Sindh CM and Musadik Malik emphasize innovation, youth, and climate readiness
KARACHI – November 5, 2025: In a major development for Pakistan’s technology sector, Federal Finance Minister Senator Muhammad Aurangzeb announced that Google will open an office in Pakistan, marking a milestone in the country’s bid to become a regional information technology hub.
Speaking at the Karachi Chamber of Commerce, Aurangzeb said Google executives, during a recent meeting in Islamabad, had shown a strong commitment to helping Pakistan develop a sustainable digital ecosystem.
“They want to make Pakistan an IT hub,” he stated, adding that the initiative reflects growing international confidence in Pakistan’s economy.
Pakistan’s economy ‘sound and stable’
The finance minister said Pakistan’s economy is now “sound and moving in the right direction,” with global rating agencies acknowledging the country’s macroeconomic improvements.
Aurangzeb highlighted that over the last 18 months, the government has introduced reforms across taxation, energy, SOEs, privatization, and public finance, which have started yielding results.
He revealed that 900,000 new tax filers have joined the system, reflecting progress in economic formalization, and emphasized that private sector participation remains vital to sustainable growth.
$14.5 million digital investment and AI focus
Aurangzeb disclosed that a $14.5 million investment is flowing into Pakistan, sending a clear message to stakeholders to “stay together” for continued progress.
He stressed the importance of building an AI-driven ecosystem, asserting that artificial intelligence can help reduce corruption and inefficiency, especially in key industries such as cement, sugar, and tobacco.
“We must create digital infrastructure to support AI-based development,” he said. “Google’s cooperation will be instrumental in this transformation.”
Privatisation and structural reforms
The finance minister confirmed that PIA’s privatization would be completed within the year, while tariff rationalization efforts are underway to align with international standards.
Aurangzeb said that macroeconomic stability should be viewed as “a means to investment, not an end goal.” He added that corporate profits rose by 14% in 2025, proving Pakistan’s potential as an attractive destination for international investors.
Leadership perspectives: innovation, climate, and youth
Federal Minister for Climate Change Dr. Musadik Malik also addressed the Future Summit, emphasizing the need for clear national goals and empowered local governance.
“If we do not know where we are going, we cannot reach the destination,” he said, warning that smog reduces the lifespan of Punjab’s citizens by several years.
He called for a level-playing field for innovation and competition, free from elite capture and monopolies.
Sindh CM underscores Karachi’s economic role
Sindh Chief Minister Murad Ali Shah described Karachi as the heartbeat of Pakistan’s economy, contributing nearly 50% of national exports.
Highlighting youth potential with 60% of the province’s population under 30 he announced a record Rs 523.7 billion allocation for education in the upcoming budget.
“The era of reaction is over; now is the era of proactive governance,” he remarked, urging partnership, trust, and accountability to drive Pakistan’s future.