A study of OCCI (Overseas Chamber of Commerce and Industry) has claimed that the digital economy can create the 4 million job opportunities to cater to the need of the younger generation. The report further revealed that it is the only solution to boost the GDP’s value up to an ambitious level of $50 billion per annum.
It said that Pakistan’s digital participation metrics are lagging behind the regional economies however the potential exists and it can provide solutions to the existing problems. This can be well reflected by the fact that we are the fastest growing mobile market globally, with more than 150 million mobile phone subscribers accounting for 73% teledensity and about 156 million people still without internet, hence the potential exists.
The report also suggested urgent measures to make significant improvement in the sphere. Here are the suggestions:
- Implementation of telemedicine in the public sector will help improve the provision of healthcare services across the country.
- E-education or distance learning will improve education offered by the public sector institutes as it will harmonize the curricula.
- Imparting digital skills to the workforce will help bridge the digital manpower deficit. With a special focus on China, the US $500-700 million can be added to the foreign remittances.
- Financial inclusion starting from the bottom level can help increase the GDP and create 4 million jobs by 2025.
- Digitalising agriculture sector will assist timely impartment of information and digital payments, increasing efficiency.
- Enabling digital entrepreneurship and creating special zones for IT will create more employment opportunities.
- Extending the reach of broadband services can result in increasing our GDP by Us $10-15 billion per year.
- To increase efficiency and transparency ‘digital government needs to be brought to mainstream limelight’.
- Deploying public cloud and introducing open data will increase the speed of ICT deployment.
- Adopting AI (Artificial Intelligence) for sustainable development will result in an additional $250 million per year (capturing 3% to 5% of the services component of the AI market).
- Implementing a comprehensive national cybersecurity policy will help minimise the risk, protection of critical data and enable flourishing of the digital ecosystem.
- Establishing a national centre for the development of blockchain technologies: the new technology’s already helping to improve transparency, reduce inefficiency and curb pilferage in tax collection.What are your thoughts on this? Share with us in the comments bar below.