Digital transformation is set to play a critical role in securing Pakistan’s long-term economic stability and enhancing its trade competitiveness, as more industries adopt technology to drive innovation and integrate into global markets, according to WealthPK.
“As the world increasingly moves towards digital platforms, the importance of Pakistan tapping into the digital economy has never been more significant,” said Asfand Yar Khan, Director General (IT) at the Ministry of Information Technology and Telecommunication, in an interview with WealthPK.
“The digital economy offers Pakistan immense opportunities for innovation, expanding trade, and creating jobs. It also provides a sustainable path towards economic resilience amidst global uncertainties. For Pakistan, embracing the digital sector is no longer optional—it’s essential if we want to achieve long-term economic stability, improve trade competitiveness, and boost national productivity,” he added.
According to Pakistan’s Economic Survey (2023-24), the IT sector currently brings in around $2.6 billion annually through exports. To hit the ambitious target of $15 billion in yearly exports over the next five years, the country will need at least 200,000 skilled IT professionals. Asfand Yar Khan also highlighted how the global digital economy has transformed traditional business models, enabling faster, more efficient, and scalable operations.
He stated, “Digital platforms go beyond mere technological improvements; they signify an entirely new approach to conducting business and trade.”
In Pakistan, where trade and industrial growth have long been stifled by inefficient logistics and outdated processes, digital tools can provide the agility and transparency needed to overcome these obstacles. E-commerce, digital payments, and blockchain-enabled supply chains can simplify operations, making Pakistan’s trade ecosystem more globally competitive.
“Digital platforms can especially drive growth in export-oriented industries. By investing in these platforms, Pakistan can enhance its exports through better transparency, easier access to global markets, and the ability to meet international standards more effectively,” Khan concluded.
