'Digital economy' to boost GDP up to $ 40 billion annually.


ISLAMABAD -- 'Digital economy in Pakistan' has huge potential for boosting country's Gross Domestic Product (GDP) up to the level of $ 40 billion, besides consolidating the local economy. Through the evolution of 'Digital Economy', Pakistan can rapidly achieve its economic agenda in all major sectors including trade and E-commerce, education and health for economic growth in the country, senior official of Ministry of Commerce informed reporter on Thursday. Pakistan needed to do extensively in digital economy as country have huge participation of global mobile market, with over 160 million mobile phone subscribers and around 150 million Internet users, he said. He said : 'We can improve public services in different sectors through the modern digital tools for providing rapid services to the people.' The senior official said that Pakistan was a agriculture country and through the modern digital mechanism, the farmers and agriculture workers can improve their financial mechanism to connect with global value chain. Replying to a question, he said that digital data integration system would play important role to improve the economic mechanism in all major sectors of country's economy.

He said : "It is also important for bridging the gap in economic and trade data process through integration of various data mechanism to reflect the true picture of economy including trade, industries, services and agriculture sector." To evolve the proper trade data mechanism to resolve the issues in trade data, the government intended to include...

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