Here’s How Pakistan Can Utilize 5G To Boost Its Economy

After introducing the Internet of Things (IoT) and cloud systems, Pakistan is set for technological growth. The country is now prepared to move further by adopting 5G technology to ramp up Pakistan’s drive for transformation.

As one of Asia’s developing nations, Pakistan’s decision to adopt 5G technology will go a long way to drive economic growth. It will be a game-changer for the country as it seeks to get its economy running and operate an IT-based economy.

5G Technology Can Drive Economic Boom

Recent research by Accenture revealed that 5G technology could cough up more than 16 million jobs in the U.S. across different sectors. In addition, the benefits of 5G-related investments will run into billions of dollars for the country.

For example, the integration of 5G in the manufacturing sector can achieve more than 50% production efficiency gains. Additionally, the healthcare industry can massively benefit from 5G applications by over 30% with improved patient results.

A World Bank report on telecommunications also noted that Pakistan could build on its local cloud systems. This weekend will pave the way for domestic firms and international players to invest in the IoT and related services.

Pakistan has no excuse to miss out on the huge economic potential that lies just waiting to be explored. 5G technology can accelerate a country’s economic development. Moreover, it will support other related services like the cloud, IoT, and software to blossom.

5G technology is one critical tool that the country can adopt to fast-track its path to productivity after a drop in economic growth.

As a potent tool that can trigger innovations, 5G can help Pakistan build on its relative technologies on a large scale.

5G Momentum Likely to Increase

As the world continues to pull itself out of the post-COVID impact, it has become necessary for countries to leverage the 5G network. The demand for ICT infrastructure has never been so high, thanks to the COVID-19 pandemic.

As a result, many countries are looking to expand internet coverage, and access to people as the digital revolution rages on. Thus, Pakistan wants to utilize the flexible benefits of 5G technology to transform its economy.

Furthermore, the country seeks to combine IoT, cloud systems, and artificial intelligence (AI) to create a working ecosystem. Hence, having the required ICT infrastructure will aid Pakistan’s economic transformation.

With the growth in ICT and the recovery of other economic variables, new jobs and business opportunities will emerge. 5G technology has the spark that Pakistan can trigger to begin its economic revival in no time.

Another impact of technology is that the country can go digital by connecting people and businesses. Creating a purpose-driven technology will kickstart a round of monumental growth in industries.

Moreover, 5G adoption will have a wider influence on every sector. Some benefitting areas include health, defense, management, public safety, and transportation.

The technology can also attract investment, increase productivity, and enhance efficiency.