CPEC Fueling ‘The Tech Ecosystem’ in Pakistan
According to a report by McKinsey, Pakistan’s flourishing startup environment and optimistic business climate have created the ideal conditions for the success of entrepreneurs.
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Pakistan is well-positioned to promote economic growth through technology, CPEC, and innovation, and local start-ups have the ability to create a worldwide footprint as a result of CPEC’s technology investments in Pakistan. The government must also focus on enacting regulations that nurture and expand Pakistan’s tech ecosystem.
The China-Pakistan Economic Corridor (CPEC) will be a game-changer for Pakistan, as it will not only enhance the economy but also create jobs and help grow the technology sector, with tech startups playing a significant role.
The China Pakistan Economic Corridor is one of the Belt and Road Initiative’s six corridors. The project consists of infrastructure, logistics, energy distribution, and transportation-related initiatives that will facilitate trade between Asian and African nations.
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The logistics industry will be one of the key industries to evolve as a result of CPEC, which is why more tech-based logistics startups like Wahyd Logistics are bringing innovation to the logistics ecosystem by integrating technology to address the challenges faced by end-users, including the corporate and SME segments.
With the growth of technology, we can enable trade without bureaucracy, easing the lives of Pakistani enterprises and their overseas partners.
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