Tech

Masood Khan: Pakistan on Verge of Becoming South Asian Tech Hub

By Xavier Roxy

April 27, 2024

124

The tech industry in Pakistan has been on an impressive growth trajectory over the past few years, making significant strides in the global market. This was the sentiment echoed by Ambassador Masood Khan during a meeting with CEOs and founders of leading tech startup companies owned by Pakistani-Americans. 
 
"Pakistani tech startups are being supported by the leading US venture capitalists, and our tech-savvy youth is making its mark in the global market with their immense entrepreneurial skills," he said. "We have become an integral part of the region's tech ecosystem and are destined to become a future regional hub." 
 
Among those present at this gathering were representatives from Breshna.io, the American Institute of Artificial Intelligence, Dingman Center Angels, Capitol Technology, SnappRetail, Accenture, and Capital One, among other leading firms. The meeting provided a platform for networking and sharing experiences while opening up opportunities for broader outreach. 
 
Aly Fahad, CEO and Founder of Paklaunch (PL), also participated in this forum. Founded just last year with only seven members initially on board, PL has grown into a vibrant community boasting 350k members comprising investors, professionals, and startups globally. So far, it has assisted 90 startups in raising over $90 million to support these fledgling entities' vision. 
 
Paklaunch envisions transforming Pakistan into one of the top ten global tech ecosystems by 2030. It seeks to achieve this by showcasing Pakistani accomplishments while providing advisory services, training, and fundraising efforts for entrepreneurs, as well as enabling discussions regarding global investment opportunities that include stocks, real estate, and startups, among others. 
 
The participants appreciated Ambassador Masood Khan's initiative to unite them under one roof, offering enhanced networking possibilities and sharing their experiences while broadening their reach even further. 
 
Ambassador Khan paid tribute to Aly Fahad, terming him as being instrumental behind Paklaunch’s meteoric rise and hailing his trailblazing efforts thus far. He referred to Paklaunch as both momentous and consequential, adding that it was a significant initiative to support budding entrepreneurs. 
 
In addition, Ambassador Khan also highlighted the critical role that the Special Investment Facilitation Council plays in promoting foreign investment. He noted that this council is instrumental in advocating for investment, particularly within sectors such as IT, agriculture, energy, and extractive industries. 
 
This meeting underscores Pakistan's commitment to becoming a tech hub in the South Asian region. With an increasing number of Pakistani tech startups gaining recognition and support from leading US venture capitalists, it is clear that Pakistan has enormous potential to make its mark on the global stage. 
 
It is evident through Paklaunch’s inspiring vision and efforts coupled with strong initiatives like those undertaken by Ambassador Masood Khan and the Special Investment Facilitation Council that there exists a robust framework designed not just to foster but catapult growth within Pakistan's burgeoning tech industry, thus transforming it into one of the world's top ten ecosystems over this decade.


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