TechnologyQuick read

Govt to speed up AI adoption through national initiative

Mettis Global • • 1 min read

Govt to speed up AI adoption through national initiative

Pakistan is setting up a national framework to expand artificial intelligence, with $1bn designated for investment in the field by 2030, Mettis Global reported on October 27. The plan covers digital infrastructure, skills, research, new businesses, funding and safeguards for responsible AI. The government is also pursuing a separate initiative focused on wider use of AI and practical expertise.

In parliament, Deputy Prime Minister Ishaq Dar said Pakistan had signed the founding document of the China-led World AI Cooperation Organization. Around 50 members have joined, its headquarters will be in Shanghai, and its inaugural council session is expected in mid-December. Separately, the power minister said targeted electricity subsidies are being prepared, the protected-consumer limit could rise to 250 units, and circular debt is around Rs1.6tr.

The government also said it was working with Islamabad’s administration to reopen the Sunday Bazaar at Peshawar Mor, where growers can sell produce directly to consumers. These announcements were made during parliamentary proceedings, which are due to resume on Thursday.

At a glance

  • The government has earmarked $1bn for AI-sector investment by 2030.
  • Pakistan signed the founding document of the China-led World AI Cooperation Organization.
  • Power officials outlined targeted subsidies and a possible 250-unit protected-consumer limit.

Originally reported by Mettis Global

This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.

Read the full story

Want the full article here?

Log in to read the full article in the Investify reader, in English or Urdu.

Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit the source so you can read the full report and verify the details before making financial decisions.

Built for PSX investors

Your market watch, portfolio and news desk in one app.

Follow live PSX prices, track holdings, read business news, and keep your watchlist close before the market moves.

Investify app live PSX stock list on iPhone