflow of $3 billion in the month of January, according to the Pakistani central bank.
“Remittances inflows during January 2025 were mainly sourced from Saudi Arabia ($728.3 million), United Arab Emirates ($621.7 million), United Kingdom ($443.6 million) and United States of America ($298.5 million),” the State Bank of Pakistan said in a statement.
Cumulatively, the SBP said, workers’ remittances recorded an inflow of $20.8 billion from July 2024 till January 2025, compared to $15.8 billion during the same period in the previous year, depicting a growth of 31.7%.
In December 2024, Pakistan’s remittances clocked in at $3.1 billion, marking a 29.3% year-on-year growth.
The South Asian country, which secured a $7 billion International Monetary Fund (IMF) facility last September, is navigating a tricky path to economic recovery and this surge in remittances is considered vital to stabilizing the country’s foreign exchange reserves.