LAHORE: The Punjab government has taken a major step to advance its digital vision by signing a Memorandum of Understanding (MoU) between the Bank of Punjab and the Office of Artificial Intelligence (AI).
The partnership, led by Punjab Chief Minister’s Advisor for AI Ali Dar, marks a significant move toward promoting artificial intelligence use across the province and advancing Punjab in the digital era.
Ali Dar stated that a Punjab AI Data Center and Financial Data Warehouse will be established in the Nawaz Sharif IT City, forming the backbone of advanced data systems.
The government aims to make Punjab the largest AI-enabled province in South Asia by 2029, with strong data systems under development.
Under the agreement, modern loan facilities will be introduced for farmers, small businesses, and the housing sector. AI will help deliver financial services more efficiently to the general public, while improving access to loans for low-income individuals.
He added that the initiative will create over 100,000 employment opportunities and open new avenues in technology for youth.
The partnership will also encourage collaboration with startups, universities, and global AI companies.
Officials said the project aims not only to strengthen the economy but also to empower citizens through modern technology.
