ISLAMABAD: Prime Minister Shehbaz Sharif this week said Chinese multinational technology company Huawei’s program to train 300,000 Pakistanis will generate employment in the country and boost its exports, state-run media reported. 

Pakistan and Huawei last year signed an agreement to train 300,000 Pakistani youths in information and communication technology (ICT) skills to match international standards. Huawei is providing training to Pakistani youth in artificial intelligence (AI), cybersecurity, cloud computing and other advanced technologies under the initiative.

The Pakistani prime minister met a five-member delegation of the company, headed by its Chief Executive Officer Ethen Sun on Thursday, state broadcaster Radio Pakistan reported. 

“Shehbaz Sharif said the government seeks a solid and long-term partnership with Huawei,” it said. “He highlighted that Huawei’s ICT training program will not only boost IT exports but will also help create employment opportunities for youth.”

Sharif’s office said earlier this month that Huawei has trained over 20,000 Pakistanis under the program. He was briefed by the delegation that 240,000 youths will receive basic training while 60,000 will undergo high-tech training under the initiative.

“The training is expected to be completed by the end of this year,” Radio Pakistan said. 

The state media said Huawei has additionally, in collaboration with the Higher Education Commission, introduced courses in AI, cloud computing, big data and cybersecurity in 15 Pakistani universities.

Pakistan views ICT as a driver of economic change and seeks to transform the sector into a cornerstone of its strategy for financial stability, courting foreign investment from countries like China and the Gulf states.

In its bid to generate more jobs countrywide, Sharif launched the Digital Youth Hub portal in Islamabad on Thursday. 

The initiative will connect young people to jobs, educational opportunities and enhance skills development in the country. 

Sharif’s government has repeatedly spoken of putting Pakistan on the track to economic recovery by increasing its exports. In its economic transformation plan issued this year, the government says it hopes to achieve $60 billion in exports in the next five years. 

KARACHI: Finance Minister Muhammad Aurangzeb on Thursday expressed Islamabad’s interest in importing more crude oil from Russia to fulfill its energy requirements and seeking Moscow’s collaboration to build a new steel mill in Pakistan, the finance ministry said. 

Aurangzeb met Russia’s Deputy Prime Minister Alexei Overchuk on the sidelines of the Boao Forum for Asia (BFA) Conference 2025, currently underway in China, to discuss bilateral ties, trade and investment between the two countries. 

“The bilateral talks focused on strengthening energy cooperation, with Pakistan expressing interest in expanding the procurement of crude oil and investments in oil and gas exploration,” the finance ministry said. 

Pakistan and Russia, once Cold War rivals, have strengthened ties in recent years through increased dialogue and trade. In 2023, Islamabad began purchasing discounted Russian crude oil banned from European markets due to Russia’s war in Ukraine and also received its first shipment of liquefied petroleum gas from Moscow.

In December last year, Russia and Pakistan held intergovernmental meetings in Moscow and discussed cooperation on oil and gas offshore exploration and refining, according to a Reuters news agency report.

Cash-strapped Pakistan has long planned to import crude oil from Moscow at discounted rates. Its first shipment of Russian crude oil in June 2023 consisted of 45,000 tons of oil. Russia welcomed Pakistan’s decision to buy oil from it as it increased the search for new buyers in the wake of European sanctions. 

Islamabad is trying to secure discounted oil from Russia in hopes it will cut down its sizable import bill, which comprises expensive energy imports. 

Pakistan is also trying to strengthen its debt-ridden economy with the help of the International Monetary Fund’s (IMF) financial bailout packages. The lender wants Islamabad to increase its depleting foreign exchange reserves to a level that could finance three months of imports.

Pakistan currently holds $10.6 billion in foreign exchange reserves that cover about two months of imports.

Separately, the finance minister also discussed collaborating with Russia on building a new steel mill in Pakistan. 

“Pakistan’s keen interest in establishing a new steel mill with Russian collaboration was also highlighted,” the finance ministry said. “The minister stressed the importance of feasibility studies and cost assessments to move the project forward.”

A team of technical experts from Russia arrived in Pakistan in January to assess Pakistan Steel Mills (PSM), one of several firms Islamabad wants to sell to revive loss-making entities, as it strives to deliver reforms under a $7 billion International Monetary Fund bailout.

Russian Ambassador to Pakistan Albert P. Khorev this year announced cooperation with Pakistan in the energy and industrial sectors, including the modernization of a state-owned steel mill.

Aurangzeb reaffirmed Pakistan’s commitment to strengthening its economic and trade relations with Russia, saying he was excited about expanding bilateral cooperation in key areas of mutual interest, the ministry said.