A few days after announcing that cryptocurrencies “will never be legalized” in the country, Pakistan’s Ministry of IT and Telecommunications has drawn up a policy to boost the growth of artificial intelligence.
With the national AI policy, Pakistan aims to evolve towards a knowledge-based economy by honing human capital in AI and related technologiesamong other investments and initiatives.
Draft National AI Policy (https://t.co/pZ516dmP8R)#BREAKING believes in an inclusive approach for effective policy making. Please share your feedback through email (feedback.naip@moitt.gov.pk) so that the policy draft is updated in the best interests of citizens of Pakistan. pic.twitter.com/afbkyNuG11
— Ministry of IT & Telecom (@MoitOfficial) May 22, 2023
Draft National AI Policy #MOITT believes in an inclusive approach to effective policy making. Please share your feedback via email (feedback.naip@moitt.gov.pk) so that the draft policy will be updated in the best interest of the citizens of Pakistan.
The policy framework shows the Pakistan’s willingness to integrate AI for public and national betterment. The country has set itself 15 goals with deadlines ranging from 2023 to 2028. To support these initiatives, Pakistan aims to create a National AI Fund using the “underutilized resources and funds” of the Ministry of IT and Telecommunications.
Some of the anticipated use cases for AI in Pakistan include the weather forecasting, agricultural supply chain optimization and healthcare transformationto name a few.
The Pakistani government has adopted a integrative approach to AI policy makingsince it is open to the opinions of the general public until June 16.
The main reason for the ban on cryptocurrencies in Pakistan is due to the requirements set by the Financial Action Task Force (FATF). As a result, the country remains excluded from the FATF gray list.
The officials have been destroying Pakistan in the name of #FATF & #IM F. Whatever happens in this country, according to the officials, it’s either IMF’s fault or FATF’s.
May ALLAH soften their hearts for the country and common man. Ameen pic.twitter.com/ymHJ2sqbb6— Crypto Pakistan (@Crypto_Pakistan) May 17, 2023
Officials have been destroying Pakistan in the name of #FATF & #IMF. Whatever happens in this country, according to officials, is the fault of the IMF or the FATF.
May ALLAH soften their hearts for the country and the common man. Amen.
As Cointelegraph previously reported, Although the FATF does not have the authority to impose sanctions on non-compliant countries, 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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