ISLAMABAD: Pakistan’s Minister for Commerce and Industries Dr. Gohar Ejaz, held a meeting with a high-profile United States (US) delegation at his ministry on Monday.
The primary goal of the meeting was to explore opportunities for increased investment in Pakistan’s rapidly growing Electric Vehicle (EV), semiconductor, and Artificial Intelligence (AI) sectors, particularly by engaging the Pakistani diaspora, according to a press release issued by the ministry.
During the meeting, Dr. Ejaz reaffirmed his commitment to attracting investors for Pakistan’s economic progress. He highlighted the significance of the Pakistani diaspora in the US as a valuable asset to the nation and stressed the need to engage them in Pakistan’s economic development.
Dr. Ejaz stated, “Our top priority is Information Technology, and the Pakistani diaspora in the US is a valuable asset. We are determined to take all necessary measures to encourage our talented Pakistani diaspora in the US to return and contribute to Pakistan’s growth. I am fully committed to this endeavor, as was also emphasized by Ambassador Blome.”
Pakistan Advancing Electric Vehicle Sector
The discussions led by the US delegation centered on advancing the future of Artificial Intelligence (AI), exploring its versatile applications, and formulating a comprehensive national AI policy. The delegation also deliberated on Pakistan’s potential to embrace the electric vehicle (EV) revolution, considering the country’s current ownership of fewer than 6,000 EVs and a limited number of charging stations.
A key point of discussion was the development of indigenous EV solutions in Pakistan, with suggestions for duty concessions to incentivize Research and Development (R&D) efforts. The delegation also emphasized the importance of a robust National Semiconductor Policy and the urgent need for an AI Policy to guide the growth of these sectors.
Furthermore, the conversation touched upon the necessity of a National Data Management Policy, crucial for safeguarding sensitive data and fostering an environment conducive to innovation.
Dr. Gohar Ejaz commended the collaborative spirit demonstrated during the meeting and acknowledged the shared vision between Pakistan and the United States in advancing the fields of EVs, semiconductors, and AI. These discussions mark a significant stride toward unlocking the full potential of these sectors and strengthening economic ties between the two nations.
