Federal Minister for Planning Development & Special Initiatives (MoPD&SI) Ahsan Iqbal set up a Steering Committee comprising experts from IT and the private sector for the implementation of digital transformation and to increase digital exports in the country.
The Minister made this announcement while addressing a roundtable conference on Digital Transformation in Pakistan organized by the Ministry of Planning Development & Special Initiatives, after a report on Pakistan’s digital journey, Recommendations for Digital Transformation in Pakistan was launched by Overseas Investors Chamber of Commerce & Industry (OICCI).
The report prepared by OICCI covers wide-ranging suggestions to boost digital infrastructure and connectivity, e-governance, e-commerce, EdTech, Fintech, AgriTech, HealthTech, IT exports and Web 3.0 technologies.
The report argues that digitisation has the potential to add $60 billion to the economy by 2030 if the government creates a favourable investment climate for local and foreign investors to fill in the large gaps in digital infrastructure and connectivity.
Speaking on the occasion, the Planning Minister highlighted that the IT sector is the key driver to increasing digital exports while reiterating that the government is committed to giving top priority to the sector to increase digital exports. The Steering Committee will hold meetings every month to implement the recommendations of OICCI regarding digital transformation.
Increasing exports is the only solution to get rid of the country’s economic problems, said the Planning Minister while assuring the stakeholders that the government will implement the recommendations of OICCI.
It is noted that last week the Planning Minister formed a 15-member National Task Force on Artificial Intelligence aimed at achieving the required goals of national development. The key objective of the [task force] is to develop a 10-year roadmap for accelerated adoption of AI in the business, development, governance, education and healthcare sectors.
Since the government came into power in April 2022, several initiatives have been taken to improve the country’s economy. The Planning Minister has constantly argued that political stability is the key factor for the economic growth of the country.
“Due to political instability Pakistan, unfortunately, could not achieve development targets which its neighbouring countries like India and Bangladesh have achieved by ensuring the political stability for the period of 10 years, ” remarked the minister.