Pakistan aims to produce 1 million AI-trained IT graduates by 2027
Just days after announcing that cryptocurrencies would “never be legalized” in the country, Pakistan’s Ministry of IT & Telecommunications devised a policy to spur the growth of artificial intelligence (AI).
With national AI policyPakistan aims to develop into a knowledge-based economy by increasing human capital in AI and related technologies among other investments and initiatives.
National AI Policy Draft (https://t.co/pZ516dmP8R)#MOITT believes in an inclusive approach to effective policy making. Please share your feedback via email (firstname.lastname@example.org) so that the draft policy is updated in the best interest of Pakistani citizens. pic.twitter.com/afbkyNuG11
— Ministry of IT & Telecommunications (@MoitOfficial) May 22, 2023
The policy framework demonstrates Pakistan’s desire to integrate AI for public and national betterment. The country has set 15 targets spanning from 2023 to 2028. To support this initiative, Pakistan intends to establish a National AI Fund using the “underutilized resources and funds” of the Ministry of IT & Telecommunications.
A snippet of Pakistan’s national AI policy draft. Source: moitt.gov.pk
Some of the intended use cases for AI in Pakistan include predicting the weather, optimizing agricultural supply chains, and transforming healthcare.
The Government of Pakistan has taken an inclusive approach to establishing its AI policy as it remains open for feedback from the general public till 16 June 2023.
Related: Pakistani banks approve development of blockchain-based KYC system
The main reason for banning cryptocurrencies in Pakistan is because of the requirements set by the Financial Action Task Force (FATF). In return, the country remains excluded from the FATF gray list.
Officials have destroyed Pakistan in the name #FATF & #IMF. Whatever happens in this country, officials say, is the fault of the IMF or FATF.
May ALLAH soften their hearts for the country and common people. Amen pic.twitter.com/ymHJ2sqbb6
— Crypto Pakistan (@Crypto_Pakistan) May 17, 2023
As Cointelegraph previously reported, while the FATF does not have the authority to impose sanctions on non-compliant countries, it is likely to influence the policies of governments and companies around the world.
By complying with the FATF, Pakistan has a higher probability of getting a bailout from the International Monetary Fund.
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