Digital economy vital for sustainable development: Ahsan

Beijing:  Federal Minister for Planning Development & Special Initiatives Ahsan Iqbal on Monday termed digital economy as 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 today, he said industrialization 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.

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 CPEC, Ahsan Iqbal said Pakistan is greatly benefiting from infrastructure development under the corridor project.