Tuesday, July 2, 2024 03:21 PM
The President of PCJCCI calls for Pakistan to implement crucial digital reforms mirroring China's successful strategy. Emphasis on data utilization, infrastructure development, and international collaboration for economic growth.
In a recent development, the President of the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) has called for Pakistan to implement crucial reforms to enhance the market-oriented allocation of data elements and accelerate the development of digital infrastructure. This initiative aligns with the 'Digital Pakistan' vision, mirroring China's successful 'Digital China' strategy.
China's ambitious digital development plan, set to achieve significant milestones by 2025, stands as a beacon for Pakistan to follow. The focus lies on advancing data-related institutions, promoting data integration, sharing, and application, and propelling the digital economy and society forward.
The Senior Vice President of PCJCCI emphasized the importance of strengthening data property rights, facilitating data circulation and trading, and establishing robust governance systems. It is imperative for Pakistan to ramp up data security technologies, drive digital transformation in industries, and bolster international cooperation in the digital economy.
Moreover, the Vice President of PCJCCI highlighted China's success in expanding the application of data elements across diverse sectors, fostering the growth of new industries and innovative business models. The upcoming summit aims to harness the value of data, improve digital infrastructure, and optimize data resource systems for a more prosperous future.
As Pakistan moves towards embracing digital transformation, the call for implementing reforms to enhance data utilization and infrastructure becomes increasingly urgent. By following in China's footsteps and prioritizing digital development, Pakistan can pave the way for economic growth, innovation, and international collaboration in the digital realm.