ISLAMABAD: Minister for Planning Development and Special Initiatives Prof Ahsan Iqbal stressed the need for establishing a digital corridor, acknowledging Pakistan’s role as a prime ground for digital economic expansion.
During a meeting with the delegation of Huawei Pakistan including Chief Executive Officer of the company Ethan Sun, CEO Huawei Pakistan; Ahmed Bilal Masood, the minister emphasized the pivotal role of digital advancement in shaping the future of the national economy, said a press release.
“Pakistanis are the second biggest nationality employed in Huawei,” said the delegation to highlight Pakistan’s potential to emerge as a key player in the competitive digital economy.
It is projected that developed economies will witness a significant surge in their Gross Domestic Product (GDP) stemming from digital advancements.
According to leading experts, more than 30% of the GDP of developed nations is expected to be driven by digital innovation and infrastructure by the coming decade, as expressed by CEO Huawei Pakistan.”
During the meeting, discussions revolved around various projects to be included within the China-Pakistan Economic Corridor (CPEC) Phase II project list, along with collaboration opportunities concerning Pakistan’s Digital Economy Strategy.
“These elements are essential to fueling economic growth and ensuring global competitiveness in the digital age,” the minister said.
Ahmed Bilal Masood Deputy CEO of Huawei Pakistan assured Pakistan can become a big trading zone for the large user base of Middle Eastern countries.
Moreover, notable investments are already underway to bolster the digital infrastructure and technological capabilities of Pakistan. The introduction of low prices for smartphones in the Pakistani market was also discussed.
It will not only encourage users to experience mobile networks, like 4G but also will contribute to telecom market development.
The minister proposed to initiate Islamabad as a model smart city, emphasizing the importance of digital infrastructure provision for the new-age economy.
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