Saudi-led DCO secretary-general praises Pakistan’s potential for technological advancement— FO 

Pakistan's Foreign Minister Ishaq Dar (right) meets Digital Cooperation Organization’s (DCO) Secretary-General Deemah AlYahya at sidelines of World Economic Forum meeting in Riyadh, Saudi Arabia on April 28, 2024. (MOFA)
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Updated 29 April 2024
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Saudi-led DCO secretary-general praises Pakistan’s potential for technological advancement— FO 

  • Digital Cooperation Organization’s secretary-general meets Pakistan’s Deputy PM, Foreign Minister Ishaq Dar in Riyadh
  • DCO is an inter-governmental organization dedicated to achieving social prosperity and growth of digital economies

ISLAMABAD: Deemah AlYahya, the secretary-general of the Saudi Arabia-led Digital Cooperation Organization (DCO) praised Pakistan’s “great potential” for technological advancement and digital transformation of its economy, Pakistan’s foreign office said on Sunday. 

The foreign office’s statement came after AlYahya called on Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar at the sidelines of the World Economic Forum’s Special Meeting in Riyadh on Sunday. 

The DCO is an inter-governmental body established in 2020 dedicated to achieve social prosperity and growth of digital economies. The DCO aims to achieve this by unifying member states’ efforts to advance digital transformation and promote their common interests. DCO member states include Pakistan, Qatar, Saudi Arabia, Rwanda, Kuwait, Morocco, Nigeria, Oman, The Gambia, Ghana, Greece, Jordan, Bahrain, Bangladesh, Cyprus and Djibouti. 

AlYahya is a Saudi digital economy expert and the founding secretary-general of the organization since her election to the post in April 2021. As DCO secretary-general, AlYahya is responsible for connecting heads of state, government ministers and private sector digital economy leaders to bridge the digital gap in member states. 

“During the meeting, the SG recounted her successful visit to Pakistan earlier this month and appreciated Pakistan’s great potential for technological advancement and digital transformation of its economy,” Pakistan’s Ministry of Foreign Affairs (MoFA) said. 

It added that Dar and AlYahya affirmed their resolve to continue collaboration and cooperation for the economic development and digital transformation of Pakistan, Saudi Arabia and other DCO member states. 

“She emphasized that as founding member of DCO, Pakistan brings great value to the organization and has a significant role to play in its rise and progress,” MoFA stated. 

The two also discussed cooperation to bridge the digital divide and promote financial inclusion through digital economy, particularly for women and young people.

Dar stressed the need for DCO member states to achieve their capabilities in emerging technologies in the fast-evolving tech landscape, the statement said. “In this connection, he appreciated DCO for providing the suitable platform to its member states for their digital advancement,” the statement said. 

AlYahya separately posted about her “great meeting” with Dar on the social media platform X. 

“With 64 percent of the population below 30 years old, many of whom are actively involved in the freelance industry, it is critical to ensure we undertake all collaborative efforts that will enable an ecosystem which lets the youth thrive and prosper in the new digital landscape,” she wrote on X. 


Pakistan, ADB sign $730 loan agreements to boost SOE reforms, energy infrastructure

Updated 25 December 2025
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Pakistan, ADB sign $730 loan agreements to boost SOE reforms, energy infrastructure

  • Both sign $330 million Power Transmission Strengthening Project and $400 million SOE Transformation Program loan agreements
  • Economic Affairs Division official says Transmission Project will secure Pakistan’s energy future by strengthening national grid’s backbone

KARACHI: Pakistan and the Asian Development Bank (ADB) on Thursday signed two loan agreements totaling $730 million to boost reforms in state-owned enterprises (SOEs) and energy infrastructure in the country, the bank said.

The first of the two agreements pertains to the SOE Transformation Program worth $400 million while the second loan, worth $330 million, is for a Power Transmission Strengthening Project, the lender said. 

The agreements were signed by ADB Country Director for Pakistan Emma Fan and Pakistan’s Secretary of Economic Affairs Division Humair Karim. 

“The agreements demonstrate ADB’s enduring commitment to supporting sustainable and inclusive economic growth in Pakistan,” the ADB said. 

Pakistan’s SOEs have incurred losses worth billions of dollars over the years due to financial mismanagement and corruption. These entities, including the country’s national airline Pakistan International Airlines, which was sold to a private group this week, have relied on subsequent government bailouts over the years to operate.

The ADB approved the $400 million loan for SOE reforms on Dec. 12. It said the program seeks to improve governance and optimize the performance of Pakistan’s commercial SOEs. 

Karim highlighted that the Power Transmission Strengthening Project will enable reliable evacuation of 2,300 MW from Pakistan’s upcoming hydropower projects, relieve overloading of existing transmission lines and enhance resilience under contingency conditions, the Press Information Department (PID) said. 

“The Secretary emphasized that both initiatives are transformative in nature as the Transmission Project will secure Pakistan’s energy future by strengthening the backbone of the national grid whereas the SOE Program will enhance transparency, efficiency and sustainability of state-owned enterprises nationwide,” the PID said. 

The ADB has supported reforms by Pakistan to strengthen its public finance and social protection systems. It has also undertaken programs in the country to help with post-flood reconstruction, improve food security and social and human capital. 

To date, ADB says it has committed 764 public sector loans, grants and technical assistance totaling $43.4 billion to Pakistan.