Digital Pakistan

Pakistan’s digital transformation can add $60 billion in annual economic value by 2030

Digital transformation

Digital transformation can aid Pakistan to answer up to Rs 9.7 trillion ($59.7 billion) yearly financial value by 2030, equal to around 19 percent of the country’s GDP in 2020.

In line with the report issued at a recent Google / P@SHA online event, “Unlocking Pakistan’s Digital Potential” reveals that Pakistan has a flourishing technology sector. The country consists of more than 300,000 IT professionals, creates over 25,000 IT graduates yearly, and has developed over 700 tech start-ups since 2010. The online population of Pakistan has grown speedily and the internet diffusion rate is touching 54% in 2021.

There are nearly eight important technologies that grasp the transformative potential for businesses and workers and can create significant economic value for Pakistan. They include cloud computing; the mobile internet; fintech; big data; AI; IoT and remote sensing; advanced robotics; and additive manufacturing.

“Digital transformation is vital for Pakistan to address the long-term implications of the COVID-19 pandemic and build long-term resilience and growth. At Google, we aim to play our part by equipping Pakistanis with helpful products and tools, tech know-how, and online safety skills. Going forward, we will continue working with partners like P@SHA and the various government agencies to help fulfill the Digital Pakistan Vision” said the Country Director.

Read more: Pakistan can increase IT exports to $10 Billion: OICCI report

Meanwhile, Regional Director, Farhan Qureshi, Pakistan, Sri Lanka, and Bangladesh, Google, considers that in spite of the hindrances created by the pandemic, the forthcoming for Pakistan’s digital economy is bright.

Moreover, Dr. Arif Alvi, President, Islamic Republic of Pakistan added: “I was encouraged to see AlphaBeta’s finding that digital transformation could create Rs. 9.7 trillion in annual economic value in Pakistan by 2030. Realizing this goal and the vision of Digital Pakistan will require a whole-of-nation approach, from both the public and private sectors. The efforts of groups like Google and P@SHA will be key. It is heartening to note that, according to AlphaBeta’s report, over 410,000 jobs are supported in Pakistan’s economy through the use of Google’s products.”

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