National Digital Transformation Can Drive Pakistan’s 11-Fold GDP Growth to USD 9 Trillion by 2050
Pakistan’s government-led national digital transformation plan can drive the country’s GDP by 11-fold growth to reach USD 9 trillion by 2050, industry experts announced at the recent SAP Forum Pakistan.
Aligned with Pakistan Vision 2025, digital government initiatives in healthcare, literacy, and social cash transfers are contributing to its GDP by purchasing power parity rising from USD 800 billion in 2015 to USD 9 trillion, according to a recent report by the global mobile association GSMA.
As a result, Pakistan’s government aims to become one of the world’s 25 largest economies by 2025, when it will reach over USD 5 billion in IT exports, and one of the 10 largest economies by 2047.
“Pakistan’s government-led national digital transformation and Vision 2025 show global best practices in using real-time insights to grow the economy and meet people’s needs in innovative ways,” said Gergi Abboud, Managing Director – Gulf and Pakistan of global enterprise technology company SAP.
At the SAP Forum Pakistan, hundreds of customers, channel partners, government officials, and C-suite executives experienced how cloud solutions can transform government, healthcare, oil and gas, telecommunications, utilities, construction, real estate, consumer products, and retail.
The in-memory platform SAP HANA and real-time business suite SAP S/4HANA are the foundations for real-time data analysis in these sectors.
Demonstrating the strong potential for results of nationwide digital transformation on daily lives, Pakistan’s government made USD 9 billion in digital payments in 2015, and 75 percent of all payments could be digitized by 2018, according to the Consultative Group to Assist the Poor.
“Digital payments show how Pakistan’s robust digital infrastructure and visionary leaders are delivering results. Pakistan’s government is well-positioned to deploy public-private partnerships to drive cloud-based innovations – from digital patient records in hospitals to smart utility meters – that can enhance engagement, efficiency, and costs,” added Gergi Aboud.
With government figures showing over 100 million Pakistanis under the age of 30, SAP’s Training and Development Institute presented on SAP’s support for Pakistan’s workforce of the future.
For example, SAP and Benazir Bhutto Shaheed University Lyari recently graduation the first class of the SAP Young Professionals Program, with over 250 students becoming SAP-certified consultants.