Digital Revolution Putting Pakistan on Path to Progress

Pakistan is undergoing a digital revolution owing to the China-Pakistan Economic Corridor (CPEC) which is a flagship project of Beijing’s Belt & Road Initiative (BRI), according to an article published on the World Economic Forum (WEF) website. 

CPEC has been rapidly progressing and the impact of the project can be seen in the lives of Pakistani people, as reflected in an improving human development index, the article read.

As per the article, growth is being accelerated by other major investments in power and connectivity infrastructure, technology and digital infrastructure. Ant Financial Services, China’s biggest online payment service provider, recently bought a 45 percent stake in Telenor Microfinance Bank, in a deal that valued the Pakistani bank at $410 million.