Umar Saif heads to Saudi Arabia for talks on tech sector funding

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Caretaker Info Know-how Minister Umar Saif on Saturday left for an official go to to Saudi Arabia to debate job alternatives for expert Pakistanis within the kingdom’s thriving IT sector.

“Taking Pakistan’s delegation of IT firms to KSA. InshAllah this can end in investments in Pakistan and massive enterprise for Pakistani IT firms in Saudi Arabia,” the minister wrote on X.

Throughout his go to, Umar Saif will get an replace on a $100 million Saudi-Pakistan Tech Home undertaking introduced earlier this yr.

The undertaking goals to foster a strategic partnership between IT corporations and enterprises primarily based within the two international locations. It was first talked about by Prince Fahad bin Mansour at Future Fest 2023, organized in Pakistan in January.

Earlier, Umar Saif stated that talks have been underway with each PayPal and Stripe relating to providing providers within the nation.

Speaking to media, the IT minister stated that authorities intends to persuade PayPal to supply service via a 3rd celebration in Pakistan on comparable traces to Egypt the place PayPal provides its providers via a 3rd celebration.

He stated that the ministry has requested PayPal to permit Pakistani freelancers to convey cash to Pakistan via a one-way service. “Talks might be held with PayPal on this regard in per week’s time,” he stated.

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