In the 21st century, heavy and trusted investment in the technology sector leads to separate developed nations from developing nations. This is exactly the reason behind countries like China have been leading the economic prosperity chart they have an overwhelming proportion of the competitive high-tech industry.
Unfortunately, it is not the case for Pakistan, lack of financial investment or focus on the tech sector from authorities has led to a devastating tech scene considering the percentage of the young population of the country. Despite having the potential to become a leader in science and technology due to the youth bulge, the country is currently falling behind in research and development (R&D) and has a low level of investment in these areas.
Despite having taught one of the worse tech courses in universities and literally no official level support or appreciation, the tech sector has potentially helped Islamabad to stabilize its economy and escape future economic crises. While the overall trade deficit continues to increase for Pakistan, tech is the only sector that has a trade surplus of 75%. Interestingly, the growth trend for Foreign Direct Investment (FDI) into this sector has been positive since 2017. The net flow of FDI was $65 million alone earlier this year. Pakistan’s tech sector exports services for more than $2 Billion almost every year.
But the growth of the IT sector in Pakistan is falling and though these numbers seem impressive, they are...
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