In the fast-moving world of technology, Pakistan is emerging as a game-changer. With groundbreaking policies, a thriving startup ecosystem, and strategic global partnerships, the country is making waves on the international stage. Recognised as the Tech Destination of the Year at Gitex 2024, Pakistan is not just keeping pace with innovation - but setting new benchmarks. As it takes centre stage at AI Everything Global 2025, Pakistan is ready to showcase its dynamic tech landscape, world-class talent and vision for a digitally empowered future.
A digital nation on the rise
The Digital Nation Pakistan (DNP) Act marks a major leap forward in Pakistan’s digital transformation. Designed to foster innovation, attract investment and boost entrepreneurship, this policy strengthens digital infrastructure, enhances cybersecurity, and supports a knowledge-driven economy. With this bold initiative, Pakistan is positioning itself as a prime destination for global tech players seeking expansion and collaboration.
In parallel, the National AI Policy is in development, laying the foundation for AI-driven advancements across industries. The policy aims to establish innovation centres for AI and IoT, support local startups, and accelerate adoption through partnerships and federal funding.
Islamabad: the global capital of digital FDI
Pakistan is the first country to implement the Digital Foreign Direct Investment Initiative, launched by the World Economic Forum and the Digital Co-operation Organisation. By establishing Islamabad as the Davos of DFDI, Pakistan is pioneering a global model for digital investment, streamlining regulatory frameworks and attracting international tech giants to its shores.
AI and emerging tech
AI is at the forefront of Pakistan’s technological evolution. With strong government backing, private sector investment, and a booming startup culture, Pakistan is driving innovation in AI-powered health care, smart agriculture, and fintech solutions. The country’s AI ecosystem is rapidly expanding to create scalable, impactful technologies with global relevance.
The National Centre of Artificial Intelligence, a network of research labs across Pakistan’s leading universities, has been instrumental in advancing AI applications. NCAI has developed 221 AI products and designs, benefitting key sectors such as smart cities, precision agriculture, healthcare, media monitoring, manufacturing, and the judiciary. Notable initiatives include:
- Medical Imaging and Diagnostic Lab
- Smart City Lab
- Intelligent Transportation Lab
- Intelligent Criminology Lab
With these initiatives, Pakistan’s AI market is projected to grow at an impressive CAGR of 28.66 per cent, further solidifying its position as a regional tech leader.
A thriving startup ecosystem
With more than $800 million raised in venture capital funding in recent years, Pakistan’s startup ecosystem is flourishing. A young, tech-savvy population, combined with forward-thinking policies and increasing investor interest, has given rise to game-changing startups across AI, fintech, edtech, and e-commerce. At AI Everything Global, Pakistan will showcase these groundbreaking ventures, and invite global partners to invest in its high-potential market.
Why Pakistan? The ultimate tech destination
- Strategic location: A gateway to South Asia, the Middle East and Central Asia, offering access to diverse markets.
- World-class talent: More than 600,000 IT professionals and 75,000-plus IT graduates join the workforce annually.
- Proactive policies: Government-backed incentives, special tech zones, and investor-friendly regulations drive business growth.
- Digital infrastructure: Fast-growing broadband access, AI research hubs, and cloud computing advancements.
With progressive policies, world-class research, and a rapidly evolving digital ecosystem, Pakistan is redefining its technological landscape. From AI-driven health care innovations and smart city solutions to next-gen fintech and digital finance, the country is building a future-ready economy. As a rising hub for emerging technologies, Pakistan fosters collaboration between startups, global investors and industry leaders. With a young, tech-savvy workforce and forward-thinking regulations, the nation is primed for unprecedented growth.
At AI Everything Global 2025, the country extends an open invitation to investors, innovators, and tech leaders to be part of its extraordinary journey. Think tech, think Pakistan.
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
More from Neighbourhood Watch:
PRESIDENTS CUP
Draw for Presidents Cup fourball matches on Thursday (Internationals first mention). All times UAE:
02.32am (Thursday): Marc Leishman/Joaquin Niemann v Tiger Woods/Justin Thomas
02.47am (Thursday): Adam Hadwin/Im Sung-jae v Xander Schauffele/Patrick Cantlay
03.02am (Thursday): Adam Scott/An Byeong-hun v Bryson DeChambeau/Tony Finau
03.17am (Thursday): Hideki Matsuyama/CT Pan v Webb Simpson/Patrick Reed
03.32am (Thursday): Abraham Ancer/Louis Oosthuizen v Dustin Johnson/Gary Woodland
FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Global institutions: BlackRock and KKR
US-based BlackRock is the world's largest asset manager, with $5.98 trillion of assets under management as of the end of last year. The New York firm run by Larry Fink provides investment management services to institutional clients and retail investors including governments, sovereign wealth funds, corporations, banks and charitable foundations around the world, through a variety of investment vehicles.
KKR & Co, or Kohlberg Kravis Roberts, is a global private equity and investment firm with around $195 billion of assets as of the end of last year. The New York-based firm, founded by Henry Kravis and George Roberts, invests in multiple alternative asset classes through direct or fund-to-fund investments with a particular focus on infrastructure, technology, healthcare, real estate and energy.
England Test squad
Joe Root (captain), Moeen Ali, James Anderson, Jonny Bairstow (wicketkeeper), Stuart Broad, Jos Buttler, Alastair Cook, Sam Curran, Keaton Jennings, Dawid Malan, Jamie Porter, Adil Rashid, Ben Stokes.
Andor
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AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
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The Lost Letters of William Woolf
Helen Cullen, Graydon House
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
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My Cat Yugoslavia by Pajtim Statovci
Pushkin Press
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Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
UAE currency: the story behind the money in your pockets
MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
