Why Pakistan’s economy needs digitalization?

Digitalization is one of the most emerging forms of technology worldwide. States from all around the world are working on it on a massive scale to get economically strong because digitization can bring forth numerous opportunities.

Now the question is why Pakistan’s economy needs digitalization.

Pakistan and digitalization

Pakistan is not in a good state if we talk about its economy. Working on digitalization can offer several opportunities to Pakistan in its hour of need. Some of them are mentioned below:

Sustainable economic development

Digitalization would help Pakistan, build a network worldwide as it offers effective and efficient responses in financial transactions, online businesses, and a rapid system of working.

Digitalization could be a good example of work from home where you don’t need to waste time to be physically somewhere, you can just do your work technically online. Hence it saves time and money.

Digitalization paving the way for employment

Through digitalization, youth and many other newbie entrepreneurs can work online where they can save a large amount of budget that they would otherwise invest on having physical capital.

That is how digitalization would help Pakistan to create more employment opportunities and will counter a huge problem in Pakistan which is unemployment.

Digitalization and E-commerce

Pakistan should work on E-commerce to enhance its reach not only nationally but internationally.

E-commerce is known worldwide and states are working day and night to have a sustainable solution to their financial problems. Hence, Pakistan can also make a big difference by working on this side of digitalization.

Conclusion

All in all, digitalization can offer numerous advantages to Pakistan in the face of suitable economic development and can help Pakistan get rid of its long-lasting unemployment.

Some argue that digitalizing might have advantages but it might have disadvantages as well because digitalization means everything online and the adversaries of Pakistan might do cyber-attacks. What are your views on this?

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