News
20/12/2018
Digital revolution of Pakistan but it's happening faster than you think
In 2013, when the BRI centered on the world stage, it talked about the traditional infrastructure: roads, railways, energy sources and cross-border connections. However, digital disengagement involving BRI is related to human development and innovation, which is why it is much more powerful.
Digital infrastructure, artificial intelligence, Internet of things and set chains makes a rapidly changing global map. Technology and digital breakthroughs are capable of solving social breaks, which is why we have a better life expectancy and economic empowerment.
This statement has given a new style of home and electronic commerce in BRI countries. 4.0 According to the Global Competitiveness Index, it is very important for all economies to grow in all ages, overcome challenges and human resources and re-energize. Resilience and agility are the keys.
As we have seen in the past, the revolution in industry has gone a long way, but in this case, the Fourth Revolution has developed rapidly and has reached all parts of the world, including southern Asia. Infrastructure problems and repairs in the supply of energy are being solved with investments of billions of euros, while improving technology. Focusing on existing problems is not the goal, but rather going beyond and overcoming them.
The economic broker between China and Pakistan (CPEC) is the most important BRI project. This project is developing very rapidly and the impact of the project on the Pakistani can be seen; as the human development index says, because human development has improved. After many years of war, nowadays it has an economic development of 5.8%. The Executive Director of the World Economic Forum, Devin Wenig, said in 2017 that Pakistan's electronic sales are the fastest growing market in the world. In 2018, Alibaba bought the largest electronic trading in Pakistan, Daraz.
The country's development is also taking place when major investments in energy infrastructure, connectivity, technology and digital infrastructure are taking place. There are few banks in Pakistan at the moment and young people do not have money in the bank, which is why there have been some movements, such as Art Financial Services, which has acquired a 45% stake in the Telenor Microfinance Bank, and this deal reaches 410 million As a dollar bail.
Pakistan's challenge today is to improve its position in its innovation index and financial inclusion. At this time, according to the Index of the World Economic Competitiveness Forum 2018, it ranks 89 to 75.
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