CPEC charges up IT, Digital economy in Pakistan

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CPEC’s positive stir in IT industry and digital economy in 2022 has set the tone of resilient growth and progression for 2023 on automation, e-governance, e-commerce, IT parks, Research & Development, Internet density and computer Technology in Pakistan.

According to Gwadar Pro, benefited by CPEC-led cooperation on IT and digital economy, it is predicted that the total value of Pakistan’s IT industry will reach $10 billion by 2025.

During onset and till end of current year, Pakistan has more than 2,000 software R&D centers. At present, Pakistan is the fourth largest base for free IT practitioners in the world.

Owing to multiple strategic, development and trade compulsions, China and Pakistan are specially focusing on the development of IT sector for China Pakistan Economic Corridor (CPEC) and beyond.

In July 2022 the first-ever China-Pakistan Technology Investment Conference was jointly organised by Special Technology Zones Authority, the Pakistan Embassy in China, the Ministry of Foreign Affairs in Islamabad.