logo
Call to deepen digital city partnership under CPEC

Call to deepen digital city partnership under CPEC

Express Tribune12 hours ago
Listen to article
"The theme of our conference, build a digitally friendly city, highlights the harmonious coexistence between people and technology in the city, which is what we often call people-oriented in the digital age. We also highly agree with this in Pakistan's national development strategy," said Aslam Chaudhary, Economic Minister at Pakistan Embassy's Economic Wing.
In his speech at the ongoing Global Digital Economy Conference in Beijing on July 2, the minister pointed out that building digitally friendly cities is not just about technology, but also about creating an environment where all citizens, whether urban or rural, could use safe and reliable digital technologies.
Given this, Pakistan is fulfilling its national commitment to continuously expand the scope of digital economy services and try to cover every remotest area. Nowadays, the Pakistani government has established an inclusive service fund to strengthen the information and communication technology (ICT) infrastructure and under the framework of the Six One One Foundation, the fund is playing its role.
"Through this, we have laid optical cables in large areas of the country, connecting about 22,000 villages," Chaudhary said. "By building digital-friendly cities, different cities are able to recognise each other's data standards. At the same time, cooperation agreements between countries are an indispensable boost to the digitalisation of developing countries."
In April, the Secretary-General of the Riyadh-based Digital Cooperation Organisation (DCO), Deemah AlYahya, noted that Pakistan's forthcoming presidency of the multilateral body is part of ongoing efforts to position the country as a regional and global digital leader.
Pakistan is scheduled to assume the DCO presidency in 2026, following Kuwait's term in 2025.
"The 2026 presidency will see Pakistan hosting the Digital Future Development Initiative (DFDI) forum in Islamabad, marking a significant step in the country's digital transformation journey."
"On this occasion, I am going to have three major initiatives," the minister stressed. "First, strengthen cross-border data flows and interoperability. We are establishing a cross-border data flow norm under the South-South cooperation framework. Second, inclusive digital technology development is essential, including in the fields of agriculture, medical and healthcare. Third, we need to conduct joint training of digital talents. Through the China-Pakistan Economic Corridor (CPEC) framework, the two countries have signed a talent training agreement. There is high urgency for digital talent training in Pakistan."
Chaudhary listed cloud computing, flood warning, climate change, smart cities and other areas where China and Pakistan can achieve in-depth cooperation and suggested establishing a Digital Friendly City Innovation Centre with branches in Beijing, Islamabad and Karachi so that different branches can carry out a series of joint pilot projects.
"We're seeing that Beijing is accelerating the construction of a global digital economy benchmark city and exploring the construction of a Digital Silk Road pilot zone. Pakistan is willing to work with China and all other partners around the globe to turn vision into tangible digital reality," he added.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Rupee lowers against US dollar
Rupee lowers against US dollar

Business Recorder

time2 hours ago

  • Business Recorder

Rupee lowers against US dollar

The Pakistani rupee weakened against the US dollar, depreciating 0.04% in the interbank market on Friday. At close, the currency settled at 283.97, a loss of Re0.11. On Thursday, the currency settled at 283.86. Internationally, the US dollar held gains on Friday after President Donald Trump got his signature tax cut bill across the final hurdle and pressure mounted on countries to secure trade deals with the United States. The greenback rallied from multi-year lows against the euro and British pound hit earlier in the week after stronger than expected US jobs data pushed out the timing for potential rate cuts by the Federal Reserve. New Zealand's kiwi dollar, a common proxy for risk appetite, rose 0.2% to $0.608 after U.S. stocks climbed to new record levels. The Republican-controlled House of Representatives narrowly passed Trump's 'One, Big, Beautiful Bill' of spending and tax cuts that is estimated to add $3.4 trillion to the nation's $36.2 trillion debt. With the US closed for Independence Day, attention turns to Trump's July 9 deadline when sweeping tariffs take effect on countries like Japan that have not yet secured trade agreements. The US dollar index, which tracks the greenback against major peers, had its worst first half since 1973 as Trump's chaotic roll-out of sweeping tariffs stoked concerns about the U.S. economy and the safety of Treasuries. Oil prices, a key indicator of currency parity, were little changed on Friday as a solid job market bolstered the case for the US Federal Reserve keeping interest rates on hold, with investors also awaiting clarity on President Donald Trump's plans for tariffs on various countries. Brent crude futures rose 1 cent, or 0.01%, to $68.81 a barrel by 0036 GMT, while U.S. West Texas Intermediate crude firmed 3 cents, or 0.04%, to $67.03. Trade was thinned by the US Independence Day holiday.

