Pakistan needs Sputnik moment to boost technology sector

Pakistan needs to grow its technology sector and have sputnik moment different than Dubai Inc's model.The technology sector is the brightest opportunity for Pakistan which is evident from the fact that over the past 12 months, Pakistani technology startups have raised more than $100 million in venture funding.

In the first quarter of 2021, venture funding has more than doubled compared to the same period last year.

Pakistan is second only to Saudi Arabia in terms of capital raised in the Menap (Middle East, North Africa and Pakistan) region. Pakistan’s IT exports have increased 45 per cent to $1.5 billion in this fiscal year so far.