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I contemplated the world see astiz, one moment. Regrettably, few researchers began to appear in retrospect, e. Grigorenko eds. Commons, f. Richards, t. Salthouse eds. In The Modern Era Technology Has Become.

Over the past two decades, the technological sector has witnessed unprecedented growth because of the new technological advancements, especially the increased interconnectedness and propagation of smart devices at service of almost every individual around the modern world.

Techpreneurs are the billionaires of the modern era. Technology has become the epitome of the modern world. Digitization is even one of the aspects of technology, and it has to reshape the practicalities of the modern world. On the state level, we can apply this situation and presume that the states who would invest in technology would have bright economic prospects align for them. A number of IT graduates and young entrepreneurs are fancying of the next billion-dollar idea. This idea is not far-fetched.

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All tech giants across the globe have had humble origins. So you can see how much the scope and potential Technoology this sector is and how it can prove vital for Pakistan to reshape its economy. As a nation, Pakistan is still the early stage of tech or digital revolution even after 20 years of online access.

While we have moved from modems to broadbands to smartphones and saw a transformation in the way we carry out our daily chores, the fact is that unfortunately, Pakistan has been unable to fully exploit the opportunities offered by Information and communications technology ICT.

However, there is a bright side. Pakistan young, energetic and tech-savvy population, market of more than million people and increasing levels of local capital are making new avenues and opportunities for tech entrepreneurs. With the latest technologies and access to faster internet, the tech industry is rendering services and products, across sectors, which are increasingly dynamic and innovative. Patari, an online streaming app and a household name for music fans, made headlines as it procured k in seed money at It a ride-hailing startup that connects passengers In The Modern Era Technology Has Become buses at a fixed-rate, working in Pakistan biggest cities.

There are hundreds of other success stories like these that encourage the country and build expectations for brighter prospects. Underpinning this campaign are the 5 core pillars of the strategy: access, connectivity, digital infrastructure, e-government, digital skills, training, innovation and entrepreneurship. Start-up incubators and accelerators are also springing across the country operated by both the public and private sector to encourage the development of spinoffs and enhance access to financial and technical resources. Around twenty incubators have been established in collaboration with Plan9, a PITB run technology incubator.

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The tech industry is highly knowledge and skill intensive. At the same time, Pakistan also ranks better in terms of cost than many lower-middle-income nations group. But of the total graduates, only under a thousand graduates are products of Tier 1 universities and of those around half fulfill the skills required for technical input required by the industry. The technology industry depends on the skills of two types that are technical and specialized skills to develop and layout IT products and expertise to create innovative business models and marketing techniques.

So, fortunately, in the coming future, Pakistan would have a lot of skilled indigenous labor.

Young Pakistani entrepreneurs struggle to come up with their thoughts. However, Pakistan has a flourishing freelance market. Globally Its ranked 4th Concerning in term of freelancers employed in software development and technologies. BBecome to funding is a substantial barrier. Injust nine Pakistani startups received venture capital financing in contrast to 34 in Nigeria, 38 from the UAE and approximately in India.

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International venture capital investors find the process of investing, using stocks registered and issued with red tape. Approvals are required Becime various government departments like the Securities and Exchange Commission of Pakistan, Competition Commission of Pakistan and also State Bank. This would put off anybody who has the choice to invest elsewhere in the modern world. Because of over-regulation investment funds choose to operate from outside of Pakistan. Iskander Pataudi, a Pakistani-born tech expert, serving in Berlin, said that the tech scene emerged organically.

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Technology is booming around the globe, and Pakistan is an untapped tech market. He stated that a few Pakistani tech startups have raised huge funding rounds at a time where our economy is just keeping its head above water. This makes sense, considering we have a huge market of young, digitally-savvy consumers and increased 3G and 4G connectivity.]