Ahsan Iqbal terms digital economy vital for sustainable development

Ahsan Iqbal terms digital economy vital for sustainable development

Beijing (Web Desk): Federal Minister for Planning Development & Special Initiatives Ahsan Iqbal on Monday said that the digital economy is vital to ensure sustainable development of the country.

Speaking at the panel discussion titled: “Industrialization & Digital Era Connectivity,” organized by the China International Development Cooperation Agency in Beijing, he said industrialisation and digital-era connectivity have transformed the world as both have brought unprecedented opportunities for progress, economic growth, and global connectivity.

However, he emphasized the harmonization in digital policies and standards by stronger collaboration through multilateral forums.

Ahsan Iqbal said the combination of industrialization and digital connectivity has opened up new avenues for innovation and entrepreneurship.

"The startups and small businesses can leverage digital platforms and technologies to reach global markets and disrupt traditional industries," the minister said.

He highlighted the key initiatives taken by the government in the field including the establishment of National Centers in Artificial Intelligence, Cyber security, automation & Robotics, Big Data & Cloud Computing, Quantum Computing and Nanotechnology.

As regards to the China-Pakistan Economic Corridor (CPEC), the minister said Pakistan is greatly benefiting from infrastructure development under the corridor project.