ISLAMABAD:Federal Minister for Planning Development and Special Initiatives Ahsan Iqbal has termed the digital economy as vital to ensure sustainable development of the country. He was speaking at the panel discussion titled: “Industrialization and Digital Era Connectivity,” organized by the China International Development Cooperation Agency in Beijing on Monday. The Minister 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 and Robotics, Big Data and Cloud Computing, Quantum Computing and Nanotechnology.

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

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