KARACHI: Digitisation offers employment prospects to 23 per cent of Pakistan’s population, which falls in the age group of 20-34 years, and can add $60 billion to the economy within the next seven to eight years, said a press release by the Overseas Investors Chamber of Commerce and Industry (OICCI) on Thursday.

The OICCI Managing Committee presented “Recommendations for Digital Transformation in Pakistan” to President Arif Alvi with an objective to set the country on its digital journey. The report covers suggestions on e-commerce, fintech, IT exports and web 3.0 technologies etc.

The president showed his concern over the decline in business confidence influenced by the highly challenging political and economic situation during the past six months. He also appreciated that the OICCI has taken the lead in presenting recommendations to digitise the economy. This report offers key recommendations to policymakers on various facets of the digital transformation of the economy, including suggestions for digital infrastructure and connectivity, government, private sector, mass digital usage, emerging web 3.0 technologies and digital regulations to accelerate innovation in Pakistan.

Published in Dawn, February 17th, 2023