In a startling revelation, a netizen named Rafay recounted a recent encounter that paints a bleak picture of Pakistan’s potential for attracting large-scale blockchain investments. Rafay had the unique opportunity to converse with a regional head of a global blockchain giant, who unveiled plans to hire 5,000 people across various functions this year. Despite the country’s cost-effective resources, the prospect of setting up a back office in Pakistan was rejected due to concerns about the nation’s unreliable internet.
Rafay, with a keen interest in the expansion and growth of technology in Pakistan, had taken it upon himself to argue the case for his homeland. He had stressed the potential for significant cost savings that the blockchain company could enjoy by expanding operations into Pakistan. The company’s regional head, though patient and attentive to Rafay’s pitch, was not convinced.In a moment that Rafay describes as disheartening, the executive took out his phone and pointed out the current status of the internet in Pakistan.
The executive noted that there was either no internet service or it was severely degraded in the country at that time. This, he argued, was a risk too great for the company to take, despite the potential for massive cost savings.This revelation comes amidst growing concerns over the state of Pakistan’s internet infrastructure. The country has been grappling with internet instability due to ongoing national chaos, which has posed significant challenges for businesses and individuals alike.
