Posted on 29/Aug/2018
Technology boom is at its peak in Pakistan. Its growing at the fast pace in different categories. Software industry has grown by 17%, marketing tech 15%, retail/e-commerce 10%, and internet 8% and media 5-6%. The growth of IT industry has doubled in last few years and there is a prediction that it will grow further to 100% in upcoming years. Pakistani talent is rare and creative they have the ability to grasp new skills at a quicker pace which resulted in the development of much technological advancement. In recent times, Pakistan has showed immense evolution in technology industry. That’s How the treasure of 3G and 4G has been brought in Pakistan, through which mobile banking and online retail was made possible. To name few online transactions service is Easy paisa or Jazz cash which enabled the convenient transaction for people either if they wanted to send money for their personal use or for businesses purpose so this has made an easy and quickest way for them. This has surely opened a new e-corridor for Pakistan’s economy. This revolution has also helped common man to start online retail in a big and better way. We have seen retail startups in Pakistan to go big in recent years such as e-commerce website Daraz, Food panda, Shop daily and Forrun.
Even big fashion brands are also offering everything Online- which has made the life of people easier and more convenient. Digital age revolution in Pakistan has surely changed the lifestyle of people and now everyone is adapting the new trend of technology. Trend of Online job providing website where the employee and employer can meet their needs has brought a similar taste of Silicon Valley funding to Pakistan. The new wave of online tech blogs reporting everything from phone prices to entrepreneurship. Also, the emerging freelancers who have made their space on international E-platforms have made Pakistan ranked in top three freelancing countries. This has surely helped Pakistani people in earning and getting an employment opportunity even by sitting at comfort of their own home.
Due to the rise of technology industry. The tourism in Pakistan has also increased to a great extent both customers and businesses are taking advantage from advancement in reservation, communication and experience through the E-commerce Platform. With just a few clicks a variety of option of travelers are available to users. Online website, Smartphone application and online payment method has increased the convenience for people. The travel is basically about connecting people, experience and memories which is now made more connectable due to technology advancement.
Government of Pakistan has also played its role in development of Tech industry in Pakistan. Government has given great incentives to IT investors in the last decade. By the world economic forum which asses the progress of information and technology in the country ranked Pakistan 111th in the global ranking. Also there has been amazing development in creating effective computerized e-government system in Pakistan for department such as police, law and National database and registration authority (NADRA) for issuing National identity card or Passport .Also they had made the process for people a lot easier and convenient as they can even track their application statuses online.
According to a latest report published by the UN Economic and Social Commission for Asia and the Pacific, Pakistan has been considered as greatly exposed to information technology while following the concepts of e-governance and e-commerce
Entrance of technology giants like Ali-baba and Uber, Careem in Pakistan is an example of the technology success in Pakistan and how this will benefit the population in terms of employment, convenience and in digitalization.