In a rare confession, Pakistan Prime Minister Imran Khan lauded India's tech exports boom admitting that his country had fallen behind in comparison. Addressing the inauguration ceremony of the Lahore Technopolis on December 23, Imran Khan remarked that while Indian tech exports boomed to $150 billion within 15-20 years, Pakistan was lagging far behind and could only reach $2 billion.
“Unfortunately, Pakistan lagged behind in the sector despite having ideal conditions, including a huge population of young people,” he said, adding that within 15 to 20 years, Indian tech exports boomed to $150 billion while Pakistan's could reach only $2 billion,” The Express Tribune quoted Imran Khan as saying.
He also specified how Pakistan failed to pick pace in the technology sector despite having ideal conditions including a huge young population. Discussing the growth of tech companies during the COVID-19 slump, he lamented over how Pakistan could not pick on the benefits at a time when tech giants were profiting. He further added that when the country started achieving economic growth, the current account got disturbed owing to the import of machinery.
"This ultimately devalued the local currency and compelled the government to approach the IMF for loans", The Express Tribune reported. “The country can only come out of this cycle by boosting its exports and allowing wealth creation,” he said.
Khan also cited the Chinese model of development and shared how the Communist country had...
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