Palm logs weekly gain despite weakness in rival oils, profit taking
Palm logs weekly gain despite weakness in rival oils, profit taking

Business Recorder

time3 hours ago

  • Business Recorder

Palm logs weekly gain despite weakness in rival oils, profit taking

KUALA LUMPUR: Malaysian palm oil futures closed lower on Friday, weighed by weaker rival edible oils at the Chicago and Dalian markets and by profit booking, though the contract still managed to post its seventh weekly gain in eight. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange slid 29 ringgit, or 0.71%, to 4,062 ringgit ($963.02) a metric ton at the close. The contract rose 1.27% this week. Crude palm oil prices were lower, tracking weakness in soybean oil and Dalian palm olein prices, said David Ng, a proprietary trader at Kuala Lumpur-based trading firm Iceberg X Sdn Bhd. 'Profit-taking activities after the recent price rally also affected the market,' he added. Dalian's most-active soyoil contract fell 0.95%, while its palm oil contract shed 0.07%. Soyoil prices on the Chicago Board of Trade lost 0.96%. Palm oil tracks the price movements of rival edible oils as it competes for a share of the global vegetable oils market. Palm up as strong Dalian oils counter weak crude, Chicago soyoil Oil futures fell slightly after Iran reaffirmed its commitment to nuclear non-proliferation, while major producers from the OPEC+ group are set to agree to raise their output this weekend. Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. The ringgit, palm's currency of trade, strengthened 0.05% against the dollar, making the commodity slightly expensive for buyers holding foreign currencies. Malaysia's palm oil inventories likely dropped for the first time in four months in June as production fell unexpectedly while export demand remained robust for the tropical oil, a Reuters survey showed.

Microsoft Pakistan shuts down operations after 25 years: Why is tech giant leaving the country?
Microsoft Pakistan shuts down operations after 25 years: Why is tech giant leaving the country?

Express Tribune

time5 hours ago

  • Express Tribune

Microsoft Pakistan shuts down operations after 25 years: Why is tech giant leaving the country?

Microsoft has closed its office in Pakistan after 25 years, citing global restructuring and a shift to a cloud-based, partner-led model. The move comes as the tech giant cuts roughly 9,100 jobs worldwide (or about 4% of its workforce) in its largest layoff round since 2023, as reported by The Verge. Microsoft never operated a full commercial base in Pakistan, relying instead on liaison offices focused on enterprise, education, and government clients. Over recent years, much of that work had already shifted to local partners, while licensing and contracts were managed from its European hub in Ireland. Former president Dr Arif Alvi criticised the decision on social media, calling it a 'troubling sign.' He claimed Microsoft once considered Pakistan for expansion, but that instability led the company to choose Vietnam instead by late 2022. 'The opportunity was lost,' he wrote. Microsoft's decision to shut down operations in Pakistan is a troubling sign for our economic future. I vividly recall February 2022, when Bill Gates visited my office. On behalf of the people of Pakistan, I had the honor of conferring the Hilal-e-Imtiaz on him for his remarkable… — Dr. Arif Alvi (@ArifAlvi) July 3, 2025 Jawwad Rehman, Microsoft Pakistan's former founding country manager, said the exit reflected the current business climate. 'Even global giants like Microsoft find it unsustainable to stay,' he posted on LinkedIn. Tech entrepreneur Habibullah Khan noted that Microsoft's revenue from Pakistan was estimated at just $50 million (less than 0.02% of global revenue) and that much of its local staffing had already been scaled down. 'Their relationship with Pakistan was very tenuous,' he wrote on X. While Microsoft will continue serving Pakistani customers through regional teams and partners, the closure underscores the growing pressure on multinationals to streamline overseas operations amid changing global priorities.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store