The largest tech conference and expo in Pakistan, Future Fest 2023, will be held from January 6–8 at the Expo Lahore. According to a press release from the event’s organizers, a “historic” delegation of Saudi startups and venture capitalists will attend to meet with Pakistani businesses and important stakeholders to discuss investments, partnerships, acquisitions, and talent recruitment.
What is Future Fest?
Future Fest 2023 is a 3-day event that will bring together executives from more than 40 sectors to promote conversation on the future of life itself. It is dedicated to harnessing technology to pave the road for Pakistan’s future. The most crucial issues of the day and how technology may help #SaveTheFuture will be discussed by business executives, legislators, investors, think leaders, and innovators.
The world’s top businesses, including Binance, Epic, KuCoin, Google Developers, Payoneer, Careem, Swvl, and S&P Global, supported the event last year for the first time in Pakistan together with 200 partners/sponsors.
Pakistan being recognized for its Tech resources
The festival will be held at the Expo Centre Lahore with the support of the Punjab Information Technology Board (PITB), its official partner. 500 startups, 200 exhibitors, 50,000 guests, and 300 international speakers from diverse countries are anticipated.
The Saudi IT environment is developing quickly. Pakistan has the startups and skills to support this development. The team is excited to serve as this connection’s spark at Future Fest 2023 and to establish a venue for more cooperation and progress, as well as a new facet to the long-standing historical tie between Pakistan and the Kingdom of Saudi Arabia. the CEO of Future Fest, Arzish Azam, stated.
According to DCO Secretary-General Deemah AlYahya, the digital economy has recently grown at an unprecedented rate and is now becoming the foundation of our society. This growth has been fueled by innovation and technology. Pakistan is a founding member of the DCO, and by taking steps like enabling Future Fest, the DCO is bolstering the strong relationship we already have with Pakistan in order to bring prosperity to everyone.
According to the experts’ findings, the ICT sector size is expected to reach $20 billion by 2025 in compliance with Pakistan Vision 2025 and the Digital Policy of Pakistan 2018. Without a question, the nation has survived the deadly strains of the Covid-19 epidemic and has come out stronger as a result of the trying 1.5 years. Together, with the Pakistani government, the ICT industry and regulator served as enablers, making it easier to control Covid-19 and promote economic growth.
According to statistics, the nation’s IT industry exports goods and services to more than 120 nations, including some of the biggest companies in the world. Additionally, it is noted that the IT export remittances declined by 0.3% in the first quarter of the current fiscal year 2022–23 and stayed at $633 million, as opposed to $635 million in the corresponding period of the previous fiscal year.
Stay tuned to Brandsynario for the latest news and udpates.