KARACHI: There’s a craze among Pakistani youth for e-sports such as combat games, and establishing of e-sports franchises like Galaxy Racer would keep the dollars youngsters spend on e-sports within the country.
“You cannot take the screen (mobile, tablet or computer) from youngsters and they are already spending dollars on e-sports such as combat games,” said Special Technology Zones Association (STZA) Chairman Amer Ahmed Hashmi. “It is better to give them an option of competitive games.”
E-sports were just starting in Pakistan, with Galaxy Racer entering the country. This would not only cater the local demand of games but would also help establish an industry for game creators and gaming graphics, he added.
Galaxy Racer has received the licence and is expected to invest $2 million in the country with its operations to be conducted from STZ in Islamabad.
Pakistan has been facing a perennial problem of current account deficit – which means it spends more foreign exchange mostly by imports than it generates by exports. The current account deficit crossed $12 billion in the first eight months of financial year 2022.
STZA has just published its report – Facilitating The Next Big Opportunity: E-Sports. The report explores the potential of e-sports. E-sports industry is a segment of the enormous online gaming ecosystem.
The global online gaming ecosystem, which generated approximately $21.2 billion in revenues in 2020, includes distributors and retailers, streaming services,...
Read Full Story: https://www.thenews.com.pk/print/947807-tapping-e-sports-market-to-curb-dollar-outflows-in-gaming
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