Pakistan’s digital economy could account for 7% of the country’s gross domestic product (GDP) by 2030, according to a report by the Overseas Investors Chamber of Commerce and Industry (OICCI). The findings, released on Friday, emphasize the transformative potential of digital technologies in driving economic growth and innovation in Pakistan.
The report underscores the rapid adoption of digital services, including e-commerce, fintech, and telecommunications, as key drivers of this projected growth. Analysts suggest that increased internet penetration and smartphone usage are pivotal factors in this expansion. “Pakistan’s digital landscape is evolving at an unprecedented pace, and with the right investments, it can become a cornerstone of the national economy,” said a source familiar with the report.
However, challenges remain. Infrastructure gaps, regulatory hurdles, and cybersecurity concerns could hinder progress. Officials have called for targeted policies to address these issues and create an enabling environment for digital businesses. “The government must work closely with the private sector to ensure sustained growth in this sector,” the source added.
Looking ahead, experts believe that Pakistan’s digital economy could unlock new opportunities for job creation and economic diversification. The report serves as a clarion call for stakeholders to prioritize digital transformation and harness its potential for long-term prosperity.