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

  • 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.


Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

Updated 05 December 2025
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Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

  • Pakistani officials, Binance team discuss coordination between Islamabad, local banks and global exchanges
  • Pakistan has attempted to tap into growing crypto market to curb illicit transactions, improve oversight

ISLAMABAD: Pakistan’s finance officials and the team of a global cryptocurrency exchange on Friday held discussions aimed at modernizing the country’s digital payments system and building local talent pipelines to meet rising demand for blockchain and Web3 skills, the finance ministry said.

The development took place during a high-level meeting between Finance Minister Muhammad Aurangzeb, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib, domestic bank presidents and a Binance team led by Global CEO Richard Teng. The meeting was held to advance work on Pakistan’s National Digital Asset Framework, a regulatory setup to govern Pakistan’s digital assets.

Pakistan has been moving to regulate its fast-growing crypto and digital assets market by bringing virtual asset service providers (VASPs) under a formal licensing regime. Officials say the push is aimed at curbing illicit transactions, improving oversight, and encouraging innovation in blockchain-based financial services.

“Participants reviewed opportunities to modernize Pakistan’s digital payments landscape, noting that blockchain-based systems could significantly reduce costs from the country’s $38 billion annual remittance flows,” the finance ministry said in a statement. 

“Discussions also emphasized building local talent pipelines to meet rising global demand for blockchain and Web3 skills, creating high-value employment prospects for Pakistani youth.”

Blockchain is a type of digital database that is shared, transparent and tamper-resistant. Instead of being stored on one computer, the data is kept on a distributed network of computers, making it very hard to alter or hack.

Web3 refers to the next generation of the Internet built using blockchain, focusing on giving users more control over their data, identity and digital assets rather than big tech companies controlling it.

Participants of the meeting also discussed sovereign debt tokenization, which is the process of converting a country’s debt such as government bonds, into digital tokens on a blockchain, the ministry said. 

Aurangzeb called for close coordination between the government, domestic banks and global exchanges to modernize Pakistan’s payment landscape.

Participants of the meeting also discussed considering a “time-bound amnesty” to encourage users to move assets onto regulated platforms, stressing the need for stronger verifications and a risk-mitigation system.

Pakistan has attempted in recent months to tap into the country’s growing crypto market, crack down on money laundering and terror financing, and promote responsible innovation — a move analysts say could bring an estimated $25 billion in virtual assets into the tax net.

In September, Islamabad invited international crypto exchanges and other VASPs to apply for licenses to operate in the country, a step aimed at formalizing and regulating its fast-growing digital market.