BEIJING, Dec 12 (Gwadar Pro) – Pakistan will capitalize on low banking penetration through digital technology, which has great potential for growth in line with the national financial inclusion strategy, said Shaikh Muhammad Shariq, Vice President of the National Bank of Pakistan while addressing a special conference on the innovation & development of the SCO driven by the digital economy.
The participants of Shanghai Cooperation Organization members attended the conference and were committed to increasing collaboration between SCO members in digital economy.
The Chief Representative of NBP in Beijing Shaikh Shariq said that in Pakistan, mobile connectivity is advancing the digital transformation of industries and facilitating the development of new solutions in different areas, and simplifying commercial transactions and remittances between individuals and organizations.
“Pakistan is home to more than 300,000 IT professionals, produces over 25,000 IT graduates annually, and has nurtured over 700 tech start-ups since 2010. Technology exports have grown 15% per year and are expected to reach $3.5 billion in 2022. Pakistan’s online population has grown rapidly and internet penetration is reaching 54% this year” Shaikh added.
He further said that Pakistan introduced its first ‘Digital Pakistan policy’ back in 2018. The primary aim of this policy was to bolster the IT industry by building a digital ecosystem, aiming to enhance connectivity, improve digital infrastructure,...
Read Full Story: http://en.ce.cn/Insight/202112/12/t20211212_37164356.shtml
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.