State of Pakistan’s Technology Landscape and Startup Economy
Pakistan’s technology landscape and startup economy have been on the rise in recent years, with a growing number of startups and a developing ecosystem to support them. The report “State of Pakistan’s Technology Landscape and Startup Economy” provides a comprehensive overview of the current state of the industry and its potential for future growth.
The report highlights the challenges faced by Pakistan’s startup ecosystem, including limited access to funding and a lack of government support. Despite these challenges, the report notes that Pakistan’s young and skilled workforce, as well as its large population and growing middle class, provide a strong foundation for the development of the technology industry.
One of the most promising sectors of Pakistan’s technology industry is e-commerce. The report notes that the e-commerce market in Pakistan has grown significantly in recent years, with the country’s large and young population driving demand for online shopping. The report also identifies fintech as a key sector of the industry, with the potential to revolutionize financial services in the country.
While Pakistan’s technology industry is still in its early stages, the report identifies several potential areas for growth and investment. For example, the report notes that the country’s education technology sector is largely untapped, despite the potential for e-learning to improve access to education in Pakistan.
To foster the growth of Pakistan’s technology and startup economy, the report recommends that policymakers and investors take several steps. These include increasing access to funding, improving the regulatory environment for startups, and supporting the development of infrastructure and talent.
Some facts and figures
- The digital economy is worth $11.5 trilion globally
- 10,000 IT graduates produced each year in Pakistan
- 300,000, IT professionals in Pakistan
- 4th ranked globally for freelance development
- IT exports are around $1.067 billion
- The ICT industry size is targeted to reach $20 billion by 2025
Source: https://invest.gov.pk