Xiaomi reported record quarterly earnings on Wednesday, the latest sign that global technology companies are paying closer attention to South Asian markets.

The challenge now is execution. Previous attempts to build large-scale technology infrastructure in the country have stalled because of financing gaps and bureaucratic delays.

Government officials welcomed the development. A spokesperson for the Special Technology Zones Authority said the initiative "aligns with the national digital agenda" and promised faster approvals for similar projects.

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A closer look at the numbers

Employees will be offered training through a partnership with UET Lahore, the company said, with a focus on cloud engineering, data analysis and product management.

"This is not just a Karachi story or a Lahore story. It is a Pakistan story."

Ahmed Raza, chief executive at Foodpanda Pakistan

Security experts have urged users to enable two-factor authentication and to update their apps promptly, noting that attackers increasingly target mobile-first markets.

A closer look at the numbers

Industry observers say the timing is significant. Pakistan's renewable energy sector grew 42% last year, according to the Federal Board of Revenue, even as venture funding across South Asia slowed sharply.

Key points

  • Rollout begins in Multan and Rawalpindi before expanding nationwide
  • Pricing to remain unchanged until at least September
  • Roughly 500 jobs expected over the next two years
  • Funding round values the company at about $12 million

Investors remain cautiously optimistic. Total venture funding into Pakistani startups reached $15 million in Q1 2025, the strongest quarter since 2022.

The company said the initiative would create roughly 25 jobs over the next two years, most of them in Karachi and Lahore. It did not disclose the size of the investment, but people familiar with the plans put the figure at between $25 million and $600 million.

Reporting by the WritePures newsroom. Have a tip? Contact our editors.