Monday, October 25, 2021

CPEC Fueling The Tech Ecosystem in Pakistan

According to a report by McKinsey, a burgeoning start-up environment and promising business climate in Pakistan have created the perfect conditions for entrepreneurs to succeed.

Pakistan is well-positioned with technology, CPEC, and innovation to drive economic growth and the local start-ups have the potential of creating a global footprint as they benefit from CPEC’s technology investments in Pakistan. The government also needs to focus on providing enabling policies to foster and grow the tech ecosystem in Pakistan.

CPEC will be a game-changer for Pakistan that will not only improve the economy but will also create jobs and help grow the technology sector and tech start-ups can definitely play a major part in this.

The China Pakistan Economic Corridor is one of the six corridors that make up the Belt and Road Initiative. The project includes infrastructural, logistical, energy distribution projects and transportation-related ones which will help facilitate trade between countries in Asia and Africa.

One key industry which will evolve thanks to CPEC will be the logistics industry which is why we are seeing more tech-based logistics start-ups such as Wahyd Logistics bringing innovation in the logistics ecosystem by integrating technology to cater to the challenges being faced by the end-users, including the corporate and SME segment.

CPEC is a part of BRI which further elaborates the Chinese intent on sponsoring firms to create broad nationwide logistics and connectivity arrangements for the encouragement of trade/industrial development within an economical context which is why China and Pakistan are building an unprecedented nationwide way for transport in order to enhance the flow of goods between major cities. 

With evolution in technology, we can facilitate trade without bureaucracy, making life easier for both Pakistani businesses and international partners.

Syed Ali Abbashttps://startuppakistan.com.pk
General Manager at Startup Pakistan

Related Articles

Pakistan wins the first ever Twenty20 match by ten wickets

Pakistan defeats India by 10 wickets in the first-ever T20 match at the World Cup.

India suffered its first ever humiliating defeat by ten wickets in the history of cricket

Pakistan has gotten off to a fast start in Dubai, thanks to Babar Azam and Mohammad Rizwan. After 7 overs, the pair had the...

Asad Umar believes that only private-sector-led development can propel Pakistan ahead

Asad Umar, the Federal Minister for Planning, Development, and Special Initiatives, expressed faith in the private sector to help Pakistan achieve economic viability in...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Pakistan wins the first ever Twenty20 match by ten wickets

Pakistan defeats India by 10 wickets in the first-ever T20 match at the World Cup.

India suffered its first ever humiliating defeat by ten wickets in the history of cricket

Pakistan has gotten off to a fast start in Dubai, thanks to Babar Azam and Mohammad Rizwan. After 7 overs, the pair had the...

Asad Umar believes that only private-sector-led development can propel Pakistan ahead

Asad Umar, the Federal Minister for Planning, Development, and Special Initiatives, expressed faith in the private sector to help Pakistan achieve economic viability in...

Today’s match between India and Pakistan will be broadcast live on PIA flights

The management of Pakistan International Airlines (PIA) has chosen to keep on-board passengers informed about Sunday's highly-anticipated T20 Worldcup match between India and Pakistan. Air...

Sindh planning to construct Pakistan’s first green hydrogen plant

According to sources, Pakistan's first green hydrogen plant would be built in Sindh, with a capacity of producing 150,000kg of fuel per day. Naheed...