Just days after announcing that cryptocurrencies will “never be legalized” in the country, Pakistan’s Ministry of IT and Telecommunications drafted a policy to spur the growth of artificial intelligence (AI).

With the national AI policy, Pakistan aims to evolve towards a knowledge-based economy by upskilling human capital in AI and related technologies, among other investments and initiatives.

The policy framework shows Pakistan’s willingness to integrate AI for public and national betterment. The country has set 15 targets with time frames ranging from 2023 to 2028. To support these initiatives, Pakistan intends to establish a National AI Fund using the “underutilized resources and funds” of the Ministry of IT and Telecommunications.

An excerpt from Pakistan’s draft national artificial intelligence policy. Source: moitt.gov.pk

Some of the anticipated use cases for AI in Pakistan include weather prediction, agricultural supply chain optimization, and healthcare transformation, to name a few.

The Pakistani government has taken an inclusive approach to developing AI policy as it remains open for comments from the general public until June 16, 2023.

Related: Pakistani banks agree to development of blockchain-based KYC system

The main reason for the ban on cryptocurrencies in Pakistan was due to the requirements set by the Financial Action Task Force (FATF). In return, the country is excluded from the FATF gray list.

As Cointelegraph previously reported, while the FATF does not have the authority to impose sanctions on countries that do not comply, it is likely that it can influence government and corporate policies around the world.

By complying with the FATF, Pakistan has a greater chance of getting a bailout from the International Monetary Fund.

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This post Pakistan aims to produce 1 million AI-trained IT graduates by 2027

was published first on https://cointelegraph.com/news/pakistan-aims-to-produce-1-million-ai-trained-it-graduates-by-2027


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