Dubai FinTech Summit to expand into Pakistan in partnership with Digital Authority

Pakistan’s Minister of IT and Telecommunication, Shaza Fatima Khawaja (left) pictured with Chief Executive Officer of DIFC Authority, Arif Amiri, in a picture shared by Pakistan Digital Authority on February 23, 2026. (PDA)
Short Url
Updated 24 February 2026
Follow

Dubai FinTech Summit to expand into Pakistan in partnership with Digital Authority

  • First overseas edition of summit to be held August 18–19 in Pakistan
  • Event expected to draw over 10,000 participants, up to 150 sponsors

KARACHI: Dubai International Financial Center (DIFC) Innovation Hub said this week it will expand the Dubai FinTech Summit to Pakistan for the first time, partnering with the Pakistan Digital Authority (PDA) to host the event on August 18–19, 2026.

The move marks the first international expansion of the UAE-based summit and reflects growing financial and regulatory engagement between the two countries at a time when Pakistan is seeking to scale its digital economy and attract cross-border investment.

Pakistan has seen rising fintech activity over the past two years, with funding reaching $52.5 million in the first half of 2025 and 450 fintech companies collectively raising $391 million in venture capital by late November 2025, according to official data. However, the dominance of cash transactions and infrastructure constraints continue to limit sector-wide digital adoption.

“We are pleased to expand the Dubai FinTech Summit to Pakistan, a rapidly emerging FinTech hub,” Arif Amiri, Chief Executive Officer of DIFC Authority, was quoted as saying in a statement on Monday. 

He said the expansion aimed to strengthen cross-border innovation links between the UAE and South Asia and position Pakistan within the broader global financial technology ecosystem.

Organizers said the Pakistan FinTech Summit is expected to draw more than 10,000 participants and up to 150 sponsors and exhibitors, making it one of the largest financial innovation gatherings held in the country.

Pakistan’s Minister of IT and Telecommunication Shaza Fatima Khawaja said the decision showed international confidence in the country’s digital reform trajectory.

“DIFC’s decision to convene its flagship FinTech platform under the Pakistan brand is a strong signal of global trust in Pakistan’s emerging digital financial ecosystem,” she said.

The Dubai FinTech Summit has helped position Dubai as a top-four ranked global FinTech center under the Global Financial Centers Index, according to the statement. The Pakistan edition is expected to feature investment announcements, regulatory dialogue and startup showcases aimed at strengthening regional financial integration.

Established under the Digital Nation Pakistan Act 2025, the Pakistan Digital Authority serves as the country’s central body for digital policy, data and AI governance, and national digital infrastructure coordination.


Pakistan reviews austerity measures amid Middle East crisis, urges strict nationwide implementation

Updated 11 March 2026
Follow

Pakistan reviews austerity measures amid Middle East crisis, urges strict nationwide implementation

  • Deputy Prime Minister Ishaq Dar chairs review meeting of austerity steps
  • Officials briefed on salary cuts, school closures, four‑day week, petrol conservation

ISLAMABAD: Pakistan’s government on Wednesday assessed progress on a sweeping set of austerity measures introduced to mitigate the country’s economic strain from sharply rising global oil prices and supply disruptions linked to the ongoing war in the Middle East.

Prime Minister Shehbaz Sharif this week announced a series of austerity steps, including a four‑day work week for government offices, requiring 50  percent of staff to work from home, cutting fuel allowances for official vehicles by half, grounding up to 60  percent of the government fleet and closing all schools for two weeks to conserve fuel amid the global oil crisis.

The measures were unveiled in response to global oil market volatility triggered by the conflict involving the United States, Israel and Iran, which has disrupted supply routes such as the Strait of Hormuz and pushed crude prices sharply higher, straining Pakistan’s heavily import‑dependent energy sector.

“The meeting stressed the importance of strict and transparent adherence to the austerity measures, promoting fiscal responsibility and prudent use of public resources,” Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar said in a statement.

He was chairing a meeting of the Committee for Monitoring and Implementation of Conservation and Additional Austerity Measures, constituted under the directions of the PM, bringing together federal and provincial officials to review execution of the broad cost‑cutting plan. 

Dar emphasized the government’s commitment to enforcing the PM’s austerity steps nationwide. The committee’s review also covered reductions in departmental expenditure, deductions from salaries of senior officials earning over Rs. 300,000 ($1,120), and coordination with provincial administrations to ensure uniform implementation of the plan.

Participants at the meeting reiterated that all ministries and divisions must continue strict monitoring and reporting, with transparent oversight mechanisms, as Pakistan navigates the economic pressures from the prolonged Middle East crisis and its fallout on global energy and trade markets.