Bank of Punjab has entered into a Memorandum of Understanding with the Office of AI Punjab to advance artificial intelligence adoption and strengthen digital infrastructure across the province. The agreement is aligned with the broader Digital Punjab vision introduced under Maryam Nawaz Sharif’s leadership, focusing on building a technology driven ecosystem that supports economic growth and digital transformation. The collaboration aims to position Punjab as a regional hub for artificial intelligence development while expanding the use of AI in public and financial services.
As part of the initiative, both institutions will work on establishing a Punjab AI Data Center along with a Financial Data Warehouse at Nawaz Sharif IT City. These infrastructure projects are intended to improve data storage, processing capabilities, and analytics capacity across government and financial systems. The development is expected to enhance the province’s ability to manage large scale data operations while supporting more efficient and secure digital services. By strengthening core data infrastructure, the project also aims to accelerate the adoption of AI powered solutions in governance and financial inclusion initiatives.
The agreement was facilitated under the leadership of Ali Dar, who highlighted that the partnership will enable practical implementation of artificial intelligence across multiple sectors. He noted that the long term objective is to position Punjab as a leading artificial intelligence hub in South Asia by 2029. The collaboration is also expected to encourage engagement between government institutions, private sector organizations, startups, and academic institutions, creating a broader ecosystem for innovation and research in emerging technologies.
A key focus of the initiative is the development of AI driven financial solutions designed to improve access to credit for farmers, small and medium enterprises, and the housing sector. These solutions are intended to enhance financial inclusion for underserved communities by making credit assessment and lending processes more efficient and data driven. The project also outlines plans to generate more than 100,000 jobs through the expansion of AI related industries and services, supporting workforce development in technology and data science fields while contributing to the overall growth of the digital economy in the region.
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